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Is $100,000 A Decent Capital In Trading?

  • #41
  • May 13, 2019 6:07am May 13, 2019 6:07am
Quoting AmmaBoss
{quote} Sure buddy lol ... , so where's the proof of this?
the proof , that ironfx is scam broker?

read on many websites , what people tell about this broker.
the proof that this "trader" choosed this broker, you know how to find this or?
the proof why he choosed the broker? i dont know why, but it would by stupid or extrem unexperienced to choose scam broker or would be to scam other.... so you can decide what was his reason.

ironfx was well know for fake reviews, fake statements of traders and accounts and fake IB people, try look at forexpeacearmy or other rating websites, so you have a fast look , so you can calculate the chance, this person was a fake or real trader for your own with the correct informations. at the moment it looks like you dont know what ironfx has done and is.
  • #42
  • May 13, 2019 6:13am May 13, 2019 6:13am
Quoting PowerMoon
{quote} the proof , that ironfx is scam broker? read on many websites , what people tell about this broker. the proof that this "trader" choosed this broker, you know how to find this or? the proof why he choosed the broker? i dont know why, but it would by stupid or extrem unexperienced to choose scam broker or would be to scam other.... so you can decide what was his reason.
90% of traders are delusional, I can google any broker and find countless reports of supposed scamming taking place.
Someone have a TE with all trades recorded, therefore they can be double check with the data from any other broker.
Also, most of his trades being 1 - 3 mins, does not mean he needed to work with his broker.
My biggest winner is also 1 min long.
https://i.imgur.com/coa54x4.png
The fact that you have not provided even 1 source of proof to support your statement means you are likely just an unprofitable trader, who has no idea what he's talking about.
The fact that 95% of this trader post, is about his method or trades and not his broker also contradicts your claim.
  • #43
  • May 13, 2019 6:20am May 13, 2019 6:20am
Quoting AmmaBoss
{quote} 90% of traders are delusional, I can google any broker and find countless reports of supposed scamming taking place. Someone have a TE with all trades recorded, therefore they can be double check with the data from any other broker. Also, most of his trades being 1 - 3 mins, does not mean he needed to work with his broker. My biggest winner is also 1 min long. https://i.imgur.com/coa54x4.png The fact that you have not provided even 1 source of proof to support your statement means you are likely just an unprofitable trader, who...
only to help you here:

1. ironfx is one of the biggest scammers.... they would not pay of the money so easy! inform you better please... and this was already when he opened the account.
2. ironfx employes open accounts and do testemonials to rate their scam broker as good. when you own the broker, you can fake any trade, any withdrawing, anything you want. you really dont think whats possible. any TE is most easy to fake, when you own the broker..... you even dont have to fake, you can use arbitrage trading (you cant withdraw later the fake trades with fake prices... but you are the broker, you dont have too.)
3. inform you on forexpeacearmy about ironfx, at the moment you dont know what you speak about. noone would choose such a broker, who would trade bigger money. not after 2015 and many problems.....

maybe you know basics only from trading, but you are a very easy target for scamming. you really need to be carefull and think deeper.

think more about, why this many people did not get money back from the broker ironfx, when they liked to withdraw money.....
  • #44
  • May 13, 2019 6:47am May 13, 2019 6:47am
Quoting PowerMoon
{quote} only to help you here: 1. ironfx is one of the biggest scammers.... they would not pay of the money so easy! inform you better please... and this was already when he opened the account. 2. ironfx employes open accounts and do testemonials to rate their scam broker as good. when you own the broker, you can fake any trade, any withdrawing, anything you want. you really dont think whats possible. any TE is most easy to fake, when you own the broker..... you even dont have to fake, you can use arbitrage trading (you cant withdraw later the fake...
correct on ironfx, it is in fact a scammer broker with shady dealings.

more, TE in this case with the 1 min average trade time is more a red flag then a checkmark.
one must note, that TE has its limitation, one that it can only show trade times in minutes, 1 min being the shortest.
myfxbook can show seconds....seen some similar TEs looked on myfxbook with average trade times coming like 2 sec....
another fact is, that even a non scammer broker is more than unlikely to go along with 2 sec trading times regularly.

