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How large is your account and vote

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  • how big is your account
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  • #1
  • First Post: Jun 23, 2017 6:23pm Jun 23, 2017 6:23pm
this is interesting to see what real money is being played on forex please be honest
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  • #2
  • Jun 24, 2017 12:30pm Jun 24, 2017 12:30pm
Quoting Aussi
this is interesting to see what real money is being played on forex please be honest
Are you asking for leverage or without leverage? You know you can buy 100k with only 1k in your account easily, so the true volume is leveraged
  • #3
  • Jun 24, 2017 11:44pm Jun 24, 2017 11:44pm
Quoting tnow
{quote} Are you asking for leverage or without leverage? You know you can buy 100k with only 1k in your account easily, so the true volume is leveraged
real cash only mate
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  • #4
  • Jun 25, 2017 6:58am Jun 25, 2017 6:58am
I have only put 100 euros into copy trading. Not using my own money yet for myself trading. Ok deposited 1 eur for phone number confiramtion. And got 20 eur bonus, which I am not even sure if I can lose without need to pay back, because there I need to make x amount of lots per 3 months, but what can you do with 20 eur and on 0.01 minimum lot size.
  • #5
  • Jun 25, 2017 9:27am Jun 25, 2017 9:27am
Few people in their right minds with $100,000+ in a forex account are trading against a market-maker broker, and paying spreads on every trade.

How much you actually have in your account in the literal sense of having it sitting there rather than most of it in a bank at any given moment is academic anyway, and depends on when and how regularly you withdraw profits, and so on.

Nobody should keep $100,000+ on deposit at the kind of forex "brokers" that most of this forum's members are using: that's just inviting accidents, as so many threads here attest to.
  • #6
  • Jun 25, 2017 1:46pm Jun 25, 2017 1:46pm
Quoting Quickly
Few people in their right minds with $100,000+ in a forex account are trading against a market-maker broker, and paying spreads on every trade. How much you actually have in your account in the literal sense of having it sitting there rather than most of it in a bank at any given moment is academic anyway, and depends on when and how regularly you withdraw profits, and so on. Nobody should keep $100,000+ on deposit at the kind of forex "brokers" that most of this forum's members are using: that's just inviting accidents, as so many threads here...
if you hold more then 100k in accounts you normaly buy bonds for the rest part (or shares or what ever is not in the bankrupt estate) and if you have some values over the rollover time you pay with some interest for it, to have bonds as margin used. even more cheap then bank guarantee and more secure.

so you can easily hold millions till billions in one broker.
  • #7
  • Jun 25, 2017 11:58pm Jun 25, 2017 11:58pm
Quoting Quickly
Few people in their right minds with $100,000+ in a forex account are trading against a market-maker broker, and paying spreads on every trade. How much you actually have in your account in the literal sense of having it sitting there rather than most of it in a bank at any given moment is academic anyway, and depends on when and how regularly you withdraw profits, and so on. Nobody should keep $100,000+ on deposit at the kind of forex "brokers" that most of this forum's members are using: that's just inviting accidents, as so many threads here...
banks 5% interest if you can get it , 15% with risky investments , rents about 8% my forex percentage for this year 42% with regular draws every month
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  • #8
  • Jun 27, 2017 8:53pm Jun 27, 2017 8:53pm
Quoting dukas_trader
{quote} if you hold more then 100k in accounts you normaly buy bonds for the rest part (or shares or what ever is not in the bankrupt estate) and if you have some values over the rollover time you pay with some interest for it, to have bonds as margin used. even more cheap then bank guarantee and more secure. so you can easily hold millions till billions in one broker.
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  • #9
  • Edited 9:16pm Jun 27, 2017 9:06pm | Edited 9:16pm
Quoting Quickly
Few people in their right minds with $100,000+ in a forex account are trading against a market-maker broker, and paying spreads on every trade. How much you actually have in your account in the literal sense of having it sitting there rather than most of it in a bank at any given moment is academic anyway, and depends on when and how regularly you withdraw profits, and so on. Nobody should keep $100,000+ on deposit at the kind of forex "brokers" that most of this forum's members are using: that's just inviting accidents, as so many threads here...
i have at least $6,000,000 invested in fx trading. spread out across 35 brokers in 3 different continents.. leveraged @ 1:1
this is a money game. the higher your capital, the lower leverage you are expected to use.
there are definitely shady brokers. but in general, most tier 1 and 2 regulated ones really do offer dma. the key is to either prove your capabilities or be too big a fish for them to prey on. it'll also help to know how a system operates/contracts forwarded or booked before deciding if a broker is legit.
  • #10
  • Jun 27, 2017 9:35pm Jun 27, 2017 9:35pm
Quoting Bicarus
{quote} i have at least $6,000,000 invested in fx trading. spread out across 35 brokers in 3 different continents.. leveraged @ 1:1 this is a money game. the higher your capital, the lower leverage you are expected to use. there are definitely shady brokers. but in general, most tier 1 and 2 regulated ones really do offer dma. the key is to either prove your capabilities or be too big a fish for them to prey on. it'll also help to know how a system operates/contracts forwarded or booked before deciding if a broker is legit.
wow really?

