PASR THE PATH
But having been here a few months, let me tell you the amount of clients that generate money are less than one percent, we have many, many $100k losers, and very very few consistent winners.
The retail forex horror stories are largely true, if you are at a broker who is a market maker, good luck, Every broker and his dog who claim to be true ECN, are either delusional or actively committing fraud, the flow required to be true ECN, is astounding.
This thread is the only way you will survive in the retail space, the inverse narrative ( high frequency indicator based trading) which is so richly advertised online, is so blatantly false as to be theft.
So now we have it from the horse's mouth!
In fact we are recruiting traders out of the retail realm who can demonstrate profitability and they can become eligible for a funded account with a profit split. We will blend them into accounts and allocate capital accordingly.
I was asked to do this by several brokers and finally went with one. It was disastrous (for me) - never again! Roger (No1Optimist was successful doing this in Oz with a couple of brokers).
My progress on the path is slower than I wish, I have had huge academic duties this year ( finishing up some post grad degrees, various legal admission exams) and a change in job, my lack of posting means I am watching, learning, getting better, refining, feeling.
I sense an excuse for leaving THE PATH and ducking out of our challenge coming!
From Jan I will be using our analysis software which I can create an actual track record with, to trade in certain parameters that are the most risk adverse, and extracts alpha at a slow consistent rate
Is there anything you can pass to us to improve our performance?
I don't post because I haven't absorbed and integrated every morsel of wisdom found in these pages,
Posting, and in particular, constructive critique of trades, will help tremendously old chap!
Disliked{quote} I have been accused of many things, but to be accused of losing my sense of humor is catastrophic lol Nothing stops me from copying our top performers, except I want to master the skill myself. We are basically reversing into a hedge fund and have obtained the license for offering managed accounts, and in the next few years we can offer a genuine alternative investment product. But having been here a few months, let me tell you the amount of clients that generate money are less than one percent, we have many, many $100k losers, and...Ignored
The retail forex horror stories are largely true, if you are at a broker who is a market maker, good luck, Every broker and his dog who claim to be true ECN, are either delusional or actively committing fraud, the flow required to be true ECN, is astounding.
This thread is the only way you will survive in the retail space, the inverse narrative ( high frequency indicator based trading) which is so richly advertised online, is so blatantly false as to be theft.
So now we have it from the horse's mouth!
In fact we are recruiting traders out of the retail realm who can demonstrate profitability and they can become eligible for a funded account with a profit split. We will blend them into accounts and allocate capital accordingly.
I was asked to do this by several brokers and finally went with one. It was disastrous (for me) - never again! Roger (No1Optimist was successful doing this in Oz with a couple of brokers).
My progress on the path is slower than I wish, I have had huge academic duties this year ( finishing up some post grad degrees, various legal admission exams) and a change in job, my lack of posting means I am watching, learning, getting better, refining, feeling.
I sense an excuse for leaving THE PATH and ducking out of our challenge coming!
From Jan I will be using our analysis software which I can create an actual track record with, to trade in certain parameters that are the most risk adverse, and extracts alpha at a slow consistent rate
Is there anything you can pass to us to improve our performance?
I don't post because I haven't absorbed and integrated every morsel of wisdom found in these pages,
Posting, and in particular, constructive critique of trades, will help tremendously old chap!
15 YEARS OF PASR ON FOREX FACTORY!
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