We understood what you meant in the first post. Like i said, they make their money from other methods subscriptions, setting their own spread and maybe manipulating the charts. Not from your profits. Leave them and trade your own money.
I would but don’t have the capital to sustain living, with time I will get there,
So far this was only excident that happened with Blufx I will see what will the future bring, funny thing is their spread is very tight and consistent, aldo I don’t care much about the spread I rearly go under 4 H
Hi, I would like to know more about your experience with Blu Fx. I have the skills but lack the money…they are regulated with FCA…Thanks for your help
I am not sure on Blufx but heard FTMO is a better, easier alternative to get funded. do your research if you decide to sign up.
How do you know it’s easier and better alternative to get funded? Are you funded with them, have you done the verification? Who did you hear from?
FTMO has an in-house performance psychologist available for their traders which is pretty cool.
Personally I think this psychology stuff is all BS. So having a psychologist is just a gimmick.
Based on this comment I think I can estimate the state of your account.
Actually I think when I changed the way I thought that’s when I became profitable.
Thats exactly what psychology is. Not some motivational BS speaches.
I meant when I stopped caring about the term ‘trading psychology’ and not putting importance to it I started to become profitable. I feel it traps you into a cycle where you can blame something. It’s just another massive business to sell to people. I go by the motto: ‘Its not me, it’s my strategy’.
Hi liban. Did you get to sign up?
Well I did and ive been with them for months. I made my first withdrawal last month. It took a lot of courage from some reviews I had read and of course I had to go through my learning curve when I started. But I’m glad I did
So… that’s what trading psychology is. Getting off the emotional track and learning to become very logical & analytical about trading. It may not be your default, but a lot of people tend to start chasing losses or betting heavy on bad moves, or trade based on “feel” an ignore the obvious. “It’s down 22%, I feel like it’ll reverse right now and not go through a consolidation phase… nah, it’ll go down. I’ll cost average the position… I can’t get out now, I’ll lose 30% of my account. OMG I can’t do this -50%, I’m OUT! [trend reverses]”
True. I can relate to this. But over time I have gotten better. Especially when I read Trading in the Zone. I love that book
A popular disclosure in Forex is that previous results don’t guarantee future returns. So the week you joined Forex simply did what it does best.
Remember every broker isn’t the same with their spreads and all. So there could be a slight difference.
I have been using them for months now and it has been going well tbh. I have met others online too who use them and don’t have such issues.
Sorry about your experience.
However we don’t give demo accounts in Blufx. We give real accounts and our customers like some here on this thread can testify for that.
Please take note that spreads differ from broker to broker. Also our broker is an FCA regulated broker so they uphold the rules set by the FCA.
Should you have any questions please feel free to ask me.
I think i like to trade with a prop firm but im wondering why i cant pay a one off fee and start with a demo?
i’m guessing you are one to talk to.
Is there any age limit to traders that can join your company?
Is it preferably males or can i join despite my age and gender?
Out of curiosity not convinced at all, i was going to do abit of research regarding these people due to someone else mentioning it on here.I dont think i even bother to do that now, sounds a total waste of time
total waste of time? what could you be seeing that im not? do you mind sharing?