michal.kreslik wrote:once you make a million dollars by trading forex, you'll face a totally different set of problems.
yes like wich car you will take tonight to go to montecarlo's casino
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leonyde wrote:adaseb wrote:However to you and me this should make no difference (unless your a crazy scalper) because do you really care if the broker takes your money or the market? Either way its out of your pocket.
If you worry about this there are many ECN brokers out there. However worry about this later. Right now try to get your account up to $20K from $10K in a year.
That wasn't exactly my question. I specifically don't worry about THAT part.
Let me formulate again in some other terms:
- You are trading with a good ECN broker
- Your account size is between 100 to 500k
- You are regularly "winning" => 100% a year
Will your broker let you win and win forever?
That's a simple question... and an interesting one. People do talk a lot, but as you know 95% of them fail. But what about those who "succeed", are they going to face some new issues as their account is growing exponentially?
With 1 million in cash you can participate directly in the interbank market, but there is a long road before that - that's the object of my question.
dragon33 wrote:leonyde wrote:adaseb wrote:However to you and me this should make no difference (unless your a crazy scalper) because do you really care if the broker takes your money or the market? Either way its out of your pocket.
If you worry about this there are many ECN brokers out there. However worry about this later. Right now try to get your account up to $20K from $10K in a year.
That wasn't exactly my question. I specifically don't worry about THAT part.
Let me formulate again in some other terms:
- You are trading with a good ECN broker
- Your account size is between 100 to 500k
- You are regularly "winning" => 100% a year
Will your broker let you win and win forever?
That's a simple question... and an interesting one. People do talk a lot, but as you know 95% of them fail. But what about those who "succeed", are they going to face some new issues as their account is growing exponentially?
With 1 million in cash you can participate directly in the interbank market, but there is a long road before that - that's the object of my question.
I started small a few years back with my private trade with a spread of five. In the beginning i had to learn how the forex worked. Since i met TRO i started to see how i could make money.
I switched to Alpari UK for a better spread and i was making money fast.
Once your account start to grow fast you've been spot by them and they do everything to harm you. I have faced "not able to close my trades, not able to open a winning trade, trades opened by themself etc" and lots of other stuff.
This was happening to me as soon as i was above the 50K. To go around this problem i was trading several accounts with several brokers and that did it a long time.
Now i am trading with dukascopy a big account 250K and the only thing what happened so far is that i'm not filled when the market is going fast. This doesn't happen very often. So all i can say from my own experience yes you will face strange things to screw your mind when you are able to make money.
dragon33 wrote:leonyde wrote:adaseb wrote:However to you and me this should make no difference (unless your a crazy scalper) because do you really care if the broker takes your money or the market? Either way its out of your pocket.
If you worry about this there are many ECN brokers out there. However worry about this later. Right now try to get your account up to $20K from $10K in a year.
That wasn't exactly my question. I specifically don't worry about THAT part.
Let me formulate again in some other terms:
- You are trading with a good ECN broker
- Your account size is between 100 to 500k
- You are regularly "winning" => 100% a year
Will your broker let you win and win forever?
That's a simple question... and an interesting one. People do talk a lot, but as you know 95% of them fail. But what about those who "succeed", are they going to face some new issues as their account is growing exponentially?
With 1 million in cash you can participate directly in the interbank market, but there is a long road before that - that's the object of my question.
I started small a few years back with my private trade with a spread of five. In the beginning i had to learn how the forex worked. Since i met TRO i started to see how i could make money.
I switched to Alpari UK for a better spread and i was making money fast.
Once your account start to grow fast you've been spot by them and they do everything to harm you. I have faced "not able to close my trades, not able to open a winning trade, trades opened by themself etc" and lots of other stuff.
This was happening to me as soon as i was above the 50K. To go around this problem i was trading several accounts with several brokers and that did it a long time.
Now i am trading with dukascopy a big account 250K and the only thing what happened so far is that i'm not filled when the market is going fast. This doesn't happen very often. So all i can say from my own experience yes you will face strange things to screw your mind when you are able to make money.
michal.kreslik wrote:one unnamed retail broker once made me wait for 5 minutes before I got a MARKET fill.. these things are hard to believe.