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high leverage

YellowStoneFX
Jul 12 2018 at 08:01
10 ieraksti
I used a UK registered broker (which went under) and I was protected by the government. I got all my money back

Professional4X
Jul 12 2018 at 16:22
1189 ieraksti
goyankees85 posted:
 As far as picking a broker, just note and I find it funny that no one has mentioned the following... The broker takes more risk than the client because they offer the leverage. In the case of which a broker goes under, you can kiss you money good bye. Ask the people who lost money even though they werent in CHF pairs when the black swan account happened. No one has shown proof of getting their funds back and FXCM is a REGISTERED COMPANY IN THE US STOCK EXCHANGE NASDAQ. All in all, one needs to find a fool proof system before they even deposit in forex because if you dont, then you will be like tgor and with blown accounts by the dozen. Time will pass and you will have spent so much time and money only to get nothing out of it.


Interesting that you would consider tgor a bad trader with 'blown accounts by the dozen', Especially since tgor is a WELL ESTABLISHED member of the community.

You blew your own acount with a 99.9% DD.



If you are going to participate, at least be somewhat knowledgeable about the subject matter you are discussing.


Pielikumi


If it looks too good to be true, it's probably a scam! Let the buyer beware.
Professional4X
Jul 12 2018 at 16:53
1189 ieraksti
goyankees85 posted:
 All in all, one needs to find a fool proof system before they even deposit in forex because if you dont, then you will be like tgor and with blown accounts by the dozen. Time will pass and you will have spent so much time and money only to get nothing out of it.




I find it interesting that you decided to delete your BLOWN account so that people wouldn't see the proof.












Pielikumi


If it looks too good to be true, it's probably a scam! Let the buyer beware.
Professional4X
Jul 12 2018 at 16:54
1189 ieraksti
Like I said. If you are going to participate, then you should at least be knowledgeable about the subject matter. Thank you.

Also... Here is the link to the archives of the discussion for your blown account. Enjoy.


https://www.myfxbook.com/community/trading-systems/iggymon/1639844,1

If it looks too good to be true, it's probably a scam! Let the buyer beware.
Downtobusines
Jul 13 2018 at 07:35
10 ieraksti
This isn't the first and won't be the last blown account. I doubt that leverage has anything to do with it. Just poor risk management

Professional4X
Jul 14 2018 at 02:28
1189 ieraksti
Downtobusines posted:
This isn't the first and won't be the last blown account. I doubt that leverage has anything to do with it. Just poor risk management



Trading MULTIPLE full lot sizes on a $200.00 account? That's a newbie trader trying to get rich quick.



High leverage trading and a complete lack of risk management and absolutely NO MONEY MANAGEMENT.
 
ESPECIALLY against the GBP/JPY pair. That's a great way for a newbie trader to blow an account.




Pielikumi


If it looks too good to be true, it's probably a scam! Let the buyer beware.
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