These types of accounts are relevant for standard trading terms on Forex market, and work without a fee. Once the trader accesses all trading tools, he pays a fixed spread, when settling each deal.
Insta.Standard accounts work for all types of traders and allows a deal to be settled with a classical spread and no fee. The main advantage of this type of account is its universality, as at any time a trader can change the trading leverage and work with any deposit rate convenient for him. The capabilities of the account allow trading with Micro Forex (minimum deposit 1-10 USD), Mini Forex (minimum deposit 100 USD), and Standard Forex (minimum deposit 1000 USD). </quote>
Around mid December FMT started making bad trades. That's when the first losses came. I stopped trading FMT for a while. I didn't trade Blessing during the holidays and there were a few open baskets I left running until they closed. Two of those I closed manually for a small loss. Then I increased lot size in Blessing and had 3 consecutive EP hits. Ouch... That's when I withdrew about half my money. This last drop was me being just plain stupid taking enormous risk testing Forex Growth Bot.
Anyway, I realize now that I had a very lucky run with Blessing and that I was relying too much on the profits made by FMT. I need to rethink my strategy for Blessing. I need a much larger account to run Blessing safely with my set files. I'm also wondering about using microgrid set files on a small account. I might test that next.
Thanks for the advice mate. I'm just trying to get the feel of a few EAs and how they trade live. This account will blow sooner or later... It's trading on 15 pairs using 10 different EAs. A few bad trades and I get a margin call.
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.