BoneTrader's Posts

Trading the cryptocurrencies Bitcoin,Etherium, Litecoin etc.... in Crypto Dec 17 2017 at 08:18

I already regret starting this discussion, but whatever... There is no way back now.Let me reply in the your style - Did the banks collapse with the Stock Markets joining the game? Did any of the banks collapse when Market introduced Futures, Options, CFDs?The answer is No. No, they got bigger and stronger with each new technology or Financial Instrument being introduced. So why would you expect that banks would collapse now? As I said, you do not have proper vision of what Bank is, as an Institution.The Bank is not about cash or money in any Currency. It is about relationship between two pers...

Trading the cryptocurrencies Bitcoin,Etherium, Litecoin etc.... in Crypto Dec 14 2017 at 08:24

That's a Bullshit. Neither Bitcoin, nor other crypto-currency has any potential to replace current financial system. If you have some advanced knowledge about either of How Finance works nowadays, or How Blockchain technology works, you would never say that it has potential to replace the Cash.Current system is based 100% on full identification of the customer. You open an account with any bank, you have to identify yourself. You make a transaction - you again have to identify yourself. And this is done not for the Banks to make tons of money, which they definitely do. It is first of all m...

Which Broker to choose for US resident? in Experienced Traders Feb 08 2017 at 07:47

@togr Because non-US brokers usually do not let US residents to open accounts.

Which Broker to choose for US resident? in Experienced Traders Feb 02 2016 at 12:16

Your = you're, so pity there is no option to edit post.

Which Broker to choose for US resident? in Experienced Traders Feb 02 2016 at 12:16

@Garbriel21 What's the size of orders your dealing with? Is it always more then 1 full lot or less?LMAX does not trade orders less then 1 lot, so if your are trading with less, it means your facing DD on the other side. Just FYI.

Which Broker to choose for US resident? in Experienced Traders Jan 16 2016 at 17:33

@price_action Thanks! That definitely helps a lot.

Which Broker to choose for US resident? in Experienced Traders Jan 12 2016 at 07:18

@wjwhite14 @price_action Thanks, I just gave a quick glance at OANDA and it looks pretty good and interesting for their free APIs. But I couldn't find their account descriptions, could you please link it for me? Thanks.

I want only a safe 4% each month... Which EA?? Thank you in Experienced Traders Jan 08 2016 at 18:21

Well, the fact that you disagree doesn't change the real matter of things, hope you can agree at least to this postulate.And all the persons in your list might be professional money managers, who definitely know "fishing" well, so they can feel fish in the water, they have decent rods and all the other stuff, so OK, you might go and "hire" them to fish with your rods too and if you are lucky they will bring you food constantly. The question is how many rods can they manage to fish with? If they are as good as you say, why do they manage only millions and not billions? W...

I want only a safe 4% each month... Which EA?? Thank you in Experienced Traders Jan 07 2016 at 08:30

Forget about percents and safe things when you speak of forex trading, please. There is no such a thing. Go back to work and get salary every month, that's fixed and safe.Forex is like fishing, there always is fish in the ocean, but you can not just go and get as much as you want and whenever you want. You have to hunt, you got to be patient and wait for it, and when it comes you should be ready to do everything to grab it. Once it's gone you should not chase it, just wait for the next try. That's how it works. You see fish - you grab it. If you are lucky enough you are fed, if not...

Which Broker to choose for US resident? in Experienced Traders Jan 05 2016 at 07:30

Hey, not sure it would be new Booster, due to specific requirements to US residents all brokers ask for the minimum of 2000$ deposit, I can not afford this amount to risk. :)Regarding Tallinex - this broker is in offshore zone, meaning it is not regulated by any "good" authority, so why should I open account with them when I can open one at regulated broker? For example FXCM, recommended couple of posts above is much better regulated broker with the same requirements and commissions. I just want to know why Tallinex is that popular?

Which Broker to choose for US resident? in Experienced Traders Dec 30 2015 at 15:56

Hi,I've moved to USA couple of months ago and hope will stay here for a long term. I wish to trade on Forex and as I know there are som especial regulations regarding US residents trading on Forex, so which broker should I look at, or maybe there is some good topic regarding Forex Trading for US residents that I ought to read?Thanks for your help in advance, have Happy New Year!P.S. Are here any traders from USA? :)

is it possible to turn $100 to $1000 in 4 weeks ? (real account) in New Traders Jan 29 2015 at 07:57

I apologize, but it is dumbest plan I've ever seen... Even my 6th grade daughter can calculate it easily. Yes sir, you will be sitting on one account, the one gone from 100$ to 12,800$. The problem is that it is cent account, and all you will achieve is gathering all of your 128$ on one account, nothing more.

is it possible to turn $100 to $1000 in 4 weeks ? (real account) in New Traders Jan 05 2015 at 12:38

@Cholipop Noobs you say? But what about the pro ones, there was no gap on their charts? :) Or you split traders for noobs and pros by the direction of their trades at Monday morning? :)The MrGAP is another proof that risk management is something bigger then putting all your capital on a broker's account and rely only on SL order... Think about it.

is it possible to turn $100 to $1000 in 4 weeks ? (real account) in New Traders Dec 27 2014 at 21:20

http://en.wikipedia.org/wiki/Dan_ZangerIt might be interesting for all of you. If there is any goal, then this is the highest one, to beat Dan's score. Anyone want to challenge him? :)

is it possible to turn $100 to $1000 in 4 weeks ? (real account) in New Traders Dec 17 2014 at 13:25

My bad! 0.4lot per 100 pips = 400 usd, not 4000, and there are ~25pips to lose it.

is it possible to turn $100 to $1000 in 4 weeks ? (real account) in New Traders Dec 17 2014 at 09:40

100USD with 1:500 leverage = 50000USD, EUR/USD @1.25 = ~40000EUR = 0.4 lot, if you manage to catch 100pips movement it is equal to 4000USD profit :) but just 1-1.5 pips against your position and considering spread - it will blow your starting deposit in a moment.

is it possible to turn $100 to $1000 in 4 weeks ? (real account) in New Traders Dec 15 2014 at 13:42

@togr still I doubt that marketmakers use an EAs for trading. That outbalances all the trades that EAs execute at the moment.

is it possible to turn $100 to $1000 in 4 weeks ? (real account) in New Traders Dec 15 2014 at 13:25

why so serious and strict? :) Machines are still far from behave as real AI so the day when robots will totally replace human even only on market is still far...

is it possible to turn $100 to $1000 in 4 weeks ? (real account) in New Traders Nov 24 2014 at 08:08

If someone could not get the message in above post was - 95% of traders are not successful, so you need to start think different to succeed.

is it possible to turn $100 to $1000 in 4 weeks ? (real account) in New Traders Nov 24 2014 at 08:07

@Matt: :)) Nice calculations, it reminded me of one of discusses with friends regarding "probability of getting XX times black/red in a row in roulette" or "probability of rolling "6" on dice XX times in a row". Although we could not get to consensus, we had distinct two versions, both were more or less good. One was doing calculations like you did and getting very small probability of doing that. Another said that each roll of the dice or roulette was separate case and probability in each case had to be calculated separately and was something like 50% for roulett...

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All Quotes
AUDUSD	0.69415	USDCHF	0.95848
EURJPY	142.67	EURCHF	1.01155
EURGBP	0.8599	GBPJPY	165.898
EURUSD	1.05542	GBPUSD	1.22721
USDJPY	135.194	USDCAD	1.28939

EURUSD	1.05542	GBPUSD	1.22721
USDJPY	135.194	USDCAD	1.28939

Posts by BoneTrader