I think the best option for the American traders here - including myself - is to look for a broker overseas ... outside the United States. Many brokers outside the U.S. have 200:1, 400:1, and even 500:1 leverage. However, from what I understand, not ...

Is it impossible for American traders to get rich in forex?

Yes, that is a good idea. However, when it comes right down to it, I'd rather not depend on others and instead only depend on myself - and that includes funding my own account. But, if I can't fund it for whatever reason, then of course your idea is ...

Is it impossible for American traders to get rich in forex?

Now that we all know the facts, isn't it now clear it is a waste of time for us American retail traders to trade with a U.S. based account of 50:1 leverage? If you want to make small potatoes, then I guess 50:1 is okay. BUT, if you would like the ...

Is it impossible for American traders to get rich in forex?

Rtm, thank you very much for your comment and providing a dose of reality for others here. I was beginning to think I was the only one here at FF that understood the uselessness of 50:1 leverage for the retail trader. Yes, 50:1 leverage is good for ...

Is it impossible for American traders to get rich in forex?

Abcxyz77, I guess you totally avoided reading my posts. I already explained in post #10 of this thread that the big guys are able to use lower leverage due to the fact that they have a lot of money (hence, that is the reason they are the "big ...

Is it impossible for American traders to get rich in forex?

Just to let everyone know about where I currently stand: My system - an EA - has been averaging 114 pips per week for the past 5 months. I haven't had more than one losing week in a row during the entire 5 months. My stop loss has never been larger ...

Is it impossible for American traders to get rich in forex?

Pooks, I think you misunderstood my original post of this thread. I never said forex brokers have a $25,000 margin requirement.

Is it impossible for American traders to get rich in forex?

Today I found another thread here at Forex Factory that had to do with the 50:1 leverage limits for U.S. traders. A member named "Pip Seeker" had this to say: "The bottom line is the less leverage you have the MORE money you need to avoid a margin ...

Is it impossible for American traders to get rich in forex?

I've been lately thinking about this whole "margin requirement" mess. So let me get this straight: If I compounded my profits to, say, about $25,000.... wouldn't the margin requirement be SO huge that it would be very difficult for most people - ...

Margin requirement questions of a veteran "rookie"

RedLineFred, thank you for the reply. My next question to you or anyone else here: Is it possible to buy 1.6 lots ... 1.7 lots ... 1.8 lots? In other words, is it possible to buy a lot that isn't a whole number? Or does the forex industry only allow ...

Can an EA automatically enter your risk per trade?

Okay, I now have the mq4 file. I emailed the guy and asked specifically if he had the mq4 source file. He said he did and he sent it to me. If anyone can fix the bug in it, I would be very grateful. This is something I've been wanting to get fixed ...

To all coders here: can anyone tell me what this indicator is?

The new MT4 Build 711 has added a feature in the terminal called "Exposure". Can someone tell me what it is and how it works?

OANDA Discussion

Yes, I am talking about the MT4 platform and yes it's an ex4 file. I admit I know absolutely nothing about coding or programming, but is there some specific reason why it can be done with a mq4 file but not an ex4 file? Does a ex4 file have a secret ...

To all coders here: can anyone tell me what this indicator is?

Hi FerruFx. Thank you for your response. I have sent an email to Oanda about my situation with multiple trades. I suspect it might be due to the connectivity of the platform. Sometimes it disconnects and reconnects. I think this might be causing the ...

Anyone else have issues with your EA opening multiple trades?

Okay, why don't you tell me how someone "can find out the truth" of whether or not a broker trades against its clients? And please don't tell me you will know just by opening an account with the broker and making trades. We all know about people of ...

OANDA Discussion

I have seen here on Forex Factory of people saying Oanda trades against its clients. However, that is apparently not true. I went to the Oanda website and I found out that they do not trade against their clients. I will copy and paste below an ...

OANDA Discussion