amdudus wrote: Wed May 02, 2018 9:15 pm
What will a broker do if I earn stable money?
Many people who are potentially interested in trading and investing in financial markets are captivated by delusions that it is impossible to receive a stable income on Forex, that brokers simply do not let their traders make money and profit from trusting clients. This stereotype is constantly reinforced by the yelling of "deceived financial tycoons" who, when they came to the market, began to trade immediately on a real account, without any system, and safely lost all their money. Naturally, 99% of such "traders" blame the broker in everything, and Forex seems like a giant scam. However, in practice everything is not so simple.
Is it profitable for a broker to make his traders profitable?
...more at page 28
Excellent post amdudus. Thank you.
been demo trading for many months, but after reading a post from mladen that it took 1.5 years to go live I felt that I should do lot more homework. without proper mm and psychology, I can understand how easy it is to get sucked into the system. Well, one of the pinching doubt that i had is what you have spoken about.
From your article, if I understand correctly its true in a way that brokers dont like traders with consistent success. makes sense, why else one would give you 1:800 leverage. While leverage is not bad when we understand how best to use that opportunity, but most people use it wrongly I guess.
Now, since most of the brokers are ECN and you sign up with them online, at what point you can negotiate the contract? Is it possible to have a different contract with a ECN broker?
As you mentioned, I will not go with anyone unless they are regulated in the certain set of countries...
As you said, if someone can make even 4% gain a day then within a month they can double.. easy to say but sure difficult to achieve I suppose. Hypothetically, if someone can do that, what is the best suggestion to defeat the system and be in the game and make money? Is it even possible to make big money from the market,?
How does it work for corporate clients, do they also get such treatment?
What is the realistic expectation from forex market? Are there people who make 25 to 50k per month consistently (not considering the capital they have)?
hope to hear from you amdudus.