Welcome to /ForexIndicator! This subreddit was created for Forex traders who are interested in Forex Indicators! Feel free to discuss but please do not use this subreddit as a place to advertise your business. Thank you!
I have practiced trading USD/MXN pair,using a virtual account,for over a year.My profit,using only $1000 to trade is $1200 after a year. Should I start trading with real money? I was thinking about starting with $1000. Thank you for your time.
To the noobs - I'm a seasoned Forex trader. Today I didn't follow my strategy, and got my teeth kicked in for it. Follow your strategy.
Title pretty much explains it. You have to have discipline. Follow your strategy to a t. Cross that t and dot those i's, too. The "setup" I was looking at looked great, but it's one I never trade; a breakout and retest. "This is a perfect setup - the yadda broke the yadda resistance, and the weekly highs yadda!" I thought to myself. You know the drill. Sure I don't trade that way, but a lot of successful people do! I totally won't get bootyraped on this trade! Well, I might as well have flushed money down the toilet the second I hit the buy button. It's something I haven't done in years, and feel like a moron for it. So this is me venting, but also some advice - if you don't have discipline, you won't make it in this game. Discipline, discipline, discipline.
For Canadian Clients of VantageFX (or Canadian Forex Traders in General)
As you likely already know, VantageFX will no longer service Canadians residents as of Nov 30th. This is unfortunate, since VantageFX has done an excellent job serving Canadian clients with higher leverage account options from a well regulated and trusted broker. Through contacts in the industry, we've been made aware of a new retail account offering at Pacific Union. Pacific Union has a good history of servicing institutional accounts and has only just started taking on retail clients, but they are positioned to service the Canadian clients in the space that VantageFX has left behind. Further, we were made aware of Pacific Union first by contacts at VantageFX, and then this recommendation was backed up by a trusted source who works closely with both companies. Again, to be very clear, this post isn't to give undue attention to some random broker.. we are providing this info because Pacific Union is a proper alternative for Canadian based traders that will no longer be serviced by VantageFX. On that note, I've updated the wiki to include Pacific Union Prime - https://puprime.com: Subreddit's Canadian Brokers Wiki Page The only major difference I have noticed so far is lacking MT5, but the word is that Pacific Union will be reviewing MT5 and other enhancements to their offing next quarter after they get past the launch of their retail offering. Key highlights from my perspective:
Up to 500:1 leverage available for Canadians, and while that much leverage may not be needed, even just 100:1 is decent compared to ~33:1 leverage set by IIROC with onshore brokers.
Client funds are segregated at an Australian bank, so you're getting some overlap of Aussie banking / regulatory rules and that's a huge plus when it comes to safety of funds and the finance side of things
No fee on credit card deposits / withdrawals, and no fee on Visa Debit and MasterCard Debit deposit / withdrawals. Transactions are completed within 30 minutes.
No fee on Interac e-Transfer deposits.
Remember, going offshore means you lose CIPF protection on funds, so a well vetted and properly regulated broker is a must! UPDATE #1: Oct 6th: Took this post off sticky and redacted some info as the connection between VantageFX and Pacific Union Prime was not "official". Pacific Union is still a great alternative / replacement for Canadian clients seeing higher leverage accounts and who are no longer serviced after VantageFX left Canada. UPDATE #2, Oct 8th: Adjusted this thread again to best reflect where Pacific Union Prime fits with VantageFX and former Canadian VantageFX cleints.
Forex Traders! They get so mad that you don’t join their “investment team”. The best are these “conventions” they pay out of pocket for pretending like they’re living like CEOs for a day. Show me a vacation you were able to fund, not the hotel the convention is being held at.
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