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  • #37,941
  • Jun 18, 2024 6:25am Jun 18, 2024 6:25am
Mark my words. Soon only crypto prop firms will be around.
  • #37,942
  • Jun 18, 2024 6:26am Jun 18, 2024 6:26am
Quoting Capablanca
There are rumors that payment processor froze funds of funded engineer. They were already half dead, anyway.
It was probably checkout, they are connected to fpfx so i would not be surprised.
  • #37,943
  • Jun 18, 2024 6:27am Jun 18, 2024 6:27am
Quoting Expo33
{quote} In addition you can't trade the news. Can't ride the wave of momentum after an event. What event? Is there a list? Can I wait and then trade a retracement at one of my levels after the news? How many minutes after the news? etc etc..........Maybe I should wear a straight jacket while I trade and leave an opening in the back so APEX can sodomize me "at their discretion" Ok I'm done. I guess I've come full circle. Started with Forex.com(Gain Capital) back in 2007. After a few years they did some shady shit and got...
If you check a lot of the seo and marketing activity. gain capital (Forex.com) are clearly on the attack of props. Pick someone else me thinks.
  • #37,944
  • Jun 18, 2024 6:32am Jun 18, 2024 6:32am
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DXtrade of course
Don't give up on your dreams. Keep sleeping.
  • #37,945
  • Jun 18, 2024 7:21am Jun 18, 2024 7:21am
Quoting Expo33
{quote} In addition you can't trade the news. Can't ride the wave of momentum after an event. What event? Is there a list? Can I wait and then trade a retracement at one of my levels after the news? How many minutes after the news? etc etc..........Maybe I should wear a straight jacket while I trade and leave an opening in the back so APEX can sodomize me "at their discretion" Ok I'm done. I guess I've come full circle. Started with Forex.com(Gain Capital) back in 2007. After a few years they did some shady shit and got...
Key takeaway...you tried all of the "regulated" brokers they encourage us to use and had horrible experiences, you then settled on Tradersway and FXChoice for 10 years without a problem. So did I.
Ironically, both are the horrible, horrible, unregulated brokers we should never use.
Should tell everyone something.
  • #37,946
  • Jun 18, 2024 7:38am Jun 18, 2024 7:38am
Quoting Artcool
{image} DXtrade of course
not going to end well. in my opinion. You cant submit a request to CFTC, withdraw it then ignore them.
  • #37,947
  • Jun 18, 2024 8:16am Jun 18, 2024 8:16am
Quoting pipmaster77
both are the horrible, horrible, unregulated brokers we should never use. Should tell everyone something.

It does: it tells people that you’re not trading profitably: Tradersway is absolutely fine as long as you don’t regularly make profits and try to withdraw them. For those (very, very few!) customers, it’s a whole different story.

https://www.forexpeacearmy.com/commu...gs/tradersway/

https://www.forexfactory.com/thread/...dersway-broker
  • #37,948
  • Jun 18, 2024 8:36am Jun 18, 2024 8:36am
Quoting Expo33
{quote} In addition you can't trade the news. Can't ride the wave of momentum after an event. What event? Is there a list? Can I wait and then trade a retracement at one of my levels after the news? How many minutes after the news? etc etc..........Maybe I should wear a straight jacket while I trade and leave an opening in the back so APEX can sodomize me "at their discretion" Ok I'm done. I guess I've come full circle. Started with Forex.com(Gain Capital) back in 2007. After a few years they did some shady shit and got...
Try Oanda, I been with them for 4 years, before switching to futures and never had any issues and "you will trade like you never traded before"(in Trump accent)
  • #37,949
  • Jun 18, 2024 8:49am Jun 18, 2024 8:49am
Day 4...
1. Was in drawdown from london open trades missed the asian session
2. Got out of drawdown like a boss without risking more instead reduced risk to half i.e 1mini only.. Lovely gold longs
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Extreme gut feeling trader
  • #37,950
  • Jun 18, 2024 9:26am Jun 18, 2024 9:26am
Quoting Expo33
{quote} In addition you can't trade the news. Can't ride the wave of momentum after an event. What event? Is there a list? Can I wait and then trade a retracement at one of my levels after the news? How many minutes after the news? etc etc..........Maybe I should wear a straight jacket while I trade and leave an opening in the back so APEX can sodomize me "at their discretion" Ok I'm done. I guess I've come full circle. Started with Forex.com(Gain Capital) back in 2007. After a few years they did some shady shit and got...
I have been with Forex.com since 2009. Never any problem. I was with FXDD before they moved offshore. I am also with TD Ameritrade but dont like there platform. In the process of signing up with Stonex which is the futures side of forex.com
Drawdown is more important than Account Size !
  • #37,951
  • Jun 18, 2024 9:56am Jun 18, 2024 9:56am
Quoting montygoldy
Day 4... 1. Was in drawdown from london open trades missed the asian session 2. Got out of drawdown like a boss without risking more instead reduced risk to half i.e 1mini only.. Lovely gold longs {image} {image} {image}
Done for the day
I use mental stops hoping it wont be an issue as i keep my drawdown below 1:3
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Extreme gut feeling trader
  • #37,952
  • Jun 18, 2024 10:15am Jun 18, 2024 10:15am
Quoting Capablanca
There are rumors that payment processor froze funds of funded engineer. They were already half dead, anyway.
Apparently this was a problem related with a network in India, which caused a lot of DMs in twitter. Apparently they're still alive (though connected to life support).
  • #37,953
  • Jun 18, 2024 10:16am Jun 18, 2024 10:16am
Quoting montygoldy
{quote} Done for the day I use mental stops hoping it wont be an issue as i keep my drawdown below 1:3 {image} {image}
Next step for Apex is to contract mediums for their support in order to read the mental stops and make sure that none are changed.
  • #37,954
  • Jun 18, 2024 10:19am Jun 18, 2024 10:19am
apologies for off topic in advance...

