Quote:
Originally Posted by sieger007
Hi Folks
My Story with IBFX : Initial Deposit $2500. Made profits . Very nice. Upto $10,000. Liked stuff - so put in even more money. $5000. Profits went upto $30,000. Then all of a sudden , had stream of ugly looses. Lost all that faster and now zeroed that ac.
Total invested $8000 gone down the drain.
Early days looked promising and later what was happening - I felt that it directly went for my stops and took just the opp positions to what I was taking. Whenever I tried to scalp on an Eco Report that I knew would go some way, if always knocked me off that position before anything occured . Also the Fx events on the charts where not on in synch with the Eco report but before and after that. That was not the case earlier.
I wondered - could Mt4 be programmed to go 180 deg against your position, so as to take u off completely ?
I dont really understand - is that what we call " dealing desk" or is this a common exp with all half baked folks like me.Could this be just an "impression" and the real fault is that I dont know Fx trading- more Homework is needed ?
But that why this sudden - anti profit behavior of IBFX now that was not earlier ?
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You took on way too much risk. That is why you had those great gains. The same risk is why you gave it all back and your deposits.
I have been using IBFX for a while now and no problems at all. No, I don't work for them.
There's another website around that specializes in crying about your broker when you lose all of your capital. FPA will give you much more support.
If you ever wonder about one brokers feed vs. others, it only takes 5 minutes of your time to check it out. When I first started I would check different feeds because of all the threads like this that I read. I don't bother checking anymore because I have
never found one feed vs another to be more than a pip or two off.