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If TradersWay doesn't work out I will research FxGlory again. If it will paypal would be lot more helpful than card and/or bank transfers. Since Moneybookers and webmoney don't accept US clients or at least it's tough to get money into both of these accounts from the united states.Originally Posted by ;
I will second that, if you are planning to attempt high leverages, do it with a little account. In terms of newbies, stick with the leverages till you are better experienced at trading. .
Been researching more into FxGlory and Traders method to try out an give an insight as to why I pick TradersWay as a first choice within the alternatives. Afterthought - FxGlory may have the upper hand except for a couple points over most payment chip, pip and leverage distribution levels are what I'd consider most important facets.
Every Company offering superb high leverage is generally targeted at small equilibrium retail traders. Which means 1000:1 will not be offered by them to someone. Anyways the point is that the leverage that they provide is conditioned in levels of margin.
Potential Earnings Table
Starting Balance $100------------------Risk 20 pip(50 percent)---------- TP 40 pip
$$$-----------------# Lots------------Leverage
0. $100
1. $200-----------------0.25----------------1000:1
2. $400-----------------0.5-----------------1000:1
3. $600-----------------0.5-----------------1000:1
4. $1,000----------------1------------------1000:1
5. $1,400----------------1-------------------500:1
6. $2,100----------------2-------------------500:1
7. $3,700----------------4-------------------500:1
8. $5,300----------------4-------------------500:1
9. $8,500----------------8-------------------200:1
10. $11,700-------------8-------------------200:1
Complete - $100 to $11,700 using just ten trades netting 400 pips to get a risk to reward ratio of 1:117! That is right make it and you'll brake even. Remember it is not required to win 10 times in a row! 10 losses could occur (not in a row clearly) within the course of attaining #10. Maybe this doesn't sound so mad anymore?
Kayla the trader says that I just need $1,000 $11,700 is to much! Well Kayla below are the stats
$100 to $1,000 with just 4 trades netting 160 pips to get a risk to benefit of 1:10. It is likely to win 4 trades netting 40 pips each?
The preceding chart is based to Traders Way leverage table posted further down the page. Note - Sure you will have losses and those losses will be approximately 33-50%. The good news is each winner. This chart might be scaled down to represent any %Risk such as 25 percent or 10% all fairly high risk/reward scenarios considering traders opt for 1-5% risk.
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Comparison of 2 1000:1 brokers
Been exploring a bit more into FxGlory and Traders method to try out an give some kind of insight as to why I pick TradersWay as a first choice over the alternatives.
Every Company offering superb high leverage is generally targeted at small equilibrium retail traders. Which means 1000:1 will not be offered by them to someone. Anyways the point is that the leverage that they provide is conditioned in levels of margin or equilibrium.
Lets compare Leverage vs Margin
Traders way -
equilibrium lower than 1000
1:1000
equilibrium from 1001 to 5,000
1:500
equilibrium from 5,001 to 10,000
1:200
equilibrium from 10,001
1:100
FxGlory -
Equity, USD Maximum leverage
$1-999
1:3000
$1000-1999
1:2000
$2000-2999
1:1000
$3000-4999
1:500
$5000-9999
1:400
$10000-29999
1:200
Above $30000
1:100
Quite similar to TW except that they have more leverage retargeting levels (7). Remember this change will happen automatically when a trade is open. Decreasing profits to some extent by increasing utilized margin if the trade is not automatically closed.
Right off the bat we detect FxGlory offers more leverage on respective level. Therefore, if you need max leverage possibly FxGlory is the thing to do. Because TW has fewer Retargets and consequently disrupted trades, I picked for TW. One of those interrupted trades could be a whopper netting 1,000's of dollars.
So far as FxGlory supplying more leverage IMHO it is not needed. 1000:1 is ideal allowing for a 20 pip stop @ 50 percent risk. Any bigger than that and you're going to be risking the account on 1 trade. At least with 50% risk it is possible to correct $@risk per commerce trading back up to break even or outside. However if your consistently earning greater than $5,000 each month like this then the better option is FxGlory because they don't have a withdrawal limitation whereas Traders Way's max drawback is $5,000 per month.
Payment processors
Traders Way
Wire Transfer
WebMoney
Credit/Debit Card
MoneyBookers and MoneyBookers Prepaid Debit Cards
CashU
FxGlory
Credit/Debit Card
Paypal
Payza
MoneyBookers
OkPay
WebMoney
Neteller
Assessing the aforementioned FxGlory has the upper hand. Paypal and Payza are change popular payment processors that are readily accessible .
Spread
Traders Method -
MT4 Var Account - This is the account I signed up for because I didn't register for any of those other account options I can't speak for live dispersed results of other accounts provided. Listed below are the average spread throughout the past few days exhibited via MT4 results not the outcomes.
EUR/USD - 1.7
GBP/USD - 1.9
USD/JPY - 1.7 pip.
All these are damn great spreads would not you agree?
FxGlory -
EUR/USD - 2
GBP/USD - 3
USD/JPY - 3-4
Not so attractive but still fairly reasonable. Most would spread of 2 pips and under to your major's.
Deposit/Withdrawal Restrictions
TradersWay
No deposit restrictions
$5,000/Month Max Withdrawal
FxGlory
No withdrawal or deposit Restrion
FxGlory takes the triumph!
The only question left is that delivers a more dependable trading client? Lt;- Most important question of them
Sorry I can't offer you this information till after testing both brokers.
Well that is about all that I can think about for comparison sake. Both brokers have disadvantages and benefits. Choose the one with all the benefits you consider most important.
Good Luck And Decent Trading Friends,
Johnn2Pips
Can you discover the broker with 1000:1 leverage?
I did try out FxGlory at one stage and do not have a complaint relating to them. They offer enormous leverage, and IMO you do not need that sort of leverage. I would advise against such leverage especially for newer traders since you are setting yourself up for failure. If you truly wish to give it them try out.
Instaforex is Great its the best
I also have been trading with FxGlory because 2014 and I really don`t have issues together. I think this bit of information is much more for the newbies; always read the temrs and conditions of your broker prior to deploying your trading styles.
The best broker with 1000:1 leverage is Citifx expert, it's liquidated by citi set and be employed by both the retail and institutional traders
https://www.citifx.com/
I have said my opinion on ridiculously high leverage many thimes before, so I won't repeat myself.
Instead, I will just set a WarrenBuffet qoute which, I think, covers the matter pretty well.
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