...what if time it does prove to be sucessful as we hope it will be, then what? All the nay sayers will say it was luck or some other hogwash.
I'm not sure how you got that idea but sorry, you were mistaken.
I never get margin-called even if it does go neg 60%. It's all about how you leverage.
Is this a joint journal or something? (tkbieber and lumbco). Im confused! Good luck either way!
Account 1 is HotFX Standard
Account 2 is mini with IntelFX
When account 2 grows, I'll need to switch it to standard.
IntelFX in New Zealand? If so good luck in getting your money out!
http://www.forexpeacearmy.com/public/review/www.intelfx.com
What do you do with your positions if they are still open on a Friday evening before the market closes for the weekend?
1 pip todayDoesn't matter, I leave them open.
Show me proof so I can sue them.
Agreed - I just follow the profitable advice of the thread owner.
You will get your proof when you try to withdraw your money from them!
I apologize, as I thought you were joking. After doing some reading you may be correct. Well, it was only $100 but it is frustrating that I need to start over again. I think I will let it ride anyway but need to find a broker that is legit. Anyone know of a good broker??
My criteria is: Accepts US citizens, at least 1:200 leverage, (paypal or alertpay preferred), as well as bankwire for deposits/withdraws. If no alertpay or paypal then credit card would work. I'm just depositing $100 anyway.
I already have Hotforex and fxdd as brokers and want to diversify for now the obvious reasons.
Sorry then, I have to say that Hot Forex is looking like the same trash like IntelFx.
FXDD does not allow micro lots to trade with, I have a live account with them too.
Although I cannot tell you brokers based on your criteria right now, my advice would be:
Forget every "broker" which accepts Liberty Reserve and/or Perfect Money for payments.
Both are an anonymous payment service.
Which company accepts and sends anonymous payments and gives a sh!t about who you are actually?
The answer is: The SCAMMERS. They don't care about you, they only care about your money.
My second advice would be that you should think twice having more than $300.000 at once in any forex brokerage account.
It is not safe as there is no online broker which is immensely trustworthy in the world. Actually nothing is.
Why am I telling you this, is that you should recalculate your compoundings based on that you cannot have millions in a brokerage account at once.
I am looking into a broker called Traders Trust. I spoke with a rep. They seem to be legit with very low spreads on the GBPUSD. I may start up $100 account and let it go for two years.
You should seriously seek for professional advice if you find this broker "legit" also.
forexpeacearmy.com/forex-forum/spammers-hall-shame/traders-trust-com-spamvertising
Read the AsstModerator's advice...
They are also accepting LibertyReserve. There are very very high chances that you won't see too much of your profit.
Please don't dig your head into sand and tell yourself that "this must be legit, cause I talked to a Rep.".
Talking to a Rep. does not mean ANYTHING.