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39 Trader

About ScratchySlap

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  1. Hello, I'm also using supply and demand methodology and am curious about the integration with volume and Wyckoff theories. Thanks
  2. I've only been trading with FP Markets for about two months now. The only way they could improve is to add more local funding options; I had to use a bank wire because my local credit card was not accepted for some reason. Is there any way to find out if FP Markets adds UK clients to their ASIC license or if we should just go with their Cysec Entity? I'd prefer to work under their ASIC license because I'd like a little more leverage. Despite the fact that I am based in Austria, I was able to select their ASIC entity without any leverage restrictions. When you register, you have the option of registering with CYSEC or ASIC.
  3. Adjusting(lowering) position size can allow you to dramatically increase your SL size, reducing the susceptibility to noise from churning, s/r testing, etc.. before a big move. Minimizing your leverage as others pointed out has a similar effect to lowering position size. Both will reduce chances of getting stopped out or exceeding your risk profile. It seems to me that people hate the idea of smaller positions as they fear a loss of profit that they could have earned when their trades DO win. This is greed...dont get caught up in that game or at least slowly anti-martingale until a loss. Know your system and its expectancies. Small positive expectancy will still get you rich.... just slower.
  4. That makes me very sad to hear. Never be fooled by such communications. In the currency market, such signals are very prevalent. I hope you are able to recover at least some of your funds.
  5. Look for trader testimonials on forums and on rating websites. However, you should not depend completely on this information because it can occasionally be manipulated, causing you to make an unintentional error. Perform your own due research, compare different brokers and draw your own judgments about their differences and similarities, and look for some less evident aspects of the business and services. The most important information is always kept hidden from the general audience.
  6. It is quite low, but it frequently comes with a catch. If your broker can't make enough money through spread markup and commissions, he'll start looking for other methods to profit from you, which might be dangerous.


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