STINKForex Live (By DiggerOfTruth)
| Gain : | +26.51% |
| Drawdown | 56.56% |
| Pips: | -484.3 |
| Trades | 64 |
| Won: |
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| Lost: |
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| Type: | Real |
| Leverage: | 1:500 |
| Trading: | Manual |
STINKForex Live Discussion
Jan 28, 2013 at 10:02
830 Views
7 Replies
Jan 30, 2013 at 06:24
Hi,
I just read your complaint about Thinkforex and looked through your account. You opened positions that were way too large for your account to handle (> 10 Lots). Therefore your margin was exhausted and you couldn't open new positions. 2 trades then went against you and you got stopped out. The EURUSD still moved against you later on, so if your leverage changed to 1:100 it actually protected your money...
Forex brokers in my opinion are all criminals, but in this case blaming the broker seems unfair. You made a highly risky bet and lost, learn from it.
Please don't take this the wrong way...
I just read your complaint about Thinkforex and looked through your account. You opened positions that were way too large for your account to handle (> 10 Lots). Therefore your margin was exhausted and you couldn't open new positions. 2 trades then went against you and you got stopped out. The EURUSD still moved against you later on, so if your leverage changed to 1:100 it actually protected your money...
Forex brokers in my opinion are all criminals, but in this case blaming the broker seems unfair. You made a highly risky bet and lost, learn from it.
Please don't take this the wrong way...
Member Since Dec 29, 2012
46 posts
Jan 30, 2013 at 06:45
(edited Jan 30, 2013 at 06:47)
Speido posted:
Hi,
I just read your complaint about Thinkforex and looked through your account. You opened positions that were way too large for your account to handle (> 10 Lots). Therefore your margin was exhausted and you couldn't open new positions. 2 trades then went against you and you got stopped out. The EURUSD still moved against you later on, so if your leverage changed to 1:100 it actually protected your money...
Forex brokers in my opinion are all criminals, but in this case blaming the broker seems unfair. You made a highly risky bet and lost, learn from it.
Please don't take this the wrong way...
So you think. But the EURUSD has peaked and their sabotage cannot be called 'protection' no matter which way you look at it. They didn't do it to 'protect' anything. They did it to attack me as I was making profitable trades in short shrift.
If all brokers are crooks, then how does one trade Forex without them???
Truth lives a wretched life...but always survives a lie: Trust Christ Or Go To Hell!!
Jan 30, 2013 at 14:45
I don't know specific regulations of HotForex, but with most brokers maximum Leverage depends on the amount of capital. The lower the equity/balance the higher the leverage can be set. You won't find for example a broker that offers 1:1000 on a > 100000 € account. Your balance went up pretty quickly. Maybe that was the reason your leverage changed. I honestly don't think they intentionally sabotaged you.
In any case you seem to be new to forex. Most beginners make the mistake and overtrade. Your trading style can go well for a while, but eventually you will lose everything, it is only a matter of time. I highly recommend learning about money management. Think about this: if you risk e.g. 50% of your account on a trade and lose you have to double your account to make the money back. Most experienced traders will risk 0.5 - 3 % per trade so a loss (that is always part of the game) can be compensated quickly...
Most beginners learn this lesson by blowing the entire account. You got out with a profit, consider yourself lucky.
I saw you were using Forex Growth bot, this is a very profitable expert, but you have to be patient and use proper money management. If you risk too much it will leave you with nothing.
In any case you seem to be new to forex. Most beginners make the mistake and overtrade. Your trading style can go well for a while, but eventually you will lose everything, it is only a matter of time. I highly recommend learning about money management. Think about this: if you risk e.g. 50% of your account on a trade and lose you have to double your account to make the money back. Most experienced traders will risk 0.5 - 3 % per trade so a loss (that is always part of the game) can be compensated quickly...
Most beginners learn this lesson by blowing the entire account. You got out with a profit, consider yourself lucky.
I saw you were using Forex Growth bot, this is a very profitable expert, but you have to be patient and use proper money management. If you risk too much it will leave you with nothing.
Member Since Dec 29, 2012
46 posts
Jan 30, 2013 at 17:05
Check the reviews and comments on various sites about STINKForex: as soon as one makes a profit, they sabotage the account. This has happened to many over the years and they are only new as of 2010, so they have a bad track record and continue to as is evidence by what they did to me.
I was making a tidy profit scalping and they stepped and stopped me illegally. They broke the contract and still try to justify and hide their wicked deeds.
What you 'honestly believe' has no bearing on the history of this wicked bunch of criminals and cases like mine.
