Well, the anecdote was just to show that it is indeed possible to make a lot of money in a short time in Forex, but that you also have to be careful. In fact I'm actually the only guy here so far who supports your idea and isn't a negative nanny and ...

Big News - Bond traders please contribute.

None of your examples is right. Thats why I gave a new. Since you are Canadian, we are not talking about ESMA regulations. Margin levels are based on your total account balance. Not on the single position's Margin. Going with your example: Account ...

Could Leverage Wipe Out My Account?

Example: You have a $1.000 account. You open a position, 0.10 Lot Short EURUSD. 1:30 Leverage. You pay $385 Margin. You put a 50 Pips SL. Your SL is worth $50 Your SL gets hit. Your account is now $950. The Margin doesn't matter. It will not be ...

Could Leverage Wipe Out My Account?

Instead of sitting there and waiting for that one big event which may or may not happen in 1 or 2 years to go "all-in" and risk wiping your account in one go, you can setup orders in that "10 hours a week" you have and let it run. This will most ...

Big News - Bond traders please contribute.

What would be wrong with that? Sounds a little bit too paranoid. Australia is a good alternative. Nothing wrong with that. However, coming here only to show off without sharing anything is a bit ... hm, how to say ... hypocrite. But anyway, good ...

My own EA

A few years ago, I met an arab guy in an online trading room who turned $1.000 into $100.000 within a few weeks, simply by trading news and not using a Stop Loss. Instead he doubled down every X pips the market went against him (martingale). In the ...

Big News - Bond traders please contribute.

I can understand to hide Open Trades. But why hide Closed Trades and Exposure? Kind of a red flag. A lot of Brokers (especially unregulated offshore) help their "good friends" to have a shiny MyFxBook profile. If you want credibility, be transparent ...

My own EA

I wonder nobody has clarified this wrong assumption yet. But NO: Margin has nothing to do with how much you can lose when you get stopped out. It doesn't matter if you pay $25, $250 or $750 Margin, if you close the Position no matter if by TP, SL, ...

Could Leverage Wipe Out My Account?

You know something is fishy when everything is set to "Private" and an unregulated offshore broker is used.

My own EA

You shouldn't trust any backtests much, unless you use real tickdata, real spread and slippage simulation and have 99.9% tick quality. To achieve this, use a Tick Data suite of your choice (eareview.net for instance). And even with good backtest ...

Very nice trade manager EA with source codes

US brokers didn't have to "close doors" with 1:50 leverage either. And 1:50 applies to ALL US clients, retail as well as professional. While in EU, traders who are classified as "professional" don't have leverage restrictions. Theoretically you ...

European Traders - new ESMA regulations!

I can confirm there are no ESMA leverage restrictions for IC Markets.

European Traders - new ESMA regulations!

I still don't understand claims like that. How are you exactly supposed to lose more and faster with lower leverage? Except the difference is, before "newbies" opened 1.00 Lot positions with a 1.000€ account and 1:500 leverage and quickly lost like ...

European Traders - new ESMA regulations!

ICM doesn't follow ESMA.

European Traders - new ESMA regulations!

No. Accounts with open positions went into "Close only" mode. I don't see where a lower leverage means you can lose more money. It is actually the opposite.

ESMA, thanks for moving margin call closer!

Global Prime and IC Markets are the place to be now after ESMA is live.

European Traders - new ESMA regulations!

Never had any problems with the CS of FxPro. Had a few calls with some persons now and then and they were always very friendly and helpful. Only thing I disliked about FxPro was their ridiculously high spreads. And that was the only reason I quit ...

Experiences with FxPro

If you are looking for a serious Australian broker to escape the ESMA, I'd recommend Global Prime or IC Markets.

Rakuten Australia? E-Commerce branch as a Forex Broker?

Making similar experiences. Testing a Backpropagation Neural Network with different parameters and layers on EURUSD using high quality historical tick data for half a year (Jan-June). The NN produces very good results already after the 2nd pass and ...

Machine Learning with algoTraderJo

Last time Bitcoin took such a big hit it went into a downtrend for 2 years. It seems like the "bubble" has bursted and we are returning to a "normal" price. Wouldn't be surprised if we see ~$3000-$4000 in the next few months.

Is bitcoin heading for a bubble at $30 a coin?