Is GFT worth a chance??? ( Mini Spot Forex Account)

Quote from cabletrader:

There are so many valid points in this thread, made by some experienced traders, and you've managed to miss pretty much all of them :p

I guess it could work out in theory, worst ways you'll lose a few hundred dollars finding out so it's worth a shot.

Let us know what happens, blow by blow, it will be like an Elmer Fudd / Mike Tyson bout!
More...


GRRRRRR!!! ;) unfortunately You are right... but humans are so weak... :( not a single little try You say??? I've not made a decision yet. It is very nice of You to try to help me... still.
 
NOW, if I had an working account I would sell eur/usd with 30 pip stop and wait for a long time... at least 1.4903

probably 1.4820 or less
 
ok, my first stop at 1.5090... on eur usd

if the stop is hit, I check in an hour, check the momentum and sell again, with stop few pips over the top
 
OK. THE DEPOSIT IS ON PLACE.

I am now ready either to enter some trades (which will for sure blow me out of my money one after another) or withdraw everything.

About the trade on EUR/USD: first TP is of course at about 1.4953 (23% fibo).

then after the momentum starts going up, take at least 62% of the move from the top to the 23% fibo. Then I think it will start going a long way down to 1.4689 and then reverse all the way up, way over the top, where it already should have been if not the politics and all the rumors.

But wait... the momentum up for the last two weeks is strong. It will rather bounce on the second fibo (38%) or even consolidate over 1.4953 after it goes there. We will see.
 
sorry, the first support/highly probable bounce on EUR/USD is at 1.4932, next at 1.4837. The first one will be probably met today or tommorow, the next one may take several days, probably on 3rd-4th march. Or, possibly, after meeting the first support, it will go strongly upwards to new highs at 1.542.
 
You can definately make it. However, you need to be lucky first couple trades to quickly build your capital in order to apply proper money management and still have a chance to make $.

penny pip fractional micro accounts are a waste of time, with that said, be careful holding with GFT for a longer time frame---- i had a very small account there, and it bled to death due to roll fees, et al over time. i also had a small account with FXCM-- did not notice the bleed fees over time. FXCM is now offering metatrader in addition to their platform.

best wishes,

surf
 
You must log in or register to reply here.
Back
Top