When the OP came to this board this was the account. In 1 week it had lost over $10,000 and had margin of $490 left.
There was one trade with 1 lot left open and the tentative advice (from me) was to keep it open.
There is no way that the broker would have allowed the huge positions you...
Actually, it can be done. Except for spread betting I think the only accounts that can be succesfully traded with only a few thousand are forex accounts.
In the case of a 30 pip drawdown why would that be a problem? With oanda you could enter a $1000 position. 40 pips on that is $4. It still...
If you are an example of the quality of moderators then www.stockhideout.com is looking to be one of the most suspicious trading forums on the net- . BTW, who deleted the thread about this topic on your forum ?
You are still blaming the platform and the poor trader who lost her savings...
The forex market has done nothing unusual for months, what are you talking about?
Just a query, how long have you been trading forex (with real money)?
You just blew out someone's life savings in a week and yet as part of that you think you are a good (if not great ) trader.
I think you have what it takes to be a great vendor. The best we see on ET really believe their own crap.
Let me see,
An account with total $12,000, within two days of you taking management, goes down to under $3,000, and you consider this normal trading? Wow, so all of your accounts behave like that, they all add extra money when you ask?
1. Anything around 30- 50% /YEAR is a good record.
3. Any past drawdowns should be less than 15% of account, and the smaller the better.
2. The only evidence that counts in this business is verified track record.
From reading the posts of your boy it looks like he started trading forex a...
These scams happen all the time and they are hard for begiiners to pick. I got taken for over $2000 when I started trading (before finding ET). Some lose hundreds of thousands.
The way EliteTrader works is that vendor scammers get torn a new a..hole as soon as they appear. There are just too...
He is doing 10 trades a day! And in the first two days he lost 75% of the account.
This guy is not a trader, he is a butcher.
Just be thankful you only gave him a small amount.
p.s. let us know the name of the forum..And think about finding a better paying job.
âGoodbye Europeâ
By Lowell Ponte
FrontPageMagazine.com | March 28, 2006
âEuropeâs botched civilization, perverted by socialism and lost faith, seems to have lost the will, the passion to sustain itself. If it continues to practice todayâs multiculturalist leftism, Europeâs...
It can happen very easily. For example, a nuclear detonation in Tokyo would make the yen drop like a rock - 10- 30%- because there would be no one taking a yen long position.