Since I funded my account with $500 that already below $1k than according to their terms I shouldn't have 1:500. They didn't even honor their own terms. They changed the leverage while the trade is open.
If it states that accounts under $1000 have max leverage 1:100, then you only have yourself to blame for setting it at 1:500. Their changing it to 1:100 is within the terms you agreed to.They just took the profit that I made when I had two profitable trade.
I don't think their ECN is legit ECN. If you look at there ECN quotes the sixth number is either 0 or 5 in all the currency pairs all the time. I never seen these kind of quotes in any ECN platform. They claim to be ECN but they are market maker and they have dealing desk.
No body asked for your guess. Every one has their own style of trading and risk management. Forex is a gamble. Every investment is a gamble. I think u know better than me because you have 3 years experiences. If u work in a gas station or anywhere you will be sure that you will get the paycheck. But in forex you never know anything could be happen. If you are making money than there has to be someone losing money somewhere. If this is not a gambling than what is this?
Trading is not gambling. You are hopefully opening positions based on sound analysis. It takes years of training to become a successful trader. Many people think you can become a successful trader overnight using their latest and greatest holy grail indicator. Those are the ones who spend way too much energy blaming others for their losses instead of learning from them don't you agree?
