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Show Your Real Live Verified Profitable Account Here

aeronthomas (aeronthomas)
Jun 02 2016 at 12:49
1557 posts
togr posted:
aeronthomas posted:
A couple more criteria.
7) Accounts must be updated at least each hour (this is to prevent owners from hiding true drawdown figures like some vendors are doing on myfxbook by updating daily or even less frequently).
8) Accounts needs to be on regulated brokers by ASIC (Australia), NFA (USA) FCA (UK), Swiss, I.e. no Belize, St Vincent, Russian, Seychelles brokers.


Well while I understand many of your criterias I don follow with broker regulation. I have account at Octafx, performing great and I have already withdrew more than i deposit. I mean there are couple known brokers where systems has like 10000% FAKE profit like USGFX
But these are rare.
there are plenty of dodgy brokers around they aren't that rare (I consider any brokers that don't pass trades through to the market operating B books as scams. These are often identified as those that offer deposit bonuses, whereby they are trading against the trader and want them to lose, as they then win. If a system can't work on a well regulated True ECN non market maker broker I personally am not interested in it, although others maybe there are other threads with less strict criteria. cheers

neoxis
Jun 02 2016 at 13:03
23 posts
togr posted:
aeronthomas posted:
A couple more criteria.
7) Accounts must be updated at least each hour (this is to prevent owners from hiding true drawdown figures like some vendors are doing on myfxbook by updating daily or even less frequently).
8) Accounts needs to be on regulated brokers by ASIC (Australia), NFA (USA) FCA (UK), Swiss, I.e. no Belize, St Vincent, Russian, Seychelles brokers.


Well while I understand many of your criterias I don follow with broker regulation. I have account at Octafx, performing great and I have already withdrew more than i deposit. I mean there are couple known brokers where systems has like 10000% FAKE profit like USGFX
But these are rare.


When a broker goes bust if is not regulated you can say bye bye to your money. This is the main point why i would always chose a regulated broker, cause deposit will never stay on the company assets but separeted on segregated accounts and controlled by the regulation. I was inside the SNB news on 15 january i wouldn't ever you had an experience like that. But who was inside that time would understand the importance of a regulated broker and the importance to not PUSH LEVERAGE FOR GOD SAKE. You are playing in here. Do trading is not play a game! or show's up a mostruos percent! it's a serious investment and i saw people cry they own over thousends dollars to Alpari uk after the crack. People with 10k deposit and they have to pay to KPMG over 100k. And People complain my stats saying 'but you don't do so much % you don't earn so much or that or this.' IF you want play with your money and you don't know the risk to trade in certain conditions up to you. I just hope you know what are you doing. I was with 40k real account on alpari UK and it tooks 5 months for have them back by FCA. ALWAYS REGULATED IS A MUST. IS NOT A GAME AND SOONER OR LATER YOU WILL LEARN IT!

Change your mind , change your life , change your world.
FXClarity
Jun 02 2016 at 13:23
15 posts
A very good post and so very true - the SNB tsunami was a lesson in why using leverage beyond 3:1 is suicide.

For many, the fixed stop losses were useless as liquidity dried up and price just shot through stops like a hot knife through butter.

I'm a signal provider on two on the more popular sites and still there are precious few who can offer a verified track record of over 12 months trading.

Why? - Most over leverage trying to build small accounts into large ones too quickly.

Arguably the greatest investor in the world, Warren Buffet had a long standing track record of achieving around 20% return year after year. Yet the hype around FX suggests people can achieve 10%+ per month - sure its possible but its likely your account won't be around for too long to ever truly benefit from compound growth.


togr (togr)
Jun 02 2016 at 13:30
4862 posts
aeronthomas posted:
togr posted:
aeronthomas posted:
A couple more criteria.
7) Accounts must be updated at least each hour (this is to prevent owners from hiding true drawdown figures like some vendors are doing on myfxbook by updating daily or even less frequently).
8) Accounts needs to be on regulated brokers by ASIC (Australia), NFA (USA) FCA (UK), Swiss, I.e. no Belize, St Vincent, Russian, Seychelles brokers.


Well while I understand many of your criterias I don follow with broker regulation. I have account at Octafx, performing great and I have already withdrew more than i deposit. I mean there are couple known brokers where systems has like 10000% FAKE profit like USGFX
But these are rare.
there are plenty of dodgy brokers around they aren't that rare (I consider any brokers that don't pass trades through to the market operating B books as scams. These are often identified as those that offer deposit bonuses, whereby they are trading against the trader and want them to lose, as they then win. If a system can't work on a well regulated True ECN non market maker broker I personally am not interested in it, although others maybe there are other threads with less strict criteria. cheers

Sure. My point was that system that works on unregulated broker should work on regulated as well.

togr (togr)
Jun 02 2016 at 13:37
4862 posts
FXClarity posted:
A very good post and so very true - the SNB tsunami was a lesson in why using leverage beyond 3:1 is suicide.

For many, the fixed stop losses were useless as liquidity dried up and price just shot through stops like a hot knife through butter.

I'm a signal provider on two on the more popular sites and still there are precious few who can offer a verified track record of over 12 months trading.

Why? - Most over leverage trying to build small accounts into large ones too quickly.

Arguably the greatest investor in the world, Warren Buffet had a long standing track record of achieving around 20% return year after year. Yet the hype around FX suggests people can achieve 10%+ per month - sure its possible but its likely your account won't be around for too long to ever truly benefit from compound growth.



LOW leverage is in fact dangerous. WTF I am saying that?
It is simple - to get the same profit you need to invest and thus risk more money.
Lets say you wont to trade 1 lot of eurusd with SL/TP=100 pips.
With leverage of 1:3 you need 100000*1.12/3= $37,000 to cover the margin so you have to have account of $40,000 to trade 1 lot.
You are risking these $40,000 as anything could happen.
With leverage of 1:500 you need 100000*1.12/500= $224 to cover the margin so you have to have account of $1000 to trade 1 lot.
You get the same profit or loss on both accounts. Lets say $100.
For 40k account it is just 0.25%
For 1k account it is 10%.

So it is much better to have 40 accounts of 1k with high leverage and diversified portfolio of broker/pairs/strategies than have one 40k account.


FXClarity
Jun 02 2016 at 13:50
15 posts
Respectfully...I disagree but that's just my view - yours maybe completely different 😄

aeronthomas (aeronthomas)
Jun 02 2016 at 13:57
1557 posts
thanks for input guys can we try to keep on topic, ie accounts that meet criteria. cheers

togr (togr)
Jun 02 2016 at 14:31
4862 posts
aeronthomas posted:
thanks for input guys can we try to keep on topic, ie accounts that meet criteria. cheers

sure

togr (togr)
Jun 02 2016 at 14:31
4862 posts
FXClarity posted:
Respectfully...I disagree but that's just my view - yours maybe completely different 😄

Well I would like to discuss it and I opened new topic for that

ritza
Jun 03 2016 at 08:24
3 posts
aeronthomas posted:
ritza posted:
https://www.myfxbook.com/members/ritza/0-2-hero/1513792
unfortunately neither of these accounts can be viewed as they are set to private.


It's only one little tinny account and I am not very knowledgebeable about this account stuff. So I hope now it is public.

Topic is locked