Am I missing something? Wake me from my trading dream!

That’s a different company. “Regulated in the Bahamas” means “unregulated”. Run!

Very good! :sunglasses:

There’s no “after all” about it. It’s betting, pure and simple.

Cyprus, Malta and Bulgaria are not quite so good for regulation. Anything else in the EU is fine. (Also UK and Switzerland regulation are very good).

A good rule of thumb is to have $250 (or in your case 250 Euros?) in your account for every 0.01 lots you’re going to trade in terms of position-size. So with a 1,000 Euro account, you “would perhaps want” to trade a maximum 0.04 lots.

Some people would say $300, not $250, in which case maybe 0.03 lots not 0.04 lots. Opinions vary.

If the “10,000 units” you mentioned equates to 0.1 lots, you “would perhaps want” 2,500 to 3,000, for that.

But scalping and spot forex do tend not to go together, you know? It works on demo (so the “broker” can attract customers) but often not with real money.

The post below and the links inside it are among the many that explain why. Have a good read! -

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