What Is Forex Trading and How Does it Work?

APIs offered by brokers and data platforms

I’ve been looking for a broker that has an API for index futures and ideally also futures options. I’m looking to use the API to build a customized view of my risk based on balances, positions, and market conditions.
Searching the algotrading sub I found many API-related posts, but then when I actually read them and their comments, I found they’re often lacking in real substance. It turns out many brokers or data services that have APIs don’t actually support index futures and options via the API, and instead they focus on equities, forex, or cypto. So here’s the list of what I’ve found so far. This isn’t a review of these brokers or APIs and note that I have a specific application in mind (index futures and futures options). Perhaps you’re looking for an API for equities, or you just want data and not a broker, in which case there may be a few options. Also, I’m based in the US so I didn’t really look for brokers or platforms outside the US.
If you have experience with these APIs, please chime in with your thoughts. Also, I may have missed some brokers or platforms. If I did or if you see anything that needs correction please let me know.

Platform Notes
ADM Investor Services No API
Ally Invest Does not support futures instruments
Alpaca Only supports US Equities
Alpha Vantage Does not support futures instruments
AMP Broker with a huge number of platforms available including some with APIs
ApexFutures No API
Arcade Trader No API
AvaTrade Does not support futures instruments
Backtrader Not a data feed; otherwise looks cool but also looks like a one-man shop
Cannon Trading Broker with a variety of platforms, some have API access such as TT
Centerpoint No API
Charles Schwab API does not support futures instruments
Cobra No API
Daniels Trading No API
Discount Trading Broker with a variety of platforms including CQG, Rithmic, TT, some with APIs
Edge Clear Broker with a variety of platforms including CQG, Rithmic, TT, some with APIs
Eroom Now part of Dashprime. Offer a variety of APIs including CQG, TT, CBOE's Silexx, and others via FIX.
ETNA Trader Only supports equities, options (including multi-legs), ETFs, Mutual Funds (Forex with cryptocurrencies coming soon)
ETrade API seems robust but OAuth authorization needs to be refreshed via login once per 24 hours
Futures Online No API
Gain Capital Futures API available, based on .NET; unsure if they are open to retail clients
GFF Brokers Broker with a large number of platforms including some with API access
High Ridge Futures Broker with a variety of platforms including CQG, Rithmic, TT, some with APIs
iBroker API available; contact them for more info
IEX Cloud Looks great but does not support futures instruments
Infinity Futures JSON API available; contact them for more info
Interactive Brokers Client Web API looks promising if clunky
Intrinio Supports futures instruments but is expensive
Koyfin No API
Lightspeed C++ API available
marketstack API for equities available. Does not support futures instruments.
Medved Trader Windows app with a streaming API to various data sources and brokers. See comment below about API beta access.
NinjaTrader Does not support futures options
Norgate Data Not a broker; supports futures data for $270/year
Oanda Forex only; API last updated in 2018
Optimus Futures Broker with a large number of available platforms including some with API access
Phillip Capital Broker with a large number of available platforms including some with API access
polygon.io Expensive but looks slick; does not support futures instruments
Quandl API looks solid; $49/monthly for personal use, does not allow distributing or sharing data; not a broker
Quantconnect Does not expose raw data
Quantopian Does not expose raw data
Quantower Software that connects to multiple brokers and data feeds; API to their software via C# interface
Saxo Markets Broker with extensively documented API
Stage 5 Trading API available through Trading Technologies
Straits Financial Broker with several platforms available including some with APIs such as CQG, R
Sweet Futures Broker with a large number of available platforms including some with API access
TastyWorks There's an unofficial Python API
TenQuant.io Does not support futures instruments
ThinkorSwim Does not support futures instruments via the API
Tiingo Free account tier but does not support futures instruments
TradePro Broker with a number of platforms available; unclear if any are available with API access
Tradier Free developer API account for delayed data but does not support futures instruments
TradeStation Nice looking API docs and supports futures instruments; requires opening an account and a minimum balance of $100k and there’s no trial available
TradeFutures4Less Broker with a variety of platforms including CQG, Rithmic, TT, some with APIs
TradingTechnologies API looks robust; pricing starts at $700/month
TradingView Does not expose data API
Tradovate Technologies API exists, documentation unknown; need to talk to their account team
Wedbush Futures Broker with several platforms offered, a few of which have API access
WEX .NET/COM only; pricing not disclosed on website
Xignite Pricing not disclosed on website but they do support futures instruments
Yahoo Finance API Available through RapidAPI or via direct access; but it’s discontinued and unreliable
Zaner Broker with a variety of platforms including CQG, Rithmic, TT, some with APIs

Wow, this list grew longer than I originally thought it would be. If you spot a mistake, please let me know and I’ll correct it.
Edit:
- added Lightspeed API - updated Dashprime to indicate some of the APIs available - added Medved Trader to table - added marketstack to table
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10 Secrets The Trading Industry Doesn’t Want You To Know About

Today’s lesson goes to be somewhat controversial and should ruffle some feathers. I shall blow wide open and debunk tons of the knowledge you've got presumably been exposed to the present far in your trading journey.
The average trader is out there walking through a confusing and conflicting maze of data from a spread of sources including; blogs, forums, broker websites, books, e-books, courses and YouTube videos.
With of these learning resources available there's naturally getting to be some excellent and a few very bad information, but actually , there just isn’t how for many aspiring traders to understand what to concentrate to, who to concentrate to, or what information is useful and what information is non-beneficial.
I’m not getting to pretend that there's how for an aspiring trader to filter this giant sea of data composed by of these resources and mentors out there, because there simply isn’t. knowledgeable trader with 10,000 hours of experience might stand an opportunity of deciding the great from the bad and therefore the valid from the invalid. However, you, the beginner or intermediate trader simply won’t possess that filtering ability yet.
Becoming ‘Non-Average’
As traders, we concede to our instinctive feelings of social trustworthiness supported what we see and listen to , often to our extreme detriment. we frequently tend to require a leap of religion with our mentors and have a habit of taking things said to us at face value. we would like to hold close information that resonates with us and is sensible to us, especially if it’s delivered by a well-known source that we've come to understand and trust.
The ‘average trader’s brain’ is usually trying to find a shortcut due to the overwhelming desire to form money and be free. The brain wants to urge a winning result immediately with the smallest amount amount of effort possible. If you would like to ever make it as a professional trader or investor, I suggest you are doing everything you'll to avoid thinking with the ‘average trader’s brain‘ and begin being ‘non-average’. meaning becoming far more aware, thinking outside the box more and questioning and filtering the knowledge you read and watch. most significantly , slowing everything all down!
This now begs the apparent question…how does one even know what I’m close to write during this lesson is actually valid and factual? How are you able to really be sure? the reality is unless you've got followed me and my posts on this blog for an extended time and know me and know my work, then you can’t really make certain , and that i don’t expect you to easily believe it at face value. If you would like to return back and re-read this lesson during a few weeks, or a couple of months, or a couple of years, after you work out that i'm somebody worth taking note of about trading OR that i'm somebody not worth taking note of about trading, then so be it.
So with a degree of healthy skepticism, I ask you to think about the below list of eye-opening secrets that professional traders and therefore the trading industry, don’t want you to understand about or understand. I hope it helps…
Visit : توصيات الذهب اليوم
FOREX isn’t the sole market the Professionals trade
The FX market is large , with billions of dollars per day changing hands. It can cause you to great money if you recognize what you’re doing OR it can send you broke if you don’t. It’s a really popular market to trade globally, BUT it’s not the sole market the professional’s trade and it’s not always the simplest market to trade either.
A note on leverage:
The brokers and platform providers want you to trade FX on high leverage because the profit margins are very high for them. However, if you trade FX on lower leverage, the profit margins shrink dramatically for them. once you trade FX, start brooding about what can fail rather than just brooding about what can go right. I suggest avoiding stupidly high leverage like 400 to 1, as this will be very dangerous for you if the market moves quickly or experiences a price gap and your stop-loss orders aren’t executed at the worth you set. A more sensible leverage level would be 100 to 1 or 200 to 1, but any higher seems crazy. (Using an excessive amount of leverage is what wiped tons of traders out during Swiss Bank Crisis in 2015, The Brexit choose 2016 and therefore the Currency flash crash in early 2019).
Broaden your view:
Going forward, it'll serve you well in your trading career to start out watching a spread of worldwide markets including FX, Stock Indicies and Commodities. additionally to FX, I personally trade GOLD (XAUUSD), S&P500 Index USA, the SPI200 Index Australia, and therefore the Hang Seng Index Hong Kong , and sometimes individual stocks on various global exchanges. In short, there's more to the trading world than simply FX. I discuss the foremost popular markets I trade this lesson here.
Day trading isn’t what Pro trading really is
The internet is crammed with marketing trying to convince folks that the definition of a trader may be a one that spends all day actively trading in and out of the market on a brief term basis, all whilst living the life-style of a Wall St millionaire. there's a significant agenda within the industry to push this story to the masses, it's been relentless for many years .
I am yet to satisfy one successful day trader who is consistent over the future and that i have almost 25,000 students and 250,000 readers on this blog. i'm not saying there isn’t a couple of out there, but 99.9% of the people that do this sort of trading or attempt to live up to the standard day trader stereotype are getting to fail and perhaps even harm themselves financially or mentally. Watching a screen all day and searching for trades constantly is that the like a compulsive gambler playing roulette during a casino.
The successful traders i do know of (myself included) are watching higher time frames and longer time horizons (minimum 4-hour chart timeframes and predominantly daily chart time frames). they need no restriction on how long they're looking to carry a trade for and that they tend to let the trades find them. The professionals i do know , don't day trade, they are doing not watch screens all day, they are doing not search for trades constantly. they're going to typically fall under the category of a swing trader, trend trader or position trader.
The obvious paradox and conflicting reality within the ‘day trader story’ is blatantly obvious. How does a trader who is consistently watching a screen and constantly trading have time to enjoy his life and live the lifestyle? They chose to trade as a profession to possess a life, they didn’t choose it to observe a screen 24/5.
Here are some points to think about that employment against the so-called ‘ day trader’:
The shorter the time-frame the more noise and random price movement there's , thus increasing your chance of simply being stopped out of the trade.
Your ‘trading edge’ features a higher chance of yielding a result for you if you’re not trading within the intraday noise.
The same trading edge doesn't work or produce an equivalent results on a 5 min chart compared to a Daily chart.
Commissions and spreads churn your account, therefore the more you trade the more you lose in broker platform costs. (I will mention this below)
Risk-Reward ratios aren't relative on shorter and longer time frames. Statistical average volatility across different time periods also as natural market dynamics play an enormous role during this . there's much more weight behind higher time frames than lower timeframes.
Great trades take time because the market moves slower than most of the people ever anticipate. Trading from the upper timeframes and holding trades for extended time periods will provide you with greater opportunities to ascertain trades mature into big winners. However, shorter timeframes don’t provide you with this same opportunity fairly often .
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Profitable Forex Strategy Reddit | 3 Easy Forex Strategies Easy For MT4

Profitable Forex Strategy Reddit | 3 Easy Forex Strategies Easy For MT4

The need for a trading strategy in Forex market

https://preview.redd.it/r6u8stdmeaw51.jpg?width=1320&format=pjpg&auto=webp&s=1b0292502d6e68f5c220af5a5851aeb8061b395b
Almost all trading manuals talk about the need to have your own trading strategy. First of all, the process of creating your trading scheme allows you to perfectly understand trading and exclude from it any eventuality that hides additional risk.
Profitable forex strategy: it is a type of instruction for the trader, which helps to follow a clearly verified algorithm and safeguard his deposit from emotional errors and consequences of the unpredictability of the Forex currency market.
Thanks to her, you will always know the answer to the question: how to act in certain market conditions. You have the conditions of opening a transaction, the conditions of its closing, likewise, you do not guess if it is time or not. You do what the trading strategy tells you. This does not mean that it cannot be changed. A healthy trading scheme in the forex market must be constantly adjusted, it must comply with the realities of current market trends, but there must be no unfounded arguments in it.
>>> Forex Signals With Unbeatable Performance: Verified Forex Results And 5° Rated On Investing.com |Free Forex Signals Trial: CLICK HERE TO JOIN FOR FREE

Profitable Forex Strategy Reddit

Types of trading strategies
The forms of a trading strategy can combine a variety of methods. However, several of the most commonly used options can be highlighted.
  • Trading strategy based on various complementary technical indicators
  • Trading strategy using Bollinger Bands
  • Moving Average Strategy
  • Technical figures and patterns
  • Trading with Fibonacci levels
  • Candlestick trading strategy
  • Trend trading strategy
  • Flat trading strategy
  • Scalping
  • Fundamental analysis as the basis of the strategy

Three most profitable Forex strategies

Important! These strategies are the basis for building your own trading system. Indicator settings and recommended pending order levels are for consultation only. If you do not get a satisfactory outcome in the test result or in a live account, that does not mean that the problem is the strategy. It is enough to choose individual parameters of indicators under a separate asset and under the current market situation.

