"Well small firms that cannot meet a basic $5 million in excess shouldn't be allowed to be either." At what point are you going to be saying "small firms that cannot meet a 10 million, 50 million, 250 million in excess..." When does a firm Suddenly ...

Proposed NFA Capital Requirement

Yes, another firm forced to close it's doors by the government lapdog of the large brokerages the NFA. 1 less competitor in the world for FXCM and the other large brokerages to worry about. They are being forced to close their doors not because they ...

Proposed NFA Capital Requirement

I agree. Although hedging can seem like a miracle the first time you use it, over the years I have seen it literally destroy large accounts and the psychology of the traders behind them. I know of one trader in particular with a 60k account that ...

Do you hedge?

When was this email sent out?

Proposed NFA Capital Requirement

No such thing.

North Finance any good broker?

It will happen when FXCM and the other huge firms finish digesting this group of its competition. The NFA is the watchdog of these larger firms. It must be nice from a business standpoint to have a government agency backing you in shutting down your ...

Proposed NFA Capital Requirement

I would agree with BurgerKing, though I disagree that it is useless for the true beginner. Usually I tell students to demo trade for their first 3-4 months. You need to understand the basics of your system, the charts, and how/what affects the ...

Are demo accounts at all different than live accs?

You have a PM from me nonlinear. Hope it helps.

Forum a substitute for a mentor?

Most of the people whining about Brokers on ForexBastards are New's traders. Mostly because Felix is a news trader himself. A broker not allowing entry or slipping when New's trading is not a reason to complain about them. It's simply a risk of ...

is fxdd a good broker

I can confirm this. I use a small micro account set up at FXDD to test EA's. Simply let them all trade at 10cents/pip. Testing EA's on a non-live feed is never accurate, who ever slips their demo feed? As far as the NFA goes, well thats a different ...

Looking for an MT4 broker that offers micros...

Though I welcome additional strategy thinking. One of the more exciting features of this system is the greater than 1:1 Risk/Reward ratio each day on a set and forget methodology. Total pips risked 90 best total gain 95. The strategy you have posted ...

Daily95pips

Thanks Bazza.

Daily95pips

40 losses in a row would be as improbable as 40 wins in a row. However with a scaling MM strategy you should survive. If you are trading 2% of the balance when you enter, the lot sizes should get progressively smaller. However at the 40th loss I'd ...

Can you handle 40 losses in a row?

I'm an IB for them. They promised MT4 within "90 days" back in January of this year. Talking to them last week, I've heard we should hear something new this week. If past performance is any clue, however, don't hold your breath. If it happens it ...

Daily95pips

That will be pretty consistent amongst most brokers. A live server and a demo server.

MetaTrader 4 Server Files

Haha, well it looks like one of my MT4 Demo's got closed on one of my computers and it happened to be this forward test. So I missed Thursday and Fridays move and only hit the positive days this week. Not great for forward testing, but there are ...

Daily95pips

No matter your time frame, your scalping compared to someone else out there. I personally trade off the 4hr and day charts. I can be in my trades from an hour or two, to 1.5 months like this last GBP trade (775 pips was worth the wait). I'm a ...

Why scalping doesn't work........

You could try setting up different Profiles in Metatrader. The profile button is up in the top left. You could have something like my setup. Where I have a different profile for most of the currency pairs I trade, another profile set up for glancing ...

Metatrader NEwbie question

You should probably read up on some of the systems proposed and traded on the Trading Systems forum here at FF. Choose a system that seems to fit your risk tolerance and trading volume and study it further. Demo trade that system only until you feel ...

Which Charts To Check First? :)

I'm trying to figure out what your asking here. If you are trying to follow a system and it indicates closing 1/3 of positions, you should be trading with multiple lots and close 1/3 of them.

What happens when a position's size is Lots = 1/3?