Legends FX Market Funded Account: 7/23/2021: Starting Balance: $8312.93: 2.55% In 8 Hours

 New management position with Legends FX Market as a staff trader. This was a live test conducted in minimal time as it was Friday and I didn't want to overdo it. If this is done 5 times a week, it will equal to 40% a month.

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Tradersway $10,000.00 Account: 7/14/2021-7/15/2021: 13.14% Profit In 24 Hours Using The New ECFX Oracle Expert Advisor...

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Review of the Audacity Capital UK Trading Firm Funded Account: 1:5 Leverage : Starting Balance: $15,000.00

Did well last week and was able to close smoothly with minimal profit loss with my custom Expert Advisor. Recovered $1224.54 from the end of June to Today's date in July.

To view in detail, click on the screenshots below:

Snapshot of Various Brokers of 2020: Tradersway and UOB Brokers.

Tradersway Brokerage (UK, China, DR): 

Live Account 573085: (3/20-4/10) 1637 Trades. 1366 Profitable. 83.45.% Profitability. http://computermoneymagic.bravehost.com/dr4.htm 

 Live Account 582479: (4/07-5/04) 117 Trades. 98 Profitable. 83.76% Profitability. http://computermoneymagic.bravehost.com/dr3.htm 

 Live Account 582477: (4/06-5/01) 219 Trades. 198 Profitable. 90.41% Profitability. http://computermoneymagic.bravehost.com/dr2.htm 

 Live Account 582473: (4/06-5/07) 795 Trades. 670 Profitable. 84.28% Profitability. http://computermoneymagic.bravehost.com/dr.htm 

 Live Account 573169: (5/12-5/14) 492 Trades. 398 Profitable. 80.89% Profitability. http://computermoneymagic.bravehost.com/fix2.htm 

 

UOB (Utrade) Brokerage (Singapore,HK,Asia): 

 Demo Account 80008516: (5/11-5/14) 708 Trades. 703 Profitable. 99.29% Profitability. http://computermoneymagic.bravehost.com/patel.htm

10% gross profit made within 5 business days on micro account activity test for new clients. Over 50% taken by broker for commission and swaps. Possibly 6 figure yearly income from 5 figure investment if there were no commission fees.

 The current trading report can be used to assess current market conditions for all participants. Notice in the profit column at the end, the gross profit before commission and swaps taken is $17.34 or over 10% in 5 trading days. This is an example of stellar micro account trading that is helpful in countries who have lower exchange rates. It also shows the overt gouging of clients by the broker who is taking nearly 50% of profit. Another reason why we need to start a brokerage. It affects the overall profitability and we deserve to be treated better.

Let's do a math problem to better illustrate what would have been made in terms of return on a larger account balance: The initial account balance deposited was $177.38, this was matched by broker credit to insure that the investor principal deposit is safe.  So, let's say the initial balance was multiplied by 100, this would give us an initial balance of $17,738.00. If this was our initial balance with the performance given, we would have made approx. %10 in 5 business days, or approx. $1,734.00. Now multiply by 5 for a month ($8670). Now multiply by 12 for the approx. annual return ($104,040.00). This would be the gross profit for the year and the net would be half of this total or even less depending on how the broker treats us throughout the year. Let's move towards a brokerage quickly. I don't like taking unnecessary chances.

Click here to view full report....

$27.00 to $39.00 in 21 Days (Approx. 45% profit.).... 129 of 132 Profitable Trades (97.73% trading accuracy)...

A large majority of forex brokers are bucket shops who seek to make as much as they can when you are trading on their field.  It's always a good idea to keep mini accounts and distribute your principle across multiple accounts which allows you to ride under the radar and decentralize financial risk. Here's an example of a mini account in which I started with $27.00 and made 132 trades in 4 weeks which did well. At the last trade, the broker started to trade against me so I gave him one...lol. A total of 3 "lost" trades, two of which were due to chart whipsaw of pricing which is a natural error that occurs when you are charting statistical data. Regardless, the data shows an account in which 50% profit was made within one month.

To view the trading report, click here....

Last Wednesday's Trading Session (10/31/2018): GBP/USD, CRUDEOIL : ECFXMARKET BOT : Net Profit of 8.30% in two hours (62 trades) .

When engaged in high frequency scalping in a forex bucket shop, an ideal profit limit is 10% a day max. The ecfxmarket bot managed to churn out 62 trades in 2 hours coming just under the profit limit at 8.30% and citing order # 56160825 which profited over $27.00 in two minutes. All completed with no drawdown and bitcoin as the initial deposit currency.

To view the trading report, click here...