The bottom line is we are all circle jerking and explaining the exact same thing lol. Profit Daily is right Earnpips is right I am right its ALL the same thing! So whoever still Doesn't get it, god have mercy on your soul!
I've figured out why so many people lose money in Forex
... lol- #303
- Feb 27, 2015 10:53pm Feb 27, 2015 10:53pm
- Joined Jan 2005 | Status: ~ Noblesse Oblige ~ | 1,663 Posts
{quote} The problem is, it's only the 3 of us who are correct. Without everyone else, this thread wouldn't exist. The thread will end when everyone else realizes we are right as well.
There are those who know, and there are those who don't know.
I don't wanna talking about leverage anymore.. I don't wanna, I don't wanna lol.
I am going to watch a 1978 trading movie called "Silver Bears", starring Michael Caine, Louis Jourdan and Cybill Shepherd.
Take care guys
Each losing trade is an opportunity to learn
- #306
- Feb 27, 2015 11:00pm Feb 27, 2015 11:00pm
- Joined Mar 2009 | Status: Trader | 25,480 Posts
{quote} you know, when I was learning this wee back in the good ol'days I did it in my own corner.. by myself making all this errors and mistakes and god knows what else, but people now common lol its okay to ask for help but common! its like if we break it down even more I don't even know where will land.
... If I actually had to "think" about it everyday? 
... 
... lolA lot of folks are largely visual and "hands on" learners. So here's a thought to explain it all easily for them.
Open 3 demo accounts all with the same deposit. #1 at 50:1, #2 at 200:1 and #3 at 500:1
Mirror them together (for the new folks that means placing a trade on one account will place the exact same trade on the other two) Then simply trade. You'll see very quickly what leverage versus position (lot size) will do to your available deposit.
Ghost Rider - WWTBMD?
- #309
- Feb 27, 2015 11:01pm Feb 27, 2015 11:01pm
- Joined Jan 2005 | Status: ~ Noblesse Oblige ~ | 1,663 Posts
{quote} Yes you are right, enough forex for today!
When I used to work in a brokerage firm, they would show us the Wall street movie what a surprise.. with A B C (who knows their Trading ABC's) God knows I do lmao! There are those who know, and there are those who don't know.
{quote} All I know is just reading all this makes my head hurt.
- #312
- Feb 27, 2015 11:13pm Feb 27, 2015 11:13pm
- Joined Mar 2009 | Status: Trader | 25,480 Posts
{quote} Great explanation, Chris. If starting with the same deposit and opening the same trade sizes, equity will be the same in all three. leverage doesn't change a thing. Once again showing leverage = position size/ used margin, nothing less , nothing more. The only difference will be there may be trades you cannot open with your 50:1 NFA regulated broker because you don't have enough free margin
Ghost Rider - WWTBMD?
- #314
- Feb 27, 2015 11:20pm Feb 27, 2015 11:20pm
- Joined Jan 2005 | Status: ~ Noblesse Oblige ~ | 1,663 Posts
{quote} Great explanation, Chris. If starting with the same deposit and opening the same trade sizes, equity will be the same in all three. leverage doesn't change a thing. Once again showing leverage = position size/ used margin, nothing less , nothing more. The only difference will be there may be trades you cannot open with your 50:1 NFA regulated broker because you don't have enough free margin
There are those who know, and there are those who don't know.
- #315
- Feb 27, 2015 11:25pm Feb 27, 2015 11:25pm
- Joined Mar 2009 | Status: Trader | 25,480 Posts
Ghost Rider - WWTBMD?
- #316
- Feb 27, 2015 11:28pm Feb 27, 2015 11:28pm
- Joined Mar 2009 | Status: Trader | 25,480 Posts
{quote} The shit they did in the U.S I don't trade with U.S Brokers not that their is much to pick from even if I wanted to, plus as I've always said you never had the "security" you were promised by the regulators. They are as good as an expired warranty.
Ghost Rider - WWTBMD?
{quote} I have to say thus far I like them. As I mentioned, I intend to keep a running review in my thread. Life will be a bit complicated for me over the next month but I'm hoping I can do it maybe weekly until the full experience has been covered. Which account structure did you choose? Very nice on todays gains brother. I only had time for a couple trades today. A measly 7%. I missed yesterday all together with that "complicated" crap I referred to above.
- #320
- Feb 27, 2015 11:48pm Feb 27, 2015 11:48pm
- Joined Mar 2009 | Status: Trader | 25,480 Posts
{quote} I'm using MT4.ECN, I would have like to try Ctrader, but the spreads seemed tighter on MT4. Especially GBPNZD, was like 14 on CTrader vs 3.8-5 on MT4. I think they perhaps have less liquidity providers on CTrader, not sure. Chatted with Joe today, he said they have like 30 liquidity providers and always looking to add, so that's a good thing. Amazing how you can accomplish in a day what takes 2 weeks in the US, oops, here comes that leverage thing again.
) spreads. But given the distance she covers in a day (in more normal market conditions then we've had since Christmas), the spread is a small factor over all. She's not a scalping pair for me. I'm always looking for the runners on it. It's funny, I've used nothing but MT4 since day one for my live trading so of course I'm very comfortable with it. I've used about every other platform there is under demo conditions to test the apps. With a few tweaks that I've sent to Joe and he's forwarded to Spotware, I think cTrader could grab a very substantial portion of the market. Capable of doing it all with a very small system resource footprint is the best of both worlds IMHO. I think it's almost there.
Nice to hear about the LP's. Thus far I really do see quite a bit of evidence that TW is working hard to simply provide the best open "portal" to the market for folks.
You can always open a cTrader demo to check out the platform. I've seen no difference between the demo and live. As of yet.
Ghost Rider - WWTBMD?