Testing Forex Guru Signal Chatrooms
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Are these forex signal chatrooms actually good or a scam?
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forex signals live buy/sell U.S. Government Required Disclaimer – Commodity Futures Trading Commission. Futures and options trading has large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the futures and options markets. Don’t trade with money you can’t afford to lose. This website is neither a solicitation nor an offer to Buy/Sell futures or options. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this website. The past performance of any trading system or methodology is not necessarily indicative of future results.
CFTC RULE 4.41 – HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY, SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.
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ive never heard of a 10000 lot size. I'm new to forex so I may not have learned that yet, but I though a 10 lot size was massive let alone 10000! lol. Isn't 1 the standard?
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Just came across this video so thought I'd let you know that there are no commissions in Forex trading for the most part. Some random brokers may still have them, but for the most part the only "commission" you pay is the Bid/Ask spread. Also a 10,000 lot size is a standard mini lot so for each pip or point the pair moves you gain or lose $1. A standard lot size is 100k which makes or losses $10 for each pip the pair moves. And so you know the pair you traded at the beginning the GBPJPY I think it was means if you go long, or buy, you are buying the British Pound (GBP) and selling the Japanese Yen (JPY) and vice versa if you go short, or sell.
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Does your simulations consider leverages and margins?
The reason why I am asking is because if your stock value goes down it can automatically close and make you lose all your money on CFD.
If it does I would love to play with your simulation software out of curiosity because I only started trading last week.
I actually got ideas for a trading bot that could help improve what you started. Since I been on furlough and got involved I have been doing some crazy research to get up to speed because the current market is exciting right now.
What I don't have and will probably never have is expertise in using Python and patience dealing with Syntaxes like taxes don't give enough headache as it is but I do understand how business works being a company Director myself. All I know is Python was created for Machine Learning by NASA if I am not mistaken and all I can see in the stock market is repetitive patterns that a machine can do to save me the brainpower to make good decisions.
Brother, how many pips do you give your stop-loss
in forex you are leveraging your money with other people's money so even though you can easily compound the winnings you can also lose your ass in forex.
Sorry Jacob but i just cant stop laughing at your hairstyle, it looks like you just came out a p***y, just like a newborn hahaha. No offense but its funny hahahaha
This doesn't apply to just Forex either. haha. It's good for new traders to see stuff like this so they don't fall into the trap of all the promises some of these trading signal rooms make about insane profits. The reason they make profit is because they convince these retail novice traders to buy in and usually they're out long before you and laughing to the bank while the new traders inflated the stock and they took nice profits way before what they told you to take in their signal.
Great channel Jacob I have seen some of your videos and just suscribed. Sent you an email recently and now waiting for your reply.
Keep good work!
Thank you, really interesting. I'm developing my trading strategy and I'm wondering which "market" is the best for Trading bot (Stock, Forex, Crypto…). What do you think?
Great work, thank you! Where is your site, also can you code software for Forex Trading signals? Cheers!
What platform do you think is best for algo trading? I’m moving away from MetaTrader because of how buggy and unreliable it is, and I’m stuck between using QuantConnect and NinjaTrader. Could you make a video on the best platform for algo trading? Thanks
https://chat.whatsapp.com/KFNleZNcUWw8caHSCkmORn
I highly recommand This free signals service very accurate.
Thanks for the video, really interesting!
Do your own bot for forex trading now! 🙂 I've been doing some research into it lately and testing and found it the most interesting market building bots into.
Can I download your software? Would be better to test at least ten signals in a row not just three
I wanted to do the same experiment. Thanks for saving my time 🙂 I would go one step ahead and say: most people who follow these signals blindly might lose money in practice, even for the profitable suggestions. Because by the time some people execute it, the opportunity is already taken by other people and bots! Your video is very valuable, maybe it could be a bit more concise though. Thanks a lot and please keep up!
Good job boss, can we link python algo code to ninjatrader via API? thanks
Hell yeah this the video I was waiting for
can these work for india market,how can i contact u bro
Can you make a script that replays these trades from the history and calculates the overall profit? These messages look like they are all the same structure, so it should not be too hard to parse them. I think 3 samples are not enough to draw a real conclusion.
100,000 is standard lot size
That is micro 10,000
Definitely do more of these! Great stuff bro!