Why Not (by sandctrading) Quick Stats
Gain: +30215.49%
Drawdown: 59.54%
Pips: 60725.5
Trades: 219
Won:
Lost:
Type: Real
Leverage: 1:400
Trading: Unknown

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Why Not Discussion
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Wannabetrader1

Member Since Aug 10, 2019  3 posts Wannabetrader1 Aug 11 at 17:52
I mean its all a speculation we do not know the truth really me included ;)
It is a bit fishy using your own brokerage and of course the insane amounts of cash made are a bit too good to be true scenario.
All and all I just want to give some perspective I do not really care about people making money I actually respect it if its due to hard work.
I would like the guy to be the real deal but who knows It can be easily seen that he is equally interested in making money from promotion and selling products and creating a brand online as he is in making actual money from trading.

G7FX

Member Since Nov 10, 2018  7 posts G7FX Aug 12 at 16:08 (edited Aug 12 at 16:09 )
Carry on at 5000% pm and in 3 months can buy Ferrari ticker symbol RACE

DavidSmith1234

Member Since Aug 15, 2019  5 posts DavidSmith1234 Aug 15 at 02:41
sandctrading posted:
brokersreview posted:
High drawdown 60% and a great risk of losing everything

A little-known unregulated bad broker


High drawdown is fine, i withdrew profits from an early point... so my risk is theoretically 0 my goal was just to see how far it could go. So I dont think a small deposit with a 40k withdrawal is bad at all. As for YLDFX yep it is offshore in order to get 400:1 leverage it has to be due to ESMA regulations in Europe, however the protection and spreads are great.
There are plenty of regulators outside of ESMA, which one are you using?


sandctrading

Member Since Nov 01, 2012  18 posts sandctrading Aug 15 at 16:46 (edited Aug 15 at 16:54 )
This is entertaining David, to the account that was created 14hrs ago...

You clearly do not follow me, it has never been hidden that I am a partner of YLDFX. The deposit page has not been hidden either it was upgraded to add UK intermediaries but for the incompetence here is the link for you: https://www.yldfx.com/bank-transfer/ you can also just click the drop-down on the website.

As a successful trader its the next step to always go DMA (Direct Market Access) and take it to that next step when you have a large following like myself making sure you are accessing the market directly. Its laughable that you think I would spend hundreds of thousands to open a brokerage to fake myfxbook stats lol. I mean jeez who knows someone may buy my book for £15... because that would be worth it.

As for the FCA the company is founded in Nevis so that it benefits from higher leverage accounts, which you cannot do in the UK or Europe and shortly Australia under ASIC for retail traders. I hope that answers your points, as funny as they are. Again doing this challenge is for me and not for anyone else, so you do not have to follow my journey it does not have any effect on you and is not been used as marketing material anywhere.. so your points are very invalid and ultimately I am entitled to trade how I want and with whichever broker I want. So choosing a broker I know im direct market with is fine... If you are the CEO of porsche would you drive any other car than a Porsche? or Tesla if you are CEO of Tesla? but you can check my other stats for results on other brokers too again not that its of your concern.

Verified Says it all
Davidsmith2nd

Member Since Aug 15, 2019  1 posts Davidsmith2nd Aug 15 at 17:10 (edited Aug 15 at 17:10 )
No, the link has been changed to hide your involvement: https://ibb.co/6RJMrWJ

It now just links to new areas with unregulated entities. It must have cost you hundred of thousands because you say it does. I'll take you on your word haha.

The £15 book? How about the £3000 course? A few suckers is worth the effort.

It's not being used as marketing? It's literally on YouTube advertising your products. You can't even do a post without an obvious lie.

The analogy with Porsche is great. Except it doesn't address the crux of the issue. Let me help a little and try not to over-complicate. If the CEO of Porsche (owned by VW, so you may catch on to the relevance) is driving his car that's for an emissions test, you probably wouldn't trust him if he was in control of what emissions were omitted from the vehicle.

