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Everything posted by Sininfinity
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Best Partnership Program in the Industry FXOptimax partnership gives the most competitive rebates in the industry, let alone we are a STP broker which is completely different to Market Maker/Dealing Desk brokers. FXOptimax advantages highlight: Low $10 minimum deposit High leverage, up to 1:1000 Very fast and no requotes STP execution MetaTrader4 for Desktop, Android and iOS Trading Platform Multiple account types to fit all trading strategies 46 popular forex pairs, gold and silver are available to trade eCurrency & credit card deposits are supported Responsive & professional support Hedging & scalping is allowed without any restriction FREE Welcome Bonus and Deposit Bonuses for clients 5 minutes to open account and start trading Our trading environment is absolutely benefitting your client’s trading business, making it easier for every partner to introduce FXOptimax to any potential client. For details please click here.
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Leverage at FXOptimax Over-the-weekend leverage To prevent negative equity on high risk accounts due to the potential gap at the market opening after weekend and holidays, the maximum leverage may be temporarily reduced to 1:100 on Friday or the last day before holiday, 5 hours before the market closure. Leverage will be reverted back to your leverage choice automatically 2 hours after the market reopens. Prior notification will be emailed before we reduce the leverage. For more information please click here.
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To some, it is not necessary to use take profit but the worth of take is very important. It is an effective tool for those who use it and also at those times when market makes rapid movement. People can't always stay in front of their chart screen, but they can setup a target and can leave the chart to take some time off.
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Mistakes that Forex traders are likely to make.
Sininfinity replied to mody.saied's topic in Forex General Discussion
If one can get rid of his pride then many emotional problems can be solved. Overestimating our own skills had in me, and may still exist but I won't be aware of it unless it's already late or someone points that out. -
Virtual Trading and the Global Economy
Sininfinity replied to Nadilapars's topic in Forex General Discussion
Leveraged products are subject to market risk. But also other investment activities which does not use leverage also has it's own risk. The thing is without leverage we can not trade in the market and make a decent profit. In past there were no leverage and only wealthy individuals and large banks could trade forex. -
You are right. No one starts with something as an expert. Everyone has to go through the learning phase and understand how things work. After that devise a method with which one can bring positive pips with his trading. It is indeed a difficult process but worth it if one gets successful.
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Us retails traders (whether small or large) make up of the largest portion of the trading activities. lol And we have less advantage than big boys in the market but that does not posses a problem because among all these, we have opportunity to make profit. But it totally depends on us.
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Honestly I am also looking for an answer to that question. Everything against bitcoin backfires. Few days ago CME group badmouthed bitcoin and also China did impose some kind of ban on bitcoin trading. And after few days CME group said they are going to offer bitcoin for trading. After that price rose to $8,000. There is no name of price fall and buying bitcoin at this rate is expensive in my opinion. On the other hand it may be cheap just in case price goes up more next year. I am looking for a downtrend on bitcoin.
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What makes one trader better than the other one
Sininfinity replied to euro's topic in Forex General Discussion
Well becoming better than another trader has nothing to do with profit. In trading competitions, it means something but if you are trading with your own money, then you are better than any trader. A trader should not try to become a better than his fellow trader. Rather he should focus on gaining positive pips which is he needs. -
I am not denying it does not happen. I said it didn't happen to me on my trades. I have seen numerous examples about false spike to hit stop loss and then showed on other platforms that the price did not actually move that way and did stop hunting. Big boys do many things to stay on the profitable side, all blames should not go to brokers. In case of dealing desks I can say it's their fault.
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Use “USD50DP” promo code to get $50 bonus right now. Bonus terms and conditions can be found here http://www.fxoptimax.com/promotion
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FXOptimax has it’s own knowledge base. Lots of helpful articles can be found for your convenience. To check on FXOptimax knowledge base, please click here.
