Where is Vegas?
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Say, i have been trying to get in contact with Vegas for 2 weeks now and i have even tried via his web site Tunnel Trading . The reason being i have emailed him 4 times and no reply, does anyone know if all is well with him? Before i purchase his signal service, i feel it prudent that there is someone on the other end except just a bank account.
His web site as stated above needs one to set up an account with e-gold to pay for His signal service... To fund this e-gold is another story... so i have been trying to get incontact with Him, but to no avail.... So, please excuse me for asking of His wellfare.... i have learn alot from his tunnel trading... i am just getting more concern whether or not to pursue this adventure... Good Day to all, Daniel (pipsurfer) |
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"I don't know why you guys love IBFX so much...I have heard some horror stories on other forums..."
I agree with Chinaexpert. Unfortunately, they're the best. Which is like saying my crap smells less than yours...it's all still crap. Yes, I use them and manage 23 accounts through them on their PLAMM system. However, I also maintain a personal account with Forex.com. During the NFP release, due to IBFX's major manipulation of spreads (up to 29 pips during the NFP) I was barely able to break even with them, even after a 60 pip move one way and 80 another. However, I made 25 pips with Forex.com because they do not manipulate spreads. They also do not allow hedging or offer MT4, which sucks. We all know that these brokers manipulate spreads to knock out SL's and add to their bottom line. If you are going to trade news with a broker who hunts SL's, don't use SL's and/or trade for the bounce instead. You just have to figure out how to lose less than 50% of the time to be profitable. Therein lies the trick. |
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I don't actually have a real account yet, still searching for good broker. While searching, I stumbled upon this site which rate brokers base on the reviews posted. Look like IBFX only rated 2 star here. Now i'm more confused which broker to choose.
Check this site out. Forex Currency Trading Broker Reviews By Forex Traders |
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Saw this thread and wanted to chime in...
A friend of mine told me to check out TradeView Forex - 2 World Financial Center Suite 4302 New York, NY 10281 212-437-1870 They are a brand new division of Rosenthal Collins Group, a VERY LARGE privately held FCM out of Chicago and New York City. I called the number on their website and spoke with Mike, one of the brokers there. He was very informative and said they are getting started and will have a fully operational MT4 platform by the end of the week. I feel like this may be a good solution for people worried about having their money with a smaller firm with the new NFA net cap requirements...Rosenthal Collins has a 46 million dollar adjusted net cap...well above the new 5 mil requirement ![]() Happy Trading!! |
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I have read in these pages positive reviews concerning INTERBANKFX, and with the horrible experience of two live accounts behind me (they belonged to a woman in Malaysia who had gotten into trouble !) I can state beyond ANY shadow of a doubt, next to Crown, they are the WORST broker out there.
My opinion is based on the simple rule of buying at the ask and selling at the bid for a long position, which is universal in our world (unless you use an ECN and can split the spread, but thats another story) and Interbank DOES NOT ALLOW ITS BID TO REACH THE CORRECT TP POINT, CONSISTENTLY --- only its ask price hits the correct tp point ! In other words, they stop one or more pips AWAY from the correct tp point and then reverse, leaving you sitting with a trade that any other broker would have closed ! Their SHORT trades are even worse, because THEY CHOOSE where in the spread they are going to honor the tp point, and it varies constantly with the same currency. Additionally, to prevent scalping i presume, you cannot move your tp point if you are within a 10 pip target of the market price ---- lets say your present tp point is 1.0000 and the present price is 0.9996. You notice, because of increased momentum the tp point will move to the 200 ma, and you go to adjust it --- unless that tp point is AB0VE 1.0016, you CANNNOT change your price because of the "10 pip" rule. One finds MANY brokers who will allow a 2 or 3 pip change, which gives you a 7 pip advantage over interbank. In my 6 year experience with forex and 30 year experience with equities, I have NEVER run into a broker that does that and while it may be of no importance to those who exit "in an area" or before or after the "real" tp point, its a bloody pain in the nether regions for those who know how to identify take profit points consistently. other than that, i use ECN's (namely EFX) for trading, and eliminate any and all shennanigans brokers pull ! enjoy and trade well mp
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Within the great hall at Elfinore stands a wondrous coffer, precisely four cubits square and securely latched against the outside world. Inside that repository, shut away from impertinent eyes, abides many an intriquing trading secret garnered from around the world and over the ages ! As a child, i used to watch from the darkness as the secrets were debated and annotated by the elders. No one there held a single thought of my presence -- BUT I KNOW WHERE THEY HID THE KEY !! Last edited by mp6140 : 01-06-2008 at 02:45 AM. |
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Hi
two nights ago Interbanks prices moved 100 pips taking out all my stops,the prices at other brokers did not move Free Automated Signals - Forex Trading OILFXPRO
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http://www.oilfxpro.com |
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I would give anything in this world if people could only understand what Interbank does, but so many newbs havent a clue !
Yes, the spike is a problem often, but i never use stop losses so THAT has never been a problem fortunately ! sorry but the swiss are swine as far as I have seen over the years --- it aint cukoo clocks and choclates they love, its MONEY ---- everyone elses ! enjoy and trade well mp Quote:
__________________
Within the great hall at Elfinore stands a wondrous coffer, precisely four cubits square and securely latched against the outside world. Inside that repository, shut away from impertinent eyes, abides many an intriquing trading secret garnered from around the world and over the ages ! As a child, i used to watch from the darkness as the secrets were debated and annotated by the elders. No one there held a single thought of my presence -- BUT I KNOW WHERE THEY HID THE KEY !! |
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His web site as stated above needs one to set up an account with e-gold to pay for His signal service... To fund this e-gold is another story... so i have been trying to get incontact with Him, but to no avail.... So, please excuse me for asking of His wellfare.... i have learn alot from his tunnel trading... i am just getting more concern whether or not to pursue this adventure... Good Day to all, Daniel (pipsurfer)




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