This is great news MAC, very glad to hear
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DislikedI have had a bit of a set back. My appendix burst and unfortunately it was 9 days before the docs got the correct diagnosis via ct scan. That meant the thing had gone mega septic and had to be removed via a large incision and not the usuall key hole surgery they usually use these days. That meant another 8 days in hospital and 4-6 weeks recovery after that. My trading funds needed to go back into my business account to pay bills and wages leaving me effectively broke again.
I am lucky to be alive so I am not as pissed about it as you might think....Ignored
Disliked.
What keeps a experienced trader like you from trading with lets say Interactive Brokers or any other more respected broker?
Thanks in advance for your answer.Ignored
DislikedThanks for dropping by QuadrupleX
I rejected I.B because there spread was not competive. Same for dukascopy. I like M.B.T but they do not support AUD accounts as yet. The best I can come up with that suits my needs is Go Markets in Australia but I dont trust them. They are a market maker but claim not to be so how can you trust them when they start with a lie?
It is no longer an important issue for me at the moment as I dont have any funds to open a new account with.
I dont like Oanda because they widen spreads to support their own bottom...Ignored
DislikedIf you don't mind. What would you consider a good broker,MBT? Thats it?
ThanksIgnored
DislikedTodays results.
10 trades +38pips 1.9% return
Oanda spread was 1.3pips
First five trades had no winners. You might notice that I took two positions for the next two trades after my losing streak. Increasing the size of your positions to recover losses is a form of martingale and considered a big no no. For the most part I agree and don't recommend this practice.
My justification is, the longer I am trading the market, and the more losses I get, the better I get at working out what is actually going on. I become more confident in...Ignored
DislikedHi Dough. And i have Oanda Europe and the spread is unstable and sometimes bigger than 1,3pips on EU... GU 4pips often...Ignored
DislikedI understand what you mean .. i had a rise of 82.96% this month on my account which is definitely not sustainable.. I am looking for consistentcy and the ability to pull money out of the forex market's arse and not luck ... am into my third week now and i will update you about my total % increase in account by the end of the month. I am using 2 -3 mini with a leverage of at most 15:1
Warmest RegardsIgnored
Disliked13.6% return this week but Im not that happy about it - its a little too good. This result is not sustainable,Ignored
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I dont intend to repeat the experience anytime soon and I am taking the rest of the week off to take care of some pressing issues in my "other" life.Ignored