that account is fake.
give it, looks good.
but that doesnt change a bit on the above.
one can dream on. or get real, and work on something real.
there is always, always another trade!!
  • #45
  • May 14, 2019 2:02am May 14, 2019 2:02am
Quoting PowerMoon
{quote} only to help you here: 1. ironfx is one of the biggest scammers.... they would not pay of the money so easy! inform you better please... and this was already when he opened the account. 2. ironfx employes open accounts and do testemonials to rate their scam broker as good. when you own the broker, you can fake any trade, any withdrawing, anything you want. you really dont think whats possible. any TE is most easy to fake, when you own the broker..... you even dont have to fake, you can use g
(you cant withdraw later the fake trades with...
I was not going to reply but since I receive a few pms calling me gullible.
I shall explain my stands on the matter.
Iron FX may have been a scam broke.
However Au trader did not mention them even once within any of his post so he was surely not advertising.
There are 4000 trades most of which are taken base on the same principle.
over 50% of his trades are break-even trades.
All the trading data is available and can be tested via any other broker data.
arbitrage trading would be super dumb as his payment in spread alone would be greater than his total profit most likely due to the size of his trades.
No one has provided any proof what so ever regarding this situtation and is purely basing your decision on how unbelievably profitable the TE is.
  • #46
  • Edited 6:01am May 14, 2019 5:43am | Edited 6:01am
Quoting AmmaBoss
{quote} I was not going to reply but since I receive a few pms calling me gullible. I shall explain my stands on the matter. Iron FX may have been a scam broke. However Au trader did not mention them even once within any of his post so he was surely not advertising. There are 4000 trades most of which are taken base on the same principle. over 50% of his trades are break-even trades. All the trading data is available and can be tested via any other broker data. arbitrage trading would be super dumb as his payment in spread alone would be greater...
i have seen many hundreds of this same style fake or arbitrage accounts.
its fake or arbitrage... its realy so simple. that you cant see it (maybe you are new in trading, less experience, missed basics...) i can understand and accept, thatswhy i tried to help you here.
... any of your words only tell me more and more same, you only cant see it.
i did read some post from this autrader, looks like he traded later other style, and not with really good win.... so looks much more fake again....noone would change style with big wins...

but however, when you want choose a fake or arbitrage trading as your goal and inspiration, i only invested some time to tell you what is happening, that you dont invest time in wrong goals. and other people tried to help you with this mistake too. so sometimes maybe its more easy you say "thank you" when people invest time, to help you with such a big mistake and not try to fight against someone who want help you... what you do with this information is just your problem, anyone is responsible for his own life.

do it easy: ask 10 very good experienced traders (5-10 years and more traded) , and when not anyone from this traders tell you in 1 minute after looking this account that its fake or arbitrage trading with wrong/bad broker price feed, then try this as goal. we speak here about a very easy to see fake or arbitrage trading account.. nothing special....


