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Admin Trading Journal LQDFX

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  • Admin Trading Journal LQDFX in Trading Journal_index
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This is a brand new account with the LQDFX broker. My starting balance at the time of this post is $200.00.

PURPOSE: The main purpose of this account is to test their service. I want to test their deposit/withdrawal process, trading execution, and overall service. I do not like recommending brokers that I have not personally used. So this is more of a test than anything else. If I like them, I may trade long-term with them. I may not document the reasoning for all my trades. This is a smaller account size compared to my other accounts. And also because this is more of a test at this point.

NOTES: So far, their email replies have been fast. Their online chat is also professional and fast too. I noticed some glitches in my back end. For example, I was not able to create a new account using the tab they provided in my back office. I was told to email support about it, which I did. They created an account for me then. The tab has since been fixed. I noticed some other small changes being made in the back office. So I may have simply tried at a bad time while they were in the process of making updates. Other than that, their website looks professional and I like the design. I made a deposit using Bitcoin and they credited it super fast. It did not take the usual 2-6 confirmations as other brokers require.

STRATEGY: I will trade using a mix of methods such as trend lines, support/resistance, and some indicators mentioned on this forum such as the FEN indicator. I will be trading using both market orders and pending orders. I may or may not set a TP or SL. I might also use trailing stops and close orders manually too.

ACCOUNT DETAILS: I will be using a Micro account from LQDFX with 1:500 leverage, hedging allowed, and no FIFO rule.

Admin Trading Journal LQDFX in Trading Journal_index

Linkback: https://www.forex.zone/trading-journal/31/admin-trading-journal-lqdfx/1519/
#1 - February 13, 2019, 06:45:52 PM
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« Last Edit: February 13, 2019, 06:49:55 PM by Admin »

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Admin Trading Journal LQDFX in Trading Journal_xx
Thank you admin for sharing about the LQDFX broker. I happen to be looking for a broker that provides bitcoin payments.
#2 - February 13, 2019, 08:11:50 PM
« Last Edit: February 13, 2019, 08:14:57 PM by Admin »

  • Admin Trading Journal LQDFX in Trading Journal_index
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Admin Trading Journal LQDFX in Trading Journal_xx
This is a brand new account with the LQDFX broker. My starting balance at the time of this post is $200.00.

PURPOSE: The main purpose of this account is to test their service. I want to test their deposit/withdrawal process, trading execution, and overall service. I do not like recommending brokers that I have not personally used. So this is more of a test than anything else. If I like them, I may trade long-term with them. I may not document the reasoning for all my trades. This is a smaller account size compared to my other accounts. And also because this is more of a test at this point.

NOTES: So far, their email replies have been fast. Their online chat is also professional and fast too. I noticed some glitches in my back end. For example, I was not able to create a new account using the tab they provided in my back office. I was told to email support about it, which I did. They created an account for me then. The tab has since been fixed. I noticed some other small changes being made in the back office. So I may have simply tried at a bad time while they were in the process of making updates. Other than that, their website looks professional and I like the design. I made a deposit using Bitcoin and they credited it super fast. It did not take the usual 2-6 confirmations as other brokers require.

STRATEGY: I will trade using a mix of methods such as trend lines, support/resistance, and some indicators mentioned on this forum such as the FEN indicator. I will be trading using both market orders and pending orders. I may or may not set a TP or SL. I might also use trailing stops and close orders manually too.

ACCOUNT DETAILS: I will be using a Micro account from LQDFX with 1:500 leverage, hedging allowed, and no FIFO rule.

Admin Trading Journal LQDFX in Trading Journal_index
LQDFX broker has an Islamic account with a minimum deposit of 20 $, very interesting, maybe I will try it.
#3 - February 14, 2019, 02:10:34 PM

  • Admin Trading Journal LQDFX in Trading Journal_index
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Admin Trading Journal LQDFX in Trading Journal_xx
Unfortunately, I had a margin call on this account. It was my first trade on this new account. It's my fault though. I am not used to the leverage and did not take the time to see how many lots I could open safely.

I have since re-deposited and my goal is to make this money back now. The good thing is that this Bitcoin lost was a little bit and I am glad I started off with a small amount. I will trade with less lots next time.

I have not noticed anything bad about this broker so far. And their prices are fair. Execution times are fast too.

My balance at the time of this post is $286.55
#4 - February 18, 2019, 04:28:23 PM
« Last Edit: February 18, 2019, 05:07:16 PM by Admin »

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the results of a very good profit, how many days the results of the profit sir?
#5 - February 18, 2019, 04:33:05 PM

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Since my last post, I have been trading EURUSD. I am bearish EURUSD and have posted about this in the technical section. I have also placed some buy hedge trades at support points for extra profit. My account has now recovered from my previous margin call. I am in overall profit now and plan on closing out remaining trades and then making a withdrawal. If all goes as planned, I want to withdraw more than I deposited. If they do this with no problems, it will be a big sign to me that they are honest.
#6 - March 01, 2019, 03:11:58 PM
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Admin Trading Journal LQDFX in Trading Journal_xx
Since my last post, I have been trading EURUSD. I am bearish EURUSD and have posted about this in the technical section. I have also placed some buy hedge trades at support points for extra profit. My account has now recovered from my previous margin call. I am in overall profit now and plan on closing out remaining trades and then making a withdrawal. If all goes as planned, I want to withdraw more than I deposited. If they do this with no problems, it will be a big sign to me that they are honest.
I see from the picture you are sharing, most of you set take profit 100 pips, but there are some transactions that you close before touching the TP.

and I also see some of your transactions that get negative swaps .
#7 - March 01, 2019, 09:05:06 PM

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