Edit: For those who down-vote but do not debate.
I want to cover points made in a recent post. You can see full here. https://www.reddit.com/Forexnoobs/comments/ac068f/i_got_banned_from_rforex/
It raises the points that I think people who have a gripe with what I am doing are feeling. I want to openly, and cordially, discuss/debate these points. With the OP, or anyone else of their thinking.
Lies hide in darkness. I am here to talk in the light, baby.
I have messaged the OP to invite them here. Let's talk. We might just both be on the same side.
(Edit: The OP has declined to opportunity to further discuss this matter).
Ask questions. Do not make assumptions. The truth will out.
I will go through this comment in sections, but here it is in it’s entirety so you can see nothing is quoted out of context.
This is not about /Forex
, it is about prejudice. forex
is old news for me now.
I am not. I could cite so many examples to show I am not. If you go to the MQL5 site, you will find thousands of people telling you they have a way to make money in Forex and telling you how you can use it. None of these people are purporting to be financial advisors, nor required to be so. Start going to the websites of anywhere offering Forex tools or tips, scroll to the bottom of the page and read the risk disclaimer.
This is something that is clearly stated in ForexCopy
. It is a bread and butter thing in this industry. 100,000s of thousands of services do what I am doing (and charge). Anyone who cares to know, can go and verify the things I have said. Everything is provided for educational purposes only. I do not know anyone well enough to make any sort of suggestions as to what they should do with their personal money. I am saying what I am doing … you do you.
Okay. I did update the FX Blue, though. Didn’t I? I showed the results. Everyone can see the results, everyone has fair information to make their choice on that. User set risk settings
. I can blow my account without copiers doing so, if they choose. Anyone can clearly prevent ultra-high risk trading with these settings, and this account shows them why that could be worth doing.
I tell people to trade with IC Markets
because they are the best. Tell me a better broker if you disagree. Let’s do a proper comparison. If that broker is better, I will duly adjust the broker I say is the best to trade with.
It does matter. If they were to lose with trading 0.1 lots, for example, I would make maybe $0.20 from each person. $20 per a hundred. Sometimes we should not ask questions in case we get the answers to them, but do I really seem like I could not work out a way to make this sort of money not fucking anyone over? It’s not a bank job.
However, if they win … and maybe even if they read all my posts in here and get some trader knows, they will have a bankroll in IC markets, know how to conserve and increase that and keep trading. In which case … this is awesome for me. This is my win. This is my payout end game. I am doing this to help people, if I do it right; that is how I benefit. It does
matter if they win or lose if my main concern is making money. I stop making money if they lose. Then there is ethics, but we are talking only things that individuals can personally logic check, so fuck it, let’s just say I am a prick. Still matters. Matters muchy.
On a side note, I have explained the strategy fully. So if I was to "commission whore" by opening and closing trades just for the sake of it, this would be quickly obvious. I post analysis and reasoning for all my trades. I post the risk taken in the trade. https://www.reddit.com/Forexnoobs/comments/acggwp/trading_journal_for_medium_risk_single_shot_copy/
If I do things that are conflicts of interest, or show lack of care for clients funds; these things will be seen. Clearly seen. I have provided all the data. People can log directly into the trading account. There is no-where to hide sneakiness. I designed it this way.
Name a deception or case of dishonesty. My losses are posted publicly. My affiliation clearly disclosed, and you are literally only basing deception on the idea you think I am flippant about them losing money. Which is unfounded.
If I was selfish and greedy, I would do this and I’d do it with a broker paying me 500% more. Want to test this? Go to brokers websites and start emailing them and asking them what they pay their IBs. Find out how greedy I am being. I know all my options.
If I am only manipulating naive people, I can sign them up to a terrible broker the same as a good one? Why would I take this big cut in my profit margin? Especially if I didn’t care of they lost and wanted the most upfront?
