Firstly my dear readers, I apologise for keeping quiet during this down period.To tell you the truth, once I saw the DD getting bigger I decided besides looking at my end of week email I will not be checking my account and let it play alone. When I saw last week the email with 710 pips down I didnt even know if the position had been closed. Was that suicide?
On Thursday I checked the account for the first time and saw that the position opend on 26.01.09 had been closed on 05.02.09 with 1195 pips in minus, that is a loss of $1'334.18. Since then FxMarkets has been at work and has returned 376 pips worht $414.09, which still leaves me with only $579.17 in equity.
With two weeks left of Febuary, I could break even by the end of the month...
Did FxMarkets learn from his mistake and is trying to remake his wealth? Should I trust him again, or find another provider. The truth is, I am extremely busy this week so I dont have now the time or mind to look for some one.
Your comments are welcome, thank you Jorge, Scott and Take for commenting during my "absence". Yes, I did fall prey to FxMarkets roller coaster. Jorge, I will look at your formulas when I have a claerer mind. Looks promising. Thank you.
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ReplyDeleteChat InformationYou are now chatting with 'yong'
yong: hello
你: hi i got a question
yong: how may I help you?
yong: yes tell me please
你: how is it that your brokers work with you knowing that you are getting top traders to trader against them?
你: *trade against
yong: sorry, sir. I don't understand your question very well. Do you mean that how do we select the providers to trade for our users?
yong: I mean our signal providers
你: from business logic, how is it making sense that your brokers give you rebates for your top signal providers to trade against brokers?
yong: we share the spreads with our brokers,and the signal providers get their brokerage from us, not from the brokers
你: suppose your signal all works, doesn't that make the brokers loses money?
yong: we offer this revolutionary service for the forex trades who don't have enough time to trade and want to make profit easily
你: suppose your signal all works, doesn't that make the brokers loses money?
yong: you can check the effectiveness of our signal providers in the performance page, also we list the best and worst signal provider's performance in our homepage. The signal provider's performance never influence our brokers profit
你: The signal provider's performance never influence our brokers profit? explain please?
yong: when you start to use our service, you can see the disclaimer
你: i dont want to see disclaimer, i want to know what do u mean by The signal provider's performance never influence our brokers profit? explain please?
yong: https://www.zulutrade.com/SignUp_SignalProvider.aspx
yong: here you can register as a signal provider
你: u have cleverly avoid the crux of the matter
yong: all the providers are registered under our web site, not with brokers
你: your signal provider wins is your brokers' lost, agree?
yong: this is our service that you can choose the providers who you think is suitable for you to trade for you
yong: no, it is nothing with our brokers
你: who where does the winning comes from if not from the broker since all of them are MM
你: So where does the winning comes from if not from the broker since all of them are MM
yong: for each your trades to be done, you have to give brokerage according to the contract you have signed, right?
yong: and we share the spreads with our brokers
yong: we offer this service, and it is totally free
你: do u agree if all zulutrader win money, the brokers loses money? yes/no?
yong: if the broker loose, we loose; if they make profit, we will share from them as an IB
你: hahaha u avoid answering a simple question again
你: defination of winning comes from spread and capital winning
yong: and the brokers will not loose money from a negative trade
你: i refer to capital winning, not spread
你: how can they share spread with you if you help traders trade against them???
yong: the broker is winning from spread, not from capital
你: dont bluff me, everyone knows FXCM, FXDD, etc are MM and not ECN
你: experience traders know if u trade with MM, you trade against them, need me to say more?
yong: what is the meaning of MM and ECN?
你: MM is market maker, ECN is true broker
yong: sir, I am not a trader, I am just a support agency
yong: hope you can understand my situation
你: i know u are doing your job, but i suspect this is a misrepresentation and conflict of interest
opend if you consider yourself a trader, at it looks like you do, you should first learn how MM brokers make they money, and not even then would be justified to talk to a customer service with such an arrogant attitude.
ReplyDeleteAs an introduction, I will tell you that even if 100% of your trades are winners, the broker also makes money (unless you are scalping).
I was using Zulutrade service live with AVAFX account. I was using mini account, and at first I got very good results but I failed because I was using to high risk - I have traded using 2 signal providers allowing them to open 10 positions per signal provider..
ReplyDeleteI had slipped with one of the providers which lost about 55% of initial deposit, then I lowered my risk and gained back 30% and decided to move to FXCM micro account, because FXCM had better and faster execution.
But I had never funded FXCM account, really don't know why now..
Maybe it seemed a bit too high risk to underly to unknown trader, who has 3 months or less past performance.
Also, I noticed that the best results with low risk reward ratio has the new traders - they start with little initial amount of money and carefully trades to get better past performance. And with every trade they become more and more gready - they open the same position 3 or 4 times in a half of minute. So you must be ready to check the provider how much trades he generates within one little period. As my selected provider was opening 2 or 3 trades and later on he moved to open 4 to 5 positions and if they goes wrong - 3 or 4 more. If user does not limits the opened positions, he soon can come lost..
The best way to use this service - open micro account, select few providers who has even graph of pips, not sudden spikes, analyze how many trades they open within the same minute and limit opened positions to max 5 per provider. With such settings you may enjoy steady slow growth, otherwise you will repeat my fate (oh I wish I had read such info before I had traded).
Besides, when I was trading I was looking for a rebate service for Zulutrade, and there were no at that time.. Now you can get rebates from me, just register at my site at ForexTradinChoice.com. As I was calculating, with $5000 account I should have got a rebate of $300-$400 hundreds, so it's to everyone's choice, to use or not to use Forex rebate service.
私はzulutradeに６ヶ月ライブ口座を開設して持っています、私の投資資金は６ヶ月の間で５０％以上増えました、資金の勝つ秘密はプロバーダーの選択に時間をかけてプロバイダーページを見ることです、zulutradeのランキングはあんまりよく有りません、改善が必要だと思います、top5のプロバイーダーを選んでももし損失が出ましたら彼らはオープンにしてこのポジッオンをほったらかしにします。最初にはdemo口座をいくらか開設いたしましてテストしてみてくださいそれからライブ口座開設お勧めいたします。
ReplyDeleteNice blog. Découvrez le meilleur site francophone consacré à ZuluTrade : http://www.zulublog.com
ReplyDelete