Sell EurAud 1.6845 SL 1.6875 Tp 1.6610

Buy GbpChf 1.2095 Tp 1.2250 Sl 1.2040

euraud buy limit 1.6700 sl 1.6660 tp 1.6878

How's this history for a newbie in the forex world

Thelucifer666:
How's this history for a newbie in the forex world

Nice.

UyaiIncomparabl:


Nice.

Still learning the ropes
Hopefully when I put real money it'll go this well.

Thelucifer666:

Still learning the ropes
Hopefully when I put real money it'll go this well.

Oh. You still dey demo mode?

Thelucifer666:

Still learning the ropes
Hopefully when I put real money it'll go this well.

Don't mistake this history for trading well...

Trade demo with a reasonable amount..

Are going to fund with the amount in your demo when u go live and be trading with 1 standard lot

Donvic4u:


Don't mistake this history for trading well...

Trade demo with a reasonable amount..

Are going to fund with the amount in your demo when u go live and be trading with 1 standard lot

Yes, I know the profit won't be high as this since I dont plan on investing more than a 100 dollars.

UyaiIncomparabl:


Oh. You still dey demo mode?

Never get mind to put real funds

Donvic4u:


Don't mistake this history for trading well...

Trade demo with a reasonable amount..

Are going to fund with the amount in your demo when u go live and be trading with 1 standard lot

How much is a reasonable amount to you?

Thelucifer666:
How's this history for a newbie in the forex world

Bear this in mind.
Sometimes one loss renders 5 gains ineffective.


Make it your handle.

Gold buying 1701 Tp 1712 Sl 1694

MrStan11:

Bear this in mind.
Sometimes one loss renders 5 gains ineffective.


Make it your handle.

Yes, that big loss was from me experimenting with another quote currency.
Definitely shouldn't have left my comfort zone.

saxy4c:
Gold buying 1701 Tp 1712 Sl 1694

Sorry bro.
But what does these stuff you guys keep dropping here mean?
I'm a newbie.

SELL GOLD 1700 SL 1712 TP 1650

SELL USCAD 4065 SL 4080 TP OPEN

Thelucifer666:

Yes, that big loss was from me experimenting with another quote currency.
Definitely shouldn't have left my comfort zone.

Always see demo as real money.
Open demo of $100 and see if you survive for one week.

Don't experiment with money.
Forex is an abyss. The more you go, the more you discover. (Discipline is your guide)

MrStan11:

Always see demo as real money.
Open demo of $100 and see if you survive for one week.

Don't experiment with money.
Forex is an abyss. The more you go, the more you discover. (Discipline is your guide)

Exactly, I tell people stop using 5000$ demo and be making 100$ in a trade and smile using 2 lots. When you go and deposit 100$ for real trading, you want to repeat the same feat.
Try money management with small amount first. I have a friend who is normally demo trading with 5000$ and when he uses 2 lots to catch 10 pips he'll post it e everywhere, them de decided to try out real with 10$ and he was smoked.

Looking at buying EURJPY
Gold is in a range, right now, I can't get a clear picture.

MrStan11:

Always see demo as real money.
Open demo of $100 and see if you survive for one week.

Don't experiment with money.
Forex is an abyss. The more you go, the more you discover. (Discipline is your guide)

seems the least demo account that can be open is 3000 dollar

BrainArk:

seems the least demo account that can be open is 3000 dollar

If thats the case, always see it as 2900 + 100.
That $100 is what you see as your money.
DISCIPLINE in Forex no be beans o.
Its practical.

BrainArk:

seems the least demo account that can be open is 3000 dollar

Here's what I did, look for a pair with very wide spread, e.g GBPNZD, click buy or sell on the max lot size you can be allowed. Close the trade immediately you open it, that way, you can reduce it to 100$ or around that and then plan your trades and risk management from there

MrStan11:

Always see demo as real money.
Open demo of $100 and see if you survive for one week.

Don't experiment with money.
Forex is an abyss. The more you go, the more you discover. (Discipline is your guide)

I'm using meta trader 5.
Idk any broker that'll allow as low as $100

I have been following up this thread for weeks now forex is really a good venture if you know what you're doing soon my success will make noise....as regards broker no one has talked about Octa FX they are very good and give 50% bonus on each deposit you can start with a $100

Thelucifer666:

I'm using meta trader 5.
Idk any broker that'll allow as low as $100

Thelucifer666:

I'm using meta trader 5.
Idk any broker that'll allow as low as $100

Exness allows you to reduce (using withdraw button) account to any amount you want.

Good for beginners.

UyaiIncomparabl:


How much is a reasonable amount to you?

Depends on what you can afford, buh my advice is for trading to be reasonable, you should have an account where you can trade 0.1 lot size risking 40 pips as 4% of Ur account..

1586 is a good buy for Gold if you want to risk $4

walexy100:
SELL GOLD 1700 SL 1712 TP 1650

You can take profit at 1675. Correction could take place at that point.

Anyone interested in this GBPJPY formation?

MrStan11:

Always see demo as real money.
Open demo of $100 and see if you survive for one week.

Don't experiment with money.
Forex is an abyss. The more you go, the more you discover. (Discipline is your guide)

My demo

Now we're up 120pips on this and we want to see if buys from 1686 to 1696 [100pips] are respected, but above 1700 then, I'd be holding a firm buy.

However rejection beneath 1696 is opportunities to sell till 1640. Also keep tight SL at entry or max 20 pip drawdown on entries for sell.

The further Gold falls, the better for us to enter and size up position for the monthly hold. If patient enough you may walk out this trade with more than you have made In a year.
There is a thing bullion traders say: "Sell in May and go away "

So I advise high caution. Looking for one more high then a heavy monthly slap to Gold for a monthly sell. The beast has appeared.

saxy4c:
1586 is a good buy for Gold if you want to risk $4

michealewela:

My demo

Nice.
I would have used 0.01 lot.
Always risk your trade in dollars not in pips.( my own money management strategy)
In a trade I may risk maybe $5 for a tp of $10 as the case may be.
Money gives me the thorough sense of my risk (say a bait).
This is me.
Other people have theirs.
Know what's best for you.