I have no problem whether anyone is consistently profitable.
But if you post that stupid huge leverage trades and brag about it, I will point out the only result you will get from such trades is ruin of your account, and also it is a proof that you are a thousand miles from consistent profitability.
Arguing against me only prove you are not in the group of consistently profitable traders.
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Not really contributing to this thread in a positive way. Some people are like that. No matter what you do, they will always be negative and criticize people. Even worse, when they cannot be bothered to read. Spreading misinformation and making assumptions is not beneficial. Better to not keep replying to such nonsense.
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Agreed and deleted. Maybe next time such people could list their long list of superior trading accomplishments. Just so we all can line up to give them adulation they so richly desire. ĀÆ_(ć)_/ĀÆ
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None of the banks Iāve looked at mention bitcoin deposits on their websites, so itās doubtful any of them do. Still looking into things like crypto.com as an option, but they have a $1000 ATM withdrawal limit per month, which is just silly. They arenāt anything official you can trust as of yet. Thanks everyone for the info and the search continuesā¦
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search continuesā¦Iām on it.
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I would imagine that cryptocurrency may be difficult for banks to insure. They also have little incentive to offer services around it since most customers that require it are likely only a very small minority at this time. Until crypto becomes more mainstream, it may be difficult to find a banking institution that offers it, unless they are smaller, unknowns that are not FDIC. We might see companies like Coinbase eventually expand their offerings, but that might come with its own set of problems.
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Wondering if anyone has looked into transferwise or revolut to move money from places like EagleFX, Coinexx or FXChoice? Transferwise and Revolut will do iban to get around all the issues with swift. One would not be exposed to crypto problems.
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Iām certain there are secret banking rules and regs that we arenāt aware of that prevent any traditional banks from getting into bitcoin deposits, let alone ANY crypto deposits - but if you google āonline banks USAā youāll see a dozen of these online only banks trying to make names for themselves and get business, so itās shocking to me that not a single one of them has said āletās get ahead of the curve and corner the bitcoin/crypto marketā by embracing this stuff.
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but you still have to transfer the money to somewhere in order to spend it, which is my issue. I can use Coinbase Pro and CashApp anytime I want, but itās a middleman that handles my bitcoin withdrawals from my broker, and potentially a freeze on the account or grabbing extra fees or anything they want, basically - thatās what I personally am trying to avoid.
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Iām curious what role Coinbase really plays with this banks that have a ārelationshipā with them. Are they transactional only or will they also act as gatekeeper as they do now.
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At this point I wouldnāt care if they have a sponsor partnership and get some sort of kickback. If an actual, good online bank would partner with Coinbase or Cash App (I think Ally was mentioned by me as being able to link your bank account to your Coinbase profile) it would be a minor victory - because even though you still have a middleman in Coinbase Pro, maybe if they knew you would be transferring to a āpartnerā bank (and making them a kickback) they might be more OK with large, regular daily or weekly bitcoin transfers.
But Ally doesnāt mention Coinbase at all on their website so Iām not sure if itās even true
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Ideally, cryptocurrency will become so mainstream, that we will not need a middleman, and we will be able to do direct transfers for products and services. Cards would not even be needed since everything can be done with a mobile phone.
I am not sure if it will ever get to that point, because that is when banking institutions and governments will lose all control (which is what they are scrambling to avoid). Fiat currency would only serve as a means to pay taxes at that point, assuming that governments have not already created their own cryptocurrency by then.
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Yeah the regulations are just making it harder. Especially in the USA.
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Yes, they are copy trading to a live account @ same broker. They might be doing it for legal reasons or they are leveraging up. Pay out 70% on 100K and keep 30%, then charge client with 500-2M account the standard 20-25% incentive fee.
They payout on the demo performance so it really doesnāt matter.
Right. And truthfully, there is no way of even knowing what kind of volume they are doing on top of our trades. If they have a funded trader that is very consistent, for example, then they may pile insane volume on those trades and the 70% that they actually pay out to us could be peanuts by comparison.
Regarding demo performance, they do have guidelines that prohibit trading that is not profitable in a live environment, but most traders would not have to worry about that and anyone trying to exploit some feed delay or similar should not be allowed to trade with them anyway. So it seems fair to me.
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anyone else using the FXBlue copy trader software? I just started playing around with it, and it works great, but with indices trading the non-USA markets are much different in price between different brokers so copying those trades gets me stopped out a bunch.
Iām just testing it out between EagleFX and FXChoice right now.
how does one compensate for price differences? Thereās a āSlippageā setting in the copiers that I think is what I should use, but since market price fluctuates so much, how would I do it?
or best off not copying those trades that have big price differences and just stick to the ones that work?
EDIT: if this is too off-topic, just delete it or tell me to move it to a different thread, itsā all good
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i love fxblue been using it for years to trade with my 3 brokers
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how did you decide which broker to use as the Sender? Iām having trouble deciding because this is my first time copy trading, and I started because FXChoice MT4 gets a little freezy, so I thought EagleFX MT4 worked better - but Iām finding my indicators are slightly different between brokers, so Iām missing out on some signals and getting stopped out sometimes on my Receiver broker. Guess itās just experimentation
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Use the broker you have traded and earned profits with as your master account. Copy only executions (buy & sell) not pending orders. You just need to double check your executions on each platorm and you should be good.
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dude i donāt use none of those brokers charts i use eaglefx to copy my trades too crytptorocket and coinexx if you use coinexx to copy your trade you might not get entry with eaglexfx and cryptorocket because of their wider spreads