Recent content by outofphase

David, I just noticed FPA removed some of my reply to you. I had a section there recommending getting the right education and was recommending a trading institute that has credibility. If you want to know more about it, then PM me and I will send you the URL as well as a link to a youtube video...

The fact they don't support MT4 is NOT a problem, it's a blessing. read my other recent post in this thread to understand why. MT4 is not and should not the platform of choice for anyone who wants to trade professionally. It's time you guys start understanding this and give your money to...

Because MT4/5 is not a professional platform. The whole Metaquotes technology stack was created for retail brokers and the Metatrader UI is not designed to help the trader act quickly in case of emergency (I am refraining from writing it was done on purpose, but would not be surprised knowing...

1- David, the first thing you need to keep in mind, always, is: how do I lose as little as possible? Focus on preserving your capital. That should be priority #1. Not how much will I make today or this week. Not this is my goal amount of money for this trade. You take what the market gives you...

The other mistake is opening an account with less that 1,000/USD. 1,000/USD means only trading micro-lots. And this is good enough for new traders who are doing ok on demo and now want to test the water with real money. Ideally, the minimum should be 10,000/USD, which means only mini-lots...

Goddam it! just spotted typos. How do I edit this post???

This is for all those who are trying to make sense of all the marketing nonsense they find on countless broker websites. I will summarize the key points in a short list of what you must know in order to feel confident you are trading with the right broker. 1- Know the terminology and what it...

Is it justified? I would say that at the retail level it isn't, and even less so if you are not very experienced, especially if you cannot handle your emotions properly when trading. In other words, if you know what you are doing, if you have a working and winning system, you will immediately...

since retail traders can't have access to the real thing, then i'd say that so far the following retail brokers have a demonstrated record of not cheating their clients because the broker only has to let client loss probability actualise itself over enough random trials, meaning over a long...

Let's start with the Forbes article: "On Feb. 6, 2017, the NFA barred FXCM from membership due to “numerous deceptive and abusive execution activities that were designed to benefit FXCM, to the detriment of its customers.”" source...

Experience and talking to the right people in the industry and cross-referencing all the info I could get my hands on online.

Remy, slippage during volatile times is not unusual. Also, it will depend on how much liquidity is available at TOB (top-of-book) for all client orders competing for the same price at that same moment in time. Then when TOB liquidity is exhausted, the execution algo starts sweeping the book...

That's only part of the truth, and you know it. Let me refresh your memory: 'According to the NFA’s complaint, the no dealing desk model was routing orders to a ‘dealing desk’ model which was largely serviced by liquidity provider (LP) Effex Capital. The latter was presented by the firm to be...

You need to decide first whether you want to be out of all your trades after the hour is up. If yes, then you gotta use everything from daily on down to 1 minute or M1. I mean daily will give you today's context relative to yesterday's OHLC. Then, depending on the ccy, M1 up to M15 would be...

Yes, usually that's the storyline. However, individual retail traders' orders are not matched directly against LPs. Rather, it is the retail broker that sends the orders out (aggregated or not) in the broker's name and that is what gets matched on whatever venue the retail broker has access to...