{quote} 1% on 500x leverage is a lot... And it is the movements, not the final displacement.
Ignored
No straight broker uses more than 100% even then 50 is tops. Prime liquidity will not take on that risk and provide liquidity for that shop. Without a doubt that broker is a bucket. It is absolute certain that broker is running a B-book and is trading against its clients. Without even asking I know that broker advertises as an ECN/Abook and couldn't be further from the truth.
I'm not against leverage, I'm against the what those shops do to their clients that offer that leverage.
Didn't want to detract from the subject, but people here NEED to know what those types of brokers are really.
THESE PEOPLE WITH COLORED BADGES ARE NOT PROFESSIONAL TRADERS
Mainly NASDAQ
I mainly go for it to 50-100 points risking 20-25 points depending on the set up.
I try to keep it very simple I don’t like cluttering my charts with indicators
personally they are unnecessary at this point for me
The fact that over 90% lose is due to the lack of qualifications. If 100 of us had to land a plane tomorrow, how many would be successful? Probably not a single one... But you don't need a pilot's license to start trading. That is why so many traders lose money. If it was mandatory to do a 3 year full time education before the very first live trade (as it is common for all professions) then many more people would be successful.
And please don't blame brokers or the like for the failure. It is in your hands.
Cheers
Definitely not 6 trillions dollars of transactions per day.
Should be 6 millions per day, why?
Let me tell you why.
Whatever I am holding, be it just 1 or 2 lots, the price will go against me. Because when I don't sell, there is no liquidity. Once I sell my "mega" 1 to 2 lots, the market are alive and will start to move towards my direction!
Not many people trading forex. Definitely not 6 trillions dollars of transactions per day. Should be 6 millions per day, why? Let me tell you why. Whatever I am holding, be it just 1 or 2 lots, the price will go against me. Became when I don't sell, there is no liquidity. Once I sell my "mega" 1 to 2 lots, the market are alive and will start to move towards my direction!
Ignored
Yeah...sounds about right haha..
Seriously though, when you find this happens you need to assess the pair, the time and any news etc surrounding it. That is why entry is important and is too neglected. Most of the forexfactory turn on their platforms (or worse..their cellphones) and go.
You need to get as tight as possible with your rules base and then even try to break up the trade into several parts.
You are right, the market is reactive. It's all predominantly computer algo and who knows what your broker is up to as only two % are not B-book brokers.
THESE PEOPLE WITH COLORED BADGES ARE NOT PROFESSIONAL TRADERS
