- Joined Mar 2010 | Status: Member | 5,893 Posts | Online Now
Forex can only be understood backwards, but it must be traded forwards.
Real professional trader passes fake "prop firm" challenge 3 replies
Metatrader Optimizer freezing on random passes 1 reply
1 passes done during optimization results discarded insignificant. 10 replies
US intervention for the dollar 14 replies
Disliked{quote} IG pro level 2 is 100:1, so I guess that gives up 5 months to double our accounts such that it won't make a difference. Really sucks that they decided to go ahead with it - this will absolutely kill new traders and act as a massive disincentive for anyone who wants to get into trading in Australia.Ignored
Disliked{quote} This pretty will stops me trading a large portfolio of EA’s now. I will just have to cherry pick the best ones and cut the rest. The cheap money was always coming to an end.Ignored
DislikedASIC Commissioner Cathie Armour said, ‘Heavy losses sustained by retail clients trading in highly leveraged CFDs and ongoing market volatility during the COVID-19 pandemic highlight the need for stronger CFD protections in the product intervention order.’ ‘The leverage ratio limits in the order aim to reduce the size and speed of retail clients’ losses by reducing CFD exposure and sensitivity to market volatility. This follows similar measures introduced in major overseas markets, including the United Kingdom and European Union’ Commissioner Armour...Ignored
Disliked{quote} decreasing speed of loss lol. doesnt this mean that she acknowledges that with high or low leverage, most will still lose money? what is the point of regulating leverage then "in the name of client protection" when eventually all roads lead to rome Spot on Bic, And. What happened when the leverage reduction was implemented in Japan (~2014) was that traders - simply upped their margin with extra deposit. https://financefeeds.com/european-le...e-investigate/ Same with UK I think...Ignored
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, perhaps get that chocolate bar from vanuatu, apparently it is the promised land, overflowing with milk and honey. i heard you can get 500 for the price of 1 there.
on a serious note, which broker currently offers demo at 20 or 30 leverage? all that i've looked at are offering at 1 or 50 lowest.Ignored
DislikedCan someone explain to me the logic behind the mantra "low leverage=client protection" that is now ASIC's turn to hide behind-- the way ESMA did previously? If this were really the case, how come a big broker like Swissquote still offers 1:100 leverage? Does that imply they're not concerned about protecting their clients? Of course not!Ignored
DislikedCan someone explain to me the logic behind the mantra "low leverage=client protection" that is now ASIC's turn to hide behind-- the way ESMA did previously? If this were really the case, how come a big broker like Swissquote still offers 1:100 leverage? Does that imply they're not concerned about protecting their clients? Of course not!Ignored
Disliked....decreasing speed of loss lol. doesnt this mean that she acknowledges that with high or low leverage, most will still lose money? what is the point of regulating leverage then "in the name of client protection" when eventually all roads lead to rome.Ignored
DislikedTime to get your money out of those small time brokers before they go bust. The only advantage I see is they will have to stop preying in Aussie retail traders.Ignored
Disliked{quote} So what are some Aussie futures forex brokers that cater to "small fish" - ie. retail?Ignored
Disliked{quote} Yes 1:50 is the lowest now. But they all will. It's just not on anyone's current options. I contacted my a/c manager and told them I wanted to TRY the 1:30 because of the ASIC ruling so they opened a demo a/c for me with that particular leverage. Just ask them. And tell them its because of the impending ASIC ruling. If they want your a/c after March they will provide a demo for this silly 1:30 (The shining light on the ruling is the negative balance protection. A massive volatility will occur one day now, don't know when. Too much geo-political...Ignored
Disliked{quote} I trialled IC Markets a 1:25 demo account last night with a $10K balance to see how large my trade size could be and was very disappointed. All I could use was about 2 full lots and that was it. Since I normally put through in excess of 250 full lots a week, certainly I will need to trade an account of at least $100k if I kept my account based in Aussie.Ignored