FDAX margin requirements
When trading FDAX with LMI, you have to keep in mind how we calculate the buy power for the products allowed to trade. For any product except FDAX, the margin requirement is $10,000 per 1 lot traded. However, for FDAX, the margin requirement is $ 25,000 per one lot traded. Therefore, the buy power for FDAX is always 2.5 lower than for any other product available for trading. That has to be considered when you look at the scaling plan for both the Qualifying and Funded session. E.g. if the scaling plan says you can start trading 3 lots on your account, it means that we allow you to use…
Traders Contest Results 01/22/2020
Below you can find a table with the rating of traders for the last contest. All traders who have a violation of the rules or whose account balance is below $ 0, unfortunately, have left the contest. № Nickname Account Closed Positions Closed profit positions Closed loss positions Total P&L Prize 1 Valex T7335004 12 12 0 3446 50K Practice 2 1st_Trader T7354704 15 15 0 3096 30K Practice 3 u3174804 T7352504 8 8 0 2374 10K Practice 4 mazz T7340404 21 18 3 2062 25% code 5 u1638304 T7348004 14 14 0 1812 25% code 6 Naryan-Mar T7354604 6 5 1 1683 25% code 7 u1945904 T7356604 16 13…
Jan 22nd LMI is holding its first day Trading Contest in 2020!
Dear traders, We’ll be doing our first Trading Contest in 2020 this Wednesday, January 22nd! You will get full access to the VolFix platform and mobile app. You need to register to take part in the Contest. Registration will be open on January 22nd, at 00-00 UTC (21 Jan 06:00 pm CST) and will end at 14:29 UTC (08:29 am CST) the same day. The Contest itself will start at 14:30 UTC (08:30 am CST) and finish at 18:59 UTC(12:59 pm CST). Here are the contest rules: You will be trading a $ 50,000 Practice Session account. There is no profit target. Maximum drawdown $ 1,000. Permitted products are American…
Christmas Sale: Get funded in 2020
Christmas promo code: holidayspirit19 Gives you a 30% off for any Practice Session of your choice. Promo code also gives you 30% off for extending your Practice or Qualifying Session subscription. *As soon as you pass the Practice Session (first stage of our Traders’ Recruitment program), you will automatically get the Qualifying Session account (stage 2 of our Traders’ Recruitment program). You can trade your Qualifying Session FREE for the first month (15 days for the Mini account). Your goal is to pass both stages hassle-free. Our goal is to get you funded, guaranteed. *Full access to Volfix Platform is included with both Practice and Qualifying Session. You can start…
Unlimited Black Friday promo codes
Get your special 15% promo code: lmiblackfriday on every Practice or Qualifying Session purchase. Buy or extend your Recruitment program at any time from today to 30.11.2019. All account sizes included. Account Size Subscription cost with a discount $10,000 $60 $30,000 $119 $50,000 $132 $100,000 $255 $150,000 $298 The subscription cost is the same for both Practice and Qualifying Sessions. For a Restart, use promo code: blackfrireset and get a 15% discount. This promo code can be used to Restart any Practice or Qualifying Session. Practice Restart cost Qualifying Restart cost $10,000 $34 $10,000 $51 $30,000 $85 $30,000 $102 $50,000 $85 $50,000 $102 $100,000 $85 $100,000 $102 $150,000 $85…
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3 upcoming daytime Contests. Terms and registration
Use the best market tools for your trading!
Make sure your trading is perfect in every way, not just your skills but the tools you use for high-precision analysis of the market situation. It’s pretty obvious that if your information is coming from unreliable sources or lagging, you will lose money. You can’t afford to rely on incorrect data. That is why the market analysis software you use must be properly configured and prepared for specific tasks. How to set up the VolFix platform and make most of it? If this is your first time you are using Volfix, here are some tips: all program modules can be divided into 4 groups: “Charts” – all variations of displaying…
Merely being unconventional in one’s approach improves one’s chances of success
Many of us traders have tried to find their own very best unique trading system hoping that it’s authentic enough to help us win most of the trades. When trying to find our “holy grail” we are thinking that other trader’s won’t be able to do as good as we can. However, only an understanding of underlying market drivers, or at least the chart patterns they produce, can provide any kind of edge. Whether that is ‘conventional’ or ‘unconventional’ is moot. TA provides a window into HOW price has behaved, but it doesn’t explain WHY, and to whatever extent it fails to measure either ‘fair value’ or current sentiment, its…
Inverting the signals in a losing strategy must necessarily make it a winning one.
Any strategy that fails to exploit a real market inefficiency is effectively generating random signals. Inverting a random signal generator will only create yet another random signal generator, which will, therefore, be equally ineffective. Why is it? Transaction costs (spread, commission, slippage, swap, etc). These accumulate over time, making both win smaller and losses bigger. Like Jen says, the shorter your trading horizon, and the more frequently you trade, the greater the relative impact that these have. Many traders greatly underestimate their effect. Slippage never operates in your favor, but can have a severely destructive effect during market crashes or ‘black swans’. Statistical fluctuation. If your strategy doesn’t exploit a…
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