Where ever you read, it's just that brokers cheat. My question is that why people exchange? Nevertheless they whine that if you begin to earn more than the deposits, they restrict withdrawals and cheat
Where ever you read, it's just that brokers cheat. My question is that why people exchange? Nevertheless they whine that if you begin to earn more than the deposits, they restrict withdrawals and cheat
Nothing wrong with stop losses if you know the areas to prevent
Originally Posted by ;
It is the expectation that one day you'll finally understand what your doing.Originally Posted by ;
First of all; I concur with all the authenticity that forex being an over the counter market does not have any definite monitory authority which can guarantee safety of capital like any organized market. Therefore; it's the accountability of us to pick a controlled and dependable trading platform so that we can be comfortable about our investment. You should select a broker which has good name; market reputation along with good experience in this industry.
95%will fail, maintain that stat on mind to remain sane. But they won't fail as a result of cheating brokers they fail principally because they're undercapitalised and have very little comprehension of the mechanisms of: leverage, risk and likelihood.
Originally Posted by ;
Not many brokers cheat. One has to find a comparatively decent broker. That is why it's so important to vet and research all the broker one needs to utilize.
Thank you for your contribution. Only the web scares you regarding Currency Market. It's that 95% will neglect gets into your mind and havocs the sanity. Is the secret I suppose. Greed kills
Do not use a stoploss... use an option hedge to safeguard. A binary hedge costs about 10ish% of profit, but can be tricky. Massive players EASILY run stops and use that to build their rankings to go in another direction.
So with option hedge about 50% profit, you lose 10% with your insurance not being used but hey... that is exactly what you get with 25:1 leverage, perhaps not all of it used. Of course, when you're able to get to prime broker this could grow to be a lot better as you can certainly do legit options in precisely the same account. And of course, that requires you are somewhat longer duration in your core position compared to many.
Then set your Take Profits to be in which you suspect many SLs are. Or mine forexforum.co.za for these... =D
Haha, stoplosses (vs alternatives )... like you know on the lower levels at which it will tick...
Don't blame the brokers. Whether you accept or not,it is our greed and inadequate knowledge, which direct us to reduction.
The point is only to understand how to choose a broker. The practice of picking a broker is as simple as picking a college or buying a home. Any choice ought to be based on an analysis of this environment.
Nobody is immune to fraud, however there's a option to significantly reduce the probability.
All of us risk for the sake of cash, for the sake of pleasure and the euphoria of victory.