I also closed trades early for a little less than 4% loss of the money I was trading with them. If you have a small account then holding during drawdown is no problem but when you are trading large accounts it makes sense to accept a loss rather than risk the whole account on an uncertain outcome. If you are not prepared to accept a loss every now and again then trading Forex is the wrong activity for you. Knowing how to manage a loss is important for any forex trader whether they are trading manually or using an EA.
53.04% is not a large DD ???? 😀😁😀 And they have a 'large amount of cash' which is worth nothing if something go's wrong. After so many years they made $1.4k us dollars in almost 4 years and you say that this is a good system????? 😁😀 Wake up and read the entire numbers. All risks are in your pockets and your high risk setups.
One more simple detail: all your accounts are registered under their IB, so they make money even when you loose money or cut your loses. They make money when you take trades in parallel with their trades on that traded accounts. And all smart traders are copying with large accounts which are linked through BOTs but heeey, that accounts are open under their IB again, once again they make money again. So, .. think twice.
Huge DD (53.04%), balance account value = to pay my rent for one month in Miami FL, -> profit after 4 years? the same = one month of rent in California. Big boys are playing with real money. This system is for kids!!!!!!!!
53.04% is not a large DD ???? After so many years they made $1.4k us dollars in almost 4 years and you say that this is a good system? Huge DD (53.04%), balance account value = to pay my rent for one month in Miami FL, -> profit after 4 years? the same = one month of rent in California. Big boys are playing with real money. This system is for kids!!!!!!!!
Oscar, read what I wrote not what you think I wrote. Big boys can read and understand. They had (past tense, something else that big boys understand), not have (present tense) without a large DD. Yes, recently they did have more than 50% DD but for years before that they didn't. Deposit of $300 and balance now of $1781, that's almost 500% return. Something else that experienced traders understand Oscar is that as an individual you can put in MORE than $300 and make MORE money, enough to pay your rent. I had AUD210,000 with them and walked away with more than UAD90,000 profits. More than enough to pay my rent. Time to bush up on the reading and thinking skills.
Looking back over this thread you get what appear to be FUD posts: -
Simple grid strategy without SL. Swap gradually destroys the account.
A grid strategy combined with martingale recovery style without SL. Swap gradually ads up and all accounts are going under water one by one. Each system has their problems, has bad days weeks or months... this is forex, the banks game with lot of price manipulations, SL's hunt, fake news etc.
Are they just FUD posts or is there any merit to what they are saying?
ADVERTENCIA DE ALTO RIESGO: El comercio de divisas implica un alto nivel de riesgo que puede no ser adecuado para todos los inversores.
El efecto de apalancamiento crea un riesgo adicional y una exposición a las pérdidas. Antes de decidirse a operar con divisas, considere cuidadosamente sus objetivos de inversión, su nivel de experiencia y su tolerancia al riesgo.
Podría perder una parte o la totalidad de su inversión inicial. No invierta dinero que no puede permitirse perder. Infórmese sobre los riesgos asociados al trading de divisas y pida consejo a un asesor financiero o fiscal independiente si tiene alguna duda.
Todos los datos y la información se proporcionan "tal cual" con fines informativos únicamente y no están destinados a fines comerciales o de recomendación.
Los resultados pasados no son indicativos de los resultados futuros.