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Posts by
stevetrade
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Activ
in
Trading Systems
Oct 29 at 08:59
Account closed and profits withdrawn due to a change in trading conditions at the broker, i.e. slippage on entry and exit
FP 1
in
Trading Systems
Oct 29 at 08:58
Account closed and profits removed due to changed trading conditions at broker, i.e. slippage on fills and exits.
Where to find investors?
in
General
Oct 19 at 11:21
That all depends on the risk taken on the accounts and the consistency over time. Any sophisticated investor would be happy with what would equate to an annual return of 30-40% if it was consistently delivered over a number of years with little drawdown on the account.
Oanda 3
in
Trading Systems
Oct 08 at 09:39
Some nice trades last Friday. :)
$200 to $1 MILLION
in
Trading Systems
Sep 30 at 10:12
It's a demo account and the expectancy is 0.5 pips. Hard to say without being able to see the trade history but this could be an arb EA. Regardless 0.5 pip expectancy on a demo account doesn't feel like it's reproducable from my experience. Open up the trade history so we can take a look 😄
Where to find investors?
in
General
Aug 14 at 15:34
You could start by sharing some of your verified accounts on here so that people can see your performance and judge for themselves if they want to invest with you. That would be a good start. Then be active, and helpful.I used to be super active on here and I'd have people messaging me constantly asking me to manage their accounts.
How do the banks affect the forex at news events?
in
General
Apr 05 at 17:58
In the currency markets, market makers facilitate trading by providing liquidity. They do this by constantly offering to buy or sell currencies at publicly quoted prices. Market makers make money through the bid-ask spread—the difference between the buying and selling prices. Supply and demand dynamics determine the prices at which market makers are willing to buy and sell currencies. When demand for a currency increases, its price rises; when demand decreases, its price falls. Similarly, when the supply of a currency increases, its price falls; when supply decreases, its price rises.Mar...
How to Spot the Red Flags!
in
General
Mar 15 at 12:54
If it's prop firms then he will have pass and payment certificates in his name for every account he has passed and got payment for in his name. If he does not have a decent history of these without gaps I would be suspicious of his ability to consistently generate profits.
How to Spot the Red Flags!
in
General
Mar 15 at 12:49
Yep that is true. No reason why he has not connected them while trading though.
Nova Funding
in
Prop Trading Firms
Mar 01 at 11:59
Update 01/03/2024: Nova have now paid the payment that is missing. I've upgraded them to a 3. If they continue to pay and get better at it, I will further upgrade them.
Getting Started in Trading: Lessons Learned from 16 Years in the Markets
in
New Traders
Feb 23 at 11:14
I've been pretty quiet on here for a while now. I thought I might start taking a more active part in the community again, so I wrote this for any new traders who might need help.Embarking on a journey in the world of trading can be both thrilling and daunting. Over the past 16 years, I've navigated the ups and downs of the markets, learning valuable lessons along the way. Here are some insights and tips that I've gathered throughout my trading career, which may help those who are just starting out:Education is Key: Before diving into the markets, it's essential to educate yours...
How do the banks affect the forex at news events?
in
General
Feb 23 at 10:43
It's generally considered that the banks do use news releases to move the market in the direction that suits their order book. Which is the general consensus on the market as a whole. The banks and big players go through a period of accumulation of positions and then a sell-off of these positions. It's far more complicated than this in reality, but always remember you are not the one in control of the markets.
INGOT Brokers
in
Brokers
Feb 22 at 10:00
I opened an account with Ingot in November 2023, funded it with $6000.I didn't end up trading there and withdrew the money in January.They sent me back $5683So basically stole $317 off me.They also cancelled my account with no reason given.I would avoid this broker.
Nova Funding
in
Prop Trading Firms
Feb 20 at 12:30
Inconsistent in paying outOkay, I have a mixed experience with Nova Funding. I currently have two accounts with them.The first account I applied for payout on January 10th ( yes over a month ago! )I received a Payout Approval from Peter in Payouts the very next day!And then nothing, no money no communication, account in review.So I chased it on January 16th, then January 17th.I did get a little confused with the communication as the second account I had was breached on consistency.I then checked back with them on January 25th and just got an auto response from the payouts team.So I emailed sup...
Looking for somebody with coding experience to collaborate with…
in
Programming
Jan 28 at 21:19
Is it currently being traded manually by yourself?
ForexVPS.net
in
VPS Services
May 08, 2022 at 15:20
Took out a server with them last week. There were some mixups with the setup but we managed to get there in the end.Then this weekend I got an email notifying me ( with ZERO prior warning ) that the server had been suspended.I'd already paid for it when I took it out!So they suspended it with no reason and no notification.I'm running live trades on there with open positions.It's Sunday and despite saying they are 24/7 there is nobody around to solve this problem.I'd avoid using them.
Any of the old guard still around?
in
General
Apr 29, 2022 at 09:05
So, I've not been particularly active on here for maybe seven years or so!I've had my head down and been busy getting on with stuff. I recently thought I'd start getting a bit more involved in the community again, maybe try and give some insights from 14 years of trading to the new blood!Just wondering if any of the old guard are around that I used to chat with on here or whether they've all moved on to working at Starbucks or whatever :D
What makes one a Professional Trader?
in
General
Apr 29, 2022 at 09:00
A person can be described as a professional trader when they do it for their profession and make the majority of their income from trading.
Mind or Machine? What’s Better For Forex Trading?
in
General
Apr 29, 2022 at 08:59
Both, only the human mind understands the complexity and variables that go into winning in the FX markets and building the algorithms and using algorithms that can leverage the machine.
5 Things I have learned in 5 years of trading!
in
General
Apr 29, 2022 at 08:57
I've learned one thing. 95% of people lose money.This means that 95% of people are talking out of their backsides.
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