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Posts by
marco_mmbiz
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What are good stats in Forex
in
General
Oct 22, 2020 at 08:22
Answers:- track record is verified and the connected broker is already known and has a good regulation (FINMA; ESMA/CYSEC; NFA; FCA; BAFIN; IFSC, or any good regulator in your area), so you can be sure the results shown on myfxbook are 100% real- monthly profits are between 0.50% and 9.50% (some months with more than 10% are still okay) during a period of more than 2 years; this is showing you a consistent and safe long-term trading style- the overall drawdown is lower than 50%; some spikes are okay, but it should not always be more than 20% per day traded (1-10% is still okay)- a maximum of 2...
Why demo is easy?
in
General
Oct 21, 2020 at 12:37
If you don't have the correct mindset for your own trading style then it doesn't matter if you trade on demo or real. If you change your mindset on a real account you should work on your original mindset then.
Broker
in
General
Oct 21, 2020 at 10:37
Source: http://www.consob.it/web/consob-and-its-activities/warnings?viewId=ultime_com_tutela
Why demo is easy?
in
General
Oct 21, 2020 at 09:36
Demo accounts are not always the same like real accounts, it doesn't always have to do something with your mindset only. Most retail brokers have a different behavior as soon as it comes to real accounts with real good profits. The 'bad' behavior that you won't see on a demo account is: restricting withdrawals, server time-outs during trades, blocked EAs or trading strategies, higher spreads/slippages/commissions and so on. Demo accounts are most probably for marketing purposes only, but yeah you can also learn the simple trading stuff you need before starting any real account;...
how many pips a year do you need to make ?
in
General
Oct 21, 2020 at 09:21
Pips don't matter, but your YTD does. 😉
How exaggerated is the rise in oil prices?
in
Experienced Traders
Oct 21, 2020 at 09:12
Brent Crude Oil will still be between 39 and 49 USD until next year. The OPEC+ will stay at or around their current oil output rates and the pandemic will still be at it's current fatalities until spring or even summer 2021.
Broker
in
General
Oct 21, 2020 at 09:03
Most brokers will do this because of regulations from ESMA (EU), NFA (USA) and other regulators. Only offshore brokers will still have the higher leverages.
RoFx
in
Trading Systems
Oct 16, 2020 at 20:53
makes it just another one of those typical scam marketing blog posts. Ester (the broker used for this Myfxbook account here) is definitely none of the top brokerages in Europe; it's an unknown broker with it's origin in Ukraine and/or Russia (and a p.o.box in Vanuatu). Everyone's alarm bells should be ringing as a lot of European scams (financial, marketing, b2b, b2c) are actually coming from this East Europe (and/or offshore brokers).The biggest warning sign here should still be the review by @drarq as quoted in my other posts before. As long as you need to send your money to some...
AWT Whales
in
Trading Systems
Oct 16, 2020 at 13:46
The "broker" is not even listed on the US-American FPA forums: https://www.forexpeacearmy.com/forex-reviews 🙄
AWT Whales
in
Trading Systems
Oct 16, 2020 at 13:27
Haha, your link doesn't show us anything but useless search results on their pages, nothing about the company. Maybe you should learn on how to use the internet correctly. LOLHere's the correct link again: https://www.nfa.futures.org/BasicNet/basic-search-results.aspx?rnd=7975.888807018808As you can clearly see this company has no NFA regulation.
AWT Whales
in
Trading Systems
Oct 16, 2020 at 09:02
No, it's not. See attached screenshots from the NFA pages.
BOT 1
in
Trading Systems
Oct 16, 2020 at 08:44
That's not profit, that's deposits:https://www.myfxbook.com/files/marco_mmbiz/gain.png
High Leverage
in
General
Oct 16, 2020 at 07:57
The higher the leverage the higher the dependence on brokers' liquidity providers. And lp's always want you to lose, because they want to make money. For a bank a broker is always a good investment. So, choose your leverage and lot-sizes wisely. Using a max. account leverage above 1:500 and lot-sizes above 100 is just gambling not trading. 😉
Which Broker is Best for High leverage ?
in
General
Oct 16, 2020 at 07:52
I would not recommend higher leverages. 1:30 up to 1:500 is okay. More than 500 is just gambling.
EPVG
in
Trading Systems
Oct 14, 2020 at 07:16
You should close some of your open trades, mate. Your DD is way too high.
Do I need to be registered if I am looking an investor?
in
General
Oct 09, 2020 at 11:49
There are only 3 options being allowed to trade money of other people:1. Pass a pro-course of an investment bank and/or an official registered pro-trader and apply for a license at your local financial regulator. Only after a proper license registration you'll be allowed to trade with clients' funds.2. Take the broker of your choice and open a PAMM or MAM account on it. Other people will see if you're good and will then invest into your account.3. Search for a good local prop-trading-company. If you're good they might invest into you as their prop-trader.
PipsSniperDotCom
in
Trading Systems
Oct 07, 2020 at 13:13
Why your system opens nearly 80x 0.64lot trades at the exact same time? What kind of trading is that? 😲
Mt4-29967464
in
Trading Systems
Oct 07, 2020 at 08:21
It's still a demo account, so don't worry that much. Just try with a new demo account again. Always think about your own strategy. A good strategy is not depending on a FOMC Meeting but on your own money management. As I can see you had way too huge gold trades opened without trading/closing them in a proper way.
High Profit Robot Ea
in
Trading Systems
Oct 06, 2020 at 11:56
You're welcome. Fingers crossed for you that it will still be alive in a few months. ;-D
RoFx
in
Trading Systems
Oct 06, 2020 at 09:50
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