Forum Forexroasted

the answer is no, no broker is honest at london close. they all skim because they can. pick the least bad one and move on.

the 6 monitor trading desk is the most over-marketed image in finance. nobody needs 6 monitors. 1 monitor + good window management is fine for 90% of retail traders.

half the people collecting prop payouts arent declaring them at all and telling themselves its a grey area. its not a grey area, its income you received, and the grey-area story is just the one people tell until it becomes an expensive problem.

i get that i should risk 1% but i dont know how to turn that into a lot size. like account 1000, risk 1% = 10 bucks, stop 20 pips... what lot do i type in. is there a formula or do i just guess

if you can manage your strategy from a phone your strategy is either very good or you are not really managing anything. usually the second one.

trading from home with kids is the lifestyle scam. you either trade well and ignore your family or be present with family and trade poorly. theres no magic schedule. choose.

the real reason people force trades on dead days isnt restlessness, its that trading is the only part they enjoy and the waiting feels like the job they didnt sign up for. they want action, not returns, and the no-setup day exposes it.

every backtest looks great once you remove all the times it would have lost. add a news filter, then a friday filter, then a monday filter, and eventually youve curve fit a strategy that only trades the three hours it happened to win historically.

the news has already moved by the time your brokers feed updates. you're trading yesterdays move.

if you're serious about compounding, get a personal funded account with a real broker and compound there where you own the money. using a prop account as a compounding vehicle means compounding someone else's capital for a cut. the economics only make sense if you genuinely don't have enough personal capital to trade the size you want.

in forex volume data is tick-based not actual transaction volume so it's unreliable. the entire volume-during-flag analysis doesn't translate cleanly from equities where you have real volume data.

people debating a coffee-priced subscription while overleveraging their accounts is peak retail. the subscription is not what decides whether you make money.

if you're trading market orders on nfp you deserve the slippage. use limits or don't trade news. this isn't a broker problem it's a strategy problem.

plot twist, the broker that gave you flawless fills and instant withdrawals while you were small does both worse once you actually have money there worth keeping. funny how that works.

and the broker happily shows you the retail positioning for free because nudging you to fade your own customer base costs them nothing and keeps you trading. ask why the data is the one thing theyre generous about.

the research journal will be full of brilliant observations that all evaporate the moment theyre tested with real costs. thats not discouragement, thats just the hit rate. budget for ninety percent of your clever ideas being garbage and youll be pleasantly calibrated.

or you could just not scalp the london open like everyone else and avoid the whole problem. if 30 seconds of downtime ruins your strategy the strategy is too fragile to survive a real spread spike anyway.

every account type a broker offers is a different way to extract money from a different psychological profile of trader. zero spread, standard, vip, premium, all marketing variants of the same wallet drain.