If a broker is not genuinely ECN/STP then a good signal provider spells big potential losses for them - this may be the reason.
Hi Tallinex, can you give any sort of estimation as to how long it will be before the bank card option for funding will be available again at Tallinex? Thanks!!
I just funded a small live account with a broker called Simple FX. They allow U.S clients as long as account is funded with bitcoin. Leverage as high as 1/500 with decent spreads. Reviews found online from U.S residents sound positive from what I have read so far. I also checked the website out with scamadvisor.com as I usually do and it passed with flying colors.
Whoever posted about Berndale here a few days ago can you plz post it again. I believe your post was removed but it was good info.
I checked into SimpleFX. The thing that I donāt like is that they do not allow you to use your profits for margin. So youāll have to exit your position and enter again with a bigger position. This is just churning in their favor. Good idea with the BitCoin, but bad execution. Would be better if they used Dash anyway. 
Tallinex, why do you hate American residents? I donāt live in USA but I know the bad reviews might be other nationalities too. I have read a lot of other nationalities like Malaysian, Indians etc are writing complaints about several forex brokers not necessarily your company but FXCM, Hotforex and Instaforex too. Asians are more inclined to use FXCM, Hotforex and Instaforex. Maybe due to same time zone, more Americans are your clients and some of them have written those bad reviews but honestly people who get involved in forex are not stupid and ignorant, They study for months first and play with demo accounts. Unfortunately, demo accounts show immediate executions which are not available in real world environment. There are many factors involved here. Yes you are correct that an adequately funded account is needed to trade unhindered but unfortunately not everyone has hundred thousand dollars lying around. Some people are trying to do day trading and making forex trading to support themselves.
Please excuse my mentioning, Tim, that it would probably be a [I][U]very[/U][/I] bad idea indeed to re-post something the moderators have already removed once! I donāt know what the policy is here, but in most forums that would fairly automatically result in some kind of ban/suspension. Iām ājust sayingā ā¦ :33:
I agree, it would be better to ask for a PM than a repost. Not sure why TimAllen would think if it was removed once that it would stick a second time?..
Well, if they could just PM me that info, I would appreciate it. I donāt remember the screen name of that person or I would PM myself. I forgot to write that info down as I didnāt think the mods would remove the post. I believe it was removed due to email contact on the post.
Wanted to drop a note to Clint and say thank you for the service you provide. This thread has been so helpful. After MB trading got bought by the bucket shop that is Tradeking, I was really down in the dumps and didnāt know what to do. Then I found this thread. Its been great. Using the power of voluntary interactions is what Iām all about. I have just opened my account with Traders way. I feel fully comfortable with them after reading every page of this thread. Excited to get trading again with an ECN and try to make a little bit (lot) of money :13:
Hello Libertarian,
Welcome to the forum, and welcome to this thread. Iām glad you have found our thread to be helpful.
Iām sure you will be satisfied with [B]Traderās Way[/B] as your new broker. As you have discovered in reading this thread, Traderās Way is one of three brokers we have designated as Trusted Brokers ā and we made that designation after a lot of careful vetting based on feedback from live-account customers.
I wish you successful trading, and look forward to your participation in this thread.
.
If you can show any post stating that I or Tallinex hate Americans then you win a $100 funded account.
That fact is never disputed.
If only that were true!
Nor do they need toā¦ but if you have a $100 account and you open ten 0.2 lot trades hoping to fade the market, it should come as no surprise when your account stops outā¦ however, this reality seems to elude a lot of people - many of whom cannot grasp the difference between balance / equity / free margin.
Bottom line, the vast majority of traders have no clue what to do in order to trade profitably, and the most common solution is to blame a 3rd party for their failure. Sorry if that flies in the face of your assumptions, but fact is fact.
And thatās a great goal in life, but one they will only achieve through studyā¦ and most people have zero desire to study - thatās why sales of Forex courses fell through the floor back in 2007 and sales of $97 EAs went through the roof.
Instaforex is an outright scam, Iām highly doubtful they allow their clients to slip a hand in their pockets. FXCM and Hotforex are much better options for traders, I tried both of them and had only positive experience.
Well, most people are using EAs even most of your managed accounts are handled by EAs. EAs cannot handle market dynamics all the time and fail if not monitored properly. Yes they are great tools and yes agreed that $99 EAs are not good for doing forex accounts. The more commercial tools not readily available are better but still all these EAs require still humans to properly monitor as I am learning slowly from forex gurus. Forex is a 24/5 market and personally now I know a lot of people running one managed account. Using very conservative approaches the most they can get is a 2 percent return average per month. When I see the higher results from managed accounts on your website as well as others, I get confused. The more I am reasearching and getting forex training the more I am learning.
