[Petko Aleksandrov]

Hey Petko,

I missed this topic because I was out of town again.

I am looking forward to the competition.

That would be really great!

[Petko Aleksandrov]

Hey Petko,

do you think one day EA Studio will have the option to generate on different currency pairs at the same time?

[Petko Aleksandrov]

You are welcome, Mary! Glad you appreciate the courses and the software.

Cheers,

[Petko Aleksandrov]

Hello Mery,

Unfortunately, we cannot place all the steps available from all the brokers because they all operate differently and they always invent new methods to scam the people.

This is why I have open this topic in our forum so everyone who had this bet experience with scam brokers can share in here and this will help a lot the new traders who are looking for their next trading broker or for their first trading broker.

And I’m very happy that already many traders shared their bad experiences with these illegal companies and I hope this will help the community and the traders in this forum to share more of their stories.

And yes they changed names all the time because in our days market when we have online forums, blogs, review websites, it is very hard for the scam brokers to keep operating because obviously many people complain and they cannot keep scamming the people with the same name.

I really hope that the regulations will start as they should and they should not only monitor the brokers that pay the yearly subscription but always control the brokers that are dealing with the financial markets.

Every experienced trader knows that the regulated brokers are paying a lot to these regulation companies just to have this regulator sign and the regulated number on their website which brings kind of trust in the broker.

I hope that with the time there will be authorities who will monitor all Forex brokers and this way the scam brokers will be eliminated. Unfortunately, till then, many more will burn and many more people will lose their savings investing in something unrealistic.

[Petko Aleksandrov]

Hi Mery,

It is very hard for me to create such a list even I had it as an idea before just because all the traders that come to the academy are with different experience in trading. I don’t know what is your experience, I don’t know what is your knowledge of trading.

And we already have thousands of students joining our trading courses so if we build such a list we cannot make it general so everyone can use it.

Also, each course is individual and is suitable for beginners and advanced traders.

The other thing is that everyone is interested and different things. Some are interested in algorithmic trading, some are interested in manual trading, am I interested in cryptocurrency trading. This is why we have different sections for the trading courses and by looking at the name you can understand which are the courses that are suitable for your trading experience and for your trading style.

If you see a course starting with the word basic it means it is focused on the more beginner traders and will give you an idea on how to use the expert advisors or the trading platform and of course with every trading course I include strategies that will demonstrate to your actual trading.

[Petko Aleksandrov]

Aussie dollar trading course is a little bit advanced for me because I am a beginner in Algorithmic Trading. As shared I suffered from struggling with developers and I am just learning now the essential of trading with strategy builders and expert advisors.

Also, I saw a lot of statistical information and statistics was not my great power in the university so I will leave this Aussie dollar training course for the end and I will look for the basic algorithmic trading courses that are available in the Optimal pack that I took.

Another idea from me, sorry if it is another silly idea, but I think it would be great if you make some kind of lists which will suggest the new Traders the order to watch the courses from the Pack. This way I will not spend the time to watch one of the course to realize that it’s too advanced for me and then going back to the basic course. And then I will need to go back again to the advanced course.

[Petko Aleksandrov]

Hello Petko,

I understand your point. I didn’t imagine that there are thousands of scam brokers around the world. I am sure they changed names because every illegal company does it. Very good point of your seat you place the steps how to recognize the scam brokers because in this way everyone who has experienced something like that will recognize it immediately.

[Petko Aleksandrov]

Hello Petko,

Yes, to pay developers to automate your strategies is really awful. I have a very small experience with that but I really don’t want to go there again:-)

So thank you for all your work and that you shared the good experience with EA studio and FSB pro in your trading courses, anyway I wouldn’t find it.

[Petko Aleksandrov]

Hey Andi,

You are right, EA studio gives me the control to build my strategies with the entry and exit conditions,SL and TP, and to make optimization for the parameters. When I built the manual strategies that I used before I saw that the results were not what I expected. But when I optimized the strategies using EA studio I found the better parameters and I saw how I could improve these strategies.

[Petko Aleksandrov]

Hey Desita,

I actually realized that I need to record these updates because sometimes I was not familiar with the new features in a studio and I had to follow there film. That is why I said to myself if I am not following systematically the updates of a studio probably my students are not following them as well.

So the best thing would be to record videos with the new updates and explain them after I have tested. Also, as traders we are focused on generating strategies, managing the trading accounts with many expert advisors, calculating the risk management in our account, deciding which expert advises to place on a live account, and which one to remove back to the demo account.

That is why I think it is very very important for me to record these videos so all of my students will follow along old updates and will use EA studio with its full capacity.

[Petko Aleksandrov]

Hello Desita,

Thank you very much for the kind words!. It is my pleasure to record the courses and share my experience with everybody.

I am very happy when experienced Traders take more of my courses this means that the material and the content I provide is really valuable and it makes me very happy.

The EA studio provides many opportunities which improved the algorithmic trading in general.

The new features that are available in EA studio allow as many different generating options which give the Trader a lot of freedom and it gives us the chance to experiment and to test different expert advisors.

[Petko Aleksandrov]

Hello Ani,

There is a lot of scam in Forex indeed. But you are right, EA Studio gives a lot of possibilities.

[Petko Aleksandrov]

Hey Jie,

what exactly did you mean? Desita gave you the answer or you wanted to say something else?

Cheers.

[Petko Aleksandrov]

You are right. The problem is many people calculate the risk in a wrong way

It is not how much from our account we trade with. It is how much we risk.

You can place 50% of the account but if you have a very small SL you might be risking just 5-10% of the account.

[Petko Aleksandrov]

Hey Andi,

you are right, the smaller Sl and TP you have, the more orders you will have. Simply, each trade will be opened for a shorter period of time.

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