Perhaps the USD will have enough strength this week to push the EUR / USD to 1.2336 or 1.2240. Resistance 1.2398 will prevent the price from returning to an uptrend. I expect positive news from the US labor market today, as well as the performances of FOMC Members. The news background may be dense today.
ovisun posted: Most probably this is a pamm account and those small withdrawals are done by followers, not by Kevin Murdoch.
Most probably results are manipulated. Look at the broker, absolutely no regulation. Isnt it strange that every time an account looks great, it deals with an unregulated broker? Always the same story.
I suggest the manager goes to FCA or ASIC regulated broker and duplicates the results. Then they will have legitimacy, this could very well be just another scam like SakuraFx for example...
I visited the broker's website, saw the pamm accounts. I can not say that everyone is absolutely profitable. There are different statistics. As for me, I do not see the point of showing an account if it is not profitable
I am not saying they are manipulated, I am just saying that with brokers like his, the results could easily be manipulated so I do not trust them. If anyone wants to invest, ask the trader to open an account at an FCA regulated broker and replicate the trading. It will take a week max to make sure the trading is real. If this trader is looking for investors, this wouldnt be too hard to do and would only help him get more clients.
I have seen these kinds of accounts many times and the funny thing is they are always at some no name brokers and after a while, they just dissappear. I can name you at least 5 accounts that were doing great for a while, even a few years but in the end they were gone over night. Either the broker just dissappeared or they show a blown account that happened over night.
Either way you can never be sure if its real or not when trader is dealing with a broker in Virgin Islands, Vanuatu or any other place like that. They can be gone with your money tomorrow and you will be left with your d*** in your hand. If anyone wants to take a risk thats fine, but they can only blame themselves if they loose their money.
The account I downloaded is not my single account. I traded with other brokers as well. Not all my strategies and developments give such a good profit. I don't want to show my developments, because it is not disclosed. A new account opening isn't expedient for me. I have a long time history and I need the same conditions to repeat the result. I don't share the opinion of the FCA and the incompetence of other regulations. My colleagues suffered losses on the FCA broker as well. The market is one for all and the essence is not in regulation, but in the skill of the trader.
EurUsd RSI showed oversold, but the price crossed moving (48) (D1). I see the possibility of a decline to 1.1917. Even if the price is repelled by support of 1.2000, I think that the market will still reach the level of 1.1917 and 1.1750 below.
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.