who withdraws money 24/5, 24/7?

Mar 12, 2018 at 06:20
2,377 Views
48 Replies
Member Since Feb 22, 2011   4862 posts
Mar 29, 2018 at 11:15
SloveniaRules posted:
yeah but if the markets go crazy and you need an emergency withdrawal then you may have to do it at night

Do not confuse withdrawal with trading.
If markets go crazy your money and risk management applies and you close positions according to your rules.
You can the withdraw at any time.
Member Since Feb 12, 2016   427 posts
Apr 02, 2018 at 13:18
I think the market has nothing to do with the withdrawal of funds as long as you don't place your money in a certain position. If you don't trade your money, it doesn't matter for the market if it'll stay in the account or it will be withdrawn ....
Accept the loss as experience
Member Since Dec 11, 2015   1487 posts
Apr 03, 2018 at 05:55
TiffanyK posted:
I think the market has nothing to do with the withdrawal of funds as long as you don't place your money in a certain position. If you don't trade your money, it doesn't matter for the market if it'll stay in the account or it will be withdrawn ....

I agree, withdrawing and trading are two very different things, I not sure how they can get conflated. 😕
Member Since Apr 18, 2017   718 posts
Apr 03, 2018 at 06:16
TiffanyK posted:
I think the market has nothing to do with the withdrawal of funds as long as you don't place your money in a certain position. If you don't trade your money, it doesn't matter for the market if it'll stay in the account or it will be withdrawn ....

Actually, retails traders are only 10% (even less)! So, there is no impact at all.
Member Since Apr 18, 2017   920 posts
Apr 03, 2018 at 06:22
togr posted:
SloveniaRules posted:
yeah but if the markets go crazy and you need an emergency withdrawal then you may have to do it at night

Do not confuse withdrawal with trading.
If markets go crazy your money and risk management applies and you close positions according to your rules.
You can the withdraw at any time.

Yes, if we are in a transparent Forex broker! Market maker brokers are unfriendly on withdraw issue!
Member Since Dec 11, 2015   1487 posts
Apr 04, 2018 at 06:10
AniLorak posted:
togr posted:
SloveniaRules posted:
yeah but if the markets go crazy and you need an emergency withdrawal then you may have to do it at night

Do not confuse withdrawal with trading.
If markets go crazy your money and risk management applies and you close positions according to your rules.
You can the withdraw at any time.

Yes, if we are in a transparent Forex broker! Market maker brokers are unfriendly on withdraw issue!

That is why it's so important to research your broker extensively. Don't just sign up because they're promising you good conditions.
Member Since Feb 22, 2011   4862 posts
Apr 04, 2018 at 08:23
That is quite different topic.
It should read ... Which broker to choose to get your money back
And this would be a long story
Member Since Apr 04, 2018   10 posts
Apr 04, 2018 at 10:57
Most brokers are generally OK. Just make sure they are regulated in a proper country (not some island in the middle of nowhere)
Member Since Dec 23, 2019   21 posts
Feb 08, 2020 at 16:11
I am trying to do that from time to time and I can say to you that I am pretty successfull in doing that things totally and completely anyway for many reasons which are presented here. Who else do this? For sure it's Skrill/Netteller anyway.
Member Since May 10, 2018   90 posts
Feb 08, 2020 at 22:44
Fight4noob posted:
Most brokers are generally OK. Just make sure they are regulated in a proper country (not some island in the middle of nowhere)

Easy said than done if you are from the US. Ugh
Member Since Oct 20, 2018   300 posts
Feb 09, 2020 at 22:06
I can withdraw 24/7. what`s the problem with this?🙄
momchil_slavov@
Member Since Feb 22, 2011   4862 posts
Feb 10, 2020 at 09:09
24/7 withdrawal is not necessarry. It is OK to withdraw money once per month.
Of course in case you are moron who risk it all it is wise to withdraw 3 times a day or even not deposit at all :)
Member Since Feb 10, 2020   11 posts
Feb 10, 2020 at 12:57
I think it is safest to move money out of broker as soon as I have made a few thousand profit. I am too concerned that broker will screw me over and not allow withdrawal
Member Since Aug 05, 2019   50 posts
Apr 14, 2020 at 12:36
momo3HC posted:
I can withdraw 24/7. what`s the problem with this?🙄
I use turnkey forex. I can withdraw with them 24/5 though, withdrawals have been on time always till date. Which broker do you use?
Member Since Aug 05, 2019   50 posts
Apr 14, 2020 at 12:37
momo3HC posted:
I can withdraw 24/7. what`s the problem with this?🙄
I use turnkey forex. I can withdraw with them 24/5 though, withdrawals have been on time always till date. Which broker do you use?
Member Since Sep 26, 2019   23 posts
Apr 14, 2020 at 20:06
Is there so big need to do that? MAybe I am not understanding what is what entirely....You can really simply keep all that in your balance and that would be that absolutely and possibly, no? Let's move on with that if you need;)
Member Since Apr 15, 2020   83 posts
Apr 15, 2020 at 05:12
A good broker gives you the opportunity to withdraw money when you need it without restrictions.
Member Since Dec 20, 2014   45 posts
Apr 15, 2020 at 11:11
togr posted:
24/7 withdrawal is not necessarry. It is OK to withdraw money once per month.
Of course in case you are moron who risk it all it is wise to withdraw 3 times a day or even not deposit at all :)

There isn't a set rule for withdrawals, i withdraw when i need money, this can be on a daily basis or monthly, i have stayed for three months without a single withdrawal
Proverbs 22 vs 29
Member Since Mar 02, 2020   14 posts
Apr 17, 2020 at 13:02
as far as I know 24/5 is the most popular option. 24/7... sounds too good to be true.
Member Since Mar 03, 2020   9 posts
Jun 19, 2020 at 04:54
yeah every regulated broker should have 24/7 or 24/5 money withdraw option
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