Topic: Just an Opinion
I see every week that there is a certain beautiful naivety expressed in the forum.
I am not meaning to break any bubbles, I do want to bring thinking closer to reality.
Forex trading is a business. Forex brokers are in business to make money. Banks are in business to make money.
Retail traders such as you and I are the minnows in a sea full of sharks.
The New York State attorney is prosecuting several of the largest banks for manipulating Forex.
So when your lovely broker says they have sources like 35 big banks, it actually means they are playing with the major thieves.
The Metarader brokers that we all vouch for are businesses also, they have to make a living.
And as the courts in the US have proven, they are not above some serious screwing of the retail accounts.
Lack of testing and experience will be the thing that allows you to run 'Demo' accounts...... and one day you will realize that Demo accounts are what the broker uses to set you up in grand style so that he can steal your money when you switch to a real account.
Use a demo account all you want. one day the reality will appear.
Demo accounts get good fills, few requotes, little lag....... and no manipulation by the tricky broker software.
Our strategies look wonderful in a demo account....... Be aware, the real account can and will bring disaster on the day the broker needs your account balance.
Think on these things before you make decisions. It may save you your account balance.
Many brokers are not registered in jurisdictions where they can be sued...... interesting.... that means they can do whatever they want and you have no recourse.
Many brokers have lovely software to manipulate the order flow to their advantage. and I well know they deny it..... and I suggest that you expect that the broker is going to hit you with their software games if you want to stay alive in the Forex trading.
Not one of the Metatrader brokers is above cheating..... do not be fooled!
If you have any idea that you will get rich without knowing how to make money with manual trading, you are deluding yourself.
If you have the dream that you can depend on someone else to make money for you. you are one silly person!
Depending on software that automates your trading is a route to financial ruin. If you do not understand price action....... autotrading will not bail you out. You are on the path to being broke, maybe not this month or this year, one day reality will strike.
If you are unprepared to do the work to develop your own approaches........ you might as well make out a money order to your broker for your account balance................. or just give the money to a charity.
Popov has designed a software that will give some very accurate strategies....... he has also set up some very capable methods of testing the strategies..... A good idea is to learn how to use every tool in the toolchest and make sure that you know what you are doing before entering a trade.
If you are unwilling to rip apart your strategies carefully and examine them for weakness.... just send me your money so I can buy my girlfriend flowers.
There is no shortcuts....... we have to learn for ourselves....... unless you wish to take an easy route and set yourself up for failure.
I suggest thorough examination of every aspect of your trading plan and processes.... and skepticism be applied to all.
These are just my opinions, I hope no one is offended by them.........
And I hope I have jolted a few folks to reality so that they can have success as days pass.