1. “Bali” scalping strategy

This strategy is one of the most popular, at least its description can be found on many websites. However, the recommendations will be different. According to the author's idea, "Bali" refers to scalping tactics, as it facilitates a fairly short stop loss (SL) and take profit (TP). However, the recommended time frame is high, because the signals appear not very often. The authors recommend using the H1 interval and the EUR / USD currency pair.
Indicators used:
  • Linear Weighted Moving Average. Period 48 (red line).
https://preview.redd.it/9mhs67mxeaw51.jpg?width=461&format=pjpg&auto=webp&s=913d428edd4cab0a3237e7039829a76dd587f1f5
The weighted linear moving average here acts as an additional filter. Due to the fact that LWMA gives more weight to the values ​​of the last periods, the indicator in the long periods practically excludes delays. In some cases, LWMA can give a signal beforehand, but in this strategy only the moving position relative to price is important. Bearish LWMA is a buy signal, sell bullish.
  • Trend Envelopes_v2. Period 2 (orange and blue lines).
https://preview.redd.it/8bap0s41faw51.jpg?width=627&format=pjpg&auto=webp&s=a6236ad06765280bbfd655fa1fb4153b28aaaf56
The indicator is also based on the moving average, but the formula is slightly different for the calculation. Its marking is more precise (the impact of price noise has been eliminated). It allows you to identify the twists of the trend compared to the usual mobile with a slight anticipation. Trend Envelopes has an interesting property: the color of the line and its new location changes when the price penetrates its old trend line, a kind of signal.
  • DSS of momentum. The configuration in the screenshot below.
https://preview.redd.it/9ch27cj4faw51.jpg?width=630&format=pjpg&auto=webp&s=00558bbd90378009bef33b7c96c77f884b912667
The indicator is placed in a separate window below the chart. This is an oscillator whose task is to determine the pivot points of the trend. And it does so much faster than standard oscillators. It has two lines: the signal is dotted, the additional line is solid, but the receiver has 2 kinds of colors (orange and green).
  • Important! Note that the indicators for the “Bali” strategy are chosen in such a way as to ultimately give an early signal. This gives the trader time to confirm the signal and check the fundamentals.
MA is one of the basics on MT4, the other two indicators can be found in the archive for free here. To add them to the platform, click on MT4: "File / Open data directory". In the folder that opens, follow the following path: MQL4 / Indicators. Copy the flags to the folder and restart the platform.
Also Read: Make Money With Trading
Conditions to open a long position:
  • Price penetrates the orange Trend Envelopes line from the bottom up. At the same time in the same candle there is a change of the orange line that falls to a growing celestial.
  • The candle is above LWMA. Once the above condition has been met, we wait for the candle to appear above the moving one. It is important that it closes above the LWMA red line. It is mandatory to have a Skyline Trend Envelopes on a signal candle.
  • The additional DSS of momentum line on the signal candle is green and is above the dotted line of the signal (that is, it crosses or crosses it).
We open a trade at the close of the signal candle. The recommended stop level is 20-25 points in 4-digit quotes, take profit at 40-50 points.
https://preview.redd.it/t48d55s8faw51.jpg?width=1000&format=pjpg&auto=webp&s=1e93863745e74dec536178539817225767cbeb1c
The arrow indicates a signal candle where a Trend Envelopes color change occurred. Note (purple ovals) that the blue line is below the orange line and goes upwards (in other cases the signal should be ignored). In the signal candle, the green DSS of momentum line is above the dotted line.
Conditions to open a short position:
  • Price penetrates the Trend Envelopes sky line from top to bottom. At the same time in the same candle there is a change from the increasing celestial line to the falling orange.
  • The candle is below LWMA. Once the above condition has been met, we wait for the candle to appear below the mobile. It is important that it closes below the LWMA red line. It is mandatory to have an orange Trend Envelopes line on a signal candle.
  • The additional DSS of momentum line on the signal candle is orange and is below the dotted line of the signal (i.e. crosses or crosses it).
https://preview.redd.it/6uixkl1dfaw51.jpg?width=1000&format=pjpg&auto=webp&s=dd53442c633e80c1e55da72cd5ffe9cda2e85b8a
Some examples where a transaction cannot be opened:
  1. In the screenshot below the signal candle closed at the moving level (red line), it was practically below it.
https://preview.redd.it/2o1wpocgfaw51.jpg?width=1000&format=pjpg&auto=webp&s=58d3286bf2884b5f0dfdaa0a62b68d2d50cdabf8
  1. In the screenshot below the signal candle is DSS below its signal line. Also, the celestial line is horizontal and not ascending.
https://preview.redd.it/1nfi1etjfaw51.jpg?width=801&format=pjpg&auto=webp&s=ff9fcbc10a485c5102ef7a135de47332827caf54
The signals are relatively rare, a signal can be expected for several days. In half the cases, it is better to control the transaction and close in advance, without waiting for profit taking. We do not operate at the time of flat. Try this strategy directly in the browser and see the result.
>>> Forex Signals With Unbeatable Performance: Verified Forex Results And 5° Rated On Investing.com |Free Forex Signals Trial: CLICK HERE TO JOIN FOR FREE

2. “Va-Bank” candle strategy

This profitable Forex strategy is weekly and can be used on different currency pairs. It is based on the spring principle of price movement, what went up quickly, sooner or later must fall. To trade you will only need a schedule on any platform and W1 time frame (although the daily interval can be used).
You should estimate the size of the candle bodies of different currency pairs ( AUDCAD , AUDJPY , AUDUSD , EURGBP , EURJPY , GBPUSD , CHFJPY , NZDCHF , EURAUD , AUDCHF , CADCHF , EURUSD , EURCAD , GBPCHF ) and choose the largest distance from the opening to the close of the candle in the framework of the week. In this to open a transaction at the beginning of the following week.
Conditions to open a long position:
  • The bearish candle, which signifies last week's movement, has a relatively large body.
Open a long position early next week. Make sure to place a stop loss at 100-140 points and a take profit at 50-70 points. When it is midweek, close the order if it has not yet been closed at take profit or stop loss. After that, wait again for the beginning of the week and repeat the procedure, in any case do not open operations at the end of the current week.
https://preview.redd.it/vuihnqspfaw51.jpg?width=1000&format=pjpg&auto=webp&s=7641e9d7701911cc255c4f0c8a53e1660c35c9fe
On this chart it is clearly seen that after each large bearish candle there is necessarily a bullish candle (although smaller). The only question is what period to take where it makes sense to compare the relative length of the candles. Here everything is individual for each currency pair. Note that a rising candle was observed followed by a few small bearish candles. But when it comes to minimizing risks, it is best not to open a long response position, as the relatively small decline from the previous week may continue.
Conditions to open a short position:
  • The bullish candle, which signifies last week's movement, has a relatively large body.
We open a short position early next week.
https://preview.redd.it/tv4zmf5ufaw51.jpg?width=1000&format=pjpg&auto=webp&s=61cd1dcfc4aebfa6f80343b6c51f7a6e46358602
The red arrows point to the candles that had a large body around the previous bullish candles. Almost all signals turned out to be profitable, except for the transactions indicated by a blue arrow. The shortcomings of the strategy are rare signs, albeit with a high probability of profit. The best thing is that it can be used in several pairs at the same time.
This strategy has an interesting modification based on similar logic. Investors with little capital opt for intraday strategies, as their money is insufficient to exert radical pressure on the market. Therefore, if there is a strong move on the weekly chart, this may indicate a cluster of large strong traders. In other words, if there are three weekly candles in one direction, it is most likely the fourth. Here you also have to take into account the psychological factor, 4 candles is equal to one month, and those who "push" the market in one direction, within a month will begin to set profits.
Strategy principle:
  • A "three candles" pattern (ascending and descending) formed on the weekly chart.
  • It is preferable that each subsequent candle was larger than the previous one. Doji is not taken into account (disembodied candles).
  • Stop is placed at the closing level of the first candle of the constructed formation. Take profit at 50-100% of the last candle, but it is often better to manually close the trade.
An example of this type of formation in the screenshot below.
https://preview.redd.it/iu7cwa7xfaw51.jpg?width=1000&format=pjpg&auto=webp&s=9195d24b72d2bda5394614380e9e5bc167f108a5
Of the 5 patterns, 4 were effective. Lack of strategy, the pattern can be expected 2-3 months. But when launching a multi-currency strategy this expectation is justified. Consider swaps!
>>> Forex Signals With Unbeatable Performance: Verified Forex Results And 5° Rated On Investing.com |Free Forex Signals Trial: CLICK HERE TO JOIN FOR FREE

3. Parabolic Profit Based on Moving Average

This strategy is universal and is usually given as an example for novice traders. It uses classic EMA (Exponential Moving Average) indicators for MT4 and Parabolic SAR, which acts as a confirmatory indicator.
The strategy is trend. Most sources suggest using it in "minutes", but price noise reduces its efficiency. It is better to use M15-M30 intervals. Currency pairs - Any, but you may need to adjust the indicator settings.
Indicators used:
  • EMA with periods 5, 25 and 50. EMA (5) in red, EMA (25) and EMA (50) in yellow. Apply to Close (closing price).
https://preview.redd.it/ly7ju8o3gaw51.jpg?width=1000&format=pjpg&auto=webp&s=61dee5b0d994d09a375e01e2b9afe188dd2ee0ed
  • Parabolic SAR, parameters remain unchanged (color correct at your discretion).
https://preview.redd.it/sonpv1m8gaw51.jpg?width=1000&format=pjpg&auto=webp&s=823e9ce5d279d3a98ef072694766a112a3ece775
Conditions to open a long position:
  • Red EMA (5) crosses the yellows from bottom to top.
  • Parabolic SAR is located under the sails.
Conditions to open a short position:
  • Red EMA (5) crosses the yellows from top to bottom.
  • Parabolic SAR is located above the candles.
The transaction can be opened on the same candle where the mobile crossover occurred. Stop loss at the local minimum, take profit at 20-25 points. But with the manual management of transactions you can extract great benefits. For example, close at the time of the transition from EMA (5) to a horizontal position (change of the angle of inclination of the growth to flat).
https://preview.redd.it/4un92jlegaw51.jpg?width=1000&format=pjpg&auto=webp&s=406a700c00722349622d031e20d0858e4196d18b
This screen shows that all three signals (two long and one short) were effective. It would be possible to enter the market on the candle by following the signal (in order to accurately verify the direction of the trend), but you would then miss the right time to enter. It is up to you to decide whether it is worth the risk. For one-hour intervals, these parameters hardly work, so be sure to check the performance of the indicators for each period of time in a minimum span of three years.
And now that you know the theory, a few words about how to put these strategies into practice.
Ready? Then let's get started!

