11 wins and 1 loser would be nice.
.......
One Must Use A Noble Rapier To Pierce The Veil Of Mystery
Rags to Riches in 10 or 20 Trades - Simplicity at its finest
- #1,383
- Dec 16, 2013 5:38am Dec 16, 2013 5:38am
- Joined May 2007 | Status: MT4/MT5 EAs/Indicators/Alerts coder | 6,542 Posts
MT4/MT5 EAs/Indicators/Alerts coder
- #1,385
- Dec 16, 2013 7:59am Dec 16, 2013 7:59am
- Joined May 2007 | Status: MT4/MT5 EAs/Indicators/Alerts coder | 6,542 Posts
MT4/MT5 EAs/Indicators/Alerts coder
- #1,387
- Edited 2:19pm Dec 16, 2013 12:50pm | Edited 2:19pm
- | Joined Feb 2011 | Status: Trader | 1,204 Posts
So I'm a US citizen. Because of our government, offshore forex brokers are required to only accept US applicants if the broker is regulated by CFTC, which restrics leverage to 1:50.
Where do I get the required leverage? Where's the loop holes and the work arounds?
I've found:
1) Establish residency in another country (not sure how easy that is
)
2) Go to a bucketshop who are willing to break the us trade laws/CFTC regulations, for example trader's way. (not going to do, unless they are reliable, which they arent by definition .... maybe?)
edit: actually, trader's way is not likely to be a bucketshop , which is why i mentioned it
... im just being a paranoid skeptic. i actually deposited a very small amount (100) with them , lost money (just because of my skill level), and withdrew it (76 or so) without any problems .... The one thing that drew my attention to them is that they limit very high leverage to accounts with <=5000 dollars, which seems a rather honest thing to do.
Where do I get the required leverage? Where's the loop holes and the work arounds?
I've found:
1) Establish residency in another country (not sure how easy that is
)2) Go to a bucketshop who are willing to break the us trade laws/CFTC regulations, for example trader's way. (not going to do, unless they are reliable, which they arent by definition .... maybe?)
edit: actually, trader's way is not likely to be a bucketshop , which is why i mentioned it
... im just being a paranoid skeptic. i actually deposited a very small amount (100) with them , lost money (just because of my skill level), and withdrew it (76 or so) without any problems .... The one thing that drew my attention to them is that they limit very high leverage to accounts with <=5000 dollars, which seems a rather honest thing to do.
So I'm a US citizen. Because of our government, offshore forex brokers are required to only accept US applicants if the broker is regulated by CFTC, which restrics leverage to 1:50. Where do I get the required leverage? Where's the loop holes and the work arounds? I've found: 1) Establish residency in another country (not sure how easy that is
- #1,389
- Dec 16, 2013 6:10pm Dec 16, 2013 6:10pm
- Joined May 2007 | Status: MT4/MT5 EAs/Indicators/Alerts coder | 6,542 Posts
MT4/MT5 EAs/Indicators/Alerts coder
- #1,390
- Dec 16, 2013 6:11pm Dec 16, 2013 6:11pm
- Joined May 2007 | Status: MT4/MT5 EAs/Indicators/Alerts coder | 6,542 Posts
MT4/MT5 EAs/Indicators/Alerts coder
- #1,391
- Dec 16, 2013 7:10pm Dec 16, 2013 7:10pm
{quote} Remember that only experienced traders with a consistent trading method should use this very specific MM.
to quite get it...Just to clear a couple of things up....This is just apart of the arsenal and
portfolio to run along side with your other assets that should be performing as most should know that
this type of MM long term will fry you just as the pursuit of 100 percent on 1 account every month is
non sustainable but fret not fellow perfectionists because 10 percent a account is and if you got 10 accounts...
well you should get the picture by now...
they can't stop us..the ones who's innovative while thinking that is...we will always come up with the proper algorithm because it's always in the fractals...Terrence Mckenna said this
too.... so to look see and find the way either through or around they limitations and restrictions that they fool people
to willingly and unwillingly accept and receive as an condition is not what we are about because it simply doesn't
resonate within us to conform to such requests and as the notable renowned and legendary O.G of the investing
world warren buffet said himself::"It's not about how many times you're right or wrong it's about how much you
gain when you win vs how much you lose when you're wrong" so in a nutshell to apply this concept to this thread
means that if you lose/blow 10 or 20k worth of $50 accounts before successful then that means it has be time to
get back to the drawing board and the refinement of the strategy...In fact if you come in trying this and are not certain
you will get there before losing so many $50 accounts then stay with studying and mini micro lots until you're ready...
In other words in a more basic summary and format newbies and even intermediate level traders ought to stay clear
of this pursuit of this level of investing...Case and point only an expert level trader will know how to navigate through
the applications of a successful deployment of trading a form of a elaborate correlated basket of currencies or pyramid
and grid type strategies to pull this MM technique off quicker and in fewer trades because of the excessive rapid growth
in pip accumulation....
One Must Use A Noble Rapier To Pierce The Veil Of Mystery
- #1,394
- Dec 17, 2013 1:34pm Dec 17, 2013 1:34pm
- | Joined Feb 2011 | Status: Trader | 1,204 Posts
{quote} this question gets asked over and over, read the thread
- #1,395
- Dec 17, 2013 6:07pm Dec 17, 2013 6:07pm
- Joined May 2007 | Status: MT4/MT5 EAs/Indicators/Alerts coder | 6,542 Posts
MT4/MT5 EAs/Indicators/Alerts coder
- #1,396
- Dec 17, 2013 6:10pm Dec 17, 2013 6:10pm
- Joined May 2007 | Status: MT4/MT5 EAs/Indicators/Alerts coder | 6,542 Posts
MT4/MT5 EAs/Indicators/Alerts coder
- #1,398
- Dec 20, 2013 1:50am Dec 20, 2013 1:50am
- | Joined Apr 2009 | Status: Trader | 1,507 Posts
Don't give up
- #1,399
- Dec 24, 2013 9:30am Dec 24, 2013 9:30am
hello everyone, I did not read this whole topic (but I will read it). I do not know who posted the same purpose???. in my opinion, you are venturing on the money you win. capital money, you keep. it's simple and safe the big adventure. 
Trading in the zone