Disliked{quote} ICMarkets offer 1:500 leverage and is Australian regulated brokerIgnored
The don't accept Paypal though..
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Disliked{quote} ICMarkets offer 1:500 leverage and is Australian regulated brokerIgnored
Disliked{quote} They're the ones I'm demoing with.. The don't accept Paypal though..Ignored
Disliked{quote} In this example you have build your account from $50 to $50K, that money comes from other traders who lost their money, it's not money you earned from your broker. Your broker (at least a good one) earns his money through commisions and spread, he does not care how much you made and how much you want to withdraw as long as you stay with them and trade a lot!Ignored
Disliked{quote} Isn't the broker always the other side of your trades? Your loss is his gainIgnored
Disliked{quote} Provided they don't trade against you. Trading against their clients are a norm especially if they are stp only ecn makes money from spreads. Especially so if they provides micro and mini accounts.Ignored
Disliked{quote} Not so if they claim to be ecn. This is where your orders get put out in the banks and those banks will take your money and take the risk. The broker is just a platform to transfer orders and get paid to do so. However stp or otc is different.Ignored
Disliked{quote} Honestly I find that hard to believe. There's so much money to be made by "managing the risk" as they say, and no downsides, they'd be crazy not to do it. Anyway, if a market maker can guarantee my stops, I'd rather go with that, if it can save me opening the platform one day and discovering that I owe an ecn broker 20x my initial balance because price jumped over my stop. I personally think that if there's even the slightest possibility of that happening, it's a crazy risk to take. But I just want to play the R2R game for fun, not trade...Ignored
Disliked{quote} a pure marketmaker broker dont let you trade very long, when you are winning.Ignored
Disliked{quote} Yes if they can do whatever they want, why would they ever let you win? I've thought about that. It's just that I can't justify in my brain risking to lose more than I deposited.Ignored
Disliked{quote} ntil 100k still very ok, but 7 and above get real new problems then before....and a different trading, at least in short term trading.Ignored
Disliked{quote} Getting 100k out of Forex would already be a huge success by my standards. Regarding the negative balance, I guess then that it might be safer to trade short time frames to avoid spending too much time in the market. What is you people's best winning streak in number of trades?Ignored
DislikedOk when the discusssion is there anyway what is the difference from a broker that offers 30:1 in leverage and a broker offfers 500:1 on majors examples please if one take a trade and have an account of 1000 dollar. Thank You. Best regardsIgnored
Disliked{quote} In few words, you need more money to open a trade. Now that you asked for an example. If your account is in USD, if you want to open a 1 lot of 100K of USDJPY: 1:30 you need $100,000 /30 = US$3,333.33 1:500 you need $100,000 / 500 = US$200.00 If you can see it this way with 1:30 you have a buying power of $1,000 * 30 = US$30,000, with 1:500 you have a buying power of US$500,000, that does not mean that you have to use it all. I hope I have helped you to understand the difference. oggalanIgnored