- Search Forex Factory
- 24 Results
- MoneyD replied Jun 4, 2017
Useful article (and links) , thanks for sharing
- MoneyD replied Jan 17, 2017
The fallacy is in-terms of thinking or making conclusions based on a single trade, vs. thinking in-terms of a group of trades, this is very difficult to overcome for everyone because we always attach ourselves to what happened on the last trade, ...
- MoneyD replied Nov 26, 2016
Even with those green ticks on Track record and Trading privileges there are several other ways that myfxbook trade records could be manipulated, just google it. I am not saying all myfxbook accounts are fake, I am a big fan myself and it is a great ...
- MoneyD replied Nov 26, 2016
I would be very weary of any trading statistics with extremely high profit factor, high being > 2 . If you have over 500 trades spread out relatively evenly over a period of say 3 yrs, with small variance in position-size among the trades, and have ...
- MoneyD replied Oct 12, 2016
Hi Jason, thanks for the detailed explanation, which I must say is a much better and reasonable explanation than what I had received from customer service the day the incident occurred. I also however still think that the standard data posted on the ...
- MoneyD replied Oct 7, 2016
It allows you to trade historical price events for many different forex pairs at different time frames and time intervals, just as you would trade in real time using the platform's features, it has a couple of bugs but its generally a great tool to ...
- MoneyD replied Oct 6, 2016
I am a fairly recent FXCM customer, so far I am generally satisfied with the services, I have discovered some good things , like the simulation package of the Trading station platform, which is great, while other things leave room to be desired, but ...
- MoneyD replied Aug 14, 2016
Yup, and I am one of the unlucky 2000, hence why I closed my account. But there is no need to mop over it, instead find the best viable alternative. Thankfully I do not have a fully automated strategy that routes my orders through IB's gateway, ...
- MoneyD replied Aug 14, 2016
Forexia, you have been screaming that this was hoax since Thursday evening, but you've had plenty of time on Friday to call and verify if it is a hoax or not, and yet you are still screaming that it is a hoax without doing your due diligence. For ...
- MoneyD replied Aug 14, 2016
It is very simple really, if you are an Ib customer why don't you call them and ask them if its a hoax or not ?
- MoneyD replied Aug 13, 2016
lol , so now they are screening customers based on trading performance? and then telling the customers that do not meet up to their standards that they need over 10 mill in assets or else they can't trade FX ? They are brokers not a prop-shop. ...
- MoneyD replied Aug 13, 2016
I think so, this only applies for spot forex traders. Unfortunately, I do not know anything about futures or options as I have been solely focused on spot FX for the past few years, my entire trading system is built around spot forex. I do agree, ...
- MoneyD replied Aug 13, 2016
The only exception that is made for trading leveraged FX @ IB is for ECPs, with assets > 10 mill. Is there a way to be registered as an ECP with assets less than the specified amount ? Don't know and doubt it, either way its too much of a hassle. ...
- MoneyD replied Aug 11, 2016
I can not answer any of your questions, as I have posted all the info I have on this unexpected development from IB. If you get a response from FXCM please post it, as I am actively looking for an alternative broker.
- MoneyD replied Aug 11, 2016
I captured the screen shot of my chat session with the IB representative. See for yourself what she had to say below, btw, I blacked out my username for privacy purposes.
- MoneyD replied Aug 11, 2016
No link since it was an email notice and not sure if it applies for non-US accounts , but definitely for US. Here's the screenshot of the email below anyway
- MoneyD replied Aug 11, 2016
I am sure that it is true, I had an online chat with one of their representatives and she told me that as of September, I will only be able to trade spot FX 1:1 , meaning if for instance you have a 5K account you can not buy/sell more than 5K units ...
- MoneyD replied Aug 11, 2016
Disappointing indeed!!, they told me that it was a 'new IRS rule and will apply to all brokerages '
- MoneyD replied Jun 21, 2016
Never had a big 'aha' moment , but rather several small ones that keep adding up, here are some of them not necessarily in chronological order: Using volatility based stops, instead of one size fits all for different currency pairs Using $/pip ...
- MoneyD replied Apr 12, 2016
Actually, the bold part is not quite accurate, after seeing a more updated graphic by the author, it is clear that all the simulations do not have the same profit factor, it's just that the mean for all simulations approaches the targeted profit ...