From the theory to the practice

Step 1. Open demo account It's free, requires no deposit, takes up to 15 minutes, and no verification required. On the main page of your broker there is for sures a button "Register", click and follow the instructions. An account can also be opened from other menus (for example, from the top menu, from the commercial conditions of the account, etc.).
Step 2. Familiarize yourself with the functionality of the Personal Area. It won't take long. It is at the most user friendly and intuitive. You just need to understand the instruments of the platform and understand how the trades are opened.
Step 3. Launch the trading platform. The Personal Area has the platform incorporated, but it is impossible to add templates. Hence, the "Bali" and "Parabolic Profit" strategies can only be executed on MT4.

Characteristics of an effective Forex strategy Reddit

And finally, let's see what makes a profitable Forex strategy effective. What properties should it have? Perhaps three of the most important characteristics can be pointed out.
  • The minimum number of lag indicators. The smaller they are, the greater the forecast accuracy.
  • Easy. Understanding your strategy is more important than your saturation with complex elements, formulas, and schematics.
  • Uniqueness. Any trading strategy must be "tailored" to your trading style, your character, your circumstances, and so on.
It is very important to develop your own trading strategy, but it is necessary to test a large number of already available and proven strategies. On the Forex blog you will find trading strategies available for download. Before using a live account, test your chosen strategy on the demo account on the MetaTrader trading platform.
Conclusion. To successfully trade the Forex currency market, create your own trading strategy. Learn what's new, learn out-of-the-box trading schemes, and improve your individual action plan in the market. Only in this case, the trading results will satisfy you to the fullest. Success, dear readers!
>>> Forex Signals With Unbeatable Performance: Verified Forex Results And 5° Rated On Investing.com |Free Forex Signals Trial: CLICK HERE TO JOIN FOR FREE
Join the community for more articles on trading and making money on the Forex and Stock market.
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Disclosure: This post contains affiliate links, if you click and make a purchase I may receive a commission - This has NO extra cost for you.
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On this spark global limited platform, the goal of annual profit is 800%

Most traders we know have different life sequences, and everyone's trading time zone is also different. There are also some traders whose monthly interest rate is stable at 20-60%. (2010/now January)
In fact, for foreign exchange transactions to be profitable, the deep knowledge of professional operators is not important. You don't have to be a critic who can predict fluctuations.
I use this spark global limited platform to operate. The important thing is to establish my own trading style and continue to implement it on the basis of validating reasonable trading methods and strict investment plans and risk management.
Forex trading does not require theory and self-discipline. It is the result of hard work.
Target of 800% annual profit! !
How do you feel about this topic? Many people feel a lot. If the goal of 20% can be reached every month, this result is achievable. However, it is also true that there are fewer traders who can make stable profits every month than expected. In addition to the curse of 20% monthly interest rate, for most traders, it is also the status quo of [painting cakes to satisfy their hunger].
First of all, get rid of gambling thinking, keep the basics, and realize it with a relaxed investment plan. 200% profit for several months
Eye sales information. It is impossible for a continuously profitable trader to have such profitable results.
Foreign exchange transactions can effectively use the compound interest mechanism. With the increase of account funds, the number of open positions will increase according to plan.
Foreign exchange transactions are considered to be part of the use of funds, and it is possible to achieve the above-mentioned purposes in a planned daily trading operation. Institutional investors and large funds are not suitable for aggressive trading due to their large amount of funds, and their annual profits can only reach dozens of percentage points. Correspondingly, it can achieve hundreds of% of annual profits. This is also because individual investors have ‘small volume and strong liquidity’ and other proud and aggressive traders, who have become powerful weapons!
submitted by TemporaryHungry5991 to u/TemporaryHungry5991 [link] [comments]

How To Start Trading Forex Reddit

How To Start Trading Forex Reddit

How to trade Forex and be profitable

Hello and thank you for being here again!
In this article I want to show you how I structure my operations by trading in the currency market. If it can give you ideas or help you in your process, the objective of this post will be more than fulfilled. I will try to be as clear and direct as possible. I'll go point by point:
Index
  • 1. How to trade
  • 2. Intraday or swing trading in Forex?
  • 3. Automatic or Manual Forex Trading
  • 4. Is analysis the key to Forex trading?
  • 5. Learn to create robust trading strategies
  • 6. Best Forex Trading Strategies
    • 6.1. Trading strategies with very simple entry and exit criteria
    • 6.2. Systems with a not very high number of operations or trades
    • 6.3. Strategies with a controlled return/risk
  • 7. Establish connection and disconnection rules for your systems
  • 8. Diversify in Forex
  • 9. What currencies to trade on Forex
  • 10. Why invest (only) in Forex
  • 11. Steps to trade
  • 12. How to start as a professional trader (without knowing how to program)
>>>Start trading with Plus500: open a free account

1. How to trade the Forex Market

Focusing on the basics and keeping it simple. Let me explain, you don't have to rely on hyper-complex strategies, use the software that PETA it and put it on the server next to your broker ... you don't have to be the best programmer, much less get dirty on the graphics of your platform to win money in Forex.
You need systems. The systems work. Results-oriented companies and work methods are systems-based. You should start applying and creating systems because they will allow you:
  • Know what you can expect (return and risk) in results.
  • Measure what you do .
  • Know when what you are applying is stopping working.
Yes, that sitting in front of the computer, looking and saying "I think EUR / USD is going to rise" is the most common thing, but the normal thing here is to lose money. You need winning strategies to start the fight.

2. Intraday or swing trading in Forex?

This question is an interesting question and I make a small indent if you are just starting out. Swing trading are operations that usually last several days and when we talk about intraday or day trading we refer to operations that are closed on the same day.
Well, which one then? Like everything in life, it depends (we are). You have to learn that there is no “best for all”. In my case I combine both operations because I dedicate myself full time to this, but if you are just starting out or are one of the people who get stressed out with trading, I recommend that you focus on swing trading.
As you consolidate here you can start to scale and seek to diversify by doing intraday. But again, this is just something that I recommend based on my own experience and from people I have known over the years.

3. Automatic or Manual Forex Trading

Not all automated Forex trading systems are a panacea, nor are all discretionary or manual systems bad. Stop looking at it like that, we're only talking about execution. This is precisely why I am opting for automated execution. We could talk at length about this and if you find it interesting I can dedicate an article just to it. But think that automation is just how strategy is carried out. Whether this is a winner or a loser is the basis of everything.
Automating a losing strategy does not make it a winner, it is only about applying strategies that are profitable and ensuring that they are executed in the best way (in manual we always cheat alone).

4. Is analysis the key to Forex trading?

Many people think that technical analysis is the key to beating the market and defend it to the last consequences. The same happens with those who think that the only way to make money in the foreign exchange market is through fundamental analysis.
So what really works? What really works and you can check. What good is it if you tell me that this or the other is the best method if you haven't even sat down to draw numbers. Many times it is not with what, but how. That is, they can be different valid methods if they are done well. But for this you need statistics of what you are doing.
>>>Recommended Forex Broker: Plus500 - Visit official website<<<

5. Learn to create robust trading strategies

Let's first see what a robust trading strategy is all about. As traders, we know what has happened in the past, but we don't know what will happen in the market tomorrow. That is why we need systems that are well adapted to changing market circumstances.
How can we know systems adapt well to alterations in the spread, prices ...? Simulating those alterations, something like simulating those conditions and seeing how they behave. There are different tests for this such as: Walk Forward test, Montecarlo, and Multimarket.
These tests give us an idea of ​​how robust our created trading system is and give us a reference. Be careful, I said reference, not absolute truth. Then we will test them, our goal is to leave as little space as possible to chance.

6. Best Forex Trading Strategies

You may be wondering how you are going to manage to create profitable strategies and start with all this. Calm down, there are tools for this, but the important thing here is that you know that the strategies that tend to be more stable over time and give better results are:

6.1. Trading strategies with very simple entry and exit criteria

The opposite of what you may have been told. The simpler our Forex trading systems are, the more likely they will continue to work overtime. I have seen this myself and I know it first hand.
Also, which is more likely to stop working, a system based on six indicators or a system based on one or two? That six indicators continue to give results for years and years is not easy. Instead, only one or two are more so. Still, trading systems should always be supervised.

6.2. Systems with a not very high number of operations or trades

Sometimes when we become obsessed with being in the market constantly making gazillions of trades, we are giving our broker money and taking it out of our pocket. More is not better in trading, better is better. This is about getting the most money with the least risk, not giving it to your broker.

6.3. Strategies with a controlled return/risk

You see a strategy, you look at its profit in the last months and years and you are already thinking about connecting it. Error, always look at the return associated with the drawdown. The drawdown of your system is, in short, the maximum consecutive drop it has had. Because it is important? Because if that fall has occurred in the past, it can happen again (and bigger, believe me). Now you may be thinking, what if this happens to me?
Next, I will explain it to you, but first an example of a system that meets all these characteristics (so you can see that it is simpler than it seems:
https://preview.redd.it/cozy880jl9v51.jpg?width=1024&format=pjpg&auto=webp&s=8e14a68538372be8e7ae109d86cd7d132d60fa07
Here more statistics:
https://preview.redd.it/hh5m7saml9v51.jpg?width=997&format=pjpg&auto=webp&s=f1597e3b05350d6fca1ea68ef18004f4340e6a1a

7. Establish connection and disconnection rules for your systems

All methods of trading sound great. The problem is when they start to lose. Some tell you that you have to continue, that the system is the system… But what if the system is stopping working? After all, we live in a changing world and our money is not infinite.
The reality is that many people do not know how to determine when the system is failing or when this happens because they are applying it incorrectly. If you execute the strategies in an automated way you are already saving this, then what you need is a rule to deactivate your strategies at a certain point. To do this, it is enough to monitor them with platforms such as Bluefox or Myfxbook to know what the performance of each is.

8. Diversify in Forex

If we deactivate a Rubén strategy, we stop trading. Not if you activate another that has been doing it well. It is not about you running a Forex trading system or two, it is about having different systems: the best in real and a demo base created that you can include in your real account when you deactivate one because their performance has dropped.
You can diversify by you I frame (temporality time) on assets (currencies) or types of systems (trend, mean reversion ...).
The objective of diversifying is to seek a more stable return, many people do for this is to introduce many systems without more, if you do this you will achieve the opposite, you will be increasing the risk.

9. What currencies to trade on Forex

I recommend that you focus on the majors or major currency pairs, especially if your broker has a high spread, as it is usually lower on these. One of the advantages of automating is that you can scale your trading and do it in different currencies, diversifying as I said before. These are the assets that I have traded in recent months:
https://preview.redd.it/4myzmwlxl9v51.png?width=800&format=png&auto=webp&s=7635d085d2b434e3d3da0420937c245b6cd21339
It starts with being profitable with a few (one or three assets) and as you evolve you can grow your portfolio.

10. Why invest (only) in Forex

I will not be the one to tell you that you should invest in Forex and not in another market. Each one belongs to his father and mother and has its good and not so good things. Of course, one thing is clear, wherever you do it, remember the power of specialization. There are traders who focus on one or two assets and they are profitable. In the end, that's what it's all about, isn't it?
This operation can be extrapolated to different assets such as raw materials, indices and cryptocurrencies. Yes, cryptocurrencies too. In fact, my operations are mainly based on currencies and cryptocurrencies (85% in the first group and 15% in the second). But I have to say that cryptocurrency trading has given me a pleasant surprise this year.
Again, if you are starting, do not do it with many assets or you will saturate yourself. Start step by step and diversify as you evolve. Jack of all trades, master of none.

11. Steps to trade Forex Reddit

If you've gotten this far, it may not be entirely clear to you how the hell I trade, then I'm going to summarize it in steps:
  1. I create statistically profitable trading strategies and verify through tests that they are robust.
  2. I put them on a demo account to make sure they work perfectly.
  3. Once they meet the requirements that I demand of them, I pass them to real.
  4. In real account, I manage my systems connecting and disconnecting them according to their performance (always under objective criteria).

