Quote from RedDuke:
Confused,
Thanks for your honest post.
I have got bad news for you. The main issue with forex on retail level that you can not trade size there. I tried, and had issues even with 10 statard lots, forget about more. Forex is not real in MM bucker shops, and your sysem no matter how good it looks on paper or with small real account will have issues, which you do not even know about, once size is apllied. I learned it the hard way (and that was not even news trading where markets are too volatile).
Me1969,
100% -500% a year can be done, but only on small capital. Yes, you can take 200K and turn in into 1 mil. However doign it on 1 mil is very hard, and almost impossible on larger amounts.
Do not beleive me, read for yourself what Ed Seykota, Paul Tudor Jones have to say on a subject.
Regards,
redduke
Why would you have problem trading size in forex?
If Ib or oanda is not enough than i would think trading through currenex should be.
And btw i am not talking about scalping or 1-5 min trading but longer timeframes catching bigger moves
