DislikedIs there no good brokers left ECN that offers more then 1:30 in leverage for people living in EU? Fxpro and pepperstones razor offers only 1:30. Best regardsIgnored
I hope this helps,
oggalan
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DislikedIs there no good brokers left ECN that offers more then 1:30 in leverage for people living in EU? Fxpro and pepperstones razor offers only 1:30. Best regardsIgnored
Disliked{quote} According to this link https://www.leaprate.com/forex/broke...hore-entities/ and what I understood, you could open an account with Pepperstone Australia, they cannot promote to you because you are a EU resident, but you can contact them and tell them you want to open an account with the Australia branch. What they need is that you give the first step and take the initiative. I hope this helps, oggalanIgnored
Disliked{quote} According to ESMA, if you live in the European Union, the broker cannot promote to you that you open an account in a broker that is outside the EU, but you can contact the broker and ask them to open an account outside the EU, that is what I have understood. Hope that helps, oggalanIgnored
Disliked{quote} thats total useless statsitic count. only important is how much you win, max drawdown and equity curve, and all calculated to your opportunity costs. more you dont need! 100k win in balance is often nothing, people would have more in some years with simple work in this time and did not traded, so in real is this 100k then often a loss.... depends of course what they earn by working....and the other components of calculating opportunity costs.Ignored
DislikedI did this with 4 accounts, 200 leverage with aprox $150-300 in each account. I used the weekly pivots as entries. One got through to 15K (aprox 6 trades) and the other went through to 21K, it took 3 weeks and I never tried to take it further. The other 2 accounts I stopped trading not because I blew them only because my focus shifted to the other accounts making money One thing I should add is that I did not allow for stop loss at 50 pips I just let each trade run on its own accord, the reason for that was the system I was using seemed consistant...Ignored
DislikedI was really intrigued when I came across this thread the first time. I am still fascinated with how simple this seems to be but impossible to achieve in reality. But it just seems to be so interesting, you just can't stop thinking about it! :-) Anyways I have concluded the following points as a gist of trading this method. Hope it helps someone. I would also love to discuss different possibilities on this topic if anyone is interested to talk more about it. So here goes: This system is basically about finding out trades that will give you 1:2 risk/reward...Ignored
DislikedNice to see a post that is back on track ..... As to getting a 2 to 1 reward to risk trade...... I get those with regularity using renko and range bar charts. Check them out you might be surprised. Also I like your idea in point #2... Makes more sense. alternatively make use 1/2 your profit in the next trade.Ignored
DislikedNice to see a post that is back on track ..... As to getting a 2 to 1 reward to risk trade...... I get those with regularity using renko and range bar charts. Check them out you might be surprised. Also I like your idea in point #2... Makes more sense. alternatively make use 1/2 your profit in the next trade.Ignored
Disliked{quote} You are right it is not very hard to get 2:1 reward:risk ratio.....the question is if you take 100 trades are you getting around 70 trades that are winners? Try it and let us know. If it is true it means you have cracked the Forex market and it is only matter of scaling to make millions, billions!!Ignored
DislikedEasy: 1.- Trade the first correction in a trend or something easy and consistent so you can take the same signal every single time once it appears on the chart 2.- even better, trade PRICE based charts (more accuracy overall) instead of time based charts (unless you are a real PRO with them) 3.- you can go for a little bit lower return instead of 2 like a 1.5, that way you can boost your win rate to the moon IF you have a solid entry method; it will only take you double the amount of trades to make it; remember, the...Ignored
Disliked...DislikedIn my personal experience, this is extremely hard to achieve, maybe even impossible. Im sorry but your overthinking it, it is easy to find 50 pips a day, the elephant in the room is whether you're willing to empty your entire account into a trade to get the 100% return. Even though there is 50 pips a day you may only get 1-2 trades a week that work out unless you scalp, that is why it's better to use multiple accounts and after 3 weeks you may get somewhere if you are persistent As for making millions with this method wellIgnoredIgnored