12. How to start trading Forex Reddit as a professional trader (without knowing how to program)

But Rubén, I haven't studied computer science and I'm not particularly good at math. Don't worry if you don't know how to program, it is possible to do all this using tools that will do it for you. For years I have programmed my own systems myself and that's fine, but now I'm concentrating on managing them and getting the most out of them. Do not think that this is the robot that will make you earn millions of euros while you drink the gin and tonic on the beach.
We will read soon with new posts about trading, Forex, cryptocurrencies, platforms ...
Good luck!
To start trading, open an account on Plus500, one of the leading Forex brokers: Click Here
submitted by kayakero to makemoneyforexreddit [link] [comments]

Why take the Regulated route?

Why take the Regulated route?
Rules & Regulations
https://eu.excentral.com/blog-article/?articleId=33427 Why have we chosen to be regulated by CySEC and what is the benefit for our investors?
The first thing you need to know is that CySEC falls under the branch of European regulators advocating for secure trading, and therefore embracing European regulations such as MiFID and MiFIR.
Trading in the Financial Markets is considered a highly-liquid, fast and complex investment. Therefore it is essential to have strong regulatory oversight such as CySEC to prevent malpractice and transgression. In the CFDs market, it is important to understand that there is no centralized body governing Forex.
Instead, there are a number of governmental and independent bodies that supervise forex trading around the world. These supervisory authorities regulate forex by setting standards which all brokers under their jurisdiction have to comply with. These standards ensure that Forex/CFD trading is ethical and fair for all parties involved.
But the question still stands to how regulation benefits you as a trader? With eXcentral being supervised by CySEC, investors can be more confident about the credibility we have, as a broker.

So, why not choose a non-regulated broker?

For a retail trader, the biggest risk of trading with a non-regulated broker is that of illegal activity or schemes. Fraudulent activities include excessive commissions, very loose spreads, hidden Terms and Conditions, and even restrictions on withdrawals.
Regulatory authorities can provide a level of protection for investors as they can be trusted to restrict, sanction or ban such unwarranted actions, and to safeguard investors when regulation has been breached.
eXcentral continues to work closely with CySEC on a daily basis, to ensure that all activity is overseen. This task is performed by various departments in the company, including marketing and account managers. By overseeing all business activities, eXcentral pursues its own and its regulator’s goal of offering traders a safe platform to access the Financial Trading Markets from.
https://eu.excentral.com/blog-article/?articleId=33427
Disclaimer: This material is considered a marketing communication and does not contain, and should not be construed as containing investing advice or a recommendation, or an offer of or solicitation for any transactions in financial instruments or a guarantee or a prediction of future performance. Past performance is not a guarantee of or prediction of future performance.
Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 72.42% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
submitted by eXcentralEU to excentral [link] [comments]

Education and training in trading are not needed: False - By Mickael Mosse

By Mickael Mosse - Blockchain and Cryptocurrency Expert
Trading now is a common word in the financial field. But its meaning has myths and assumptions around it, viewing trading as an easy way to make money.
Mickael Mosse sees traders as professionals in the crypto world, and their practice as a great option to use cryptos.

Trading is the opposite of investment because it aims to short-term goals following multiple market strategies enveloped by buy-and-hold timing. Its success as a financial profession depends on the ability to be profitable over time.
Now, traders can trade with assets like commodities or with cryptos; we will talk about the second one. Crypto trading could be:
Read more details of these crypto trading options here. What is cryptocurrency trading, and how does it work? by IG

Let’s demystify the next myth about crypto trading by Mickael Mosse’s explanations.
Education and training in trading are not needed; it is just a random thing.
FALSE
Begining to spend money without a formal education process in trading is a common way to lose your funds and blame the market.
There is a common belief that trading is a matter of luck. Still, the reality is that you must study theory to understand its bases and then go to practice in demo accounts before launch to the real market.
According to Mickael Mosse, it is essential to train your trading skills if you want a profit instead of losses, building a trading plan from the knowledge and not assumptions.

A key to start by Mickael Mosse: You could find education tools on broker websites; you can use them to begin theoretical training. A broker is an online platform intermediary between the trader and the market.
The market for trading with currencies is called Forex, the most liquid globally, with no centralized location. Instead, it is a digital network of financial agents such as banks, brokers, traders, and institutions.
SOURCE : https://entrepreneursbreak.com/education-and-training-in-trading-are-not-needed-false.html
_____ FOLLOW MICKAEL MOSSE ON SOCIAL NETWORK’s:
Twitter: https://twitter.com/MosseMickael
Medium: medium.com/@mickaelmosse
Facebook: https://www.facebook.com/mickael.mosse.39
Reddit: https://www.reddit.com/useAccurate-Gap-8536
Pinterest: https://www.pinterest.com/mickaelmosse1/
Youtube : https://youtube.com/channel/UC1QAiUoz-Il-P1lhmUEvvvg
Ted : https://www.ted.com/profiles/23747131
submitted by williamsouza10 to u/williamsouza10 [link] [comments]

What is this forex instagram trading scam?

Anyone who fell for the forex trading scam, im wondering specifically what is in it for the scammers? How does it work?
I fell for the Cut co scam and I figured out whats going on behind the scenes, or at least I think I did.
Those people don’t actually give a shit if you sell the knives or not.. if they wanted to sell knives they would hire real salesman.. they care about the fact that you give them the name, phone number, and email address of everyone that you do the “knife sale demo” to... because they can sell that information to other businesses for tons of money.. that and they just try to get you to push and manipulate friends and family into buying a 1,000 dollar set of fucking knives.
At least thats what ive been able to figure out from my one week “working” with them..
So given that information, I just cannot seem to figure out what the “scam” is in this forex bullshit.. because I dont think you do actual presentations where you gather information from idiots..
Forex in itself is a real thing and if you treat it like any other type of investing there is a real way to make money, HOWEVER listening to other 20 year olds tell you about how you can become a millionaire overnight is a pretty great tell that its all bullshit..
So my question is, has anyone been able to figure out whats really going on behind the scenes?
Is it market manipulation? (Ie. jordan Belfort type pumping and dumping)
Or is it just giving people a program on the trading platform to make halfway decent trades and taking a cut of the money you make?
submitted by kaptainSteez to TooAfraidToAsk [link] [comments]

Education and training in trading are not needed: False - By Mickael Mosse

By: Mickael Mosse - Blockchain and Cryptocurrency Expert
Trading now is a common word in the financial field. But its meaning has myths and assumptions around it, viewing trading as an easy way to make money.
Mickael Mosse sees traders as professionals in the crypto world, and their practice as a great option to use cryptos.
📷
Trading is the opposite of investment because it aims to short-term goals following multiple market strategies enveloped by buy-and-hold timing. Its success as a financial profession depends on the ability to be profitable over time.
Now, traders can trade with assets like commodities or with cryptos; we will talk about the second one. Crypto trading could be:
Read more details of these crypto trading options here. What is cryptocurrency trading, and how does it work? by IG
Let’s demystify the next myth about crypto trading by Mickael Mosse’s explanations.
Education and training in trading are not needed; it is just a random thing.

FALSE

Begining to spend money without a formal education process in trading is a common way to lose your funds and blame the market.
There is a common belief that trading is a matter of luck. Still, the reality is that you must study theory to understand its bases and then go to practice in demo accounts before launch to the real market.
According to Mickael Mosse, it is essential to train your trading skills if you want a profit instead of losses, building a trading plan from the knowledge and not assumptions.
A key to start by Mickael Mosse: You could find education tools on broker websites; you can use them to begin theoretical training. A broker is an online platform intermediary between the trader and the market.
The market for trading with currencies is called Forex, the most liquid globally, with no centralized location. Instead, it is a digital network of financial agents such as banks, brokers, traders, and institutions.
SOURCE : https://entrepreneursbreak.com/education-and-training-in-trading-are-not-needed-false.html
_____ FOLLOW MICKAEL MOSSE ON SOCIAL NETWORK’s:
Twitter: https://twitter.com/MosseMickael
Medium: medium.com/@mickaelmosse
Facebook: https://www.facebook.com/mickael.mosse.39
Reddit: https://www.reddit.com/useAccurate-Gap-8536
Pinterest: https://www.pinterest.com/mickaelmosse1/
Youtube : https://youtube.com/channel/UC1QAiUoz-Il-P1lhmUEvvvg
Ted : https://www.ted.com/profiles/23747131
submitted by Accurate-Gap-8536 to u/Accurate-Gap-8536 [link] [comments]

Daytrading in a nutshell?

I've watched quite a few youtube videos and started babypips for forex, I'm interested in doing crypto and some majors.
I can't help but wonder I'm missing something, the videos I've watched portray things to be pretty straight forward...
  1. Get trading platform and deposit money
  2. Pick your currency
  3. Add some moving average lines to your graphs
  4. When lines meet in upward trend in oversold position then buy
  5. When lines meet in downward trend and overbought then sell
  6. Profit???
I feel like I'm over simplifying it but it seems like most of the battle is reading a graph and noticing the trend.
I was wondering how long a forex day trader will hold for on average? I see some people suggesting they dont work for more than a few hours a day..
Do you set auto limits or do you manually stop a trade later and call it a day? How does your day go?
submitted by TaliDontBanMe to Daytrading [link] [comments]

What do regulators say about BitQT ?

What do regulators say about BitQT ?

We discovered that it is so convenient to create a deposit. There are different on-line payment platforms to settle on from, for our initial live trading session, we have a tendency to created a deposit by doing an instantaneous bank transfer from our account into the BitQT account. The transaction was completed in seconds.
Live trading with BitQT

https://preview.redd.it/zrxveikvhim51.png?width=975&format=png&auto=webp&s=524850e4ff5890df2a7c25e4213090444bf46255
This is often the best part; we have a tendency to started our live trading session early within the morning and ended it when six hours. During the live trading session, we have a tendency to hardly required to try to to something except activating the live trading robot with a click. After the live trading session started, we had nothing else to try and do, the trading robot took complete control, and it automatically selected and completed the best deals out there.BitQT success
What we have a tendency to suppose concerning BitQ
Here are the most points we noted while testing the essential options of BitQT
We tend to attributed the high win rate for the majority of the finished transactions to the quick trading system. It's straightforward to see why thus many investors have continued using their BitQT
We tested the online customer service, and it is glorious. The customer service is on-line twenty fouseven, and there are not any lapses in the trading system. We tend to were impressed with the courtesy and high-level priority given to our case after we sought facilitate from the customer care team
The possibilities of experiencing hacking or information breach on BitQT are terribly low. There is a secure online antivirus and malware network that keeps the user data and information regarding funding secret

We tested BitQT on smartphones and laptops to grasp if the system is responsive. We have a tendency to can confirm that each user will trade with their smartphones or laptops. This is often terribly convenient for people who would really like to monitor their trading sessions while outdoors.BitQT benefits

Here are some tips that will facilitate new investors to urge the maximum edges from trading with BitQT;

It is better to start with a little deposit;BitQTallows users to begin trading with as low as $250, that is excellent for brand new users.
Always withdraw your profit after earning. This can be a great plan for everyone.
Reinvest the capital; to continue the earning cycle, it's best to reinvest the capital.
Realize a mentor online; you'll be able to get helpful data about the crypto market by following a mentor and crypto trading skilled on social media
BitQT has been created for everybody; it's user-friendly and profitable. We encourage our audience to join us, begin making money from the crypto market each day.
© 20twenty Straightforward To Browse • Powered by GeneratePress

BitQT BQ could be a laptop program that trades bitcoin CFDs automatically. The program claims to rely on advanced AI technologies to conduct trading research execution with a supposed win rate of up to 99p.c. BitQT BQ appears widespread with passive on-line investors, providing it is easy to use for all and doesn’t require a lot of your time to operate
It's conjointly said to require solely a tiny minimum capital deposit ($250) and reportedly generates up to $1k in daily profits from such a little account. However is BitQT BQ legit and if so, does it earn its users the said profits
As usual, we tend to have conducted a thorough investigation to determine if this bot is legit. We have a tendency to will gift our findings in this review and offer tips to assist you get started with it
https://preview.redd.it/4my2soawhim51.png?width=1046&format=png&auto=webp&s=515978aeca1497910fb83c4168326888697ef07a
BitQT BQ App reviewWhat is BitQT App?How will BitQT App work?Getting started with BitQT BQ
STEP ONE: Register a free accountSTEP 2: Verify ID with the underlying brokerSTEP 3: Deposit at least 250 USD as trading capitalSTEP FOUR: Trade with a demo accountSTEP FIVE: Live tradingIs BitQT BQ legit? The verdict!FAQsWhat is BitQT BQ App?Is BitQT App a Ponzi scheme?How much ought to I invest with BitQT BQ?How do I withdraw the supposed profits from BitQT BQ app?

