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Do you place your money in one broker or divide it?
Feb 16, 2015 at 08:16
เป็นสมาชิกตั้งแต่ Feb 05, 2015
3 โพสต์
I am curious what other people do:
I always have a certain fear, my money is never safe online. Many already experienced like frozen accounts, from gaming to ewallets and broker platforms.
Do you guys stick it in one broker or use multiple? in case something happens to one, you are not stuck at all anyway.
Might be a dumb question lol so don't shoot me lol.
I always have a certain fear, my money is never safe online. Many already experienced like frozen accounts, from gaming to ewallets and broker platforms.
Do you guys stick it in one broker or use multiple? in case something happens to one, you are not stuck at all anyway.
Might be a dumb question lol so don't shoot me lol.
Feb 16, 2015 at 12:33
เป็นสมาชิกตั้งแต่ Feb 11, 2015
25 โพสต์
Forex21 posted:
Personally, I prefer to share my capital. Though, deposits are safe with most brokers (at least when they are regulated), it is still the best to make sure you have a plan B for a worst case scenario (broker goes bankrupt).
Isn't there something like an insurance for such a case? Where the broker goes bankrupt?
เป็นสมาชิกตั้งแต่ Feb 22, 2011
4862 โพสต์
Feb 16, 2015 at 13:15
เป็นสมาชิกตั้งแต่ Feb 22, 2011
4862 โพสต์
RlySrsly posted:
I am curious what other people do:
I always have a certain fear, my money is never safe online. Many already experienced like frozen accounts, from gaming to ewallets and broker platforms.
Do you guys stick it in one broker or use multiple? in case something happens to one, you are not stuck at all anyway.
Might be a dumb question lol so don't shoot me lol.
@RlySrsly
Always diversify. Different accounts at different brokers and currencies.
Feb 17, 2015 at 08:39
เป็นสมาชิกตั้งแต่ Feb 05, 2015
3 โพสต์
Thx for the replies.
@dty12 : I am not completely aware how far a retail trader is protected. probably depending on the brokers policy too.
But also my question was pointing to the case if you bet it all on one horse or several. Lets say your money is stuck in an account (frozen for example due various reasons) you won't be able to trade until its re-opened.
@vontogr : Different currencies? for what specific reason(s) you would do so?
@dty12 : I am not completely aware how far a retail trader is protected. probably depending on the brokers policy too.
But also my question was pointing to the case if you bet it all on one horse or several. Lets say your money is stuck in an account (frozen for example due various reasons) you won't be able to trade until its re-opened.
@vontogr : Different currencies? for what specific reason(s) you would do so?
เป็นสมาชิกตั้งแต่ Feb 22, 2011
4862 โพสต์
Feb 17, 2015 at 11:04
เป็นสมาชิกตั้งแต่ Feb 22, 2011
4862 โพสต์
RlySrsly posted:
Thx for the replies.
@dty12 : I am not completely aware how far a retail trader is protected. probably depending on the brokers policy too.
But also my question was pointing to the case if you bet it all on one horse or several. Lets say your money is stuck in an account (frozen for example due various reasons) you won't be able to trade until its re-opened.
@vontogr : Different currencies? for what specific reason(s) you would do so?
Well it is always better to diversify,
Imagine you had account in RUB or EUR only. In such case you lost a lot recently.
Feb 17, 2015 at 11:10
เป็นสมาชิกตั้งแต่ Feb 11, 2015
25 โพสต์
RlySrsly posted:
Thx for the replies.
@dty12 : I am not completely aware how far a retail trader is protected. probably depending on the brokers policy too.
But also my question was pointing to the case if you bet it all on one horse or several. Lets say your money is stuck in an account (frozen for example due various reasons) you won't be able to trade until its re-opened.
@vontogr : Different currencies? for what specific reason(s) you would do so?
What do you do yourself?
เป็นสมาชิกตั้งแต่ Sep 09, 2014
65 โพสต์
เป็นสมาชิกตั้งแต่ Dec 10, 2014
107 โพสต์
Mar 14, 2015 at 14:11
เป็นสมาชิกตั้งแต่ May 25, 2014
3 โพสต์
Never use only one
1) You never know if they will pay you back (counterparty risk diversification)
2) In case your broker has technichal problems (server,...) you can hedge positions with another.
but of course it depends on the amount you are trading with - if you have less than 5k stick with one.
1) You never know if they will pay you back (counterparty risk diversification)
2) In case your broker has technichal problems (server,...) you can hedge positions with another.
but of course it depends on the amount you are trading with - if you have less than 5k stick with one.
Mar 14, 2015 at 14:11
เป็นสมาชิกตั้งแต่ Jan 22, 2013
6 โพสต์
I have three different broker accounts - brokers do go broke, even reputable ones and it seems best to spread your capital around. In the same way you wouldn't keep all your capital in your trading account, only the 20% or so that you would trade with on a monthly basis.
เป็นสมาชิกตั้งแต่ Jan 19, 2015
206 โพสต์
Mar 15, 2015 at 08:04
เป็นสมาชิกตั้งแต่ Jan 19, 2015
206 โพสต์
its better to us 2-3 brokers and divide ur trades too if its difficult to manage more than one account manage only one using an ea called trade copier free use technology to protect ur money
Greed and Non acceptance are the biggest enemies
เป็นสมาชิกตั้งแต่ Jan 19, 2015
206 โพสต์
Mar 15, 2015 at 08:13
เป็นสมาชิกตั้งแต่ Jan 19, 2015
206 โพสต์
google mt4i copier and try it on demo with different deposit like 1000 10k and 100k u will see its usefull in managing the bigger account using smaller as it creates positions according to percentage but be wise with smaller account copier synchronises your trade with different brokers
Greed and Non acceptance are the biggest enemies
เป็นสมาชิกตั้งแต่ Feb 04, 2015
12 โพสต์
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