Forum Forexroasted

the pre-commitment to log everything is the deciding factor. public accountability helps if the deal is total honesty, and harms if you get to curate. decide before you start that the embarrassing trades go up in full, and the audience becomes a discipline tool. leave yourself the option to hide losses and it becomes a vanity project that worsens your trading.

its reasonable if you tie the request to specific evidenced harm, not a general vibe. 'these two pending orders behaved abnormally during your migration window, here are the screenshots, i am requesting a reset for the affected trades' is a legitimate, professional ask. a vague 'reset me because the switch was annoying' is what looks like time-buying. specificity is the difference.

depends on residency. in most countries (UK, US, EU, AU) you owe tax on worldwide income regardless of where the payer is located. the prop firm being in dubai doesnt matter, YOUR residence determines your obligations. talk to a local accountant who has dealt with foreign income.

EU resident. set up a small operating company because at my income level the corporate tax + dividend tax was lower than direct income tax. accountant says this only makes sense above ~$60k/year in payouts.

spreading across firms is the same logic as not keeping all your cash at one broker. the prop firm is a counterparty that can fail or change terms, so diversifying which firms hold your funded status is genuine risk management. the extra admin of several accounts is a small price for not being wiped by one firms problem.

mt5 ecosystem has thousands of indicators and EAs available in the codebase, mostly junk. but theres a small set of genuinely useful free plugins that consistently come up in serious trading conversations.

curious what people actually have installed and use daily. specifically interested in:

• chart annotation tools
• statistical analysis indicators
• economic calendar integration
• trade journaling extensions

share your top 3 must-haves.

practical longevity habits that helped me: trade fewer, larger-conviction setups rather than many marginal ones, which cuts decision fatigue dramatically. take real breaks, weeks off without guilt. and dont tie your self-worth to the daily result, the emotional whiplash of that is what burns people out fastest. fewer decisions, real rest, and emotional distance from any single days outcome are what turn trading from a sprint into something durable.

ASIC tightened leverage and margin rules for australian retail clients earlier this year. thinkmarkets being primarily ASIC, this hit them. they now offer a 'professional client' classification that lets you keep older leverage rules if you can prove income/assets thresholds.

for those on thinkmarkets - did the new rules affect your trading significantly? and is the 'professional client' app worth doing if you qualify, or does it lose you other protections?

mask acc number to last 4, mask your name + email, you can blur the balance too nobody cares about your balance. keep broker name + dates + ticket id visible thats what people check

this matches my experience. what actually hurts retail fills isnt your 50ms, its broker-side execution speed and slippage policy. a broker that requotes or delays on their end will wreck you on a 1ms vps just the same. fix the broker before obsessing over the millisecond on your side.

exactly. the relevant metric is your expectancy: win_rate * avg_win - lose_rate * avg_loss. for me thats positive at 52% / 1.6R, even though im nowhere near the textbook 1:3 average.

+1. preparation isnt about predicting the recession, its about being ready for the volatility regime change. my plan: reduce leverage 50% if vol indices (vix, mov) spike above certain thresholds. simple rule, no prediction needed.

exactly that. decide your risk per trade as a small percent of the account and size the position from your stop distance, ignoring the headline leverage entirely. leverage then only determines the maximum you could theoretically open, not what you actually do. traders who size from risk rather than from available leverage barely notice these changes.

+1 on the 15m + 1H combo. multi timeframe analysis with bias on higher TF, entries on lower TF is one of the most important concepts in day trading. trading single timeframe blind to higher TF context = random.

tried a challenge with 4 months of serious demo prep behind me. failed it. tried a $200 personal account with the same 4 months of prep. also lost, but learned much more specifically about where my system failed. the personal account loss taught me about my actual trading. the challenge failure mainly taught me i was not ready for challenge conditions yet. different information.

reasons people skip eval: 1) they fail evals repeatedly due to performance anxiety even though they trade fine normally, 2) they want immediate income generation without the eval phase, 3) they already have proven track record elsewhere and the eval feels redundant. for most traders the eval path is correct - confirms you can actually pass under their rules.

tier 1: FCA (UK), ASIC (Australia), CySEC (Cyprus, EU), MAS (Singapore), FINMA (Switzerland). these have real consumer compensation schemes. anything below tier 1 = your funds are basically the brokers funds, no recourse if they refuse to pay. mauritius/SVG/belize are tier 3 at best.

use wyckoff as a lens not a map. i look at weekly charts and ask whether a ranging period looks more like accumulation (bullish pressure, absorption of selling) or distribution (bearish pressure, selling into strength) based on where volume occurs and how the price tests levels. don't try to label every sub-phase. the directional bias that comes from that read is useful. the precise schematic labeling isn't.

tracked 6 months of fills on two brokers side by side. broker A (market maker) slippage was -2.1 pips average on news, broker B (ecn) was -0.8 pips average. neither is cheating but the difference adds up. switched most news trades to the ecn account and it made a noticeable difference on the month.

+1. the relationship manager value is underrated. for normal trading you wont feel difference. for: account scaling questions, edge case rule interpretations, tax form requests, withdrawal of large amounts - having a real person to email vs going through standard support is genuinely valuable.