Recent content by LongTermInvester

  1. L

    Your opinion on City Index and CMC

    I use IG and like them but must agree with you, their customer service can often leave a lot to be desired. They are the market leader and I think a bit of complacency creeps in. Of the two you mention my preference is CMC. Their interface is fantastic, far better than IG's or City Index's...
  2. L

    Mental Fatigue?

    I've always thought of myself as pretty uber, seems I was right all along :cool: Not sure about 6x 20min naps a day....maybe I'll just trade for 20mins 6x a day and sleep the rest of the time :cheesy:
  3. L

    New employer asking for CF30

    The CF30 is essentially the FCA controlled function for those dealing directly with end clients, normally advising or similar, for those reading this who are not aware. There are other controlled functions such as the directors of the firm, head of compliance, anti money laundering officer...
  4. L

    The Prometheus System

    I went to the link expecting some information about the system but you just have a list of trades. No methodology, no audit trail. I don't get it.
  5. L

    1:1000 leverage, instant withdrawals.

    I had to laugh even thinking for a second that these guys might have any client money protection in place. What's worse is to think that someone might roll across the opening post and think that 1000:1 is a good idea. Bang goes another few kid's college funds....
  6. L

    Mental Fatigue?

    What do you mean am I a real person? By the way I didn't mean just do 2 hours in a whole day, just 2 hours in a block at a time. Staring at screens for hours on end used to mean fatigue for me which normally resulted in over trading.
  7. L

    Mental Fatigue?

    I found I used to perform best in 2 hour blocks. It's hard when trading for yourself as you often feel like you're not doing enough. But better to do 2 hours of solid work with your brain on point then muddling around after staring at the screen for 12 hours straight. Remember just take the...
  8. L

    Anyone using InvestYourWay on IG?

    Had a note from IG the other day punting a new fund management service. I thought it was to do with their stockbroking stuff but it actually builds funds into your CFD account. Seems to be a bit like Wealthfront in the US of the new Nutmeg service in the UK but they look like they actually let...
  9. L

    Recommend a broker please

    In my opinion you are already with the best in a big group of often questionable outfits. IG are not cheap but then you get what you pay for. They fully segregate client money, have no debt and keep all client assets floating between multiple banks to save any collapse. I only know so much...
  10. L

    Traders: Millions by the Minute

    FX is unregulated but discretionary management is always regulated, whether it uses unregulated or regulated instruments (e.g. FX vs equities). Your quote of up to a handful of investors is correct but only when done for friends / family with no fees being charged. Once you get beyond this...
  11. L

    Best Trending FX pair ?

    For me AUDUSD. Great long term trending runs and lots of mean reversion to take advantage of when it break.
  12. L

    Transitioning to a Fulltime Trader

    I went into full time trading before with £50k and found that it was really not enough. This is my view after the end of a lot of hard day trading: 1) The best fund managers in the world are lucky to be hitting 10% year in, year out. Yep sure there are 40%+ funds and traders saying they are...
  13. L

    Sticky Introduce Yourself

    Hi! Hi guys. I was a day trader but that really didn't work out so I became a longer term investor. Looking for any tips, guidance or products to help me in that pursuit. Heard about this forum from a friend of mine so hope it's as informative as he says it is!
Top