Our criteria for determining the legitimacy of BitQT BQ took under consideration multiple factors, together with transparency, reputation, safety, simple use, and client service. The findings are summarized below.

BitQT BQ creates a transparent trading ecosystem through the coveted blockchain technology. This technology makes it possible for users to watch their accounts in real-time and raises disputes through smart contracts.
The robot has an glorious reputation with a rating of on ForexPeaceArmy when nearly 6k reviews.
We can make sure that a minimum of 95% of BitQTBQ reviewers report a positive experience with this robot.
BitQT BQ additionally scores exceptionally well in customer service. Users are pleased with how fast customer care responds and the way knowledgeable they are.
We tend to have additionally conducted background checks on Bitcoin BitQT partner brokers, and they seem well regulated and reputable.
BitQT BQ ensures users data privacy by applying 128-bit key encryption on all its platforms. It additionally appears to go with information privacy measures among them the EU General Knowledge Protection Regulation (GDPR)
As mentioned above, BitQT BQ may be a robot for all. Scan our Bitcoin Robot review for the fundamentals of auto trading.
What is BitQT App?
cribes itself as a highly specialised and powerful pc algorithm that automatically conducts the trading functions of an skilled BTC CFDs trader.
https://www.cryptoerapro.com/bitqt/

http://www.cryptoerapro.com/

https://twitter.com/cryptoerapro

https://www.instagram.com/cryptoerapro/

https://www.pinterest.co.uk/cryptoerapro/

https://www.facebook.com/cryptoerapro
submitted by Anteater_Same to u/Anteater_Same [link] [comments]

WikiFX: the murky business and the murkier methods

WikiFX: the murky business and the murkier methods
https://preview.redd.it/1rf74ljv34l51.png?width=960&format=png&auto=webp&s=566235871ce22dd3078f0532dfb672bff6eb0707
The irony of financial markets is that this business that officially has got as much regulation as arms trafficking, has also got the same problem –- numerous illegal entities that evolve around the niche.
Scam brokers, funds recovery services that rob the robbed traders, HYIPs, “learn how to make millions overnight” trading courses and a number of other schemes all tend to exploit the weak point of human nature – the belief that there is the magic device with the “MORE MONEY” button out there, that someone can sell you.

A thief shouting “Thief!”

Considering the above there is a high demand in society for truthful and unbiased information about the market players. WikiFX claims to be the provider of such honest information about brokers but in fact, makes money by blackmailing brokers and promoting any company that offers to pay enough in their rankings.
WikiFX is a classic illustration of a thief shouting “Get the thief!” louder than anybody else in the crowd. The strategy works unfortunately and traders tend to trust WikiFx broker’s ratings without questioning what these ratings are based on and who sponsors this global brokers’ database.

Paving the road with some good intentions

Even the most horrible crimes against humanity were done under the cover of best intentions. Starting with the first crusades and ending with the holocaust. There are always some sound arguments, protected people and reliable methods.
Ask any trader whether each forex broker must be regulated by a third party? The answer will be “yes” with a near 100% probability and this answer is totally correct. Know-your-customer procedures and some unbiased third-party control are essential for maintaining the overall transparency of any business in a sphere of finance. This is the argument that WikiFX starts with when promoting its service and there is absolutely no point to argue. Starting with an indisputable truth is a good strategy to win the debate.
“The long-term presence on the market adds credibility”, – says WikiFX, and hears “yes” again.
“Don’t you agree that the longer the company is in the business, the better?”. “Sure”, – the trader agrees one more time.
The mission is completed. This is when the broker ranker can add any other criteria to their appraisal methods. Traders will tend to trust the service because they’ve agreed upon the most important criteria. The rest are minor details.
But what if the rest of the appraisal methods are not just minor issues? What if these details can be the means to manipulate the facts as much as they want to?

Can WikiFX appraisal criteria be trusted?

If we take a look at any broker’s WikiFX rating, we can see that the criteria of appraisal are the following:
  • The year of registration
  • Regulations
  • Market Making license
  • Software license
For example, this is what the top-rated broker’s summary looks like at WikiFX:
WikiFX Forex com example
https://preview.redd.it/t4ugtbt344l51.png?width=625&format=png&auto=webp&s=95fddf8434faf8938d1a3f18bbd5f1da2ceb47e4
Looks good. Really. Regardless of the attitude to this particular brokerage, the work seems to be done fine. All the regulators are listed below, the information on the used software, licensing, and years of operation is included.
But what if we take some other random brokerage with one of the lowest rankings at WikiFX?
NinjaTraderBrokerage WIkiFX Ranking
https://preview.redd.it/pgyqp0u644l51.png?width=631&format=png&auto=webp&s=eb268faac83608a494c31a39eb1621f7132e3520
This is where the truth reveals itself. Once again, regardless of the attitude to this particular brokerage this is really easy to find out what they do, what licenses they’ve got and what kind of software they use.
Suspicious clone? Seriously? If WikiFX staff cared enough to do any investigation prior to stamping that “Suspicious” mark on the brokerage, they would have seen that both domains, nijatrader com and ninjatraderbrokerage com belong to the same entity.
NinyaTrader whois data
https://preview.redd.it/2097lkw944l51.png?width=563&format=png&auto=webp&s=079cc4248b825a3cd941c6b691a67bb9769f4f7f
If they cared enough to collect information on the brokerage from at least one reliable source, like Investopedia or any other similarly known database, they would also have found out that the company not only provides the brokerage service, but also is known for its trading platform with advanced technical analysis tools. But the only trading software that WikiFX considers reliable seems to be MT4/MT5. They simply ignore the fact that trading does not evolve around MetaTrader products, no matter how good and popular they are. WikiFX lowers the score of any brokerage with custom-developed software. We can clearly see this with the above example.
Other criteria that WikiFX is proud to use for the broker’s appraisal are regulations. Using the same example let’s see how well they do the appraisal in this field. As you can see above, WikiFX used the “Suspicious Regulatory License” stamp for NinjaTrader Brokerage.
And here is what The National Futures Association, that NinjaTrader is registered with as a futures broker has on its record:
NFA regulation of NTB proof that WikiFX did not consider to be trustworthy

https://preview.redd.it/di8fwkdd44l51.png?width=629&format=png&auto=webp&s=2de618d5df26bd8fcca99c51a6030f4bdfa7f776
We can’t expect every trader to know that any futures broker that wants to operate on the US market must be a member of NFA. This is the requirement of the Commodity Futures Trading Commission regarding the futures broker’s operations. But this is totally unacceptable for a broker ranking website, which WikiFX claims to be, to mark NFA-registered futures brokerage as non-reliable.
By the way, did you notice on the above screenshot that NTB has obtained the NFA license in 2004? Yet, this does not prevent WikiFX from claiming that the brokerage has only been providing its services for 1-2 years only, instead of the factual 16 years of operations.
We can long discuss the reasons that lie behind such selectivity of WikiFX but this random example clearly shows that any brokerage that provides access to non-forex derivatives trading or dares to suggest custom-developed software to its traders is in danger of receiving a negative review at WikiFX regardless of the factual reliability and regulations.

What lies beneath WikiFX selectivity?

WikiFX claims to have a team of professionals that are all involved in objective appraisal of broker’s services, licenses and used software. The methods used by these professionals remain unrevealed and as we see from the above comparison two similarly reliable brokerages can get any score from 1.0 and up to 10.0 at WikiFX, no matter what regulations they’ve got, for how long they’ve been in the business and what kind of software they use.
This is difficult to say what lies behind such selectivity with 100% confidence. The first thing that comes to mind is that WikiFX might be affiliated with some brokers. The hypothesis gets even more realistic if we try to understand who sponsors WikiFX.
There are no transparent built-in ads neither on the web-version of the website nor in its applications. There are no paid subscriptions for access to the database. This means that users sponsor the service with neither their attention to ads nor directly. Being the non-charity and non-governmental organization WikiFX can’t be sponsored with donations or a government. The only option that we have left is that brokers sponsor this ranking system directly, which automatically makes the whole system non-reliable and highly biased.
The only transparent method that we know WikiFX uses to collect money is sponsorship fees they collect from their offline events participants. Let’s have a look at the exhibitors of the recent WikiFX Expo in Thailand.
WikiFX Expo Exhibitors

  • TLC is a non-regulated investment platform that was founded in 2019
  • Samtrade FX is not regulated by any of the agencies that WikiFX itself lists as reliable
  • Forex4you is not regulated by any of the agencies that WikiFX itself lists as reliable
  • B2 Broker is a non-regulated broker
  • XDL FX is a non-regulated broker
  • VAT FX is a non-regulated broker
    Six out of sixteen WikiFX recent expo exhibitors do not have proper legal status according to the “standards” of WikiFX itself. This fact does not prevent them from promoting the services of these companies at their offline events. This conspicuous fact tells a lot about the attitude of WikiFX to common traders looking for reliable partners. Reputation is nothing but a sale item for this brokers’ ranking system.

Murky & Murkier

So far we’ve only discussed the facts that anyone can check himself using free tools and sources.
It was not that difficult to discover that WikiFX uses non-transparent standards for brokers’ appraisal. It ignores the specifics of some brokerages lowering their scores due to non-standard derivatives they offer to trade or custom trading software. It also promotes non-regulated and non-licensed brokerages, which is 100% against the declared WikiFX values and mission.
The rumors are that this company was also noticed blackmailing brokers with the purpose of making them pay for better reviews at WikiFX. There are also some signs that indicate suspicious promotion of WikiFX platform through social media and Quora. Some of the WikiFX positive reviews also look highly suspicious. All of the above is a matter of further investigation.
Nevertheless, thousands of users keep relying on the information provided by this scam ranking system. It may even look like all these users are satisfied. WikiFX has got 4.5 starts at Google Play, which sounds good enough. However, positive WikiFX reviews use similar semantics and are also highly suspicious. Despite the high average grade, Google Play finds the following messages to be most relevant and brings them to the top of WikiFX reviews:
Google Play most relevant WikiFX reviews

https://preview.redd.it/kftutvcl44l51.png?width=532&format=png&auto=webp&s=1ccb74ee156388285a2fab711dd604945c04377c

You’ve got the facts now and it’s time to make your own conclusions.

submitted by WorriedXVanilla to u/WorriedXVanilla [link] [comments]

I had a bit of fun today

A friend of mine was contacted via Linkedin by a member of PROCRYPTOFX!!!!!!! I decided to investigate a bit and... Well, this happened.

