Recent content by MountainTrader

I'm sorry that I said that incorrectly. Here is a better way to explain it. Correct me if I'm wrong. In the 100:1 account with a hypothetical 10,000 capital at 5% risk with a 25 PIP stop loss you would be able to trade 20 lots. With 20 lots X $1.00 per pip X 25 PIPS your risk would be $500 or...

I respect the fact that different people experience reality in different ways. In my reality I have 2 accounts with different brokers one with 100:1 leverage and one with 200:1 leverage. When I make a trade with 25 PIPs profit in the 100:1 account my profit is $125 per lot. When I make a...

Thanks for this excellent post. I am practically sold if they just had higher leverage. I realize many people recommend not using high leverage but unless you are losing you will always make more money with higher leverage everything else being equal. The people who warn against high leverage...

This is typical of promoting a trading style that benefits the broker rather than the trader. It would be nice to see a broker who is interested in the success of the trader over the long term. If they were they would not be requiring all these round turns per day, etc. I am an active trader but...

Interest rates are not fees. They are (theoretically) the difference between the interest rates of the two currencies in the pair. Therefore it is unethical for them to be anything other than that.

Just because a broker discloses that their interest rates are a rip off does not make it any more ethical.

Unfortunately I am not abe to recommend any particular broker because I have not found one that has all the features that I desire. Plus almost all training programs are tied with an introducing broker which is why there is a vested interest in the type of trading that is taught in the Forex...

I guess I will explain it again. I believe that it is unethical for a broker to have negative interest rates that are twice as high as the positive ones. That indicates that they are not really the interest rates that would be theoretically "passed through" from the interbank market if MBT/EFX...

Notice there was no response from EFX to this issue. Fortunately for them almost everyone day trades and doesn't care what the rollover rates are. However, I have recently authored a trading course demonstrating the methods I use to consistenly win which focuses on the longer time frame and I...

Again, I have never experienced any of these things with several other brokers and interact with hundreds of other traders who have not experienced these things except for those that are scalping and trading extreme short term.

Thanks. Although I have been here since 2005 I rarely log in because this forum is populated with a lot of anti-success people who do not believe it is possible to trade successfully. (You don't need to do a search to see that) I'm not sure why they like to hang out here if that is their...

I never trade the news and have never been concerned about the issues that most traders compain about. All the alleged broker manipulations affect only the extreme short term traders and I only trade longer term. Many people on ET say that brokers are all scams. I agree to a certain extent...

This is pretty much the case with any of the mainstream brokers. And why would white labeling be a benefit to the customer unless you just want to pay a middle man or be one. I have experienced good customer service with most of the mainstream brokers, have not experienced slippage, have a...

"Loose stops" is pretty vague. I always have a very specific technical point at which I would no longer want to be in a trade. If the market takes out my stop consistently that would just mean that I was not clear about why I was entering the trade and why I would want to get out. It would...

I guess TA is many things to many people. For me it captures the best movements and stays out of choppy markets. The best movements of a trend are captured and non trending markets are avoided using TA. If you see it as getting leftovers you are doing something entirely different but TA...