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Posts by forex_trader_173874
PoseidonFX (June 2013 - September 2014)
in
Trading Systems
Jul 30, 2014 at 15:17
Hello again Ana! In your defense, there are an ABUNDANCE of forex scams on the internet. When I worked for FXCM as a broker, part of my job was to expose them and stop my firm from working with scammers. So you are right to be skeptical, and you've asked some great questions. I'm happy to respond to you to make sure everything is clear.To be perfectly honest with you, I am a 24 year old working professional and I have $30,000 in the account. Believe me, I am not rich yet. I don't have millions in the bank. After all, that's why I took up trading 4 years ago! I *need* to...
PoseidonFX (June 2013 - September 2014)
in
Trading Systems
Jul 30, 2014 at 06:46
Hey, there's one more thing that I thought to bring up here. Keep in mind that Myfxbook does not consider deposits and withdrawals in calculating returns, since they use Time-Weighted Return, which is a standard method used by funds who must calculate performance accurately despite client deposits and withdrawals. Just look on the top-left of any Myfxbook page to see this in action ("Absolute Gain" vs "Gain").- Alex
PoseidonFX (June 2013 - September 2014)
in
Trading Systems
Jul 30, 2014 at 06:33
Hey @ana_ane75 , thanks for pointing that out. (Disabling public view of balance was temporary.)As far as why there are withdrawals and deposits - this is my personal account. Much of the deposits or withdrawals are dependent on when I get extra money, or need the money for personal expenses :) For example, if I need to buy a couch, I'll take money from the profits from my trading account. Hope that makes sense and is non-fishy!- Alex
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