for only 6 mio i would only use one (maybe 2, but 35 is a little bit crazy or just a joke?), more secure and is not so much money that you have many problems to invest and trade.
35 would be to much work, more expansive because (because of lost time ,margin possibilities to think about all the time, higher commssion because cant add my turnover to one high value,.....) and more unsecure.

i really dont know if you say it as joke, but sounds you are very unexperienced for 6 mio, but who knows. maybe you are one with 6 mio who started with 10 mio .

what are your advantages with 35 brokers? security is it not, then you would have not learned basics and would not know how to secure brokers balances. lower fees also not, because you have then wrong prime brokerage. better feed also not possible. because you get better with much more turnover or deposits in 1 account. better seperating strategies also not, because you could do it with good brokers in split accounts much better.
looks for me only like more work with no advantages, thatswhy i asked is it a joke. normaly people with some money dont do this mistakes, because time is to important.
  • #11
  • Jun 27, 2017 9:42pm Jun 27, 2017 9:42pm
Quoting dukas_trader
{quote} wow really? for only 6 mio i would only use one (maybe 2, but 35 is a little bit crazy or just a joke?), more secure and is not so much money that you have many problems to invest and trade. 35 would be to much work, more expansive because (because of lost time ,margin possibilities to think about all the time, higher commssion because cant add my turnover to one high value,.....) and more unsecure. i really dont know if you say it as joke, but sounds you are very unexperienced for 6 mio, but who knows. maybe you are one with 6 mio who started...
there's such a thing called a local trade copier. go look it up. executing same order but thru different avenues. and i've proven that i withdraw regulary. just search for one of my trading journals.
  • #12
  • Edited 9:58pm Jun 27, 2017 9:48pm | Edited 9:58pm
Quoting Bicarus
{quote} there's such a thing called a local trade copier. go look it up. executing same order but thru different avenues
you speak about copying trades from other people?

i dont think you copied your own trades? this would be extrem slower and not better filled. because you could get a good broker and execute all over this broker, because all broker end in near same liquidity pools, if you choose good prime broker. 35 different liquity pools is near impossible, maybe 6, but even this is often not all seperated.

proven that someone withdraw? i have seen so many people faked so many thinks, not worth looking for this. but i am not interested in this, no need to invest in someone. but sound not very easy to have 35 accounts.

but i dont say you dont make money, never heard of you and cant say anything about you. with 6 mio having 100-300k monthly should be possible with mini drawdown. i would not invest so much time in it with this many accounts, but anyone is different.

but why you withdraw regulary? i withdraw maybe 10-50k monthly (depends what you do in the next month), but most i reinvest. why you dont let it in this brokers and increase simple the wins? or at least use bank guarantee to not have to withdraw money each month. then you need to secure only the money in this bank.
  • #13
  • Edited 10:11pm Jun 27, 2017 9:57pm | Edited 10:11pm
Quoting dukas_trader
{quote} you speak about copying trades from other people? i dont think you copied your own trades? this would be extrem slower and not better filled. because you could get a good broker and execute all over this broker, because all broker end in near same liquidity pools, if you choose good prime broker. 35 different liquity pools is near impossible, maybe 6, but even this is often not all seperated.
its not slow. because it is local aka offline aka within the computer, so it is faster than myfxbook's copying service or any other.. the main point is to not put all eggs on one basket.
indeed all roads lead to rome, but brokers generally show u prices of best quote. which differs. (dont believe me, open 2 or more different broker's clients, OHLC prices can defers at time up to 2 pip).
and who said im not using a prime? obv i lack the capital req for a pop. but i am using a pb.
i execute my master trade on a pb. and all other mt4 follows. those brokers whose quotes deviate from my set tolerance are ignored by trade copy.

