DislikedI see there is not to many people afected by the new law of Mr, Obarrama to repatriate all the moneys back to USA, in the start of his presidency he repratiate al the money from offshore acc's, mandate health care and now this, they tranfer my acc back to FXSolutions US from UK without a signature or a tranfer form being fill, I wonder was is next for the sheeps here in the USA of america, the bigest free democracy in the world, what a joke, where can I go? with my bad english, guys, recomend me a place please, thanks in advancehttp://cdn.forexfactory.com/images/smilies/yim/sad.gif
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But, to answer your question, I have an account at FXOpen. They have both types of accounts, market maker and ECN. And they have the Metatrader4 trading platform. They also allow you to trade 1/10 micro lots. I even noticed in the drop down meny lately that you could possibly trade even smaller than that. Trading with 1/10 micro lots has allowed me to do hundreds of trades in the past months. I'm also getting to a point, which I've probably said a hundred times that I'm finally getting close to being a profitable trader. This time I really think it's just a matter of time before I'm finally profitable. But I owe this to practice with trades using small amounts of money. Had I traded larger, I would have taken losses that maybe would have taken me out of the markets for good.
For anyone just starting out, just to give you an idea, I took $18 in losses in 6 months by trading 0.10 micro lots. Had that been full micro lots then the losses would have been $180 instead. With mini lots that would have been $1800. With standard lots, the losses would have been $18 000. It boggles my mind why regulators in the US would try to stop people from practicing with small amounts of money. I mean since last May, I think I probably only lost around $5.
I tried unsuccessfully at day trading at a prop firm named TitleTrading for 3 months and can tell you the Metatrader4 trading platform is more stable than the Sterling trading platform they use at various prop firms.
I used bank wire to transfer money to FXOpen though someone said here once he used AlertPay without a hitch. I don't know if AlertPay is still easy to use. I did cost me $30 CDN though to do it in a bank. Anyway, I'm just glad I had the chance to have this much practice because in the next few months, I think I'll finally be a profitable trader. It's kind of weird though to think that it would take that much practice just to organize all my ideas though. I mean how I want to organize my charts, which currency pairs I want to watch, whether I should only do trend following or throw in some contrarian trades in there ect. I've finally got all my ideas organized. I'm just glad the US government have not succeeded in shutting me out because I'm poor especially since I'm a Canadian.