You really need to be careful about it at be watchful
I have watched it. BUT how does he have the ability to exercise 8 lots with just a 2k balance?
it is crazy
(thereās even one that advertises 2,000:1 leverage!)
theyāre all ābrokersā that have chosen either to be completely unregulated, or āregulatedā only in soft-touch countries where the regulatory outfits are funded by the brokers and never rule against them
theyāre fine ā¦ until you try to withdraw any profits!
(they have almost no profitable customers, of course - and no long-term profitable ones at all)
Europe 30:1 (including even Cyprus, which is as āsoft-regulatedā as you can get)- but as anyone who has ever worked in the industry will tell you, if that isnāt enough leverage for someone, they shouldnāt be trading at all
Yes I have one that will let you do 500:1 not that I do that. But Iām wouldnāt be able to squeeze out 8 lots out of a $2k balance with or without leverage. Mineās based in Australia and regulated there.
OMG yea he does.
I didnāt know Europe was maxed out at 30:1, Iām surprised just because I thought the USA was typically the most overregulated on Earth.
There seems to be mixed peopleās thoughts on a maximum in Europe?
Another enjoyable, stress-free day of trading
really?
itās actually terribly simple: thereās no āmaximum in Europeā as such, obviously, because thereās nothing to stop anyone in Europe from having a forex account with an unregulated brokerage on Mars that offers leverage of 10,000:1 (if they can find one, and if theyāre naive enough!)
but thereās a maximum of 30:1 leverage available, by European Union law, for accounts at a brokerage regulated in Europe
simple enough, really?
Iāve got 1:1000 leverage on IC markets. They are a highly regulated and reputable broker.
In my opinion, leverage doesnāt make any difference if one doesnāt know how to manage risk.
Iām waiting on my eurusd trade to conclude. Hopefully in next 2-3 days and then move to 1m timeframe (maybe).
Being sitting on a trade for 4-5 days is getting to my nerves but at the same time, I donāt like the anxiety that I feel trading 1m timeframe.
A bit confused here TBH
Boy, just when you got me thinking I should try some of the higher time frames, here you go looking at the m1. Haha.
But seriously, I love the m1 and M5 but I no longer fear if it turns into a D1. Just donāt need that to happen very often.
Hahahaha. I guess thatās out of boredom, at least for me. Would like to be done with trades in a 4-5 hour window daily but then again at times, these trades on lower timeframe can stretch out time and time again.
I guess Iāll trade lower timeframe on demo for a week or so and then make final decision.
His website says Location USA Bakersfield, CA.
However, his youtube channel says Location Lebanon.
I think the business address is Bakersfield, where he used to live. But not surprised if his home is Lebanon. there is no mistaking that Middle-Eastern accent.
Still in it. Currently down about 70+ pips. Will keep managing it until it turns around and gives a profitable exit.