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Author Topic: 2 Million Dollar Master / live forex trading  (Read 24868 times)

Online donnaforex

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2 Million Dollar Master / live forex trading
« on: July 31, 2013, 12:33:26 PM »
A new signal service from liveforextrading, 2 million dollar master comes with a verified myfxbook stats page showing a large $2million+ managed account.

myfxbook stats: http://www.myfxbook.com/members/NicksSmall/2-million-dollar-master-liveforextradinginfo/641883

website / info: http://www.liveforextrading.info/forex-signal/838/2-Million-Dollar-Master.html
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Offline pipsbuster

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Re: 2 Million Dollar Master / live forex trading
« Reply #1 on: July 31, 2013, 12:42:57 PM »
Verified? "Trading Privileges Not Verified".

Offline ForexSignals.com

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Re: 2 Million Dollar Master / live forex trading
« Reply #2 on: July 31, 2013, 12:48:22 PM »
Verified? "Trading Privileges Not Verified".

That's correct. I only have investor access to this account.

I've shown Donna investor access to verify it's legitimacy - Donna, do you mind confirming that this is a 100% live $2.8million dollar account?

Offline Broncos Rock

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Re: 2 Million Dollar Master / live forex trading
« Reply #3 on: July 31, 2013, 01:08:57 PM »
4.5% ROI average per month over the past 9 months is ok earning an average of $92k profit per month though I would want double this ROI if I had $2mill available!  Plus there are no withdrawals!  You would think he/she could withdraw a lazy $20k per month for pin/pocket money.

I know there are some big trading accounts out there but this is the first time I have actually seen the stats for one.  good catch here Nick.  ;)


Offline Waleed121

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Re: 2 Million Dollar Master / live forex trading
« Reply #4 on: July 31, 2013, 01:15:55 PM »
4.5% ROI average per month over the past 9 months is ok earning an average of $92k profit per month though I would want double this ROI if I had $2mill available!  Plus there are no withdrawals!  You would think he/she could withdraw a lazy $20k per month for pin/pocket money.

I know there are some big trading accounts out there but this is the first time I have actually seen the stats for one.  good catch here Nick.  ;)

Why does it matter for an investor like us to see whether he withdraws it? Or interestly see him withdrawing 20k?  Maybe he has enough millions to live off elsewhere, this is pocket change trading for him maybe? Thats my thought anyways

Online donnaforex

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Re: 2 Million Dollar Master / live forex trading
« Reply #5 on: July 31, 2013, 02:08:55 PM »
I have seen the investor login for this account, have attached a screenshot here with all identifying info removed. Also attached a screenshot of the latest myfxbook update so you can see it's the same account. Slight difference due to the time lapse between myfxbook update and my MT4 screenshot.

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Offline civfan

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Re: 2 Million Dollar Master / live forex trading
« Reply #6 on: July 31, 2013, 02:58:44 PM »
If he honor the SL, he was just stopped out at one hour ago by 1 pip! But hey, it was just 16k$, nothing to worry about for such a big account.

I have to say is very odd for me to see in a MT4 account such amount of money be exposing to trade. I mean, of course there are funds and whatever that trade that amount and much more, but not on MT4 for sure.
Anyway, that kind of return for such amount is also an incredible return! That is that kind of thing that don't make sense one sell signals when he is in the game with such big stack.  ???

PS.: Who is PrimeXM?
Have I wrote something useful? Really?! Then just click on the red heart under my nickname. :)

Online user456

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Re: 2 Million Dollar Master / live forex trading
« Reply #7 on: July 31, 2013, 03:05:32 PM »
http://www.primexm.com/

PrimeXM is also used by Armada Markets and LMAX as Technology Partner.

Online QuickPipsFX

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Re: 2 Million Dollar Master / live forex trading
« Reply #8 on: July 31, 2013, 03:19:51 PM »
Referring to the attachment brought here by Donna, we see that the account in question is denominated in USD and currently a 20.00 lot long EURUSD(me) order is open. On the given MyFXBook link we see that a 1:200 leverage is used.

20.00 lot = 20 * 100.000 units (EUR) = 2.000.000 units (EUR)

2.000.000 units /200 leverage = 10.000 units (EUR) margin needed

10.000 units EUR, not 10.000 units USD as we can see on the printscreen. Should it not be 1.3260 * 10.000 = 13.260 USD margin needed for 20 lots EURUSD on a 1:200 USD account when EURUSD is going for 1.3260?