This does not actually make sense. Why would I not do it in a model where I could place their trades so I could trade bigger lots? Why would I let them control that? I certainly know how to do that. It would be more profitable for me. This is the least profitable way this can be done. I am not even forcing people to join ICM. Terribly inefficient brutal capitalism.
I do not want ignorant followers. I do not even want followers. I want a crowd of thinkers. Let’s think. Be rational. Have healthy scepticism without corrosive cynicism. I post everything. All my trades. Why I take them. How I developed the strategies. If people are ignorant, I hope they leave. I want people who are observant, and make use of the things I take the time to do for them.
My only advice to people is to think for themselves. Do their own diligence and make prudent and conscious decisions.
Unless anyone can raise any unique points , backed up with facts, logic and common sense, I think I've now said everything I have to say on this.
From here, I talk with results. I invite anyone else to do so also. They are the only thing that matter. https://www.reddit.com/ForexCopy/comments/acg7ux/fifo_high_and_medium_risk_single_shot_strategies/ forexcopy https://www.myfxbook.com/members/inweedwetrust
And with music. https://www.youtube.com/watch?v=SBjQ9tuuTJQ&list=RDZT9CZ4QbdCU&index=27
From now on, if people talk without actually using any logic or facts to back up what they are saying, since it will appear to me you have neglected to come up with an actual original idea, I will just respond to that by posting song lyrics. I consider them to be equally valuable.
Information on margin requirements for stocks, options, futures, bonds, forex, mutual funds, portfolio margin, CFDs, and SSFs. Overview of day trading rules. Maintenance margin requirements will increase in a similar manner between October 5th and October 30th. The updates will be made each day following the market's close in New York, and will be ... Information on margin requirements for stocks, options, futures, bonds, forex, mutual funds, portfolio margin, CFDs, and SSFs. Overview of day trading rules. Overview of day trading rules. If you are an institution, click below to learn more about our offerings for RIAs, Hedge Funds, Compliance Officers and more. Forex Margin Requirements Note Clients with IBLLC accounts or IB UK accounts carried by IBLLC, and Fully Disclosed Broker Clients must be Eligible Contract Participants to be eligible to trade Cash Forex. US Options Margin Requirements. As a resident of the US trading options in US you are subjected to Rules-based margin and Portfolio Margin. The complete margin requirement details are listed in the sections below. The following calculations apply only to Margin, IRA Margin and Cash or IRA Cash. See our Portfolio Margin section for US Options requirements in a Portfolio Margin account. FINRA ... Futures Margin. Futures margin requirements are based on risk-based algorithms. All margin requirements are expressed in the currency of the traded product and can change frequently. Risk-based margin algorithms define a standard set of market outcome scenarios with a one-day time horizon. A price scanning range is defined for each product by ... What Forex Margin Requirements Mean to Traders Choosing the best forex broker is critical to trading currencies. You need 2 currencies to trade, and you can find upward of 80 different pairs with ...
See how easy it is to enter Forex orders and trade with IB. I use the regular TWS/trading workstation just like I do for my stock and ETF trades. This step b... FREE eBook: "How to Day Trade" Download Now: http://webinar.warriortrading.com/signup In this video, presented by Lightspeed Trading I go over the two basi... That to everyone for sending in video requests. The newest video to enrich lives was produced by Brad Reed. It's 100% free and 100% amazing. Enjoy and thank ... No sabes operar forex desde Interactive Brokers? Aquí te explico en este tutorial el paso a paso de como poder operar forex desde la plataforma TWS de Inte... In this video we will understand what is option lot size in Hindi and how much is margin required for option trading. This video is for beginners. here optio... Interactive Brokers options trading tutorial where we create an "options watchlist" and arrange TWS Mosaic to place options trades. 🎈 Start your 14-day free ... The interactive transcript could not be loaded. ... Forex Leverage, Margin Requirements & Trade Size - Duration: 10:17. Mindy Yost 19,155 views. 10:17. 20 Habits of Highly Successful Traders ...