Welcome to our site, if you need help simply reply to this message, we are online and ready to help.
hey there, I would like to know a bit more about the company
It seems this tool is not working as intended
is it?
Hello
Your name please
why do you need my name though?
no offense, but I find you asking for my name straight away a bit weird
I am not registered in your website yet
We need to know who we chatting with
isn't a potential customer enough for you?
You welcome
So how can we be of help to you please
so I've seen you've been running since 2013 but I've never heard of you before
and I've seen you're registered in the UK
is that correct?
Yes that's correct
do you offer both cryptocurrency trading and forex trading?
Yes
any guarantee on my funds?
if I ever deposit?
Sure
We have an Auxiliary trading decoder we connect to our clients trading account
what does Auxiliary trading decoder mean?
It's a software used in trading
how does that software protect me in case the platform goes bankrupt?
I am asking since I read a lot about exit scams
That software prevent your account from losing trade
kind of a stop loss?
I am not talking about that kind of protection here
Yes
I am asking about the company liability
I mean
I understand
And your funds is 100% safe and guaranteed
Okay
I expected a more detailed answer here, no offense
I have provided you the answers you need
What other questions did you ask please?
as a customer worried about how the funds are guaranteed, this answer makes it look like you deliberately don't want to go into detail on the matter
again no offense, it is a big red flag to me
don't you think so?
We are the trading company and you don't expect us to give you our secrets of how we make our profit
I have never asked for that, and it's obvious how trading companies make profit
All you need to be worried about is your profit
I am asking which authority guarantees my funds
it's not that much of a deal, is it?
additionally, the question is answered in your regulation tab, something that you should be aware of to begin with
It's our duty to always protect our clients and their profit
Okay
your duty should be to provide customers with accurate information, and in this case the information I asked for is disclosed in your own website (red flag n2)
now my follow up question, if you don't mind
the FCA (yes, the answer I was looking for) is an UK authority, and I am an European citizen
how would Brexit affect my protection?
I am a bit worried since you are registered in the UK, and you state "As an investment firm authorised by a regulator of an EU Member State, Procryptofx Limited is allowed to offer its services on a cross border basis to the EU Member States that permit the provision of our services in their jurisdictions and we are duly registered with their respective competent authorities"
if I am not mistaken, no deal has been reached yet between the UK and the EU on the matter
could you guarantee the safety of my funds in the event of a hard Brexit?
hello?
are you there sir?
Yes
Your funds is safe
Talking about the UK and the EU
If they have any issues that does not mean it would affect your funds in the company
Okay
I see you are skeptical about this
skeptical? don't you thing these concerns are legit?
ok, I'm taking your word
one last question if you don't mind
are you actively recruiting?
I might have been contacted via Linkedin by a supposed procryptofx recruiter
What's the name of the person who referred you to us?
hold the line pls
Am waiting
Are you there
yes sir
trying to get the conversation
it looks like it vanished
just gimme a minute
she was a woman speaking on behalf of your company
but I am trying to get the name
Am waiting
thanks for your patience
We are always here to give you the best
her name is XXXXXXX
I see
She's one of our account manager
I see
thanks for letting me know
no more questions from my side
You welcome
So when do you intend to get started with us?
I'll create an account on the weekend!
submitted by WH4T15P0RN to Buttcoin [link] [comments]

Weekly Update: The Parachute culture, $COTI on Gate.io, Pynk crowdfunding campaign live, Voyager + Sterling Trading Tech…– 22 May - 28 May'20

Weekly Update: The Parachute culture, $COTI on Gate.io, Pynk crowdfunding campaign live, Voyager + Sterling Trading Tech…– 22 May - 28 May'20
Heyo! Continuing with our six-part catch up series to get up to date on the May and June news from Parachute and partners, here’s Part II of VI (22 May - 28 May'20):

If you're in crypto, there's often the random pump/moon/wenBinance talk that props up from time to time in groups. Especially, when someone new joins a project and is unfamiliar with the community culture. At Parachute, we have always made it a point to have more meaningful discussions than price. Cap shared some of his thoughts on this as well. For the #culturalweekend prompt this week, Jason got Parachuters to share about “something weird your family does that is a tradition for them but not a traditional tradition”. Peace Love’s Big Trivia in TTR was quite fun as always. The beta testing group for ParJar swaps was set up this week. Also, Chris organised something amazing this week which will possibly remain a secret amongst Parachute admins (and Doc Vic 😊 ). But if word of it ever goes out, you’ll realise why Parachute is the most wholesome project in all of crypto. Chris also gave out some cool $PAR to folks in the Parachute channel to talk about "something that you didn't spend much money on that had a big impact on your quality of life". This week's Two-for-Tuesday featured music from "female artists, including bands with at least one female member". Click here for the playlist. Thanks Sebastian!
Some good cheer from Alexis all the way from Germany
aXpire’s May recap video covers product updates from Bilr, PayBX etc. To track this week’s 20k $AXPR burn, click here. The team also shared success strategies for law firms. 2gether co-founder Salvador Casquero wrote about best security practices in finance. A new update was pushed to Wednesday Coin’s dApp, WednesdayClub. In this week’s XIO discussions, Citizens talked about ideal time allocation strategies for research and execution. Top Citizens on the Leaderboard stand a chance to win some cool merch. Also, watch out for pesky scams. Voyager announced a partnership with Sterling Trading Tech to launch a crypto trading widget. Proactive Investors covered Voyager in its latest piece chronicling their growing user base. As mentioned in a previous update, CEO Stephen Ehrlich’s crypto investment webinar happened this week. Switch crew did a community AMA just before the $GHOST airdrop snapshot. The team expanded with new dev hires. In preparation for the $GHOST airdrop, ProBit completed its $VSF:$ESH swap and Stex announced support for $ESH/$GHOST airdrop. $ESH was listed on HitBTC and Changelly. Folks who guessed these exchanges correctly won some tokens as well. Founder Josh Case sat down with Mr. Backwards for an interview. Among several updates to the Ghost website, a staking calculator was added. Click here to read the latest technical update from Fantom. $FTM was in the running to be added as a collateral for DAI. Congratulations to Uptrennd for becoming the highest ranked blockchain-based social media platform as per Alexa. They started a SmartLink campaign with 2key Network. The first Uptrennd halvening went live this week. The team is reachable on Discord from now as well. District0x’s latest District Weekly and Dev Updates can be read here and here respectively. Hydro team shared their thoughts on how virtual cards for independent contractors (otherwise referred to as 1099 employees) could improve reimbursement practices. Entries for their Decentralization Ambassador program were opened this week.
These look great, XIO team
This is what is planned for the GHOST ecosystem currently
SelfKey compiled a master list of crypto lending platforms. The Loans Marketplace will feature many of these. Full transcript of the May 12th AMA was released. SelfKey advisor Edmund Lowell spoke at the BlockConf DIGITAL conference this week. Mongolian exchange AIS-X joined the Exchange Marketplace. Pynk’s crowdfunding campaign on Seedrs went live this week. Check out their campaign video here. Amazing production! Plus, this cool feature in City A.M. was the perfect way to close off the week. Wibson hosted a meetup (online of course!) for its Spanish speaking community this week. The crew also introduced the app at an Ethereum event in Buenos Aires. Harmony burned all mainnet tokens mined before Open Staking going public. The latest staking stats and validator data can be seen here and here respectively. That’s right, 3B+ $ONE is already staked. Woohoo! With its latest CoinDCX listing, $ONE got its first INR trading pair. Saweet! The major improvement proposals that were discussed with the community this week were making Open Staking more decentralized and creating a more liquid staking market. This led to the first release after Open Staking. The winners of the effective-median-stake contest were announced. Hope you got a chance to take part in the Flash Quiz. Do you know about all the projects that have been built in the Harmony ecosystem? Here’s a rundown. The team hosted an AMA as well. BitMax changed some of its rules for $ONE staking. Check out COTI’s latest network growth stats here. And super congratulations on winning the Gate.io listing vote! $COTI was also added to Binance’s Locked Savings staking program. Broking platform Troy Trade partnered with COTI to improve its scalability. DoYourTip’s $DYT now has 2500+ HODLers. Neat! Mycro was invited to join BitForex’s app platform CAPP Town. GET Protocol’s GUTS Tickets was covered in Cryptogeeks’ latest blogpost on blockchain-based ticketing.

And with that, it’s a wrap for this week in Parachute and partners! See you again with another update. Cheerio!
submitted by abhijoysarkar to ParachuteToken [link] [comments]