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About FXOptimax Feeling Safe Leads to Comfortable Trade We always prioritize the safety of your forex investments. For this reason, FXOptimax has taken some measurements to ensure a high level protection. 1. STP Business Model In STP model, we are not trading against our customers and we certainly do not have conflict of interest at all. We do not limit any profit nor trading style, so there is no “losing risk” for us; and this kind environment leads you towards a true forex trading experience. 2. Segregation Your fund are fully segregated into a special bank account, separated from the company operational fund. We have deals with leading banks in GCC and Africa. 3. Regulated Liquidity Provider FXOptimax deals with FSA-regulated financial institutions to execute all trades. As of the counter-parties, FXOptimax cooperates with world renowned major FX banks such as DB, Citi, Nomura, and some others. 4. License FXOptimax is a Saint Vincent and the Grenadines company with license number 21417 IBC 2013. Any activity by FXOptimax Ltd is supervised and regulated by the authorities of Saint Vincent and the Grenadines under the International Business Companies (Amendment and Consolidation) Act, chapter 149 of the revised laws of Saint Vincent and the Grenadines, 2009, section 5(1) Visit www.fxoptimax.com
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Survival is the main thing in forex. As long as you can survive, you can have another opportunity. But if you lose all your capital then there is nothing you can do in the market. So maintain your risks always.
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Agree with you. The forex market is one of the most complex markets in the world. And one can not expect to take profit out of it in an easy way. A trader has to work hard to develop his trading skill and after that approach the market in a way so a trader can take profit out of his trades.
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This is actually a fact. In my early days I thought like this. Price goes up and comes down and vice versa. But when you are in a trade, there is it will happen. You can only hope if you haven't placed stop loss. Once or twice it may prove profitable but it can prove costly if you keep doing this again and again.
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Never take your retaliation on Forex
Sininfinity replied to Alexe's topic in Forex General Discussion
Well said OP. Many things come in to play when trading forex and they are totally worthless emotions. People sometimes tend to set wrong aims for trading. And also there is no pride in showing off. We are in this market for trading and if we can do that, then we are better off. -
Scalping is good for newbies?
Sininfinity replied to Anne Morris's topic in Forex General Discussion
Anything that can teach a newbie trader something is good. A new trader has lots to experience which can not be learned by reading or getting someone else's experience. So even if it is not good for them, they should try it out on a demo account. -
You are right. No school or mentor can teach you how to control your greed. They can give suggestions and discipline reduces it somewhat. But if you want to keep greed out of your way then you must strictly follow your trading rules. And over time it will be tamed.
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Well as you mentioned this happens on dealing desk brokers. Also faced such kind of situation where price hit my stop loss and came back. When I knew about stop hunting, then I checked whether I was a victim of it or not. But fortunately I was not a victim of it.
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Regulation, Do this really important for broker?
Sininfinity replied to myregister's topic in Forex Newbies
In that sense I agree with you. I didn't think of it the way you described. lol Yeah if people do research on regulation do some case study then they can turn that information in to a good indicator for choosing a broker. -
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Choosing The Right Broker to Start Choosing a broker is considered an important step in achieving your trading goals. Deciding which broker you can trust is not an easy task. FXOptimax offers all you need, everything to support your trades. - Trades on 46 popular forex pairs (including exotics), gold and silver - Best execution, real fast order processing time - Full STP execution, NO requotes - USD 10 minimum deposit - Up to 1:1000 leverage - Ultra-tight spreads, starting from 0 pips! - Multiple account choices to meet your trading needs - And much more! Visit www.fxoptimax.com
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Sub IB Reward at FXOptimax FXOptimax partners does not only earn from their referred clients, but also from referred IBs as well. If your client refers other people then you will get 10% rebate earned by your client. For example, if you have MR. A as your client and he refers Mr. B as his client, you will earn 10% of the rebate earned by Mr. A from Mr. B trades. For more information, please click here.
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Rebates for Partners FXOptimax provides up to $15/lot rebate for 4-Digits Account and 5-Digits Precision Pricing Account, depends on your partnership level. Partners will earn daily rebate for each order closed above 2 pips, along with complete daily report of your clients’ trades. For more information, please click here.