I don't understand today's EURUSD activity; but while it was quiet i was foolish enough to place a few shorts and this stopped out my account (i am with XM, with whom i have lost about EUR 18,000 so far as i did not know how to handle hedging properly, and still do not have a perfected strategy, though i was profitable previously with another broker, who does not allow high leverage). I don't mean to blame the market maker for my lack of trading succes; but i lost GBP 7500 when i was with FXCM and it seems there were many strange 'spikes' that often ruined profitable trades and/or stopped out my account; i was with Plus500 also for some years and managed to start gaining profit or at least break even, though it was very difficult due to their infantile platform and negligible charting. However, i got bored and started to trade shares with them in 2013 and while it was not going well, it wasn't a complete disaster until i purchased a gold mine EVN (Evolution Mining) an Australian miner, for about .90 a share. Although the company was apparently worth $200 million, the shares started to fall until i was margined out. I tried to save the ticket by topping up, until i was in by $16,000 but i was again margined out. A few weeks after that, the shares recovered. So i believe Plus500 is a pump and dump outfit. After getting so badly burned, i thought XM was going to be different; however i have found it impossible to retain profit with them. It is almost as if Metatrader is actually preset (i.e. and using your client terminal as the actual application connected directly to the XM price database) to automatically and continually offset or hedge ALL orders you place, regardless of position size, currency, hedge, or leverage to result, always in either a margin call or stopout. I don't want to write this primarily as a complaint about retail brokers but it really seems to me, after almost ten years of trading, that none of these brokers (MMs) is ever going to allow any retail trader to make money. Can anyone in the world please convince me I am wrong. I am about to give up and begin a public exposure of retail brokers on Facebook and through my company, to warn everyone who would ever consider retail forex trading (and those who currently are still trying to make a profit) that the algorythms and software code inside Metatrader is (obviously) designed by the Russian mafia, also known as the Synagogue of Satan. There is, therefore, absolutely no possibility WHATSOEVER that you will EVER make any money consistently as a retail forex trader.
- Post #996,343
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- Jun 2, 2015 11:24am Jun 2, 2015 11:24am
- Joined Nov 2012 | Status: Member | 5,895 Posts
- Post #996,344
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- Jun 2, 2015 11:24am Jun 2, 2015 11:24am
- Joined Oct 2008 | Status: sideline is a position | 97,382 Posts
those who can, do. those who cant, talk about those who can
- Post #996,345
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- Jun 2, 2015 11:26am Jun 2, 2015 11:26am
Back from the dead * ding fries are done *
- Post #996,347
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- Jun 2, 2015 11:29am Jun 2, 2015 11:29am
- Joined Jan 2012 | Status: Loving Nature* | 3,985 Posts
- Post #996,348
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- Jun 2, 2015 11:41am Jun 2, 2015 11:41am
"Tips are for waiters." - Reminiscences of a stock operator
- Post #996,351
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- Jun 2, 2015 11:52am Jun 2, 2015 11:52am
- | Joined Oct 2010 | Status: Member | 58 Posts
- Post #996,352
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- Jun 2, 2015 12:00pm Jun 2, 2015 12:00pm
- Joined Dec 2014 | Status: Klugscheißer | 8,318 Posts
- Post #996,355
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- Jun 2, 2015 12:09pm Jun 2, 2015 12:09pm
- | Joined Aug 2009 | Status: Member | 1,871 Posts
- Post #996,356
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- Edited 12:24pm Jun 2, 2015 12:09pm | Edited 12:24pm
- Joined Mar 2008 | Status: Name real with real own way | 20,486 Posts
Not understand?better not follow my analyses!doubt clearer first, risks ++
- Post #996,357
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- Jun 2, 2015 12:13pm Jun 2, 2015 12:13pm
- Joined Jul 2007 | Status: Member | 17,793 Posts
COT: The precious data ignored
- Post #996,358
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- Jun 2, 2015 12:16pm Jun 2, 2015 12:16pm
- Joined Nov 2012 | Status: Member | 12,211 Posts
- Post #996,359
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- Jun 2, 2015 12:20pm Jun 2, 2015 12:20pm
- Joined Jul 2007 | Status: Member | 17,793 Posts
COT: The precious data ignored