Anthony Wins (By AnthonyWins)
The user has deleted this system.
Anthony Wins Discussion
Dec 12, 2020 at 09:48
Mathias88 posted:Yes, you can trust the UK (FCA), EU (ESMA, FINMA), Australia (ASIC) and USA (CFTC, NFA) those are proper regulators, that you can trust. All the rest are not properly monitored and therefore the broker under such 'regulators' are just on paper, no audit, no visits nothing to protect traders in such jurisdictions.oportunis posted:
So why would you go to a broker that has no insurance, no regulator, and worse trading conditions?
We are talking about a strategy that has 40+ pips average TP so it's not broker sensitive and even if it would be there are better brokers that have 0 spread on major pairs, therefore he could trade on bigger and safer brokers.
you are right at first sentence i mentioned. so why investors would go to there? why they go there and then complain?
vfsc is 'no regulator' you think? let's discuss which regulator is good for you and why? because i think they are all the same, one country or another, what's the difference? its just our personal feeling who do we trust and that's all
if brokers have 0 spread, how they earn? how they can be possibly honest giving 0 spread? paying money for mql license (as you mentioned earlier), paying for everything just to give a platform, website, etc and how this a-book brokers earn?
How does a broker earn if they offer 0 spread? Easily they charge commissions... You can also reduce the cost of commission if you use rebate programs. But just to know brokers pay about 5$ per 1 million and they charge us 5-7$ per 100k, so here is how they get paid... On standard account, the spread is 0.5-2 pips and there is again how they get paid. Brokers always get paid, the difference is if they overcharge and widen the spread in their favor and cheat against you. Hard to prove, but if you trade for a long time you can and you can complain only to proper regulators, they will at least investigate.
Dec 14, 2020 at 08:26
MP_89 posted:
everyone has theirown concept of normality dear. if this method of market analysis doesnt suit you it doent mean this method won't suit another trader.
i have question for you. since you said market can change direction in a second after you just have to move away from pc. ok. its really possible. but will market behave differently if you trade manually?? won't it change the direction in a second???
think dear. think well before you answer me.
Oh oh yes, there are different concepts of normality, we see it here now...
We talked about 'learning how to trade by monitoring the ea', is it possible? So, if I have been on the airplane many times, then I am a pilot. Well, welcome aboard, dear friend 😎
Of course, I'm not arguing with the fact that the market can be dangerous even if you follow it all the day and night. After all, even planes sometimes crash and human factors are very important, but they sometimes allow you to make nonstandard decisions that will save the situation. The ea can do that?
Dec 14, 2020 at 13:00
Samuelkoi posted:MP_89 posted:
everyone has theirown concept of normality dear. if this method of market analysis doesnt suit you it doent mean this method won't suit another trader.
i have question for you. since you said market can change direction in a second after you just have to move away from pc. ok. its really possible. but will market behave differently if you trade manually?? won't it change the direction in a second???
think dear. think well before you answer me.
Oh oh yes, there are different concepts of normality, we see it here now...
We talked about 'learning how to trade by monitoring the ea', is it possible? So, if I have been on the airplane many times, then I am a pilot. Well, welcome aboard, dear friend 😎
Of course, I'm not arguing with the fact that the market can be dangerous even if you follow it all the day and night. After all, even planes sometimes crash and human factors are very important, but they sometimes allow you to make nonstandard decisions that will save the situation. The ea can do that?
yes dear a properly configured advisor can prevent some actions, although in a different situation the human factor could have triggered and made a mistake. you don't know how you'll behave in a situation if the market goes against you sharply. maybe you close order right there, or maybe you panic and faint.
ea cannot panic, but ea can close order. 😉
so advantages are obvious as for me.
p.s. funny joke about pilot, i appreciate it, dear 😂😉😉
Dec 18, 2020 at 11:53
MP_89 posted:
yes dear a properly configured advisor can prevent some actions, although in a different situation the human factor could have triggered and made a mistake. you don't know how you'll behave in a situation if the market goes against you sharply. maybe you close order right there, or maybe you panic and faint.
ea cannot panic, but ea can close order. 😉
so advantages are obvious as for me.
p.s. funny joke about pilot, i appreciate it, dear 😂😉😉
I agree with you that in a critical situation humans can make mistakes. But actually we said that the EA would be good for beginners, which is absolutely unacceptable.
Moreover, the transition to the ea trading will not allow the trader to develop and even an experienced trader will lose trading skills after some time of using. Also, we said about with the increase in the number of eas, the percentage of losses for traders has not changed, that is, almost all eas are currently unprofitable.
forex_trader_1641092
Member Since Jun 17, 2020
17 posts
Jan 21, 2021 at 13:03
This is a sad story of what happens when brokers become greedy or want a nice bonus.
I hope everyone finds someone they can trust and recovers.
I hope everyone finds someone they can trust and recovers.
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