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 Forex Version 19, Foreign Exchange Market Discussion

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SUShighlowyat
post Feb 18 2017, 03:48 PM

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QUOTE(AllnGap @ Feb 18 2017, 03:23 PM)
those traders that stick on first page will use this strategy. (maintain high winning rate)
eventually, they will disappear from that first page because of market behaviour.

i've watched zulutrade a couple years back, all their traders until one point DD damn a lot.
all their subscribers burned beyond recovery. profits and capital all disappeared when market suddenly changed.
click their open positions will see floating positions like -800pips and above.
*
QUOTE(jack2 @ Feb 18 2017, 03:28 PM)
Yes, I saw many followers can't earn money even though the trader earned. Their ROI or calculation is misleading.

I was a Zulu trader few yeas back when I was newbie. End up losing and closed the account before burned.
*
nobody constantly winning. some have 2-3 years good run and then disappear or blown out their account
followers need to be smart, only follow traders at their prime

some followers jump out too quick when traders losing few trades
after few days, traders recover the position and become profitable, but followers that left.. they are making loss

i said something about trading the equity. if trader that have 90% of winning trades. follow him using demo and trade their equity using live acc
there are few tricks in social trading that can make you more profitable than #1 rank and less drawdown than him
SUSAllnGap
post Feb 18 2017, 03:52 PM

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QUOTE(jack2 @ Feb 18 2017, 03:28 PM)
Yes, I saw many followers can't earn money even though the trader earned. Their ROI or calculation is misleading.

I was a Zulu trader few yeas back when I was newbie. End up losing and closed the account before burned.
*
it's the system the brokers created to chip your account slowly.
when they open/close position, expect some "lagging" problems to occur.
trader there might be scalping +10pips, followers might only be getting 5pips.

minus here and there, then change of market conditions, account DD kawkaw
SUShighlowyat
post Feb 18 2017, 04:03 PM

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QUOTE(jack2 @ Feb 18 2017, 03:28 PM)
Yes, I saw many followers can't earn money even though the trader earned. Their ROI or calculation is misleading.

I was a Zulu trader few yeas back when I was newbie. End up losing and closed the account before burned.
*
trust me to become Top 10 in zulutrade is easier than MUET test
all you need is matured account (more than 50 weeks) and consistent.
its ok to have few losing months but how you rise again from the losing months, thats count

you see traderua, he had 6 losing months in a row last year.. but then he rise again
he always claim #1 to #10 rank
he is just an average trader, he trade 7 time a week. not to brag, my results better than him.
but his account is matured and consistent.. thats why he always on top

to become a good trader.. get your account matured (dont worry about the profits first), grow them old and become consistent (average joe can do this)
to become good follower.. follow traders at their prime and dont jump out too quick or trade their equity
SUSAllnGap
post Feb 18 2017, 04:04 PM

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QUOTE(highlowyat @ Feb 18 2017, 03:48 PM)
nobody constantly winning. some have 2-3 years good run and then disappear or blown out their account
followers need to be smart, only follow traders at their prime

some followers jump out too quick when traders losing few trades
after few days, traders recover the position and become profitable, but followers that left.. they are making loss

i said something about trading the equity. if trader that have 90% of winning trades. follow him using demo and trade their equity using live acc
there are few tricks in social trading that can make you more profitable than #1 rank and less drawdown than him
*
because all the follower are normal ppl keep on looking at equity curve, ROI
Open position, high/low, drawdown all never see that sort of things. (normal ppl clueless about those)
i've seen the top ppl dint close position for 3months also got...


anyway. after the first time it blew up, zulutrade said they will change the system.......
but now i see back also no difference (cuz keep on focusing on equity & ROI).....
so it's a system to sucker in stupid money as usual.

sometimes i've been thinking whether the broker got bribe the trader to purposely burn the account or not.
cuz their account size is a few k USD, but burn off 60% of 2mil, then broker split half half with u laugh.gif laugh.gif
SUShighlowyat
post Feb 18 2017, 04:16 PM

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QUOTE(AllnGap @ Feb 18 2017, 04:04 PM)
because all the follower are normal ppl keep on looking at equity curve, ROI
Open position, high/low, drawdown all never see that sort of things. (normal ppl clueless about those)
i've seen the top ppl dint close position for 3months also got...
anyway. after the first time it blew up, zulutrade said they will change the system.......
but now i see back also no difference (cuz keep on focusing on equity & ROI).....
so it's a system to sucker in stupid money as usual.

sometimes i've been thinking whether the broker got bribe the trader to purposely burn the account or not.
cuz their account size is a few k USD, but burn off 60% of 2mil, then broker split half half with u  laugh.gif  laugh.gif
*
so the followers need to educate themselves. i can see a lot in youtube how to filter a good trader
but thats the nature of this market, rules 95% and 5% never lie

zulutrade has the most transparent system, if its bad.. its bad. traders cannot hide anything. except the traders fund not visible for public, and profits count in pips not money. that can be a good thing or bad thing depends on strategy. some people focus on making pips, some focus on making money
SUSAllnGap
post Feb 18 2017, 04:21 PM

