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Types of scams
v
Obecné
Jun 02 at 15:19
1.Unrealistic amazing results here on Myfxbook and they post their contact details (like Telegram username). When you contact them they offer you to copy their trades for a fixed payment. It's usually a big yearly payment. The account is live and verified, a real broker etc, BUT, they have 2 accounts that hedge one another. They show you only the profitable one.2. Same model as the mentioned above, but they sell you an expert advisor or offer that you deposit your money to their broker (obviously a scamming one)Comment with more!
About to try Wemastertrade Instant propfirm
v
Obecné
May 11 at 14:38
Think about the business model of prop firms. Think well!
How to become emotionless trader?
v
Obecné
May 11 at 12:56
There's only one way to become emotionless trader: stop trading manually. Trading manually is the best way to lose money. You can't even back test your strategy manually, so how can you possibly know that it's profitable?
Why do some people lose money in trading?
v
Obecné
May 11 at 12:52
People lose money because they don't back test before going live. Without a profitable back test (not over-optimized!) there is absolutely no way to know if the live trading will be profitable of not.
Show your profitable account here.
v
Obecné
Jun 06, 2020 at 11:06
Amazing!
Artificial General Intelligence V.7.0
v
Obchodní systémy
Mar 05, 2020 at 09:34
How can one invest in you and what is the absolute minimal sum?
Translate an EA from mql4 to mql5.
v
Programování
Jan 09, 2020 at 18:22
the EA is about 2200 lines and uses arrays.
Slippage
v
Obecné
Jan 09, 2020 at 18:18
Friends, please comment the slippage that you encountered and don't forget to tell exactly when, what instrument (short or long), and what broker and platform. This way we can share this important data and compare our trading condition. *Slippage is the difference between the price of the order and the actual price at which the order is filled. Big slippage can happen during high volatility and low liquidity moments.
Why are ECN demo accounts not taken as proof of performance?
v
Obecné
Jan 09, 2020 at 09:39
They actually can be identical to live accounts! Unless your strategy is prone to big slippage - trades during high volatility or low liquidity times. In the latter case never trust a demo account.
How to recognize a Forex Scammer ?
v
Obecné
Jan 09, 2020 at 09:38
Unrealistic promises + they sell you something that can make money for you (either tools or knowledge)
scalping is risky ?
v
Obecné
Jan 09, 2020 at 09:37
I disagree. Scalping can be less risky, because it helps diversifying the risk.
Trading Target
v
Obecné
Jan 09, 2020 at 09:35
It depends on so many factors
using leverage
v
Obecné
Jan 09, 2020 at 09:35
I use 1:30 on my EU broker, but this really makes it harder to faster grow a small account. AU brokers still offer high leverage.
Useful Resources
v
Obecné
Jan 09, 2020 at 09:33
http://www.investing.comhttp://www.dailyforex.comhttp://www.forexpeacearmy.comhttp://www.investopedia.com
Show your profitable account here.
v
Obecné
Jan 09, 2020 at 07:05
Crazy returns mean nothing. People should look at the Sharpe Ratio and the statistical representativeness on the whole. For example, a system whose return is 1000%, but is working only 2 months (Dec. 25 till Jan 5 is also considered 2 months) and made many trades, but they all are in one direction. How do you know that it's not just one trade split into many? Because if it is then all the above said return is nothing but luck.
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