A
Andy
@andy_colgate_nottinghill
Last seen:
10 hours ago
Ride the wave till the end
0 Followers
0 Following
On January 15, 2015, the Swiss National Bank unexpectedly unpegged the Swiss franc from the euro. The resulting market chaos caused retail traders to lose massive amounts of money, leaving FXCM with $225 million in negative client equity overnight. The company nearly went bankrupt on the spot but was rescued at the last minute by a $300 million emergency high-interest loan from Leucadia
Mechanical systems are much better, if you want to solve the discipline problem, but the challenge is where are you going to get the mechanical systems from? The average retail trader cannot program, cannot design software etc. so they lack the ability to build automated mechanical systems. So we are stuck here
For me what keeps traders unprofitable is discipline, and even the brokers know this. Brokers are feeding off trader indiscipline, Prop Firms have now joined the feeding frenzy. The whole retail trading business model is designed to feed off trader indiscipline.
When you trade using your discretion, you are more prone to become indiscipline, no matter how hard you try. You can spend 30 days being a good boy and sticking to your rules then you make a $200 profit but it only takes 10 minutes of being indisciplined to lose that $200. So, the brokers wait patiently for that day to come and you return the money back to the market
Not every broker has the same capitalization, some brokers are big and some are small on the balance sheet. If you place a trade and make a $1 million dollar profit, some small brokers will not be able to pay it. it is not about spread, it is about how much the broker is worth on the balance sheet.
Its gonna be hard to ban prop firms because they are not asking you to trade real cash, its a demo account.
Broker regulation is a joke, the regulators of their offshore entities in Africa are just rubber stamps, they dont hold these brokers accountable. If you are in Africa your broker is as good as unregulated.
Because these brokers forward your card withdrawal request to the card processors as if it is a reversal of an erroneous deposit. So, the payment processors treat your card withdrawal as a suspicious transaction and accord it the lowest priority. I am so glad somebody finally asked this question!
Any trader not using TradingView is actually missing out greatly. I cant even begin to explain how advanced the charting capability of TradingView is. No other trading platform comes close to tradingview except Sierra Charts
Showing 20 of 80 replies.
Log in to see all replies