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Professional4X
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How to recognize a Forex Scammer ?
in
General
Nov 21, 2019 at 10:14
Ask them to provide you the read only investors account information.Legitimate investment account managers have no problem providing it to their clients upon request.If they refuse to allow you to review their trading live trading history then it's probably a scammer.
EliteScalper4.2
in
Trading Systems
Nov 21, 2019 at 06:22
You blew your other account, so now you are using a new one and telling people you can make 100% profit per month.https://www.myfxbook.com/community/trading-systems/xtremescalping/1667304,1No cool.
XtremeScalping
in
Trading Systems
Nov 21, 2019 at 06:18
Also, your account is blown, but you are hiding it behind the custom analysis tool on MyFXBook.https://www.myfxbook.com/files/Professional4X/blownAccount_Mv.jpgYou've adjusted the viewable dates to show only days of good trading, when the reality is that you are -41% in profit on the account.Why are you hiding the truth from people when the account is blown?
XtremeScalping
in
Trading Systems
Nov 21, 2019 at 06:12
Please open your history.https://www.myfxbook.com/files/Professional4X/private_fn.jpg
EliteScalper4.2
in
Trading Systems
Nov 21, 2019 at 06:10
Please open your history so we can see the actual history of the account.https://www.myfxbook.com/files/Professional4X/private.jpgThank you.
Very tough business.
in
General
Nov 21, 2019 at 06:06
Forex is profitable if you trade properly.The difference between someone who is profitable and someone who blows their account is the proper use of risk management.
high return
in
Trading Systems
Nov 21, 2019 at 05:47
You forgot to include No Risk Management, No Money Management, No real strategy, and 80% of your profits come from 1 single trade.https://www.myfxbook.com/files/Professional4X/highrisk.jpgMQL5.com where you sell your signal from has issued your several warnings on your signal page because of this.High risk trading + No Risk Management = Blown accounts
Frero
in
Trading Systems
Nov 21, 2019 at 00:09
54% DD not 27%Look at your own stats page. It is clear that you have 54% DD not 27%
Frero
in
Trading Systems
Nov 21, 2019 at 00:02
Actually..... If the person who provided the signal can be shown to be negligent in their trading such as not using risk management, the can in fact be held liable in court. You cannot simply say "oh well you knew the risks", and assume that you're legally clear. It's quite the opposite. I have an attorney on retainer that is our family attorney and this is a discussion we recently had actually.If negligence can be proven, it's a valid lawsuit.
Frero
in
Trading Systems
Nov 20, 2019 at 23:52
The facts speak the truth.GREATER than 50% DD No reasonable risk managementNo stoploss50% DD clearly shows there is no reasonable risk management in use.https://www.myfxbook.com/files/Professional4X/drawdown_eA.jpg
Frero
in
Trading Systems
Nov 20, 2019 at 23:50
Speaks a lot but has nothing to offer?I'm offering only the truth. You just need to open your eyes and listen to what people are saying.The facts speaks the truth. The system is high risk with heavy DD and uses no reasonable risk management, no stoploss.
Frero
in
Trading Systems
Nov 20, 2019 at 23:48
The stats for the account clearly show a greater than 50% DD.https://www.myfxbook.com/files/Professional4X/54.jpgPlease pay attention.
New Forex Trader Here
in
New Traders
Nov 20, 2019 at 05:45
It doesn't matter which specific strategy an investor has decided to trade with, as long as the strategy presents little to no risk, and can generate a reasonable and consistent profit level. The strategy is secondary to Risk Management and effective money management.The difference between a truly profitable investor and someone who consistently loses in the markets is effective Risk Management.Effective risk management includes:Profitable low risk investment strategyUse of reasonable and realistic stoploss targets.Use of reasonable and realistic takeprofit targetsSmall lot sizesCareful at...
Grape
in
Trading Systems
Nov 20, 2019 at 02:29
I see that you aren't using a stoploss on any of your trades.Your account is not being protected properly against massive negative news spikes, and anyone who subscribes to your signal will lose their money with a single bad news event (black swan, etc...)You should focus on Risk Management which includes realistic and reasonable stoploss targets.
Frero
in
Trading Systems
Nov 20, 2019 at 01:00
Only someone who doesn't understand how to properly trade would ever consider trading without risk management.
Frero
in
Trading Systems
Nov 20, 2019 at 00:49
You have the evidence right in front of you. Look at the chart.https://www.myfxbook.com/files/Professional4X/drawdown_HA.jpgThis account is not using reasonable risk management and is not protecting their investment capital.They are putting their entire account at risk of being blown.In addition the account isn't using any STOPLOSS or TAKEPROFIT targets. You can see this by simply looking at the trading history.https://www.myfxbook.com/files/Professional4X/hold.jpg
FCI Renta Infinita Plus
in
Trading Systems
Nov 19, 2019 at 21:26
Why did you delete the account? You should be open and honest with people about what happened, perhaps then we can help you learn to trade properly.Risk management should always be your #1 priority, without risk management, you put your investment capital at risk.
How to recognize a Forex Scammer ?
in
General
Nov 19, 2019 at 21:20
Exactly.One of the big problems is that new traders who lack the understanding of how the markets really work and even experienced traders will sometimes allow their emotions to take control of their trading when they see fast profits and they completely disregard any kind of reasonable risk management, so they mistakenly believe the hype being pitched by the scammer.It's pretty obvious a person is a scammer because several low post count accounts (new accounts) will often show up and start defending the investor (multiple accounts by the same person probably).But the reality is that they ...
Regulated broker for US residents with Hedging.
in
General
Nov 18, 2019 at 00:39
Those brokerages you listed will not work for the original posters needs.US Brokers do not allow Hedging due to regulatory restrictions.
100% profitable trades, just do it))
in
Experienced Traders
Nov 18, 2019 at 00:05
Stop telling people you can trade with 100% profitability, you are not being truthful.The reality of the situation is that you are high risk trading and are not using any reasonable risk management and you put your entire investment account at risk.https://www.myfxbook.com/files/Professional4X/blown_Su.jpgYou've now exceeded 101% in losses in your account.You just traded your account into a greater than 100% losses, and this also means that anyone who was copying your trades directly via signal or EA copying would also have experienced massive losses as well.You've blown your account b...
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