Since you're apparently the best trader in history, you could just not have to worry about leverage as you woulds easily qualify to be a a professional. Of course, you'd have to use a broker where you don't have access to the metadata.

The ASIC haven't indicated an increase, and there are other entities. Obviously regulation means you're legit so I can see why you'd want to avoid that.

Standard selling the dream and rinsing people.

Wannabetrader1

Member Since Aug 10, 2019  3 posts Wannabetrader1 Aug 15 at 18:01 (edited Aug 15 at 18:08 )
Well if all is honest and truthful here then Samuel Leach is the simply the BEST trader on myfxbook and youtube above all in performance and knowledge the best results that anybody has achieved so far shared publicly living legend ...
Of course if you want to be like him you need to simply BUY all his stuff and follow him everywhere so he can generate more income.

It just sounds kinda fishy when you read it like that right?
There are too many scammers and opportunists especially social media ''stars' and that is why some of us are suspicious.
You do not have to be defensive people here want to succeed and risk their money and HOPES its normal for some of us at least to try to investigate the facts right?
Not everyone is a blind sheep getting easily excited and believing everything you tell them simply due to good marketing.

I do not care so much if this is real or not or if you are a real gifted truthful guy wanting to help others its all on you and your conscious if you are trying to trick people in any way and there is no running from that. ;)
  
I think you are a cool guy and I wish you good this is not hate its just rational suspicion.

sandctrading

Member Since Nov 01, 2012  18 posts sandctrading Aug 15 at 18:09
Wannabetrader1 posted:
Well if all is honest and truthful here then Samuel Leach is the simply the BEST trader on myfxbook and youtube above all in performance and knowledge the best results that anybody has achieved so far shared publicly living legend ...
Of course if you want to be like him you need to simply BUY all his stuff and follow him everywhere so he can generate more income.

It just sounds kinda fishy when you read it like that right?
There are too many scammers and opportunists especially social media ''stars' and that is why some of us are suspicious.
You do not have to be defensive people here want to succeed and risk their money and HOPES its normal for some of us at least to try to investigate the facts right?
Not everyone is a blind sheep getting easily excited and believing everything you tell them simply due to good marketing.

I do not care so much if this is real or not or if you are a real gifted truthful guy wanting to help others its all on you and your conscious if you are trying to trick people in any way. ;)
  


Damned if you do damned if you don't, yes it would be fishy... although im not using it on any website to promote anything? I do not use it to promote any training or anything else. People will always judge... and to be honest you should probably go judge all the signal providers out there without any stats charging money on a monthly basis. I am simply trading my trading account and documenting it. Thats it... but again no matter what I say someone will always have something else to say.

Thanks for all your support, peace out.

Verified Says it all
pipscalper71

Member Since Jan 14, 2018  69 posts pipscalper71 Aug 15 at 18:23
Look Sam you will always get these trolls that come in to My Fx Book, because for starters they are either 100% jealous of your trading, because they know that they will never duplicate your results or be as good as you are. Or they just simply dont believe anyone can get results like you are getting, because they dont know any better.

 Just keep on trucking as they say and get the account up to $1,000,000 pounds, which I believe is your goal for this account. The only thing that I would suggest is you might want to stay away from trading that 100GPB index, as it has not been very good to you so far in comparison to the GBPUSD. -:)

 

MX181

Member Since Oct 17, 2017  2 posts MX181 Aug 16 at 12:59
Easy when you own the brokerage and you don't pay commission

YLDFX

Member Since Aug 16, 2019  3 posts YLDFX (YLDFX) Aug 16 at 13:07
MX181 posted:
Easy when you own the brokerage and you don't pay commission


For your information, we do not charge any trader commission on our accounts.

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HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment; do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions. Any data and information is provided 'as is' solely for informational purposes, and is not intended for trading purposes or advice. Past performance is not indicative of future results.