An Honest Review of T3 Newsbeat Live

T3 Newsbeat Live is run by Mark Melnick, a 20-year veteran trader from New York. According to him, he made his first million at the age of 19 during the dot-com boom back in the late 90s.
He claims that his trading room is the fastest growing trading room at T3 and also the Wall Street’s #1 trading room. You can see this in the description of his videos on Youtube.
He is a big proponent of reaching the highest win rate possible in trading. He openly shares some of his trading strategies in free videos and claims that some of his strategies are batting over 70% or even 80 %.
He also often says that some of the members enjoy a win rate over 90% using his strategies.
I will let you be the judge of this.
Self-Promotion
He makes a lot of videos to attract new people into his trading room. His daily videos are uploaded on Facebook and Youtube almost daily even on Weekends (mostly excluding Friday evening & Saturdays).
In so many videos you’d hear him talking about how his trading room has an edge over other trading rooms while bashing other trading rooms as a whole.
He often talks about how his trading room bought stocks/options at the near bottom or shorted at the near top using his “algorithmic analysis” which can be applied to all markets (stocks, future, forex, crypto).
Piques your curiosity, right?
In fact, that’s how I got to give his trading room a try.
“Who in the hell wouldn’t want to catch the top & bottom in the markets, right?”
So, you would think people in his room and himself are making a killing using his algorithmic analysis?
Not so fast… (in fact, his algorithmic analysis is just drawing trendlines and identifying the most probable support and resistance)
When it works (of course, nothing works 100% of the time), you are able to catch just few cents off the top and bottom when it works if you follow his trade.
However, you have no idea how long you’d have to hold your position. Mark doesn’t know either.
So, he usually goes for nickels and dimes and rarely holds a position longer than 5 minutes.
Even if he’s good at picking bottoms and tops, you’d often risk more than nickels and dimes just to make nickels and dimes. Make sense, right?
…….
…….
…….
Also, because he gets out of his positions fast, he misses out on riding some potentially big trades.
Oh, how I wish stay in that position a bit longer. He doesn’t say but one can surmise that he often leave too much on the table.
Of course, it’s important to take your profit fast when you scalp but you consistently leave too much on the table like he does, one has to wonder if he has any system for taking profits (otherwise, it’s all discretionary guessing).
This type of bottom/top picking is not his main strategy, though.
The strategy that makes him the most amount of money might surprise you. I will get to this later.
How Mark Trades (Mark’s Trading Setups and Strategies)
Mainly, he scans the market in the morning for earnings reports, analysts’ upgrades/downgrades and other catalysts that have potential to make moves in the market.
He openly shares his mockery or insult of analysts, calling certain analysts “idiots” or “imbeciles”.
He puts on his first trade(s) early in the morning (from 9:30AM to 10:00AM Eastern Standard Time) when the market move is the most volatile.
Some of his strategies use market order during this period of volatile time using options. You can see why this can be very risky and especially on thinly traded options with side spread.
He does point out this but sometimes you hear people in the room stuck in an options position that they can’t get out.
Just like his trades from calling the top/bottom of a stock, he gets in and gets out of a position within minutes if not seconds while going for nickels and dimes while staring at 1minute and 5-minutes charts.
That applies to most, if not all of his strategies. (Yes, sometimes he does catch bigger moves than nickels and dimes.)
When you trade during the most volatile time in the morning, you’re subjected to wild moves in both directions. If you’re overly prudent or inexperienced in trading, your stop (unless very wide), has a very high chance of hitting. A lot of times it might stop you out and go in the direction that you predicted.
So, when you’ve been trading during this time, you’d probably don’t set a stoploss order or a hard stop to avoid getting fleeced.
You do have to be proactive at cutting your loss as quickly as possible. Otherwise you’d find yourself scrambling to get out your position while the bid keeps dropping.
I have to say that Mark is very cautious and he does get out of trades very fast if he has doubt.
A lot of times he lets out exhausting, heavy sighs and even murmurs some swear words when things don’t seem to go the way he wants in a trade. Besides calling certain analysts, “imbeciles” and “idiots”, this is quite unprofessional but no one in the room has the gut to point things out like this.
The irony is that he is the “head of trading psychology” at T3 and it doesn’t seem like that he doesn’t have much control over his trading psychology and let alone his emotion.
People in trading chatrooms, like a herd of sheep, as a whole exhibit herd mentality. Even in an online chatroom, you don’t often see someone ruffling feathers and say what they really want to say.
This is probably because of the certain amount of people believing whatever he says without questioning the validity and quality of his comments.
He has several strategies and according to him all of them have win rate over %70.
However, he also comes up with new strategies as often as every month. He either comes up with new strategy or tweaks his existing strategies.
According to him, the reason is that the market is always evolving and you need to constantly adapt yourself to the ever-changing market environment.
What do you think? Does this sound like someone with an edge?
And for someone who scalps for nickels and dimes, he claims to have the highest Sharpe Ratio that he has ever seen in the industry. I’m NOT making this up. He often utters remarks like “My Sharpe Ratio is one of the highest I’ve seen in my twenty-year trading career.”, “I want to create a of traders with a very high Sharpe Ratio.
How can you achieve a high Sharpe Ratio when you scalp all the time?
And let’s not even talk about commissions generated from frequent scalping.
Who cares about commissions when you can be a scalper with high Sharpe Ratio?
Now, I want to talk about something controversial about his most profitable strategy.
Chatters
According to him, he makes the most amount of money using what he calls “Chatters”. He admits he bets on this kind of trades heavily.
His chatter trades are based on the “newsflow” of big funds making a move in certain stocks and piggybacking on the same trade before others catch on.
No one knows how he exactly gets his “newsflow” and he doesn’t give a straight answer when asked.
Maybe he pays a lot for this kind of information or maybe it’s given to him for free. Who knows?
But it makes sense. The name of the room is Newsbeat Live. Without this the name wouldn’t be the same.
This is probably the only real edge that he has and it’s understandable that he doesn’t want to reveal how he get this kind of newsflow and from where.
By joining his trading room he’ll make a callout on these trades for you to take advantage of.
In order to do this kind of trade, you have to be very quick on your trigger finger.
Almost always the initial move is done within a couple of minutes, if not seconds. If you get in late, you find yourself a sucker buying at or near the top.
Also, because you want to get in as soon as you hear his “chatter” announcements, he advised people to get in within 5 seconds of each chatter announcement and use market order to get in. He said that if he had a small account, he’d bet 100% on this kind of “high-octane” chatter trades and get in and get out fast for “easy” money.
This was how chatter trades were done
…Until one they when many people got burned badly.
Back in September or October of 2019, a lot of people in the room lost a lot money because they market ordered call options contracts on a chatter trade.
The spread on that trade was something like BID: 0.5 ASK: 5.00 few seconds after he announced it.
I didn’t take that trade. No way, I’m going to buy something that has a spread like that.
If you’ve been trading options you know that this kind of spread can happen. Many people that day in the room marketed-in on the trade, taking the offer at ASK.
They found themselves buying at $5.0 per contract when someone probably bought the same contract at $0.40 or $0.50 just few seconds ago.
Someone walked away with decent profits on that trade.
This was the biggest trading chatroom fiasco I’ve ever seen.
People in the room grieving and throwing numbers of how much they had just lost. 10K, 20K, 30K and even $60K.
Could it be also that someone who lost more and didn’t want to talk about it because it’d hurt too much? And how embarrassing to talk about such a loss. I give credit to people who spoke up about it.
People were obviously distressed and what did Mr. Mark Melnick do at this moment?
Initially, he didn’t say much. But what he said he was going to walk away from the trading desk to clear his mind.
It took a while for him to come back and he mentioned that it hurt him a lot that people lost a lot of money and encouraged people not to hesitate to contact him.
I don’t think he ever said anything about that he made a mistake insinuating to load up on chatter trades. No apology since everyone who took the trade did it at their own risk. He advised people to reach out to their broker and do whatever it takes to get their trades annulled because the market makers in that trades were despicable crooks and evil.
But let’s get one thing clear. Perhaps the cold hard truth.
Since Mark is the one who announces chatter trades. he basically frontruns everyone who gets in on these trades after him. There were times when he doesn’t take his own chatter trades and lets the room have it.
But when he does, it’s a guarantee win for him.
He has some sycophantic followers in his trading room and these people are always hungry for chatter plays. I can imagine drooling over the idea of next chatter trades.
It’s human to naturally seek the least path of resistance and this type of trade requires no skill but having fast trigger finger and a platform that allows fast execution.
By taking his chatter trades, you are most likely to make money as long as you act fast to get in and get out.
The thing is, you don’t know when it’s exactly the next chatter trade is going to happen.
If you take a bathroom break, you just miss it. If you take a phone call or answer a door bell, you just missed it.
So, it requires you to be glued to your monitor(s) if you want to make the most of your subscription.
So, we went over Mark’s most profitable strategy. But wait we haven’t yet to talk about his overnight swing trades.
Mark’s Swing Trades
His overnight swing trades jokes. Yes, jokes.
A lot of his overnight trades are done just before earnings announcements when implied volatility is at the highest.
You’ve ever bought a call option just before earnings, predicted the right direction but only to find out that you still lost money next morning? This is because of the implied volatility crush post earnings. A lot of people new to options don’t know this and get taken advantage by veterans this way.
I don’t know if Mark knows or not but I witnessed him buying options this way. I think he understand the concept of implied volatility but why he gets on such trades is a mystery.
I haven’t exactly checked the result of all of his swing trades but I wouldn’t be surprised if people lost more money following his swing trades than anything in the room.
Final Word
Mark offers “free-consultation” on the phone for people who struggle in their trading.
He said that he takes a lot of phone calls but often you’d get the feeling that he is distracted, unable to give an undivided attention for his consultation.
“How would you like to get on a free consultation with a millionaire scalper who can take your trading to the next level?” Appealing isn’t it?
But would you want to get on the phone with someone who is going to give a consultation, even if he or she is distracted?
Oh, it’s a free consultation. Ok, why not? What do I got to lose?
In his videos, you’d hear him saying that he cares for everyone in his trading room and considers them as part of his family. And he runs the trading room out of his good heart and intention more than making money.
Besides he says that he makes more money from his trading than running the room.
My suggestion is that you have a look and you’d be the judge.
He does hold “open house” for his trading room from time to time.
Also, I believe that if you try his trading room for the first time, you try it for a month for about $50. As for me, he’s just another front runner using his trading room to profit with a bad sense of humor and exaggeration that make you cringe.
submitted by appplejack007 to Daytrading [link] [comments]

CMC Markets: is everything in CFDs? If so, how do the forward date ones work?

I just started a demo account with CMC Markets, and I was wondering if every single asset listed is traded as a CFD? When learning about forex from BabyPips I had the mentality as if I'm literally trading the currency; as in if it were in person, I'd be giving some coins in one currency and receiving another. I guess since CFDs are linear derivatives it doesn't matter as much, but I still feel like there are some additional considerations when trading CFDs vs "actual currency"? Also, what are the maturities on these? Are there even maturities? All the quotes just say "USD/CAD", "EUJPY" etc, but from my understanding of a CFD, you agree to pay the difference from actual and agreed, much like a future, so why are there no maturities?

Question 2: For CFDs on things like equity indices, they seem to trade the whole day unlike their underlying. Does this mean say at 9pm EST the S&P500 CFD is just people essentially betting on tomorrow's open? And again with the futures thing, does after-market hours trading in these CFDs affect the real opening price the next day? (If markets are efficient and we assume there are people watching CFD prices like future prices, and then tomorrow's early trades become based on what the futures markets seem to say about the S&P, holding news and other things constant).

Question 3: For CFDs with maturity dates like commodities on this platform, how does that work? Again, I'm mostly confused at how CFDs operate without maturities and how they different from futures. On the CMC markets platform, many agricultural commodities come with the suffixes like either "cash" or a maturity date, but currencies and equity indices do not. What does this mean? Those commodities I'm clicking trade on...am I trading a corn CFD? Or a CFD on corn futures? What exactly is the underlying mechanic?
Question 4: yet another example. For the bond indices...what am I looking at on the platform? I just want to get a chart of US treasury yields but I don't think that is available on CMC. What am I looking at when I click UK Gilt Cash or US T-Bond Cash or US T-Bond Jun 2020?

Tl;dr Don't understand the mechanics of CFDs and thus I'm not sure what EXACTLY I'm actually trading when I trade things like currency, equity indices, commodities. Surely I'm not actually trading a physical commodity or actual shares. Please note this is specific to CMC markets.
Thanks :)
submitted by fittyfive9 to Forex [link] [comments]

Has anyone tried Forex robot trading?

What Is a Forex Robot?
These days, it is becoming more and more common for traders to utilize modern methods of technology in their trading and there are many advantages to doing so.
Traders are increasingly likely to use trading systems or software that allows them to automate the trading process — thus reducing the problems of emotional attachment to a trade or a lack of trading discipline. A Forex robot does exactly that and one of the most popular ways to use one is via the MetaTrader 4 platform.
The MetaTrader 4 platform offers a complete solution to a trader’s needs, consisting of charts, news feeds, and more. And, by coding in the native MQL4 programming language, it is also possible to write custom built indicators or even trading strategies — also known as expert advisors.
Free Ex4 to Mq4 decompiler!! Top EA List: https://best-forex-trading-robots.com/
Expert Advisors
An expert advisor (EA) is another name for a Forex robot, one that has been developed to be used on the MetaTrader 4 platform. Since it can be custom built, an expert advisor can be designed to implement any trading strategy or risk management system so long as the designer knows how to code it into the program.
For example, a trader may design an EA to open positions in the market at a certain size after a moving average crossover.
Has anyone tried Forex robot trading? Best-forex-robots
Benefits
The main advantage of using a Forex robot is that it takes the emotion out of trading, which if not addressed, can be a big barrier to many traders. Fear, greed, and stress can build up in manual trading all too easily, leading a trader to lose money and get frustrated with the game.
A robot on the other hand, will implement the chosen strategy flawlessly every time and with a high degree of accuracy. It will also make difficult risk management calculations in the blink of an eye, much faster than a human trader. Not only that, but robots can be designed to trade around the clock and on different markets at once, meaning that you need not have to sit in front of your screen all day and all night.
In short, a Forex robot can take much of the hard work out of trading — that hard work is done beforehand — developing and testing the trading idea.
Limitations
Of course, there are no shortcuts to making money on the Forex markets and working with a Forex robot brings with it its own inherent limitations.
For one thing, Forex markets are fiercely competitive and coming up with a robot that is able to beat the market is a notoriously difficult thing to do.
Indeed, it is not enough to design a robot that works over a couple of weeks data, the robot must work over several months, if not years, of historical data and undergo rigorous statistical testing to prove that it works. Because if a trader cannot be confident that the robot works, they will more than likely abandon it when times get tough.
submitted by Rongpure1 to u/Rongpure1 [link] [comments]

IQ.cash review - Masternodes cryptocurrency for investors, traders and miners!

IQ.cash review - Masternodes cryptocurrency for investors, traders and miners!

Introduction

As you know, the world of blockchain and cryptocurrency does not stand still, but moves forward. There are many different coins, ICO startups, crypto exchanges, blockchain platforms and so on. The number of crypto enthusiasts is also growing accordingly. In general, we are moving towards something new and not ordinary. And today we are going to talk with you about an interesting and promising platform called IQ.cash.