to the point "gullible": i think this people are correct. in the moment you are maybe new in trading, you tried trading before you learned the basics and now you have the problem, you evaluate easy things wrong. you did not see the big scam with iron fx, you did not see that noone would choose this broker over longer time , you did not see this trading style (why its done, in what candle, at what prices....).. and you really believed easy to see wrong facts.
and its best you can ever have, that people call you gullible. you learned the cheap way here, many other pay many thousend dollars for learning this leasson, what people give you without any fee for free , you only need to listen and think about... nothing more.
nothing helps you more, then learn to be no easy victim for scammers or liars (and this helps in complete life), so you dont invest time in wrong goals or even pay coaches or money for expert advisors....
maybe you are very young at the moment, you have so much time, you can learn and earn later wih this information.
  • #47
  • May 14, 2019 5:57am May 14, 2019 5:57am
Quoting PowerMoon
{quote} i have seen many hundreds of this same style fake or arbitrage accounts. its fake or arbitrage... its realy so simple. that you cant see it (maybe you are new in trading, less experience, missed basics...) i can understand and accept, thatswhy i tried to help you here. ... any of your words only tell me more and more same, you only cant see it. i did read some post from this autrader, looks like he traded later other style, and not with really good win.... so looks much more fake again....noone would change style with big wins... but however,...
It is impossible for that to be an arbitrage account.
It can be fake, I am not saying it is 100% real as only he can know that, just that you clearly have no idea what you are talking about and is basing your entire decision on his broker and high profits.
Again it is impossible for that to be arbitrage account, I really don't think I need to explain why ...
  • #48
  • May 14, 2019 6:01am May 14, 2019 6:01am
you should be a billionaire in no time with 100,000 !!!
The only system that will work is one designed by and for yourself.
  • #49
  • Edited 6:18am May 14, 2019 6:04am | Edited 6:18am
Quoting AmmaBoss
{quote} It is impossible for that to be an arbitrage account. It can be fake, I am not saying it is 100% real as only he can know that, just that you clearly have no idea what you are talking about and is basing your entire decision on his broker and high profits. Again it is impossible for that to be arbitrage account, I really don't think I need to explain why ...
you dont learn your lesson, you really dont deserve help.

its 100% easy to see possible arbitrage trading . tell me only 1 reason why it cant be... how new you are in trading, only since 1 week? unbelieveable.
  • #50
  • May 14, 2019 9:02am May 14, 2019 9:02am
Arbitrage trading is usually done using an EA that takes advantage of market inefficiencies. Here is an example.

Inserted Video
  • #51
  • May 14, 2019 9:26am May 14, 2019 9:26am
Quoting Hutch
Arbitrage trading is usually done using an EA that takes advantage of market inefficiencies. Here is an example. https://www.youtube.com/watch?v=StDCr_CnMSs
yes, exactly like there. the bad broker ironfx with latency in price feed was used for arbitrage against real price in market.
no real trading, more trying to steal the brokers money of course. but broker with slow data/price feed dont allow this (and such a scam broker ofcourse dont allow it even more) and dont simple pay this out... not in this simple to calculate style.
  • #52
  • Edited 3:21am May 15, 2019 3:01am | Edited 3:21am
I am not a programmer and I don't have Excel skills.

Based on my 35 years of discretionary trading experience I would provide you with a business plan.

If anybody can do some analysis and Modelling for profit return that will be appreciated.

1. Feasibility of FX trading based home business

(a) Skills required: analysing the market; identifying the catalyst or a reason to trade; Timing, execution of trades, monitoring the positions and managing risks keeping in view the mean-reversion tendencies.
(b) Money (essential raw material) required: $100,000 or more depending on individual needs
(c) Which products to trade and why: Currency symbols which can generate enough income and whose risks can be handled based on their mean-reverting tendencies.

It took me 15 years to understand the way to conduct the business profitably and be in a position to take money from the market at will to some extent.

My skills are :
analysis of

  1. fundamentals (data releases and geopolitical events)
  2. inter-play of currency correlations ,
  3. tug-of-war going on between the two currencies pair
  4. Currency Strengths affecting mean-reversion process.
  5. I never use technical analysis.


Money: Yes, brokers and course sellers give false hopes. For income-genrating trading, you really need at least US$50,000 for spot or futures, US$25,000 if you want to sell fx futures options and US$10,000 if you want to buy fx futures options.

Instrument and Product Selection: I trade both spot fx (or futures) and fx futures options.

I focus only on two symbols: GBPJPy for spot fx (futures) and EurUsd for fx future options.

After years of trial and error exercises, I have found the two symbols fit for the business.

I split the income into two parts:

  1. Withdrawals to meet house expenses
  2. Accumulating the account to enjoy non-linear returns

I work backwards with my income goals to find maximum lots to trade and when to call it a day based on my equity dropping to the margin level%. I have never used Stop Loss because I can use fx options to retrieve the value from losing spot positions.

