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- StephanusR commented Nov 17, 2012
Check your adverse excursion ratio per trade. If you make 10 pips then your draw-down must not be more than 10 pips.
Eternal Encouragement To The Trader...
- StephanusR commented Nov 7, 2012
Elliot wave theory is like natural selection theory - unfalsifiable
USD/JPY – Possible Elliott Wave Count and Implication
- StephanusR replied Nov 5, 2012
url The broker is ThinkForex url Broker is The Collective FX - url - regulated by Belize International Financial Services and not the Oanda UK regulating FSA or NFA, disqualifying any results form them at the outset. Only NFA and FSA regulated ...
Virtually nobody is making money on Oanda accounts
- StephanusR replied Oct 8, 2012
url seems to be the only broker offering mt5 with spreads around 1.5pips and not the ridiculous 3 from Instaforex. In addition they are Australian regulated. There is just one live account on the MT5 forum url and it shows gain of 27% If ...
Virtually nobody is making money on Oanda accounts
- StephanusR replied Aug 31, 2012
All forex brokers engage in bucketshop activity: you have no proof that your trades are being hedged in the ECN pool. Mathematicians construct models for forex firms showing them the % of trades that will fail. Thus the broker has a strong incentive ...
MB Trading WTF - can't close trade?
- StephanusR replied Aug 30, 2012
Alpari, now there is in an interesting broker and one reason I got banned at myfxbook.com. Alpari themselves sent a fictional trade report from their MT4 server by uploader "Boris". The trades were ridiculous , the one winning trade after the other, ...
Virtually nobody is making money on Oanda accounts
- StephanusR replied Aug 28, 2012
There is one more point about the survivalist bias I wish to make. Oanda only allows you 20 Real trading accounts. When a person uploads his Real Oanda account, it is most probably one account out of 17 losing accounts. This does not mean the person ...
Virtually nobody is making money on Oanda accounts
- StephanusR replied Aug 28, 2012
setup an off-shore company for around $5000. Obtain the residence nonsense stuff from a friend in a country they to accept, water bill etc. Then trade through this company, this way any US citizen or Canadian can trade anywhere in the world.
IBFX closing Canadian accounts?
- StephanusR replied Aug 13, 2012
url The chart by forexmagnets is deceptive. By law the broker firms only report the quarter profitability of traders. IF though they were to report the 1 year and it will show 25% in first quarter, 25% of this number in second, 25% of this reduced ...
Virtually nobody is making money on Oanda accounts
- StephanusR replied Aug 13, 2012
Maybe but at least their spreads are tight. At anytime brokers are obviously not hedging their trading book , knowing 99% of their clients will eventually bust. Hence one can't prove/disprove whether that last trade actually touched the global forex ...
OANDA Discussion
- StephanusR replied Aug 13, 2012
Correct, just like the majority of "real" accounts showing 150%+ gain from broker Forex la-la-land are generated by themselves posted under hundreds of different alias. Even your more reputable brokers like FXCM generates fake stats like their King ...
Virtually nobody is making money on Oanda accounts
- StephanusR replied Aug 12, 2012
You did not read my post. I made a generalized observation about forex brokers and stating that any person peddling his performance record must do so from an Oanda account at least, since Oanda won't be involved in uploading fake trading statements ...
Virtually nobody is making money on Oanda accounts
- StephanusR replied Aug 12, 2012
What are you talking about? In my post I made it clear that Oanda is the best firm, no complaints.
Virtually nobody is making money on Oanda accounts
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Virtually nobody is making money on Oanda accounts
Started Aug 11, 2012|Broker Discussion|103 repliesThere is a service that allows you to upload your forex broker accounts for public viewing and ...
- StephanusR replied Jul 31, 2012
There is no such thing as 'wave trends' - Elliot theory is Popper unfalsifiable. It is all fundamentals, euro will go up/down on fundamentals.
EURUSD
- StephanusR replied Jul 23, 2012
euro tanked friday on valencia begging, and now another region in spain. They had waited just for the Spain bank bailouts to take place. It seems we will have such social unrest that Spain could be the next Greece.
EURUSD