Forex.com - Broker Reviewed

I have been with FOREX.com since April 2011. They were initially run by GFT but in 2013 GFT and Gain Capital agree to merge. As of today all of my daily mail comes from "GAIN Capital UK Limited". They are big and they are properly regulated as far as I have researched. 

As the world's economy change, things change as well. One thing about Forex.com they are quite widely spread, they have a different division accepting a different location based customer. I had my account open under the UK division and hence I fall under the ESMA regulation/requirement. After 1st August 2018, the new regulatory framework will limit the Leverage available to all UK based account.

I have no complaints about any services from FOREX.com thought my many years with them. I have made several withdrawals and none of which had an issue. Below is the documentation of my latest and final withdrawal from Forex.com. They are prompt and efficient that is for sure!

Account withdrawal request of US$2,532

Withdrawal conversion of US$2,532 to S$3,405

Why am I closing my account in FOREX.com? As I do not live in the European Union, I hate the fact that I have to abide by the ESMA caps leverage of 1:30. The leverage cap limits and restrains how I usually trade, dropping from 1:500 to 1:30 is a big handicap (in my personal opinion).

Quick Summary:

Trading Respond Time: 10/10

Trading Platform: 10/10

Deposit and Withdrawal: 10/10

Spread: 7/10

Customer Service: 9/10

-DC

Active Account - 2018/2019

Like most traders I have more than 1 active trading account. In fact I always maintain at least 4 active account at any one time. If you need to ask why, you have not really started your trading journey. 

The most obvious answer to why one would maintain more than 1 account is because we do not put all our eggs in one basket.This goes to say, usually the accounts maintained are open with different brokers. The other reason for most trader would be to have an account to be used for different trading method used during different trading condition. This is one way of allowing the trader to prevent themselves from over trading on the single account. Trading is risky, if a trader over trade it increase the likely hood of the retail trader blowing up the account when the market season change and swing against the open positions.

As I am resuming my journey, I will be sharing the main account I use for trading so that others may review and discuss about it after. This is a fairly new account open specifically to trade the new trading concept I have learn from JJ. I call it JJFibExtension.

-DC

Where have DC been?

An update on my absence. Am I back in the game?

Its been some time since I've put my heart and soul into Fx. In September 2014 I got a job over to move out of Singapore. I packed my family up and we relocated. The move and adjustment was so constant that within 4 years I lived in 2 countries after leaving home. The changed have made Fx a hobby and my job was my main source of income.

During the first year away of home, I tried using EA to trade as well as creating EA of my own which I ran live. The idea was since I had no time, why not use what I know and get the EA to trade for me? It was a nice idea but as any season Fx trader know, as weather has season so does Fx. I was unable to built an EA that would return significant gains and survive the Fx season change. I lost a few account/signal running my EA live and concluded that EA are like machine. They are there to assist us in our task and not totally replace us.

As I had no time to trade, I looked into Long Term strategy and method to keep with the game. In my Fx Journey, I have learned from Rob Booker about un-hit pivot. It is undeniable that statistically it is a valuable point that pivot are like magnets. They work the same as Moving Averages, it is mathematically designed to be crossed/touched by price. Pivots are my trading foundation and something I still believe in. I started taking long-term trade from Daily Time fame trading for price towards Weekly and Monthly Pivot. Taking only positive swap position. This was how I traded since 2015 to mid 2018.

After 8 years of trading Fx all on my own I finally found a mentor(JJ) who was willing to guide me and motivate me in Fx. He has since open my eye once again to Fx and shown me a different prospective to viewing/understanding the Fx Market. With his guidance, I've decided to resume my Fx Journey. I'll be blogging more often to help keep me focus and motivated.

-DC

MT4 MetaQuotes Notifications Sending Setup

With TFT Omega going live, we need to highlight that it is built to also work with MetaQuote's Notification to supported MetaTrader 4 mobile app. TFT Omega would highlight and send out instance messages through the MetaQuote message platform.

Below are the steps to configure the Notification.

1. Open MT4 Client, go to the following Tab by Pressing Ctrl+O. Configure Notification tab as follow. Ensure you 'checked' Enable Push Notification to receive notification over MetaQuote mobile platform.

2. Go to your mobile phone and Open "MetaTrader 4" app, and locate 'Messages'

 

3. You will be able to find the messages pushed from TFT Omega in the Messages section. Below are some sample messages for reference.