I'm running breakout experts on Nasdaq, DJ and Xau...
they're doing okay, but I'm thinking of turning on only when market moves are likely...
ranging days hurt these guys.
Bank holidays and no red news days are good times to turn off, clearly

Any other suggestions on getting a hint at potential ranging or moving days ahead?
  • #37,955
  • Jun 18, 2024 10:21am Jun 18, 2024 10:21am
Quoting driven18
{quote} Try Oanda, I been with them for 4 years, before switching to futures and never had any issues
Quoting procrude
{quote} I have been with Forex.com since 2009. Never any problem.
Plenty of good advice, there.

For people determined - for whatever reason - to trade spot rather than futures (and to try to make steady profits without any volume or order-flow information), it’s pretty hard to do better than Oanda and/or forex.com

Just the fact that they’re properly regulated avoids at least 95% of the potential horror-stories that fill every trading forum on the web, and if you do ever manage to have a serious problem, at least you’ll have a real, independent regulator, with real teeth, on your side, in the event of an argument.

All you need to do is read all the online tales of woe, asking yourself the question “Would this have happened if the broker had been properly regulated?” To anyone who knows anything about the industry, at least 95% of the time, the answer’s “no”.
  • #37,956
  • Jun 18, 2024 10:42am Jun 18, 2024 10:42am
Quoting Capablanca
{quote} Next step for Apex is to contract mediums for their support in order to read the mental stops and make sure that none are changed.
discord mods said its alright.... still finger crossed ....
Extreme gut feeling trader
  • #37,957
  • Jun 18, 2024 10:44am Jun 18, 2024 10:44am
Quoting Nsak3y
{quote}-I think, having profit caps with minimum trading days and x% consistency rule is a must. It can work out well for firms since the statistics lean heavily in their favor. Unfortunately, and this is the big problem, cheaters ruin the game for everyone, forcing firms to employ more and more measures in an effort to suffocate them out. This inevitably results in having fewer and fewer participants as you eventually limit yourself to having only traders that are better-than-average, that are willing and able to work within all of the rules that...
If the props keep changing rules that reduce gamblerss and chaeters, doesnt that make their data trading flow better and easeir to deal with? Maybe they can find a way to monetise it since they would be left with the less toxic traders like you said.
  • #37,958
  • Jun 18, 2024 11:15am Jun 18, 2024 11:15am
Quoting Inception12
Maybe they can find a way to monetise it since they would be left with the less toxic traders like you said.
-I doubt it.

Although many traders probably believe that they are good traders, and maybe some are for a while, I would bet that most cannot trade everyday for a month or longer without giving most of their profits back to the market.

It would be difficult to back traders with real capital without having sufficient data. How much trading data would you need in order to give a stranger 40k of your own money? 6 months? 12 months? Probably, the firm would go bankrupt before it could even make that transition.

Brokers can make money whether traders are good or not because they are not having to fund the accounts.
  • #37,959
  • Jun 18, 2024 11:25am Jun 18, 2024 11:25am
Quoting labu
Mark my words. Soon only crypto prop firms will be around.
No offense but you've taken stupidity to a whole new level. That's quite an accomplishment considering how many moronic posts you've made in the past.

Oops, I guess I should be more civil. Nah, that's not my thing
Pride always comes before destruction.... -Proverbs 16:18
  • #37,960
  • Jun 18, 2024 11:26am Jun 18, 2024 11:26am
Quoting Takisd
{quote} If you check a lot of the seo and marketing activity. gain capital (Forex.com) are clearly on the attack of props. Pick someone else me thinks.
Who else to pick? I've tried most of the US firms and really don't want to go offshore again.
Pride always comes before destruction.... -Proverbs 16:18
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