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The5ers - Trading & Growth Program

  • #321
  • Sep 26, 2020 11:31am Sep 26, 2020 11:31am
The statement that you make "that he has no idea how to trade" I humbly disagree with. Yes Risk management is part of trading but this program requires a trader to be on his game when it comes to the Risk Management part.

Quoting Techanalyst
{quote} That would mean that you have no idea how to trade, and your money management is no good. That would be a sign, go back to demo, and trade until you get it right. No, once you lose the certain amount, they will disable your account. You can always comeback.
  • #322
  • Sep 26, 2020 11:35am Sep 26, 2020 11:35am
Quoting ElectricSavant
Finally found the answer: 5 Risk Violations {quote}
Good to know. But this type of information should be included in the terms and conditions and in the FAQ.
  • #323
  • Sep 26, 2020 11:51am Sep 26, 2020 11:51am
If I were the owner of this company, I would have it cleaned up on that site. The site is unnecessarily extensive and repetitive. For me it was a very unpleasant and tiring experience to browse your site. Several pages repeating the same thing and other pages that are totally useless. Only on the homepage there are links to more than 50 pages, this is insane.
  • #324
  • Sep 26, 2020 11:54am Sep 26, 2020 11:54am
Quoting TrendLover
If I were the owner of this company, I would have it cleaned up on that site. The site is unnecessarily extensive and repetitive. For me it was a very unpleasant and tiring experience to browse your site. Several pages repeating the same thing and other pages that are totally useless. Only on the homepage there are links to more than 50 pages, this is insane.
There's a ability called the art of surfing, if you know how to browse, you need to read a total of few sentences to clarify what's all about. For me, website is not that bad, everything is in front of you and you can get the information you need by reading the keywords.
  • #325
  • Sep 26, 2020 12:17pm Sep 26, 2020 12:17pm
Quoting fuadik88
{quote} There's a ability called the art of surfing, if you know how to browse, you need to read a total of few sentences to clarify what's all about. For me, website is not that bad, everything is in front of you and you can get the information you need by reading the keywords.
Of course not, man. The key to success in these challenges is to read and understand all the rules and details. If a site has 30 pages I want to know what is on each page to avoid falling into traps. I don't play with my money. I am not irresponsible.
City Traders Imperium has a funding program equal to The5%ers, but look at their website, it is much cleaner, simple and straightforward. The entire site only has 9 pages.
  • #326
  • Sep 26, 2020 12:20pm Sep 26, 2020 12:20pm
Quoting TrendLover
{quote} Of course not, man. The key to success in these challenges is to read and understand all the rules and details. If a site has 30 pages I want to know what is on each page to avoid falling into traps. I don't play with my money. I am not irresponsible. City Traders Imperium has a funding program equal to The5%ers, but look at their website, it is much cleaner, simple and straightforward. The entire site only has 9 pages.
Yes I looked at CTI, but also I didn't surf 30 pages in the5ers, all you need is the rules page, growth plan page, and 2-3 questions you ask here to staff, in my opinion.
  • #327
  • Sep 26, 2020 12:27pm Sep 26, 2020 12:27pm
Quoting TrendLover
If I were the owner of this company, I would have it cleaned up on that site. The site is unnecessarily extensive and repetitive. For me it was a very unpleasant and tiring experience to browse your site. Several pages repeating the same thing and other pages that are totally useless. Only on the homepage there are links to more than 50 pages, this is insane.
Hey @TrendLover
Thanks for the feedback
We are aware of this, and are working on the site in order to optimize it
We are Forex traders - Come trade with us
  • #328
  • Sep 26, 2020 1:32pm Sep 26, 2020 1:32pm
I do not interpret this as a hard and fast rule...it's best left undefined and up to their discretion. I think Risk Warning Notifications should be used to help keep the trader on track. This is a hard thing to communicate as Traders like rules but I personally think it is best left up to the team that handles these matters.

ES

Quoting TrendLover
{quote} Good to know. But this type of information should be included in the terms and conditions and in the FAQ.
  • #329
  • Sep 26, 2020 1:42pm Sep 26, 2020 1:42pm
For me in the beginning I use the art of surfing but after I am interested I am compelled to read every...word...letter....claim....education...etc. I usually drive the owner of the website crazy with my queries. So all that info I find helpful at the 5$er's website but only after getting very interested! I now am attending their trading room and going through all of the seminars and any other info.

If I am not a good enough trader to make it...I would apply for a job there as I believe in what they are doing which is the only thing for me. These folks are the most fair folks I have met in trading and I want to be a part of what they are doing as a trader or admin.

