How to find serious investors?

Trading Discussion
22

Thanks, but that is not helpful

23

How would this EA work? You aren’t receiving any money from one broker to move to another and win by that method. If the price lagged on one broker Vs another, you could use that, but that’s not what happens.

Brokers do have different prices, slightly, and you can see this in minor differences in the charts. But generally, the price is very close because they use prices from liquidity providers and the big players with no spread can and do arbitrage against these to make profit.

Out of interest, can you share your myfxbook record here?

24

The EA works by taking advantage of the price lag/difference between brokers. And you don’t need to have a lot of money to buy it or to trade with it

But it simply won’t work, because there are not much price differences between most of the good brokers that have good infrastructure. So what you are saying about different prices between brokers, is simply not true. Or the differences are so small, they are not worth taking advantage, and not worth noticing

Regarding my myfxbook, do you have an investor?

I really miss donnaforex forum, where everyone gets to post his performance next to his forum avatar. It was easy to know who is who. And that forum was full of investors

25

Of course - and they’ll continue to do so. A “myfxbook page” is of no interest to them. They won’t even look. Several people have tried to explain why, but you don’t listen.

You started the thread to ask for help (purportedly), but the underlying problem, here, isn’t just that you actually want to teach, rather than to learn: it’s that almost everything you currently believe is mistaken.

Your response above to SchmaltzHerring is just all over the place. Most of what you say in it is just totally wrong. Sorry, but apparently it really isn’t possible for anyone who knows the industry and actually knows what they’re talking about to help you, if your response to people giving you information is just to tell them that they’re all wrong, and you’re right. It’s about as simple as that.

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26

Which information/statements shared here do you agree with:

  1. forex brokers display different prices from one another?

  2. there are no hedge funds who trade forex. And forex trading is not scalable

  3. I have been profiting for many decades, and therefor everything I say is true (and no need to show my track record)

  4. all forex brokers are in market making mode at all time, they B book 100% of their client transactions, and the idea of A booking is just a myth (somewhere in the line :joy:)

If you believe any of the above, you simply can’t be smart enough to figure out how to trade profitably

Good luck

27

I read the entire thread and my suggestion for you, if you have genuine forex trading skills but no capital, is to qualify quickly for funding by trading forex futures, through one of the long-established, reliable futures prop firms who will then take about 10-20% of your subsequent profits, after funding you.

The reality is that raising trading capital has never been easier than it is now. Almost unlimited capital facilities are available this way, after briefly demonstrating some trading skills, but (for good reasons) no serious funder will ever accept a “myfxbook” link as evidence of that.

Please stop insulting members of the forum, now. It helps nobody, least of all yourself.

It seems like a large number of people here, posting only to try to help you, are all telling you the same and/or very similar things, but you’re actively rude to them, having misunderstood and even in some cases misquoted what they’ve all told you. One of the people who replied to you, above, even works for a hedge fund and trades forex for a living, yet you’re somehow alleging that she said that hedge funds don’t trade forex. They do, but obviously not retail CFDs, because (among countless other reasons, some of them mentioned above) those aren’t scalable.

Forex brokers often display different prices from each other, especially during volatile periods, at the starts and ends of sessions, and around news announcements. Retail CFD forex trading is obviously not very scalable, for exactly the reasons explained above by so many people. All of this is factual and easily verifiable, and the details of how and why it’s so are actually discussed in many threads, both here and in other forums.

I wish you nothing but good luck but you don’t need to reply to me at all: I’m unsubscribing from this thread and from your posts now, and I respectfully suggest to others above that they might perhaps like to do the same. But good luck anyway.

6 Likes
28

The funny thing is that I have only spoken about forex trading in my first post. Did not mention anything about CFDs

Regarding your prop firm path suggestion, that is a complete none sense , and allow me to explain.

If I let’s say give you $10 million dollar account to manage, however, I cap the risk at $10k only. Now you tell me, would you be managing a $10 million account, or a $10k account in that case?

Obviously it’s only a $10k

Prop firms will always cap the risk at %10 and even less. And many will add hidden rules, for example: if you lose more than 1% in one trade, you will be disqualified (ftmo) for example.

On top of that you would have all the other stupid trading rules which they usually enforce to make you either lose money or win a little.

So when they give you a $100k account with a 10% target and a 10% max dd, effectively, they would be giving you a $10k account and asking you to double it. That usually takes multiple months to achieve , or even a year just to pass their two phases working for free.

Then they will give you a $20k account to play with and make money (assuming you have bought their $200k package)

That in my opinion is a complete waste of life and time.

I am already managing millions of dollars, and I don’t need to add this none sense to my life.

There used to be a public forum called donnaforex, all you needed to do is show your performance on it, and you will get bombarded by investors left and right if the performance is impressive.

Unfortunately that forum is long gone

If anyone here can introduce me to a network of investors, I will pay you rebates on my transactions. I do big volume and you could potentially end up making hundreds of thousands of dollars per year out of the rebates. I got an impressive trading performance and I can share it with you to show to your investors

Thanks

29

You made it crystal clear, though, that you don’t understand the difference between the two, which even I know about. And by the way, you also don’t understand the differences between CFD prop firms and futures prop firms, which is a real shame for you as one of them could possibly be very helpful to you.

Of course you are. Of course you are. People must be falling over themselves to trust you with their millions. Which is obviously why you’re here insulting us all. Have a nice time with that. :crazy_face:

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