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AAFX Trading reviews

Discussion in 'Broker Discussion' started by Astirewien, Jun 24, 2019.

  1. Gravelwood

    Gravelwood

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    Generally, it’s recommended to decrease the lot size to keep the risk per trade on 1-3% of depo level. This is like the golden rule for day traders. But the thing is that if depo is not that big (and many forex traders have under $1K accounts), it can be wise to increase the risk per trade or you won’t be motivated enough with your profits.
     
  2. Astirewien

    Astirewien

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    I don’t know if I can really advise this, so I can only share my personal experience. I didn’t decrease the lot size. Risks increased, but so did the profits. This is a great time to trade actively intraday. It only happens once in a decade or so and doesn’t last long. The drawdowns remain about same, but the profits… mmm. Yummy! And it’s very motivating! I spend a lot of time investigating charts now, looking for new strategies, thinking about how to optimize the current ones. And it pays.
     
  3. Gravelwood

    Gravelwood

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    :) Can’t argue about it. I’m not a big fan of using extra leverage but at this time the end justifies the means.
     
  4. Marim

    Marim

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    Thanks, everyone! Yeah, to tell the truth, my profits weren’t too impressive and this wasn’t really motivational. Might need to use more leverage than planned initially, but this is not the problem with AAFX fortunately.
     
  5. Marim

    Marim

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    It's been nearly 6 months since I've started trading with AAFX. Here is the V-day. I'm finally ready to withdraw my first profits. Previously I was kind of balancing at near 0 income point, winning some $$ and then giving it all back to the market.
    Do you think that credita card is an OK method for withdrawals? I funded account with a CC.
     
  6. Astirewien

    Astirewien

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    As long as you haven't done any withdrawals before, credit card is ok, as long as the withdrawal amount does not exceed the initial deposit. Later you'll have to choose another method.
     
  7. Marim

    Marim

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    Thank you so much. Tried CC withdrawl, fuds arrived nearly immediately, which is pleasant. Surprisingly, neither bank, nor broker charged any fees for the transaction. I'd like to keep using the method in future, why do you think I can't?
     
  8. Astirewien

    Astirewien

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    That's because this withdrawal was marked in the bank system as a return of the money to the customer. You don't even have to pay taxes on this withdrawal.
    In future, when the withdrawn profits will exceed the size of the initial depo, you'll be asked to use some other payment method, like Skrill, Neteller, Fasapay, etc.
     
  9. Gravelwood

    Gravelwood

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    Congratulations on the first withdrawal! Isn't the feeling nice?!
    Making money on demo account is not that difficult, so I'm always very proud of colleagues that are capable of making money on a live account, regardless of its size. What matters most is that making is once you are highly likable to be able to repeat the sucecess. So I hope to hear the new wins story soon.
     
  10. Marim

    Marim

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    Thanks so much! I appreciate the comment. You are actually rising a good point here. Yeap, I've got my first profits alread and I'm happy about it. Yet, its not enough.
    I mean, if I want to make a living with trading, I need to increase the size of a deposit. And I'm still in doubts whether I'm ready for the new level.
     
  11. Astirewien

    Astirewien

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    The doubts will always be there. Of course that would be nice to attract the investors and trade using somebody else's money. Yet, this is a challenge. For some people it's much more diffiuclt to risk smb else's funds, rather then their own money.
    It also depends on the system you use. if it's fully formalized and you can manage account in an automatic mode, that's ok to increae the trading capital by all means as much as you can. Yet, if you are a descrete trader.. adding more value can be an obstacle. Doubling the risk is more or less ok. More than that is a bad psychological pressure.
     
  12. Marim

    Marim

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    Yeah, that makes sense. I really understand what you mean by pressure. I'm a manual trader, I don't have a system that can be programmed to be a fully automated strategy, yet I do have some trading rules for sure. For now I don't plan to attract any investors, yet I'm really considering increasing the deposit size with AAXF if the next withdrawal goes ok too.
     
  13. Chionao

    Chionao

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    Wish you all the good luck with that!
    Guys I wanted to ask, did anyone do tranfer to Mt5? I see this offer every time I visit aafx website, but I doubt whether it can give any real advantages?
     
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