Where can I buy the MiniCat 420?
You can buy the MiniCat 420 from our MiniCat website.
Forex Trading (4)
Can you Trade for me?
The answer is no. I am not a licensed trader and thus cannot trade for others asking money in return. I am simply not allowed to do so. I am also not allowed to give financial advise to others as a profession.
What Kind of Return can I Expect from Trading Forex?
It all depends. If you are serious about trading foreign exchange and focus on Price-Action-Trading (PAT) validating the trading opportunities with volume (VPA = volume-price-analysis) and follow a solid trading plan, you should be able to make 10-20% per month. If you do not take the gain out of your trading account, you could more than double your capital each year.
Below you can calculate your capital increase. For example, if you start with 100.000 euro/US$ and make a return of 10% average per month and leave the money in your trading account and continue to trade for 3 years, you can see how that could add up to. Enter for example 100000 as present value, 10% as interest rate per period (monthly period) and 36 for the number of periods (3 years) to calculate that your 100.000 initial investment can be turned into more than 3 million in just 3 years. Another example, start with 500.000 and take 15% of return per month as your basis for 3 years (36 periods) and see what kind of money you can earn from trading forex. However, since over 90% of those starting out trading forex wipe out their complete trading account within the first 100 trades, I hope you understand that there is no guarantee that you will make the same.
Isn’t Trading Forex Risky?
Trading on the foreign exchange is indeed risky. It is easy to loose all your money in one day. However, the risks involved can be managed. By incorporating money management rules and by keeping them, the risk of loosing all your money can be eliminated. However, there is still the risk of the trade itself to deal with as well as the emotional and psychological factors involved in e.g. loosing trades several times in a row. By placing orders only with a stop-loss, you can protect each and every open position and prevent it from wiping out your trading capital. Many forex traders limit their trades to a maximum of 1-2% of their trading capital and set the stop-loss accordingly. Many others don’t take this serious and might not protect all their trades. These are the traders that sooner or later are loosing all their money. They might think they have to take on more risks to make up for previous losses. Psychologically the trading is a challenge as well. There is no place to hide any losses as the profit & loss statement clearly states the actual balance in the account. A lot of traders can’t deal with several trades lost in a row and start to take on more risks. However, if you can approach trading forex as a serious business and run it without diverting from the trading plan and where you stick to your money management rules and learn how to interpret the charts, forex trading can make you a solid income.
How do you trade from MT4 on the Interactive Brokers platform
Interactive Brokers (IB) is one of the largest US brokers. However, they do not have native support for the Metatrader 4 (MT4) platform. There are lots of other brokers that do offer native support for MT4. I do get questions as to how I am able to (demo)trade from my MT4 forex trading system using Interactive Brokers as my broker. My answer is that it is not easy and requires extra licensed software to make it work out. If you still are interested, check out the following websites: MTIBBRIDGE and possibly look at jTWSdata. Keep in mind that the MTIB Bridge software is formally not supported by IB.
Article on Interactive Brokers website: https://ibkb.interactivebrokers.com/article/1982
What kind of Aircraft do you Fly?
I fly either a Piper Archer 3 single-engine aircraft, a Cirrus SR22T turbo-charged aircraft or a Piper Seneca 2 twin-engine aircraft. The Piper Archer 3 is a classic airplane without autopilot and with a conventional cockpit and a 180HP engine. It is great for short trips within Europe and can be used primarily during the summer period. The Cirrus SR22 Turbo has a 315HP turbo-charged engine, has the Perspective Glass-Cockpit based on Garmin’s G1000, a great autopilot and is equipped for flying in winter and bad weather conditions. The Cirrus is FIKI-approved (flight-into-known-icing conditions) and flies up to 25.000 feet in altitude (flight-level 250). The Piper Seneca 2 is equipped with 2 200 HP turbo-charged engines. The extra engine is great when flying long stretches over water. Next to the extra engine, the Seneca 2 is FIKI approved, has a technical ceiling of 25.000 feet and long-range tanks and more room inside. So, I fly the aircraft that best suits the mission I have to fly.