On the whole, in my experience, I don't make as much money as I make from both selling and buying of options. Currency Options suit my leisurely way of looking at life.

If you are trigger-happy, you will not like currency options. If you are fond of excitement, you will be better served by spot fx rather than currency options.

Practice makes a person perfect
  • #53
  • May 15, 2019 3:35am May 15, 2019 3:35am
Quoting simnz
FX trading based home business
You really nailed it. Most people consider trading as a hobby or a sideline activity. Unless traders start considering trading forex as a business they will never succeed at reaching their goal of becoming full time traders
  • #54
  • May 15, 2019 9:04am May 15, 2019 9:04am
Quoting simnz
I have never used Stop Loss because I can use fx options to retrieve the value from losing spot positions.
I don't trade fx options, rather I trade US stock index options. It would be interesting to see your fx options/futures trades & how you are using options as protection for your futures positions.

The same thing can be done with index futures/options, which both are more liquid & cost-effective instruments compared to their fx cousins.

Imho it's easier to find binary trading opps in equities comparatively, but that's what I am used to.
"If The Fool persists in his Folly he will become wise." - William Blake
  • #55
  • May 15, 2019 9:39am May 15, 2019 9:39am
Quoting The Fool
{quote} I don't trade fx options, rather I trade US stock index options. It would be interesting to see your fx options/futures trades & how you are using options as protection for your futures positions. The same thing can be done with index futures/options, which both are more liquid & cost-effective instruments compared to their fx cousins. Imho it's easier to find binary trading opps in equities comparatively, but that's what I am used to.
To each their own.

Fx future options is a hidden gem as Market-maker brokers or educators have no incentive to promote the exchange-traded instruments.

Majority of FF members are under-funded and hope to make it big by hobby trading.

What is the point of posting any trades if there are no serious takers?
Practice makes a person perfect
  • #56
  • May 15, 2019 11:18am May 15, 2019 11:18am
Quoting simnz
What is the point of posting any trades if there are no serious takers?
well, sure, what is the point in talking to anyone about trading at all? It's not a rhetorical question.
"If The Fool persists in his Folly he will become wise." - William Blake
  • #57
  • May 15, 2019 11:29am May 15, 2019 11:29am
My only comment is if you think you can consistently make 5% a month, what are you doing on FF. you beat world's best hedge fund managers by a mile (may be except jim simon). you should have no trouble raising capital to become multimillionaire in a year or 2

If you really want to sustain long term, target 10-20% per ann on average and accept that some years you will just break even.
Think : Trade : Live Life
  • #58
  • May 15, 2019 12:58pm May 15, 2019 12:58pm
Quoting stt
My only comment is if you think you can consistently make 5% a month, what are you doing on FF. you beat world's best hedge fund managers by a mile (may be except jim simon). you should have no trouble raising capital to become multimillionaire in a year or 2 If you really want to sustain long term, target 10-20% per ann on average and accept that some years you will just break even.
Do you know that hedge funds manage billions therefore don't need to risk much, and btw higher risk doesn't mean failure.

Also do you know that hedge funds have much higher spread, and deal with liquidity issues ?

it's fun that you subscibed to fxcyborg ...
  • #59
  • May 15, 2019 1:04pm May 15, 2019 1:04pm
Quoting HeyYou
{quote} Do you know that hedge funds manage billions therefore don't need to risk much, and btw higher risk doesn't mean failure. Also do you know that hedge funds have much higher spread, and deal with liquidity issues ? it's fun that you subscibed to fxcyborg ...
there are hedge funds in smaller sizes as well so not everyone is running against the liquidity limits (if that is what you are referring too). Hedge funds don't have higher spreads -- they get one of the lowest spreads of all clients as they merge liquidity from multiple LPs.

how does it matter who i subscribe too.. i have no time to maintain my subscription list and dont really care who is there or not.
Think : Trade : Live Life
  • #60
  • May 15, 2019 1:46pm May 15, 2019 1:46pm
you said "world's best hedge fund managers " . they DO face liquidity issues you know.... they don't trade a couple lots.
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