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myfxbook FXDD Demo Contest 14 replies

unbelievable gains in myfxbook

Quoting Xaron
Well, I do.
Yes, but (correct me if I'm wrong) you're doing it to attract clients, not to let anyone duplicate your results.

Also the trades are not reported in real time but with a 5 min delay at the best case, which makes it hard to copy your trades and get the same performance.
Quoting wilkinson
How do you define a successful trader?.
somebody who does it full time with no other income is a good requisite.

Quoting wilkinson
If a trader is successful, the only reason he would be in an online community is to make more money - either by selling his system or looking for clients. ?.
Actually, you are making a blanket statement and that is not the only reason why traders join communities/teams. Some people just actually enjoy collaborating and helping others.
I will say there will be a marketplace added to currensee and it will help connect those looking for info to those who are selling services.

Quoting wilkinson
Now you say you found some successfull traders there - I find that very hard to believe. Why would a successfull trader share his trades and system with you and even in real time so you can just duplicate his trades? ?.
You can find it hard to believe, that's fine. Of course not all systems are shared and only the people on your team can see your trades, so it is selective. There are people collaborating and being helpful but doesn't mean you have to serve up your life's work on a silver platter to everybody.

Quoting wilkinson
That's why I'm sure the traders you think to be successful are not - they are there just like you, to learn to trade better.
Ok...

Quoting wilkinson
So on that note, I would just stick to forexfactory, as there is plenty to learn here.
There is no forum there so I definitely visit forexfactory and other 4x forums.
taking series 3 and 34
Quoting skorcht
I will say there will be a marketplace added to currensee and it will help connect those looking for info to those who are selling services.
Ok, I clearly see now you're from currensee also, so I consider this spamming.
Quoting wilkinson
Yes, but (correct me if I'm wrong) you're doing it to attract clients, not to let anyone duplicate your results.
No. I don't do it to get clients. The reason is simple. I'd do it but due to regulatory issues here in Germany it's just impossible to do legally. And it's simply not worth the trouble.

So I just want to show what might be possible. I'm just a statistics freak.
Quoting Xaron
No. I don't do it to get clients. The reason is simple. I'd do it but due to regulatory issues here in Germany it's just impossible to do legally. And it's simply not worth the trouble.

So I just want to show what might be possible. I'm just a statistics freak.
Got it. That one didn't came up on my mind.
i don't know about you guys but their advertisement rocks!!!!
The problem i noticed with myfxbook is they keep calculating your gain based on your deposit. That where the issue arise and make all the calculations goes wrong.

contract size traded of 1k account is differ to 100k account as well as the profit is generated with higher contract size. As you go forward, you increase your trading size (If you are making profit ). as such, you get an unbelievable gains on myfxbook calculation. So i would say its wrong instead of unbelievable gains.
Quoting expertreview
The problem i noticed with myfxbook is they keep calculating your gain based on your deposit. That where the issue arise and make all the calculations goes wrong. contract size traded of 1k account is differ to 100k account as well as the profit is generated with higher contract size. As you go forward, you increase your trading size (If you are making profit ). as such, you get an unbelievable gains on myfxbook calculation. So i would say its wrong instead of unbelievable gains.
Also check this
https://www.forexfactory.com/showthr...6#post11194586
Quoting expertreview
The problem i noticed with myfxbook is they keep calculating your gain based on your deposit. That where the issue arise and make all the calculations goes wrong. contract size traded of 1k account is differ to 100k account as well as the profit is generated with higher contract size. As you go forward, you increase your trading size (If you are making profit ). as such, you get an unbelievable gains on myfxbook calculation. So i would say its wrong instead of unbelievable gains.
Also check this
https://www.forexfactory.com/showthread.php?t=781259
Your Myfxbook account performance based on your real trading performance. You also can check others performance.
Quoting JosepeMilo
Your Myfxbook account performance based on your real trading performance. You also can check others performance.
On that site; all data is not real; I see so many unrealistic movements on there. So, new traders should be careful.
Sounds not authentic completely , please don’t take this opinion personally , its according to me just
Quoting johnedoe
You need to take a closer look at the accounts....... They are using excessively high leverage and it's basicly a balls out pure gamble...... ON DEMO ACCOUNTS....
Its true If you take a closer look, you'll notice these guys take it as pure gamble. And as a matter of fact, most pros can achieve unrealistic results on demo. I think as a trader, just stick to your strategy. , you'd be overcome by greed to an extent of taking a very high leverage or trading without stop loss like they are doing.
  • Post #34
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  • Last Post: Apr 10, 2019 2:51am Apr 10, 2019 2:51am
Small accounts and take too much size

Example you open an account with 200$ get leverage of 500:1 take a 1 lot trade make 20 pips (roughly 200$) theres 100% return
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