About the project

IQ.cash is a unique global platform on the blockchain, created for investors, traders and miners. The main objective of the platform is to provide real-time, anonymous payments and real-time investments for crypto enthusiasts.
The IQ.cash project team has already developed for their investors the IQ Masternode network that they use. Also, the IQ coin is presented on such well-known exchanges as HitBTC, BitHumb Glogal, P2PB2B, CoinsBit, BitForex, CREX24 and Mercatox. Therefore, traders can easily trade it! If an investor has more than 3000 IQ on his balance sheet, then he can receive passive income 57% of the block, miners, in turn, receive 43% of the block. We still have 6%, which are reserved for DAO (decentralized autonomous organizations), that is, they are used to invest, for example, in ICO projects, websites, trading bots, and improving the entire IQ ecosystem. cash and so on. All of these unique features can help make the IQ.cash platform popular around the world.


https://preview.redd.it/302cjpjeefx41.png?width=1226&format=png&auto=webp&s=03ea41af1ae7c0077c253f8de0fd8caf65f5e11d

Why do people use IQ.cash ?

  • High security
The user's personal account is well protected, and no one can block it. Nobody can get access to funds, only the owner can dispose of them.
  • MASTERNODE
The IQ.cash platform operates on the basis of the POW consensus with support for a system such as MASTERNODE. And this is very cool, since this system makes the project more interesting and attractive for crypto enthusiasts. Indeed, thanks to the MASTERNODE system, miners receive 43% from mining, and people who own MASTERNODE receive a passive income of 57%. MASTERNODE supports the network, ie data privacy, transaction anonymity and speed, and much more. To become the owner of MASTERNODE you need to have more than 3000 IQ on your balance sheet.
  • Anonymity
Transaction anonymity is provided by the PrivateSend algorithm. Users can feel safe and not worry about their assets. Since this system perfectly encrypts data. Therefore, you can safely send and receive any crypto assets.

  • ASIC RESISTANCE
This technology is struggling with such a serious problem as a significant acceleration in the growth of network complexity. IQ network. cash works on the basis of the NeoScrypt algorithm, which is struggling with this problem.
  • High transaction speed
Such an instant transaction speed, because the InstantSend algorithm works. Just think about it, the transaction speed is only about five seconds.
  • Absolute decentralization
Affect both participants and crypto assets of the IQ network. cash no one can. Because everything will be safe, reliable and transparent.

About Masternode

About passive income, I wrote above. Therefore, here I will simply sign what needs to be done to be in Masternode. Install a wallet. Top up your balance with just over 3000 IQ. In this case, you must have a dedicated IP address and also that the network worked 24 hours a day. And you begin to receive passive income.

About Wallets

The wallet can be downloaded for windows, linux, MAC.
https://preview.redd.it/vtnaleanefx41.png?width=1101&format=png&auto=webp&s=27fd05f190793e82f2f38000d462c8e37b556db6

https://preview.redd.it/kwrr7cslefx41.png?width=1280&format=png&auto=webp&s=6204567295dd86104db68172cf8b65ad0898c493

Conclusion

IQ project. cash is very very promising. Now he is on everyone’s ears. I think who knows what masternodes are, they should be interested in this project. In addition, their coin is traded on many exchanges and this already says a lot.

Information :

submitted by anitamalone to BlockchainStartups [link] [comments]

The Flaw in the Free Education Theory.

The Flaw in the Free Education Theory.
Open letter to those who believe we can learn to be profitable traders for free. I have some points I think I need answered in this theory.

Before I go further; I do not sell Forex education, do not know anyone I'd recommend and have no inputs what-so-ever on who would be good to pay to learn. This is not an advert, it just objective.

We'll start by entertaining this notion that we can all learn for free (and we'll ignore the inconvenient fact that almost no one actually makes money even though this free stuff is there for all). So let's warp into a m alternative reality where most people can easily make money in Forex if they just read the free education. Put aside 100 hours, and you're set. All that's left now is picking out the colour of your jet.

How does the market work? Oh ... that's right. Buyers and sellers. What happens when everyone know the same stuff and that same stuff is actually correct? Everyone takes the exact same trades. Seems legit, but wait a second ... who takes the other side of the trade? This is a problem, since we'd have to assume if everyone could learn for free, then everyone would and therefore the markets would reach a nash equilibrium. Like playing knots and crosses when both of you know optimum strategy, there is no way anyone can win or lose.

So, if in theory we could all win with free education, we'd accelerate towards a point where no one can win. Seems legit.

What would happen, in this magical world where we all know the right thing to do and no one has any edge at all? Would it be possible that there'd be some groups of large entities like banks that were able to notice everyone was doing the exact same thing? Do you think they will do the same thing when they know no one can win doing that? Does this seem logical?

it's not logical. What is logical is they will trade against these positions. How would that happen?


Position Clusters

In the above example we've all learned from our Babypips where to buy. Everyone knows this. So everyone does it. Price will start to move up. So if a bigger player wanted to profit here, they'd find it harder to get the price they want (or they'd get it first, meaning none of us get the price we want which also fucks the entire theory). They can do better just trading against you. It really is simple, because everyone has already laid out their easy take profit area.

They can sell when all the mass positions start to push the market up and they can then dump this position into your stops.
Stop Grab

Does this look like something actively happening in the markets day to day (Uh huh).

How long do you think it would take for everyone using free same free stuff available (and the same free indicators in the same free trading platforms) before what the people using this free stuff do becomes stupidly predictable? How long after this do you think it would become useless because larger entities traded against these positions? Finally ... how long has there been free education for all. Are you getting the picture here?

Parts of free education are useful. In the same way that learning about words and punctuation is useful to a person who'd want to write a book. However, what the free education theory is more akin to is all of us going out and copy/pasting the Harry Potter books and all of us selling as many as JK herself. Again, seems legit. We can all do exactly the same thing, but somehow (from who knows where) wee still find the same volume of people to be on the consumer end. I mean, they have their own Harry Potter books too, but they still go out and buy them .... from everyone. Does any of this sound logical?

So my question is, for those who promote this idea, how does it work? Can you explain to me using the dynamics of how the market has to work (not just saying pointless things like "if you have to pay it's a scam") how it would be possible for us all to learn for free and then continue to profit from that?
submitted by whatthefx to Forex [link] [comments]

SCAM BROKERS EXPOSED

If any of the following happened to you, you are probably the victim of a trading scam:
* Firstly, has your account manager convinced you to start small with a deposit of 250 (Euros, Pounds, or Dollars)? Did he then show you on the trading platform that your initial investment has now grown to 1000 in a single week (or something like that)?
* Secondly, were you looking to invest in Forex, Binary Option or Cryptocurrency? Did your broker tell you that you can become rich trading just a few hours a week?
* Maybe you are already making tons of money on their trading platform and yet they persuade you to keep putting more money. When you to attempted to make a withdrawal, did they convince you and pressure you to leave the money in?
* Did your broker provide a very insecure password to your new trading account like 123456?
* Finally, does your company charge zero fees to make trades for you. If you answered yes to one or more of the above questions, there is a really good chance that you are indeed a trading scam victim. All of the above are key indicators that you have been the victim of an online trading scam. Why? Because A, there is no investment opportunity under the sun that can make a 300x return in a week. B, it is impossible for a juvenile investor with no prior trading experience to become rich with just a few hours of work in a week. C, no legitimate brokerage would try and prevent you from making a withdrawal. It is your money! D, no professional trading company would put their customers’ money at risk by providing an insecure password like 123456. And E, how does your broker make money if he doesn’t charge fees unless he is scamming you? If you find out you are a victim of binary options fraud, i would implore you reach out to (ADMIN "AT" WOLFPACKHACKERS "DOT" C O M) as they are recovering funds for victims at no upfront cost. Reach out on this website (WOLFPACKHACKERS "DOT" C O M) . Good luck .
submitted by Bergman-matt-012 to binary_options [link] [comments]

In search of Team!

Im willing to teach how to earb fully passive, just by investing some bucks.(about 10$ will do)

So whats it all about?
Its about adshare company, which is fairly new, but the most promising. The catch here is, while everyone else is struggling with similar platforms, this platform still brings steady income every day.
How does it work? Easy. You have to deposit some funds (forgot to mention, you will need a bitcoin wallet), and thats quite it! For the next 125 days you will earn UP to 1% from your original deposit. (right now, while that covid is out there, earning are 0.8% up to 1% every day). After those 125 days, you will earn back your deposited money + precentage of interest.
How are this company making money?
This company is transperant, they expose everything about their earning streams. AS they claim: " Our company activities include investing in crypto trading, crypto arbitrage, forex-crypto arbitrage and forex trading over a solid, well-diversified portfolio. "
These are pretty safe, and whats the difference between this and other similar platforms? THEY HAVE MULTIPLE REVENUE STREAMS which allows you to earn despite all crisis.
If you are interested joining my team, and want to start to earn fully on autopilot, give me a DM!

Have a nice day!
(To join, you will need basic knowledge in technology and a crypto currency wallet)
submitted by Roltoons to MoneyMaking [link] [comments]

In search of team

Im willing to teach how to earn fully passive, just by investing some bucks.(about 10$ will do)

So whats it all about?
Its about adshare company, which is fairly new, but the most promising. The catch here is, while everyone else is struggling with similar platforms, this platform still brings steady income every day.
How does it work? Easy. You have to deposit some funds (forgot to mention, you will need a bitcoin wallet), and thats quite it! For the next 125 days you will earn UP to 1% from your original deposit. (right now, while that covid is out there, earning are 0.8% up to 1% every day). After those 125 days, you will earn back your deposited money + precentage of interest.
How are this company making money?
This company is transperant, they expose everything about their earning streams. AS they claim: " Our company activities include investing in crypto trading, crypto arbitrage, forex-crypto arbitrage and forex trading over a solid, well-diversified portfolio. "
These are pretty safe, and whats the difference between this and other similar platforms? THEY HAVE MULTIPLE REVENUE STREAMS which allows you to earn despite all crisis.
If you are interested joining my team, and want to start to earn fully on autopilot, give me a DM!

Have a nice day!
(To join, you will need basic knowledge in technology and a crypto currency wallet)
submitted by Roltoons to WorkOnlineJobs [link] [comments]

The Fastest Way to Calculate Risk Reward on a Forex Trade ... Introduction to the MetaTrader 5 Trading Platform - YouTube The truth about Forex trading - YouTube Lesson 6.1: What is swap in forex trading? - YouTube Ten Tips for BEGINNER FOREX TRADERS! - YouTube How does the RTRS Trading Platform work? How Forex Trading Works - YouTube

Understanding the forex market and winning at trading forex online is an achievable goal if you get educated and keep your head together while you're learning. Practice on a forex trading demo first, and start small when you start using real money. Always allow yourself to be wrong and learn how to move on from it when it happens. For novice traders, it is necessary to know what is Forex trading and how does it work. ... Via a trading platform, you can trade currency from anywhere you want. Moreover, it is an enormous opportunity for those people who want to work from home. Apart from the extra income, there are also some other opportunities which encourage people to invest money into currency trading. Future Market ... Forex Brokers. In the beginning, it is highly advised to work with a good forex broker first offers a demo account like Tickmill. With a forex broker, traders are given access to the foreign exchange market, a platform where they can perform forex trading transactions. Brokers may work with individual clients or larger institutional firms. From then on, this is where your own broker has a connection to you, the retail trader, through their own trading platform. This is how the ecosystem work. Banks would communicate with your own retail brokers, commercial companies or investment funds. It does not mean that they will dabble in all three categories for the banks. 81% of retail accounts lose money when trading CFDs with this provider. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 81% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Trading Forex and CFDs is not suitable for all investors and comes with a high risk of losing money rapidly due to leverage. 75-90% of retail investors lose money trading these products. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Investors who are making their first steps to Forex trading can download a trading platform to have 24/5 access to the currency market. It provides a wide array of advanced tools and coherent charts for the implementation of an investment strategy. MetaTrader 4 is a popular platform for Forex trading. It equips traders with tools for technical analysis, different types of orders and signals ...

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The Fastest Way to Calculate Risk Reward on a Forex Trade ...

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