i need to withdraw regularly for tax purposes. am trading under a LLC. and have property/bank loans. bank need to see monthly liquid cash flow. bank guarantees are not as great as they say it is. dukas offer bank guarantees, but the bank is dukascopy bank. so it technically is a left hand holding the right hand's money.

pepperstone offers bank guarantees on any bank of your choice. but a min of 250 mill
  • #14
  • Jun 27, 2017 10:05pm Jun 27, 2017 10:05pm
Quoting Bicarus
{quote} its not slow. because it is local aka offline aka within the computer, so it is faster than myfxbook's copying service or any other.. the main point is to not put all eggs on one basket. indeed all roads lead to rome, but brokers generally show u prices of best quote. which differs. (dont believe me, open 2 or more different broker's clients, OHLC prices can defers at time up to 2 pip). and who said im not using a prime? obv i lack the capital req for a pop. but i am using a pb. i execute my master trade on a pb. and all other mt4 follows....
yes, local copying (bet with pipes) is not slow, but much much much slower then trading in forst broker all. about what trading amount we speak here, that prime broker cant handle? much more then 20 million i think so, because till 20 m its not the problem most of the time.

but are this other small mt4 only marketmakers? because normaly a good prime broker has near all same Liquity providers then near most mt4 brokers, and so you could also have all money bought in this Prime broker even faster.

holding all in 1 broker is more easy to secure all. only when done extrem margin and margin call possibility or even by big gap need to pay more in then it was in balance, then more then 1 broker are good choose, and ofcourse when you can get new liquity providers with it. but with 35 brokers normaly you buy inside you own brokers same time because many buy in same liqutity pools?

of course you are right, the price differs from broker to broker and from amount to amount, thats normal, and it differs even after you buy your first orders, because your order will infect this price difference too, with all other 35 brokers added much more. but normally by only 6 mio its not so big , that you have to think about this problem? or do you try to use near full margin in the trades?
  • #15
  • Jun 27, 2017 10:13pm Jun 27, 2017 10:13pm
Quoting Bicarus
{quote} . bank need to see monthly liquid cash flow. bank guarantees are not as great as they say it is. dukas offer bank guarantees, but the bank is dukascopy bank. so it technically is a left hand holding the right hand's money. pepperstone offers bank guarantees on any bank of your choice. but a min of 250 mill
with dukas you could try custodian service. some other use this too. for most prime i would use bonds for security. cheaper then bank guarantee, because you only pay bond as margin when needed by rollover time (of course depends by brokers)

ok, when you need fix payouts, then its more difficult. i try only to buy estates so that the rent income can pay rest of credit and so only one time payment is neccessary. taxes are here payed 1 time in year only for the last year, so no monthly withdraw neccessary.
  • #16
  • Jun 28, 2017 11:03am Jun 28, 2017 11:03am
I fully rely on Forex trading for survival haha.
Sometimes is good and sometimes is bad.
Make sure when profit, I don't spent it all finish and backup for when times is bad.
  • #17
  • Jun 28, 2017 6:12pm Jun 28, 2017 6:12pm
Quoting ngwei
I fully rely on Forex trading for survival haha. Sometimes is good and sometimes is bad. Make sure when profit, I don't spent it all finish and backup for when times is bad.
thats very wise mate well done
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  • #18
  • Jul 7, 2017 3:01am Jul 7, 2017 3:01am
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  • #19
  • Sep 22, 2017 2:34pm Sep 22, 2017 2:34pm
Quoting dukas_trader
{quote} yes, local copying (bet with pipes) is not slow, but much much much slower then trading in forst broker all.
Dude...I use a local trade copier between my accounts and its instant, I open a trade on one account and it opens the same on each other Mt4 within half a second! Never had troubles with that, you must be doing something wrong.
Everyone can see the chart, but only a few can actually read it.
  • #20
  • Sep 22, 2017 8:56pm Sep 22, 2017 8:56pm
Quoting OnlineAddict
{quote} Dude...I use a local trade copier between my accounts and its instant, I open a trade on one account and it opens the same on each other Mt4 within half a second! Never had troubles with that, you must be doing something wrong.

thank you for your comment
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