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QUOTE(highlowyat @ Feb 18 2017, 04:16 PM)
so the followers need to educate themselves. i can see a lot in youtube how to filter a good trader
but thats the nature of this market, rules 95% and 5% never lie

zulutrade has the most transparent system, if its bad.. its bad. traders cannot hide anything. except the traders fund not visible for public, and profits count in pips not money. that can be a good thing or bad thing depends on strategy. some people focus on making pips, some focus on making money
*
yep, every second dunno how many new suckers being born into this world.
SUShighlowyat
post Feb 18 2017, 04:24 PM

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QUOTE(AllnGap @ Feb 18 2017, 04:21 PM)
yep, every second dunno how many new suckers being born into this world.
*
this industry need suckers. thats where 5% make money from nod.gif

jack2
post Feb 18 2017, 04:29 PM

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QUOTE(greenpips @ Feb 17 2017, 11:57 PM)
I'm not so satisfied with this week's result.

user posted image

Thought can get more than 4%. bangwall.gif  bangwall.gif  bangwall.gif
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Wow, so cool 4%
squall_12
post Feb 18 2017, 06:42 PM

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hi guy,

is IGOFX worth invest? Want to try forex for first time and IGOFX is my friend introduce wan. Thanks
jack2
post Feb 18 2017, 06:48 PM

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QUOTE(squall_12 @ Feb 18 2017, 06:42 PM)
hi guy,

is IGOFX worth invest? Want to try forex for first time and IGOFX is my friend introduce wan. Thanks
*
[QUOTE]

This question has been asked many times. may reach from previous posts or go to another thread to read... The thread is how to check if the brokers.... Some sort this name and can't remember
squall_12
post Feb 18 2017, 06:51 PM

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[quote=jack2,Feb 18 2017, 06:48 PM]
[QUOTE]

This question has been asked many times. may reach from previous posts or go to another thread to read... The thread is how to check if the brokers.... Some sort this name and can't remember
*

[/quote]

i read some said is legit and some said is scam, so i am not sure also i am new in forex just starting to learn it. Thanks
jack2
post Feb 18 2017, 06:57 PM

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QUOTE(squall_12 @ Feb 18 2017, 06:51 PM)
i read some said is legit and some said is scam, so i am not sure also i am new in forex just starting to learn it. Thanks
*
Please share what they said.

This post has been edited by jack2: Feb 18 2017, 06:57 PM
SUSAllnGap
post Feb 18 2017, 07:15 PM

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QUOTE(squall_12 @ Feb 18 2017, 06:42 PM)
hi guy,

is IGOFX worth invest? Want to try forex for first time and IGOFX is my friend introduce wan. Thanks
*
dai lou...it's a scam
greenpips
post Feb 18 2017, 07:42 PM

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QUOTE(highlowyat @ Feb 18 2017, 12:16 AM)
user posted image
*
Can you provide me your ZULUTRADE's URL?
SUShighlowyat
post Feb 18 2017, 08:06 PM

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QUOTE(greenpips @ Feb 18 2017, 07:42 PM)
Can you provide me your ZULUTRADE's URL?
*
not for now.. still a baby
squall_12
post Feb 18 2017, 08:19 PM

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QUOTE(AllnGap @ Feb 18 2017, 07:15 PM)
dai lou...it's a scam
*
ok thanks for warning smile.gif
troller2
post Feb 18 2017, 11:53 PM

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QUOTE(greenpips @ Feb 18 2017, 07:42 PM)
Can you provide me your ZULUTRADE's URL?
*
here's what I can share.

total trades = 49
average pips = 11
winning trades = 93%
worst drawdown = 30%
average trade time = 7 hours.

that's all I can share. i can't share the link because he didnt want to be share. Have to respect his privacy. can only share what's public.
jack2
post Feb 19 2017, 12:22 AM

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QUOTE(troller2 @ Feb 18 2017, 11:53 PM)
here's what I can share.

total trades = 49
average pips = 11
winning trades = 93%
worst drawdown = 30%
average trade time = 7 hours.

that's all I can share. i can't share the link because he didnt want to be share. Have to respect his privacy. can only share what's public.
*
DD 30% is high a bit.
SUShighlowyat
post Feb 19 2017, 12:36 AM

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QUOTE(troller2 @ Feb 18 2017, 11:53 PM)
here's what I can share.

total trades = 49
average pips = 11
winning trades = 93%
worst drawdown = 30%
average trade time = 7 hours.

that's all I can share. i can't share the link because he didnt want to be share. Have to respect his privacy. can only share what's public.
*
aahh good one.. you are good digger nod.gif actually now its ranked 700+
keep it private yea. i dont want advertise anything here. besides, theres no money to be made here
SUShighlowyat
post Feb 19 2017, 12:41 AM

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QUOTE(jack2 @ Feb 19 2017, 12:22 AM)
DD 30% is high a bit.
*
Zulutrade calculation on DD is based on total pips made
Broker drawdown based on total fund

In my broker, i have 1.8% drawdown

user posted image

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