quotCouplequot of Questions

thread: quotCouplequot of Questions

  1. #1
    Junior Member meymh's Avatar
    23

    quotCouplequot of Questions

    I Am Considering opening an account with IBFX or Alpari UK. By doing a little research around it appears that these may be the two best metatrader brokers. Correct me if I am mistaken.

    I have seen some members state they would only put as much cash into metatrader based brokers. I don't recall if they meant any sort of broker such as ECN's or not. My question here is what would be your cut off point for how much cash that you put into a metatrader broker or any 1 broker of any type?

    Also, if I recall correctly, I believe there are commissions we have to pay on every trade with the ECN brokers. Can anyone say how much those commissions are how exactly that works?

    Lastly, I have a problem that more so must do with my comfort or level of content with my trading. I have only demo traded far. Can you tell me approximately how long one can demo trade consistently making profits until you can safely state that you've obtained it ; where you can rest assured that your wins aren't a fluke? You've been trading and let us say you have a 70-80% gain ratio. You're consistently winning more trades than you are losing, your wins are big and your losses are modest and you've managed to keep this with varying market conditions. What is a fair amount of time to get consistently done in such a way as to have the ability to rule out sporadically components such as fortune or flukes?

    Thank you

  2. #2
    Member Rocky's Avatar
    83
    . What is a fair quantity of time to have consistently performed in such ways as to be able to rule out conclusively elements such as fortune or flukes?

    1 year

  3. #3
    I Am thinking about opening an account Using IBFX or Alpari UK. From doing a little investigation about it seems that these may be the two finest metatrader brokers. Correct me if I am wrong.
    IBFX open an hour later on Sunday and close an hour earlier on Friday and also their spreads aren't really aggressive. Alpari UK's prices freeze every now and then and I had connection issues across fundamantal data releases. None of that may affect you depending upon your own trading style. I've traded live accounts together and didn't see anything intentionally dishonest from either.


    I've seen some members state they'd only put so much money into metatrader based brokers. I do not recall if they meant any sort of broker including ECN's or not. My question here is what could be your cut off line for just how much money that you put into a metatrader broker or any 1 broker of any type?
    If your funds aren't protected then why have any more on deposit than margin requirements and potential drawdown, maintain the bulk of your unused trading funds someplace safe (if there's such a place today!) . Funding accounts is absolutely free and fast for a lot of MM's, personally I would not risk having on deposit any more than I absolutely needed to.


    Also, if I recall correctly, I presume you will find commissions we must cover each trade with the ECN brokers. Can anyone say just how much those commissions are the way that works?
    It varies by ECN to ECN and is determined by monthly volume but for instance http://www.interactivebrokers.com/en...xib_entity=llcminimal was $2.50 last time I looked.


    Finally, I have a problem that more so has to do with my relaxation or level of material along with my trading. I've only demo traded so far. Can you tell me about how long one can demo transaction consistently making profits before you can safely state that you've got it in which you may rest assured that your wins aren't a fluke? You've been trading and let's say you have a 70-80% gain ratio. You're consistently winning more transactions than you're losing, your wins are big and your losses are modest and you've managed to maintain this with varying market conditions. What's a fair quantity of time to have consistently performed in such ways as to have the ability to rule out conclusively elements such as fortune or flukes?
    That I think you'll know when you have it and feel comfortable with everything you are doing. I am not sure it's so much an issue of time as an issue of confidence on your egy and ability to execute your trading egy with discipline. If you've thoroughly tested everything in a variety of market conditions and are pleased with the results then there is nothing to stop you opening a tiny live account, you'll come across a big plogical difference having actual money at stake and it might take some getting used to. From that point slowly scale up until you reach your own comfort level for commerce size and risk. Should you come across any issues then you can always go back to demo if needs be, and by scaling up slowly you are raising risk as you gain more experience and confidence.

    Hope that helps, and decent luck!

  4. #4
    Personally, I dont like to keep then 30 percent of my trading funds at any 1 broker. I got screwed with the entire Refco bankruptcy and I vowed to never let that happen again, no matter how highly rated that a broker is.

    IBFX is my preferred MT4 broker but I only keep about 15% of my trading funds with them. The remainder I maintain with MB Trading and Oanda with a majority of it safely within my bank account prepared to be transferred to a given broker fast if desired.

    So far as making the change to reside trading, it does not matter how long you've been demo trading to get. The game varies completly once real cash is online. I propose going live as soon as possible with real money (only use miniature or micro lots) in order to have the feel of things. Trading demonion for much more is a waste of time in my humble view.

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