How long have you been trading with them? Do you have experience with other brokers too?
what is your opinion about TickMill ?
- Thread starter lifefx20
- Start date
Its been 13 months now with Forexchief. The experience is positive so far.
I wonder do you use master account to spread trades or just manually place trades on different platforms without any synchronisation efforts?
Views Below Relate To Manual Trading Only (unable to vouch for any API related offerings)
If you're going to go with a broker in the UK go with IG Markets. Platform is solid and there are no fun and games.
No provider/platform will tick every single box but given the number of scum bag outfits out there - if you're able to or wishing to secure an account in the UK, you're mad not to be with IG given my own journey with them since 2007.
If you're going to go with a broker in the UK go with IG Markets. Platform is solid and there are no fun and games.
- I've had losing trades as high as -£5000 go right up to ONE PIP before my STOP and turn around with the market to become a profit.
- I've been able to withdraw £70,000 in one go with no issues and have it land in the bank within 2 days.
- During fast and furious trades I've had many positive slippage fills making me extra £££.
- When I was winning with streaks as high as 25 trades with 3 and 4 digit returns no one called me, nothing on the platform changed.
- Never experienced suspicious spikes and if anything they seem to absorb liquidity spikes and smooth out their bid/offers.
- 100+ trades a day, 1 trade a day, 3 second scalps for 4 digit return, trades lasting 3 months - experience consistent with no problems.
- Despite 0 commission and earning from the spread these remain competitive even in high-drama - although horrible widening can occur during opens and closes or on less popular pairs experiencing very high volatility.
- I've also been able to give them a call when I made really stupid execution mistakes and get things fixed and everything sorted out.
- Mobile and Desktop platforms are solid and fit for purpose.
No provider/platform will tick every single box but given the number of scum bag outfits out there - if you're able to or wishing to secure an account in the UK, you're mad not to be with IG given my own journey with them since 2007.
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What strategy do you use? I see you are talking a lot about strategies could you please share one if you have
Do you also use MT4 platform for trading? In your view is it complete and powerful enough to stay competitive in the market?
Platforms matter in so far as one is able to get comfortable enough and familiar enough with them to do the things they would actually like to do. Some are more feature rich than others permitting really creative experimentation in the endless search for alpha, others provide the bare essentials inspiring a more narrower but also deeper focus on the fundamental things they do offer.
MT4 and MT5 are both popular and powerful. Perhaps more importantly - flexible and customisable. There are hedge funds entrusted with double digit millions taking on positions using Metatrader with no adverse impact (possible key distinction however being the counter-party their desktop terminals or metatrader server instances actually send orders out to). There are many competitive and successful traders from all walks using Metatrader exclusively, for short term, long term, manual, automated, price-based, technical, exotic EA, the whole nine.
As it stands no platform will ever tick all of the boxes but then again boxes are subjective and aligned to individual need - "complete" for you will never be "complete" for someone else. For example, I abandoned MT4 due to its programming model - I needed the support of the Java langauge, its 3rd party libraries and an intuitive way to do threading (executing multiple streams of computer logic in parallel across multiple CPU cores). I had no major issues with MT4 at the time beyond this one specific need.
Here's the bottom line however - if proof was ever needed that hardware and software platforms matter far less than what is going on in a trader's head - my last 85k of manual profits were achieved exclusively on an iPhone 6S. I also know of two academic types using Excel and VBA to issue trades based on statistical analysis of the incoming quote stream via a hand rolled solution. Some guys still make actual phone calls to acquire and jettison stock so it really is a case of each to his or her own and what works well for them.
We remain spoilt for choice - the tools we have access to these days are far more advanced than what some of the best legends (connected to huge banks even) had (and have).
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I have Simple strategy of RSI with few settings, nothing else is complicated with my logic of trading. All is about controlling emotions during trades.What strategy do you use? I see you are talking a lot about strategies could you please share one if you have