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- Profit Daily commented Oct 12, 2015
Of course aud is not listening. If you do not learn a thing about trading, but simply do the opposite of what these "experts" say, you will be rich.
- Profit Daily commented Jan 26, 2015
. Let me provide an actual example. Today, I want to long usdjpy I have 10k allocated for forex trading in my bank account. I want to risk 2% ($200). I am going to use a 40 pip sl. This equates to 5 mini lots. My margin requirement is $100, however ...
- Profit Daily commented Jan 25, 2015
Great post from a non_US trader: If I had to trade under their rules and margin, trading FX would not pay my bills. Not only am I able to hedge drawdowns, but I can take off portions of large positions I have scaled into, right near the pullbacks ...
- Profit Daily commented Jan 25, 2015
url lol. we are lowering leverage. When real brokers, who are better regulated and actually protect client funds are returning to normal. This shit is too funny. The NFA is such a joke.
- Profit Daily commented Jan 22, 2015
Yes, someone needs to explain this to the geniuses at the NFA. They claim they are protecting the trader, when in essence they are putting us more at risk. To protect us, they need to put the leverage back to 200:1 so we can keep our capital in our ...
- Profit Daily commented Jan 21, 2015
That is my point. Why put 10k with a broker when I can execute the same size trades offshore with 1k. The other 9k stays in my forex dedicated account until if/when I need it.
- Profit Daily commented Jan 21, 2015
Risking 2% of the money you have with the broker will keep leverage low. But as I've explained numerous times, the safest thing to do is keep your "forex account" in your bank and transfer only the money needed for margin on your active trades. So ...
- Profit Daily commented Jan 21, 2015
AS I mentioned earlier here are the options in the US: FXCM- no need to comment Forex.com- market maker fined many times. Stop hunting, freezing platforms, widening of spreads. They made money last Thursday Oanda- see above Interactive Traders- ECN, ...
- Profit Daily commented Jan 21, 2015
And exactly why does the NFA feel they have the right to regulate the world?
- Profit Daily commented Jan 21, 2015
I would love to trade with Dukascopy if I could. Used them for about a year before they stopped accepting US. But the NFA is right, it's much better to trade with these US brokers than a SWiss bank which guarantees your funds to 100K CHF.
- Profit Daily commented Jan 21, 2015
Then I'll move. lol Yeah, the lack of regulation really bothers me, since I see how well it works here.lol We are down to 4 brokers in the US. 2 are market makers that hunt stops, widen spreads and freeze the platform, one ecn requires 10K and has ...
- Profit Daily commented Jan 21, 2015
Sure i use high leverage with my broker, but as a percentage of my forex account, risk is the same. I just keep the money in my bank instead of broker account. That's where it is safest.
- Profit Daily commented Jan 21, 2015
Other than the fact I have to put up 10 times the margin to execute the same size trade. As of now, those funds stay in my bank. How could this be a good thing to deposit 10 times more money with a broker not protecting your money.
- Profit Daily commented Jan 20, 2015
Amen. Unfortunately, I live here. First, I couldn't play online poker, now I can't trade forex. The funniest thing when visiting a brokers site is the disclaimer "we do not accept citizens from the United States, Iraq and North Korea" That's the ...
- Profit Daily commented Jan 20, 2015
See my above post. You will have to trade with an unregulated broker. However, the regulation in the US does not protect or help us anyway. So if I'm not protected, I'm going to go where there are better trading conditions. If they really WANTED TO ...
- Profit Daily commented Jan 20, 2015
Made a withdrawal from my non-US broker very late Friday. The free of charge wire hit my bank before 10AM this morning. I am sure it would have been there yesterday if no holiday. High leverage, no FIFO, hedging (I don't hedge, but could if I want) ...
- Profit Daily commented Jan 18, 2015
I sent you a pm
- Profit Daily commented Jan 18, 2015
This is directly from THEIR website under risk disclosure when you buy they are the seller and vice versa, when you win, they lose and vice versa. It's not underhanded- they don't hide it. But when trading with a broker who loses when you win, they ...
- Profit Daily commented Jan 18, 2015
From Oanda's website: When you enter into an OTC Contract with OANDA, you will be entering into a privately negotiated contract with OANDA as principal. This means that OANDA acts as the seller when you buy and the buyer when you sell.
- Profit Daily commented Jan 18, 2015
Did you miss the part where it says OANDA is a market maker. Everyone knows this. How do you not know this?