How I Beat a FOREX Broker Last Month

in #steemit7 years ago

I am currently testing a manual system I developed from combination of some free available technical indicator (you can find easily by googling) and my own proprietary indicator (Retail Sentiment Indicator). I also use news indicator just for risk management when opening the trades.

I start to test this system last month (June, 2017) and have successfully raise my initial fund from 100 to 3566.81 USD, that's about 3466.81% gain. My goal is 10000 USD then I will start to withdraw the profit.

The whole system as you can see at the picture below (excluding my proprietary "Retail Sentiment Indicator")
forex.png

I currently have open sell trades in EURUSD currencies pair...

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Which broker are you currently 'beating' and if you are in fact 'beating' them, what makes you think that they'll allow you to do it long term?

If you're trading with an ECN forex broker, you're not actually beating them. They want you to make money to make more profit on your spreads. It's definitely worth rethinking how you're going about things.

The broker i use is an ECN forex broker so it is mean that i just beat the other traders, yes?
just for you know that I didn't use any illegal action to win this game.

An ECN broker simply means your orders are being filled in the interbank market and your broker isn't taking the other side of your trade.

You don't really have to beat anyone. Just trade the prices you see.

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