PrivilegeToExist

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Cashback

Joined May 09, 2018

Posts 13

Connections 0

Experience 1-3 years

Location Germany

Bio

Low interest in 2017 lead me to stock trading instead of letting my cash rot. Wish it hadn't. This lead me to CFD/forex trading. Wish it hadn't. Well, I increasingly love it, but it cost me dearly.

The elephant in the porcelain store is dead now, though. Slow and steady. Manifest probability instead of gambling.

I'm still a beginner, but I feel some momentum. I know that good fortune will eventually come to me - on all fronts. Forex trading is one of the best metering devices, for my level of good fortune and for my diminishing delusions regarding reality.

Trading style

Scalping, swing trading, and probably soon others. 99% technical. Until I get around to deciphering the damn COT report and understand economic events better.

Motto

Priority 1 in your life should be to find out what priority 2 is.

Chart

Systems by PrivilegeToExist

Name	Gain	Drawdown	Pips	Trading	Leverage	Type
my tiny FXTM ECN live account	-15.40%	33.34%	-432.7	Manual	1:30	Real
my tiny FXTM cent live account	-14.40%	1.10%	-3572.0	Manual	1:30	Real
my tiny FXTM standard live account	18.69%	0.23%	505.8	Manual	1:30	Real

Recent Posts

Broker choice

You may be right. Anyway, my experiences so far:I've made many deposits and withdrawals (even complete withdrawal (except Cent) by now, need more experience) with FXTM, no problems. (There were no profit-withdrawals.)I frequently talk to live-support of "all" "my" brokers and...

6563

May 30, 2018 at 09:53

Broker choice

What does "russian broker" mean? Do you mean the origin of the company? What about being regulated (like FXTM is)?

6563

May 29, 2018 at 11:10

Broker choice

I write of them from experience, not as advertisement. The only others I have personal experience with are Trading212 and IG. Of these, FXTM is the best from a trading perspective, though IG is a close second, mostly because of their remarkable web platform.

6563

May 28, 2018 at 12:21

Broker choice

ForexTime allows scalping, hedging, has optionally swap-free accounts (for everybody), true negative balance protection (at least in Germany, check if your country too), and relatively low spreads (e.g. EUR/USD often 0.3 pips) for their "ECN" accounts, which in turn come with $4 commission...

6563

May 28, 2018 at 12:21

Broker choice

Just make sure that *if* you read a broker recommendation, and it's not a very custom comment like you find e.g. on Reddit but could instead be generic, Google it. You'll be surprised how often you find the same text for a different broker. Which, in turn, needn't mean that those brokers...

6563

May 21, 2018 at 12:13

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HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment. Do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions. Any data and information is provided 'as is' solely for informational purposes, and is not intended for trading purposes or advice. Past performance is not indicative of future results.

EURUSD	1.04157	GBPUSD	1.2513	AUDUSD	0.65017
USDJPY	154.363	USDCAD	1.39967	USDCHF	0.88904