What on Earth makes you imagine this, Tim?! :eek: :eek:
Looking at myfxbook and other brokers I see all of them using automated strategies. Manual or mixed trading are somewhat very few. Forex gurus tell me these tools are bound to failure if no human supervision is present. They tell me to avoid any EAs and do manual trading only.
These tools help in instantly realizing pip changes as they are much faster than humans but ultimate decision should be under human control.
I am completely new to forex and I am currently taking courses in forex trading. I have not opened up a live account yet only demo accounts that I blew up after sometime. There is a lot of patience and a lot of training required as Tallinex rep stated earlier.
I have a personal friend who trades forexā¦ granted she trades her own money, not a managed account of other peopleās money, therefore, she can set her risk as it suits her. She consistently pulls 20% per DAY out of the market, and often times more than 20%. Sheās not a one hit wonder, sheās been trading profitably for years. Iāve seen her broker statements and her stats.
Always be willing to question what you think is possible.
Why donāt you do us all a big favor here, sknight1, and just ask your trader friend [B][I]EXACTLY[/I][/B] and [B][I]PRECISELY[/I][/B], āspelling it out,ā how she consistently makes such great profits? Then you can tell us in a [B]brief [/B]manner her secret. Now I believe that Clint prefers that trading strategies not be discussed on this forum, but should instead be posted on the āShow Me The Moneyā thread, which is understandable. However, he may be willing to say nothing and let it slide by since it can be tedious, time consuming, and even sometimes seemingly impossible to locate a certain good posting on another very crowded forum. The issue of how to obtain profitability, though, certainly is a quite relevant topic on any forex forum. Without consistent, net annual profitability the entire world of forex trading, onshore or offshore, collapses and trading should then be restricted to a demo account while continuing to search for a decent strategy.
If your trader friend is like most other spectacularly successful traders, though, I suspect that she will just generalize and not really explain completely how she does it. Perhaps sheās afraid that if she tells the whole world everyone will start doing it, everyone will then get super rich, especially the brokers, and retire, and no one will be left to maintain the day to day business of the forex brokerages, etc., or has some other silly reasoning. So at least give it a try, sknight1, and see what she says.
Well if she can show us all how then I think even George Soros would hire her in a heart beat. After talking to many forex professors and gurus in day trading this is impossible to achieve everyday but hey more power to her if she is able to achieve this impossible feat. There are some losses in weeks and people are able to gain everything they lost in a few days as it is a highly volatile business. The best way is to achieve an average gain enough to make you a successful trader. Some people with 500,000 USD who do day trading can make an average of 75k per year with a conservative approach. That is 15 percent average and these are successful traders. I really like to know how your friend does it though as I am being taught forex is very volatile market and to play it safely in there. It takes years of training and experience to be a successful trader. Even then the best and experienced traders loose sometimes. .
I donāt know why people suggest manual trading without e.a.'s there are plenty bad e.a.'s but many good ones too, The best private traders are using āe.aāsā especially the largest institutional hedge funds and banks but they call them quants and have several teams working on them 24/7. Manual intervention, removing old & developing new and or optimizing and updating code+parameters is essential every system is set for a specific type of market you must have allot of experience to know when to turn off set systems and increase risk on others and vise versa, People are always asking for the secret lol there is none you can not learn or copy someones strat w/o understanding the fundementals yourself but if you did you would Already be making $, plus anybody can make more wins than losses the problem is you need to have patience & discipline above anything, but that is not teachable! 15% i hope your talking about stock market because that is pretty weak if im honest, because a decent commercial e.a. Can do %50 anum with under 9% DD so why waste time manually trading?, now when you use many non commercial and commercial tweaked e.a.'s you can double your account a week a day and a hour i have seen real 10$ Grow to 100,000$ In a little over a year(e.a. With manual intervention) Any time there is major volatility i double my account on the move usually all happens in an hour or two just be disciplined to only ride the waves when the waves are good!, but dont do so without more money than you are comfortable losing assume worst case scenario because it will happen eventually so have the right MM the best traders trade only 1lot max on 100,000 and make 10,000%! Another better trader trades only 0.01 per 10k lol i know right, but he does more than 100% monthly because he never losses, Emotions=cloud judgement, thats why people always make ez money on demo accounts if you cant win on demo, run Away this is not for you! Save you hard earned cash!