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Posts by Generous

What is a decent return on a monthly basis for a manged forex account? In New Traders Jun 23 2019 at 05:32
[quote]togr posted: [quote]MbFriday posted: Trading by using traditional trading systems based on rules or technical indicators and implemented, as single decision trees are increasingly ineffective. If investment is a process, then automation is the logical conclusion. I build Algorithms that are Not base on traditional technical analysis, interpretation or prediction elements or based on signals relying on historical data. [/quote] So what are your algos build on? [/quote] Can you please show us your 'revolutionary' AI/Machine learning algorithms 😄? You're posting thi...
ASIC Brokers will DIE ? In General Jun 23 2019 at 05:31
The Australian government has recently given 'teeth' to ASIC to tighten Australian brokerages (brokering services provided to overseas and local clients). I'm not surprised this is happening. I also have a feeling introducing brokers in the distance future (around the world) will be banned.
ASIC Brokers will DIE ? In General Jun 20 2019 at 06:15
A change will occur (nobody knows what yet): https://www.financemagnates.com/forex/brokers/asic-enforcement-of-product-intervention-could-take-up-to-2-years/
Show your profitable account here. In General Jun 18 2019 at 06:01
[quote]RubelByrne posted: https://www.myfxbook.com/members/RubelByrne/md-rubel-islam/3345788 My account was down maximum 1.88%. Am I going to be a profitable trader?[/quote] I think you're taking too much risk. I assume you trade without a stop loss (Looking at the 24.42% drawdown)?
ASIC Brokers will DIE ? In General Jun 17 2019 at 06:32
Regulated ASIC brokers will not die. However, there is a high chance that they will reduce the leverage offered to retail clients (overseas and within Australia). At some point in time, they will follow the ESMA.
Demo trading In New Traders Jun 09 2019 at 10:45
I think that learning to trade should be done on a mini forex account. Obviously you should have tested and refined a strategy on a demo account for at least two months. Demo is there for testing and to familiarise yourself with your strategy. However, transitioning to a live account afterwards is extremely important (I don't think it's wise to trade on demo for a long period of time). There are a multitude of factors that are just not experienced on a demo account. With experience and time, you will start testing ideas and strategies on small live accounts.
What is your most important factors when choosing signal to subscribe? In New Traders Jun 09 2019 at 10:27
Why do people not invest in MAM's rather then signal services? Is there not a conflict of interest (paying monthly to subscribe irrelevant of the results)?
What is a decent return on a monthly basis for a manged forex account? In New Traders Jun 03 2019 at 06:17
If I was you, I would analyse yearly % returns and work out the average (+ average % drawdown throughout that period). In my mind, a 15% drawdown is just too large (my opinion). Aiming for an x% monthly return puts unnecessary pressure on a trader, which may lead to him or her forcing trades. You never know what will happen, it's wiser to manage your drawdown.
How fx manager get investors? In Experienced Traders Jun 02 2019 at 12:26
[quote]trendfollowers posted: I thought I was ready. Thought I had my ducks in a row. Was trading for myself, but then. It was like going from demo to live.. Not my money, someone else's. You'd think it should actually make it easier then. Maybe it does. Maybe the problem is with my personality? Looking back however, it was a huge mistake allowing clients such intervention. Rightfully clients should only see the balance at month end and thank you for the growth on their account. But in future, I will rather sell my system or my EA - compare trades. If you take a hit and I don't, ...
How fx manager get investors? In Experienced Traders May 31 2019 at 10:06
[quote]trendfollowers posted: I tried to I managed a couple of $$ years ago. It takes big balls to be able. I couldn't for long. The psychological aspect was too much. When a trade goes south , and you prematurely close it, or you are harassed by the client at odd hours for an update. Hats off to you folk who can. I can't. I will rather sell an EA or system and just keep on trading for myself. Have periodic contact with the customer.[/quote] I just want to ask: Were you ready for this type of step forward (in terms of accepting clients)? What would you have done differently? Would be...
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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.