There is a service that allows you to upload your forex broker accounts for public viewing and detailed analysis: sharp ratio, standard deviation, draw-down etc. I won't name the URL since it seems to be against ffactory policy, but with google you should find it or merely asking around.
There are hundreds of broker firms and the only firm worth bothering with for trading stats purposes is our beloved Oanda. Their spreads are the best, regulated by the NFA and FSA and they are unlikely to partner with these sites to upload fake accounts, since Oanda is generally considered to have very high ethical standards.
In contrast to your lesser well known brokers from Russia or Kazakhstan or similar banana republic generating hundreds of fake trading data for these sites so they can ensare investors to invest in their PAMM scams.
Filtering these Oanda accounts with 40% drawdown provided only four accounts with profits around 20% - 1% and even 40% draw-down is unacceptable. Previously this specific forex account stat site did not have a filter button to filter out Fruitcake forex firm run by Boris, his mother Doris and brother boomer out of their basement in Russia or Mauritius. Only NFA or the UK FSA regulated broker firms trading accounts generated by traders are worth bothering with. Now finally there is a button to zero in on Oanda.
In fact I have a standard rule when it comes to anybody peddling a trading system or scheme: It must be an Oanda real account to begin with before I will even take note. For the simple reason that a serious trader will use the lowest spread firm.
Oanda publishes stats that only 25% of their trades make a profit each quarter. But if 25% of this 25% again only makes a profit, after one year less than 1% are profitable.
Furthermore if you watch forums like Forex factory you will note how active posters suddenly disappear: they are too embarrassed to admit they lost all their money in their accounts and that this forex trading didnt' work for them.
There are hundreds of broker firms and the only firm worth bothering with for trading stats purposes is our beloved Oanda. Their spreads are the best, regulated by the NFA and FSA and they are unlikely to partner with these sites to upload fake accounts, since Oanda is generally considered to have very high ethical standards.
In contrast to your lesser well known brokers from Russia or Kazakhstan or similar banana republic generating hundreds of fake trading data for these sites so they can ensare investors to invest in their PAMM scams.
Filtering these Oanda accounts with 40% drawdown provided only four accounts with profits around 20% - 1% and even 40% draw-down is unacceptable. Previously this specific forex account stat site did not have a filter button to filter out Fruitcake forex firm run by Boris, his mother Doris and brother boomer out of their basement in Russia or Mauritius. Only NFA or the UK FSA regulated broker firms trading accounts generated by traders are worth bothering with. Now finally there is a button to zero in on Oanda.
In fact I have a standard rule when it comes to anybody peddling a trading system or scheme: It must be an Oanda real account to begin with before I will even take note. For the simple reason that a serious trader will use the lowest spread firm.
Oanda publishes stats that only 25% of their trades make a profit each quarter. But if 25% of this 25% again only makes a profit, after one year less than 1% are profitable.
Furthermore if you watch forums like Forex factory you will note how active posters suddenly disappear: they are too embarrassed to admit they lost all their money in their accounts and that this forex trading didnt' work for them.