Why does the printscreen show that for the 20.00 lot EURUSD position 10.000USD margin is used?

Offline Spacey

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Re: 2 Million Dollar Master / live forex trading
« Reply #9 on: July 31, 2013, 05:02:33 PM »
I honestly don't believe they're allowed a 1:200 leverage with such a huge account. Usually for big accounts like that you don't get much than 1:2 or maybe 1:5 leverage.

Offline ccjhuang

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Re: 2 Million Dollar Master / live forex trading
« Reply #10 on: July 31, 2013, 05:17:46 PM »
Referring to the attachment brought here by Donna, we see that the account in question is denominated in USD and currently a 20.00 lot long EURUSD(me) order is open. On the given MyFXBook link we see that a 1:200 leverage is used.

20.00 lot = 20 * 100.000 units (EUR) = 2.000.000 units (EUR)

2.000.000 units /200 leverage = 10.000 units (EUR) margin needed

10.000 units EUR, not 10.000 units USD as we can see on the printscreen. Should it not be 1.3260 * 10.000 = 13.260 USD margin needed for 20 lots EURUSD on a 1:200 USD account when EURUSD is going for 1.3260?

Why does the printscreen show that for the 20.00 lot EURUSD position 10.000USD margin is used?

for a USD account trading USD based currency (eg. AUDUSD, GBPUSD, EURUSD) the margin will just be the lot size x leverage. So in this case it is 2,000,000 units (20 lots) / 200 (leverage 1:200) = 10,000.

Your calculation will be correct if he opens 20 lots on an EUR based trade eg. XAUEUR.

Offline Shortos

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Re: 2 Million Dollar Master / live forex trading
« Reply #11 on: July 31, 2013, 06:04:55 PM »
I honestly don't believe they're allowed a 1:200 leverage with such a huge account. Usually for big accounts like that you don't get much than 1:2 or maybe 1:5 leverage.


What is strange me too the 200 leveraged and there is no slippage with 20-60 lot orders, it should be if these market execution orders. And no commission on the contracts.
Would be interesting to know what feed is the EURUSDi and EURUSDme at primexm.
« Last Edit: July 31, 2013, 06:07:05 PM by Shortos »

Online primi

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Re: 2 Million Dollar Master / live forex trading
« Reply #12 on: July 31, 2013, 07:07:34 PM »
And off to a great start, opened 4 longs moments after the release. They all for some reason insist on trading these news events.

Offline ultracat

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Re: 2 Million Dollar Master / live forex trading
« Reply #13 on: July 31, 2013, 07:24:10 PM »
I would have no problem joining a Pro news trading signal if I knew that's what I was getting into.  It's bothering me more and more all these ST manual traders I follow because they are supposed to have good judgement and experience.  Let's see if he knows how to news trade or not...

Online QuickPipsFX

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Re: 2 Million Dollar Master / live forex trading
« Reply #14 on: July 31, 2013, 07:26:24 PM »
Referring to the attachment brought here by Donna, we see that the account in question is denominated in USD and currently a 20.00 lot long EURUSD(me) order is open. On the given MyFXBook link we see that a 1:200 leverage is used.

20.00 lot = 20 * 100.000 units (EUR) = 2.000.000 units (EUR)

2.000.000 units /200 leverage = 10.000 units (EUR) margin needed

10.000 units EUR, not 10.000 units USD as we can see on the printscreen. Should it not be 1.3260 * 10.000 = 13.260 USD margin needed for 20 lots EURUSD on a 1:200 USD account when EURUSD is going for 1.3260?

Why does the printscreen show that for the 20.00 lot EURUSD position 10.000USD margin is used?

for a USD account trading USD based currency (eg. AUDUSD, GBPUSD, EURUSD) the margin will just be the lot size x leverage. So in this case it is 2,000,000 units (20 lots) / 200 (leverage 1:200) = 10,000.

Your calculation will be correct if he opens 20 lots on an EUR based trade eg. XAUEUR.

I can't agree with you.

No need to believe me, you could just try a margin calculator that you can find easily on the net:

http://www.forexpeacearmy.com/trader_tools/margin_calculator

http://www.investing.com/forex-tools/margin-calculator

http://www.forexrazor.com/en-us/tools/resources/forex-margin-calculator.aspx

(edit: added a 3th one)
« Last Edit: July 31, 2013, 07:30:49 PM by QuickPipsFX »

 

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