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Fagin replied Sep 7, 2023Call me a conspiracy nut, but there is a lot more to this than I originally thought.....
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Fagin replied Sep 7, 2023Agree, I'm not a legal person so don't know the technicalities but I think you are right. No longer will they get away with calling themselves prop firms and touting for "traders". If I wanted I could open a can of worms here in the UK with the ...
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Fagin replied Sep 7, 2023Hmm, not sure to be fair. It's not just MFF though is it? It's all of them including FTMO. The premise that they are proprietary trading firms looking for traders will be blown wide open when this is done. It's not really about using tech to trip up ...
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Fagin replied Sep 6, 2023No we shouldn't close our eyes to shady practices or accept mis-truth, clearly MFF have been caught out to a certain point by their own arrogance and incompetence. We also aren't naïve enough to think you can complete due diligence in this industry ...
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Fagin replied Sep 6, 2023I'll also state after quite some years trading, sticking to daily drawdown rules, overall drawdown rules and building a working risk management strategy for growth during the past 2 years of actually trying to work with these props has improved my ...
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Fagin replied Sep 6, 2023It's about use of time not money. I can get access to 600k to 1m within a few weeks, or really is it a 60k/100k recurring loan, interest free with zero collateral to put down (after my fees have been refunded). To earn a UK average income returning ...
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Fagin replied Sep 4, 2023There are a few angles which they'll find difficult to defend if evidence proves that it was all B book, not least commissions charged per trade and swaps. Costs in effect taken from a contractor that were never true costs to the employer? I'm ...
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Fagin replied Sep 4, 2023Jeez, he didn't even get that pool dug in time.. too bad! Least I know where to send my invoices now

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Fagin replied Sep 4, 2023Think it is, at least in the US. Who's lobbied CFTC? All the $100 fee losers or all the "brokers" losing clients... they have a history of this BS. Just follow the money....
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Fagin replied Sep 4, 2023Well now we've got something to talk about again, it got a bit boring on here... how many times can you post about slippage and be interesting?
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Fagin replied Sep 4, 2023Not true. I can trade anyone's money as long it is theirs and theirs alone. Just to be on the safe side from the muppets living in muppet world you can call yourself a contracted signal provider. Also just because you have this fantasy "licence" you ...
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Fagin replied Sep 4, 2023If I was a betting man, they'll settle and disappear with what scraps are left over.. hope I'm wrong but how much money is he going to burn on lawyers to prove a point, is he that kind of guy?
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Fagin replied Sep 4, 2023From CFTC website: "In FY 2022, the CFTC obtained orders imposing over $2.5 billion in restitution, disgorgement and civil monetary penalties either through settlement or litigation." Note to self: Never, EVER get involved with a US based/Canadian ...
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Fagin replied Jul 21, 2023image EJ +34.3 R78 price of kinjun, kumo range. Exit chikou support/R61.
Fagin's Corner
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Fagin replied Jul 21, 2023image EA +21.1 R38 price off Tenkan, Ichimoku skewed from Chikou break.
Fagin's Corner
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Fagin replied Jul 21, 2023image AN T1 -7.2 R100 price off close kinjun kumo range off bullish T2 - 10 Above R100 and around HOD price off kinjun kumo range. Stopped by a pip T2 - both trades were valid.
Fagin's Corner
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Fagin replied Jul 20, 2023image EG T1 -3 Stop Above R161price off close kinjun, kumo range off bullish. T2 + 12 Above R161 price off close kinjun, kumo range off bullish. Tenkan kinjun cross.
Fagin's Corner
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Fagin replied Jul 20, 2023image UC T1 +1 BE Protective stop hit pre news, S38 price close off kinjun, kumo range bearish, chikou bullish.
Fagin's Corner
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Fagin replied Jul 20, 2023image EG T1 - 4.1 stop R161 price off close Kinjun, Kumo bullish to range. T2 - 2.9 stop R161 price off close Kinjun, Kumo to range. T3 +6.9 P R161 price off close Kinjun, Kumo range to bearish, tenkan bear-kijun range .
Fagin's Corner