Ive met some, they look like they work in fast-food RM5 an hour thou...
some even leave their merc in the mall parking area and take bus going around cause they have nothing much to do.... not working.. not shopping.. but walk..take bus... sit... go eat food.. go back home... trade.. sleep.. boring.. i guess thats what level 5 trader do... if they dont have hobby
their trading style only trade max 2 hours per day with a minimum USD100,000 account with USD40 a pip..

This post has been edited by Sham903n: Jul 17 2012, 12:19 AM

Funny.. got Merc why park it? don't make sense unless you can't afford the gas to drive around. Like I said in the other post, if you have $100,000 that you don't mind losing if the broker goes bankrupt, then it's easy.

If you've got a $100,000 account, and the broker goes under, then you might have problems managing risk in trading is one thing, how do you manage the risk of the broker disappearing tomorrow?

broker down is not ur $$ down bro

pls search segregated acc broker

Sometimes broker down is also $$$ down, because they illegally tap into client funds when they are in trouble (like the MF Global and Peregrine cases.)

So the risk still exists, even if client funds are segregated. That being the case, how do you manage the risk?


This post has been edited by wodenus: Jul 16 2012, 08:16 PM

Some options:

1. Choose ECN or STP. They are interested in your volume of trade as brokers, and not as market makers.

2. With leverage, there is no reason to keep a large credit balance. With-draw what you don't need. So good reason to choose brokers with high leverage, as long as you can control the leverage rather than let the leverage wipe you out.

3. Spread your trades across a number of brokers. For an EA trader, that's just replicating the same EA across various MT4/5 installations. For a manual trader, that could get rather tedious.

for me two kind of traders (fx traders)
1) trade for living.trade on own capital.
2)trade with people money.fund manager?

only hedge fund manager capable to trade on million capital.of course after got full license.most of the successful hedge fund manager trade on global macro strategies.yes,the is hundreds peopled back u up.work together, achieve their own fix target monthly basis.

indeed,broker fall down,your capital also gone.there is no perfect casual brokers.

i got an offer from reputable broker.to be their representative,and their fund manager.where i can access up to 3 million capital in house and internal and external clients.10% industry standard structure return per 1 million after i achieved fix target.after i pass their target i almost got the job,the company will get the license for me,on the house.

after few consideration,i fall back from the offer.which as i can not trade on that many zero numbers capital.it is just a number,but i still cant.my emotion cant.few of my friends call me retarded because i rejected after i pass few test.well..

so,i comfortable with my own capital,my risk.my profit,my lost.my own strategy.only fund manager will trade on million capital.im just a fry.
well,this is just a game.

yeah i guess he cant afford to pay gas even with 10 pips a day..

guys can i know anyone of u using ichimoku kumo indicators successfully in trading ?

I wonder what the gas and maintenance costs of that thing is. And who can guarantee to make 10 a day, is that possible?

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Added on July 17, 2012, 12:51 amYes. broker default risk makes this a very risky game. It would be cool if they insured investments


This post has been edited by wodenus: Jul 17 2012, 12:51 AM

actually,fx trading can profit well or very well depend on the trader himself.
got capital,good strategy, excellent money management,shining mind control,profit.
reputable broker doesnt mean trust able broker.
for me i can withdraw my profit with ease that is good broker,no spike,no hidden agenda.
the problem with broker is when u are very good trader. consistently profit with high % return weekly or monthly.
broker hate u.i speak from my experienced, my observation through my guru,and few trade members who trading for living.
i repeat,only few members who trade for living.not all
yes,all of them got problem with brokers.especially the one who really dedicated and trade for living.they do not trade on huge capital eg 100k to 1m.just few grand will do the work.
do not trust local brokers.do they have millions usd or euro to run their cycle?well,i dont know.thats peoples choice.

easy,put capital that trader can manage.trade,after profit few k withdraw.start back from started capital.after few month broker started hate u,then many problem appeared

Yes it's not a game of beating the market any more, it's become a game of beating the broker

as a beginner, knowing that any investment had their own risk.
started to look for someone to manage my fund, as i know i do not have that much of time to trade myself & definitely trade emotionally might be killing me as well.

i came across this company, check on their company website & track record, it's seems good to me - as i wanted to have slightly safe & steady mthly income compare saving in the bank.

can you guys help to feedback on this?
http://www.t1fx.com/marketing/vr5.html

yeah my point is.. there is someone like that

Actually 10 pips a day is not a lot.. depending on the pip value. It also depends on how many lots. And how many lots depends on how much money you have. That's why I said, more money is easier. Money makes money, more money makes even more money... until the broker starts the dirty tricks, otherwise you will bankrupt him

but 10 pips a day... is manageable.

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Added on July 17, 2012, 1:13 pmYou don't learn anything if you let that thing trade for you.

This post has been edited by wodenus: Jul 17 2012, 04:02 PM

what if my intention is to make additional income per mth. will this b alright for me?

Well that is hard to say, I've never used an automated bot. If the broker is tracking you, his automated tracking tools will eventiually find the pattern, and then you won't be making money any more.

I myself am still learning, trying to maximize profits. It all depends on whether you can teach a bot to respond to changing conditions

since they r managing the funds, for sure they will track for me.
the reason y i'm considering them due to their R&D team & track record, not every company has their own R&D team.

anyway, thanks for your feedback.

would luv to hear fr other how they think about their performance

You have a lot of faith in your brokers

not yet till i c d profit. haha
but i muz trust them once i engage them, correct?

I guess.. I wouldn't trust my broker with anything, but then again I'm a DIY kind of person