Do NOT judge matters on how you would handle things: judge righteous judgment! (Just because you might not sabotage people's accounts doesn't mean that filth like STINKForex do not. Catch a clue!!)
FGB lost me about 1200 GBP in short shrift, over night and then would make bad trades right after I closed them!! As if to taunt me. No good.
I would have a nice massive profit if not for the criminals at STINKForex.
Now: I will not entertain any further disparaging comments as to my character and speaking the truth. Repent and tell others to beware of, curse and boycott STINKForex.
I was making a tidy profit scalping and they stepped and stopped me illegally. They broke the contract and still try to justify and hide their wicked deeds.
What you 'honestly believe' has no bearing on the history of this wicked bunch of criminals and cases like mine.
Do NOT judge matters on how you would handle things: judge righteous judgment! (Just because you might not sabotage people's accounts doesn't mean that filth like STINKForex do not. Catch a clue!!)
FGB lost me about 1200 GBP in short shrift, over night and then would make bad trades right after I closed them!! As if to taunt me. No good.
I would have a nice massive profit if not for the criminals at STINKForex.
Now: I will not entertain any further disparaging comments as to my character and speaking the truth. Repent and tell others to beware of, curse and boycott STINKForex.
Truth lives a wretched life...but always survives a lie: Trust Christ Or Go To Hell!!
Jan 30, 2013 at 18:54
I have accounts with 14 different brokers and I know that there are better brokers than ThinkForex. Nevertheless, all of them have bad reviews and face similar accusations of fraud and conspiracy. With the information you presented and the statistics of your account I am fairly certain, that they acted well within their rights. I really don't want to piss on your parade, but it was your trading decision that led to your losses, be a man about it.
When you look into the source code of FGB you will notice that it can't handle manual intervention as it loses track of open trades and reopens or reverses the trade. It is also important not to restart Metatrader while there are still trades open. The strategy is sound so there is no need to interfere.
When you look into the source code of FGB you will notice that it can't handle manual intervention as it loses track of open trades and reopens or reverses the trade. It is also important not to restart Metatrader while there are still trades open. The strategy is sound so there is no need to interfere.
Member Since Dec 29, 2012
46 posts
Jan 30, 2013 at 19:36
Speido posted:
I have accounts with 14 different brokers and I know that there are better brokers than ThinkForex. Nevertheless, all of them have bad reviews and face similar accusations of fraud and conspiracy. With the information you presented and the statistics of your account I am fairly certain, that they acted well within their rights. I really don't want to piss on your parade, but it was your trading decision that led to your losses, be a man about it.
When you look into the source code of FGB you will notice that it can't handle manual intervention as it loses track of open trades and reopens or reverses the trade. It is also important not to restart Metatrader while there are still trades open. The strategy is sound so there is no need to interfere.
You don't listen very well Speido.
LISTEN AND LISTEN GOOD: In the MIDDLE OF TRADING & OPEN TRADES - WITHOUT WARNING/NOTICE - these devils (and they have a history of SABOTAGING their clients who make profit, as I was) stopped me trading amidst open trades, etc. by changing the leverage/margin. If you read my Public Complaint - properly - I had to go offline as I have dial up, phone their line in the middle of the night (my time) to ask what had happened!! Even after speaking to the Neha they kept the leverage the same which changed the margin and so on.
THEY are the criminals, not me. THEY traumatize, THEY sabotage, THEY lie, THEY steal, etc. and think they can get away with it.
Don't post here again.
As for FGB, losing 1200 GBP overnight - on my first usage of it on a Real/Live account - is not my idea of 'sound'. Neither is FGB's sickening promotion of STINKForex above all other brokers.
Truth lives a wretched life...but always survives a lie: Trust Christ Or Go To Hell!!
Feb 05, 2013 at 20:54
When you look at reviews then no brokers are good.. Every broker has bad reviews because only dissatisfied people will bother posting..
You are going off 1 night of FGB use and decided that it is not for you.. Fair enough.but there are no EAs that are 100% .. Or can really demonstrate profitability without sustained use for MONTHs .. Never just 1 night...
I've been following your story. But I have to agree with Speido on this..
You are going off 1 night of FGB use and decided that it is not for you.. Fair enough.but there are no EAs that are 100% .. Or can really demonstrate profitability without sustained use for MONTHs .. Never just 1 night...
I've been following your story. But I have to agree with Speido on this..
Dec 27, 2021 at 20:23
It is a shame that DiggerofTruth has to blame his losses because of his inexperience in trading (by over-leveraging his trades) on the same broker than I have a good relationship with for almost 10 years.
Integrity is the seed for achievement. It is the principle that never fails. - Earl Nightingale
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