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What a stupid statement. Unless they are spoofing for their profits, they are not doing anything wrong or illegal.
They're likely only pulling down +2 ticks max per trade on average. So for 100 trades per day, and 100 lot size, they are making 1/4 million per day with their algos.
Can you help answer these questions from other members on NexusFi?
My little experience I had learning from VP at Nononsense Forex to not trade more than 2% of my Account at any one time has saved me a lot from potential total Account collapse. I used to pump massive portions of my Account into Trades that I hoped were very promising, while I had not tamed my emotions to trade more objectively. In consequence, I lost heavily on a few occasions from just even little diversion from my anticipated direction of the Market. When I forced myself to take the advice of VP more seriously, it soon dawned on me how highly reasonable that suggestion of trading within 2% of Account was. I noticed the little reversals that could have cost me a whooping loss became very manageable, and was able to rebound with better trades shortly later.
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"Be an observer, You are not your trading performance, Stop thinking so much, Eliminate/reduce social media activity, Accept the randomness" - Josh