ES

Quoting fuadik88
{quote} There's a ability called the art of surfing, if you know how to browse, you need to read a total of few sentences to clarify what's all about. For me, website is not that bad, everything is in front of you and you can get the information you need by reading the keywords.
  • #330
  • Sep 26, 2020 9:15pm Sep 26, 2020 9:15pm
Quoting ElectricSavant
The statement that you make "that he has no idea how to trade" I humbly disagree with. Yes Risk management is part of trading but this program requires a trader to be on his game when it comes to the Risk Management part. {quote}
Risk management is #1 I agree. But you can't only trade base on that. You can have 0.4% risking and that is fine, but if you do not know how to read price action or supply/demand order flows, than you will lose all the money in the account. So...

1. Risk management.
2. Technical analysis.
  • #331
  • Sep 27, 2020 7:02am Sep 27, 2020 7:02am
What Financial Traders Can Learn From the Game of Golf

Golf and Trading - This post describes parallels between golf and financial trading. it will give you insights to help improve your trading performance.

https://the5ers.com/golf-and-trading/
We are Forex traders - Come trade with us
  • #332
  • Sep 27, 2020 11:26am Sep 27, 2020 11:26am
Quoting The5ersTF
What Financial Traders Can Learn From the Game of Golf Golf and Trading - This post describes parallels between golf and financial trading. it will give you insights to help improve your trading performance. https://the5ers.com/golf-and-trading/
The only thing of concern seems to be the relative drawdown..! You need to have the space to flex your muscles, once you are on the positive side. Just like you said, we can add positions after we move the SL to BE, the criteria of relative drawdown also should have a rethink. It'd have been certainly better... if you make it to absolute drawdown.
  • #333
  • Sep 28, 2020 11:42pm Sep 28, 2020 11:42pm
EURUSD.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURUSDweekly.png Size: 40 KB
Click to Enlarge Name: COT1.png Size: 24 KB
  • #334
  • Sep 29, 2020 3:57am Sep 29, 2020 3:57am
Supply & Demand Advanced Trading Concepts Part 4 - Free Webinar

Tuesday, September 29, 2020 | 10:00AM EDT

Sign up and reserve your place
We are Forex traders - Come trade with us
  • #335
  • Sep 29, 2020 11:19am Sep 29, 2020 11:19am
Forex Trading Room September 29, 2020

Here's today's recording Forex Trading Room Session.

Inside Today’s Forex Trading Room Session we did a weekly analysis and projections. We also scanned the markets for some scalps. We found a consolidation setup on the USD/JPY. It took a while but it finally broke in the direction we were looking for!
We are Forex traders - Come trade with us
  • #336
  • Sep 30, 2020 7:01am Sep 30, 2020 7:01am
Dominating the World of Risk – How to reduce your trading risk

How to reduce your trading risk?- In a market environment full of uncertainty, those are the tools that will help traders dominate risk.

Without a crystal ball or some other clairvoyant lens into the future, you can’t expect all (or most) of the changes in the market. Still, you have to be providing a steady income and reduce your trading risk, if you want to make it as a professional trader.

In a market environment full of uncertainty, what tools can we give traders to dominate risk?

For the full article
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  • #337
  • Sep 30, 2020 11:21am Sep 30, 2020 11:21am
I would love to use the 5%ers but they have an awful margin of 1:5.
  • #338
  • Sep 30, 2020 1:46pm Sep 30, 2020 1:46pm
But if you had 1.2 mill to trade...how would you feel then? Also as soon as you move your stops up you get more exposure when they exceed BE.

Check this out

Quoting GodRa
I would love to use the 5%ers but they have an awful margin of 1:5.
  • #339
  • Sep 30, 2020 1:50pm Sep 30, 2020 1:50pm
Quoting ElectricSavant
But if you had 1.2 mill to trade...how would you feel then? Also as soon as you move your stops up you get more exposure when they exceed BE. {quote}
I'll feel blown up because 1% of 1.2 million account is 2x of yearly salary in my country lol, sh*t what a fairness...
  • #340
  • Sep 30, 2020 1:57pm Sep 30, 2020 1:57pm
Quoting ElectricSavant
But if you had 1.2 mill to trade...how would you feel then? Also as soon as you move your stops up you get more exposure when they exceed BE. Check this out {quote}
So what. I did a EURUSD trade today risking 1% of my account (1:100 margin). If I used 1:5 margin I would not have enough to cover. This restricts my trading too much.
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