lordparcel:
Can one make a living trading forex?

Yes, but putting the gain over learning is disastrous. Money should not and never come first. Learn, learn, learn, unlearn and relearn. That's the way

realone12:
Nobody goes against the trend and Nobody goes with the trend..
everything depends on the time frame you are looking at..

Ya, but it's best to go with the direction of the IOF in all timeframe. Going against the IOF is possible for a quick sell/buy but it's not advisable

pijam:

Ya, but it's best to go with the direction of the IOF in all timeframe. Going against the IOF is possible for a quick sell/buy but it's not advisable

Pls what's the meaning of IOF in forex trading ?

GRIMMJOE:
Sure thing comrade.


What I have learned so far.

1. Emotions
Don't use demo account, use real money that you can afford to lose, this way you master your emotions, something demo doesn't teach.

2. Lot size
A small lot size is account balance divided by 1,000, or a margin of 0.01 on a $1 account, this gives you multiple attempt without blowing it.

3. Time Frame Entry
Make entry on a high time frame, only one successful entry is more than enough to double the account.

4. Stop Loss
Forget take profit and Set strict stop loss, don't do market may reverse, na high way be that, with strict stop loss you can go to bed knowing you won't wake up to see a blown account.

5. Take Profit
Be over with the market before the market is over with you.

I woke up to this profit, if it had hit my stop loss I would have lost $0.01 or so, instead I made a profit 15 times the entry.

You scaled the lot size?

W.sot suppose make sense oo

Elliottwave congrats on your position in the competition

pijam:

Yes, but putting the gain over learning is disastrous. Money should not and never come first. Learn, learn, learn, unlearn and relearn. That's the way

I want to Copy and paste trades

Institution order flow,

Just like the trend of the market

Sus4:


Pls what's the meaning of IOF in forex trading ?

Obnoxious2001:


You scaled the lot size?

Yes, I tested all the 36 Synthetic trade I can find, and found out their minimum lot size, high lot size means you can get rich quicker, but that goes both ways.

Pristine664:


You are doing well.

I'm not doing well, my $1 account I was happily growing is gradually approaching zero, I have removed all my indicators, it turns out they are more confused than I am. Back to basic.

Jameselias:
what method of deposit did you use

Perfect Money (E Wallet)

GRIMMJOE:
Perfect Money (E Wallet)

How did u fund the perfect money account

HERFXHUB:


what trading platform do u use? cos mt4 and mt5 doesnt have 0.001 lot

I tested all of them, the margin is more important than lot size, as some market are so volatile, a $0.001 lot size can blow a $1,000 account.

karkinase:

How did u fund the perfect money account

You can find all of these details for free on YouTube.

Jameselias:
what method of deposit did you use

WHY not use their P2P

GRIMMJOE:
I'm not doing well, my $1 account I was happily growing is gradually approaching zero, I have removed all my indicators, it turns out they are more confused than I am. Back to basic.

You are still doing well. It's part of the process.

GRIMMJOE:
I tested all of them, the margin is more important than lot size, as some market are so volatile, a $0.001 lot size can blow a $1,000 account.

these are not the minimum lot sizes r. E. G. V50 is 3.0

OfficialP:
these are not the minimum lot sizes r. E. G. V50 is 3.0

Look closely, beside it you will see Edited, means the default is 3.0 but it's edited to 0.04

For those that cannot be edited, you'll see default, they are already at their minimum.

GRIMMJOE:
Day 1
Trying to grow my $1 account.

How much go be leverage?

GRIMMJOE:
You can find all of these details for free on YouTube.

Why YouTube when u can give me the details here..

pipfisher:


How much go be leverage?

1000(default) for most deriv accounts.. I don't think it is possible to set leverage on deriv

GRIMMJOE:
I tested all of them, the margin is more important than lot size, as some market are so volatile, a $0.001 lot size can blow a $1,000 account.

V25 is 0.5 lot, V10 is 0.30 lot while V75(1s) is 0.005 lot now.. I feel deriv change the lots from time to time

karkinase:

Why YouTube when u can give me the details here..

Watch this guy video.

https://www.youtube.com/watch?v=LaP1zmdSkwE

haryodehjia:

V25 is 0.5 lot, V10 is 0.30 lot while V75(1s) is 0.005 lot now.. I feel deriv change the lots from time to time

Those are default lot size.

pipfisher:


How much go be leverage?

This your question don come hard pass the double way I dey try do.

GRIMMJOE:
Those are default lot size.

No sir.. You can't change them on real account.. Even if it changes it happens once in a while

The question no difficult, it’s one of the basics in trading which is essential. Leverage is more like how much your profit or loss would be if you make use of a standard lot as it also applies to your micro lot too.

The profit/loss for 1:50 would not be the same for 1:200 leverage.

I hope this helps: https://www.investopedia.com/ask/answers/06/forexleverage.asp

GRIMMJOE:
This your question don come hard pass the double way I dey try do.

Trade currencies during the weekdays, trade synthetic index during the weekends,. Synthetic is far more easier to trade,, it's market structure is way too clean

karkinase:
Guys I have a very powerful book which is precise and concise and give all you need to know about smart money concept. If you need it drop your email.

omejeonyinyechukwu@gmail.com

Day 2: $1.4

I was aiming at 2 dollar, but it's all good, if anything I almost blew the account, it even dropped below a dollar, I had to recompose and reorganize myself as my emotions were getting the best of me, that's when I had a come back.

You can call me small lord of scalping

abham:
The question no difficult, it’s one of the basics in trading which is essential. Leverage is more like how much your profit or loss would be if you make use of a standard lot as it also applies to your micro lot too.

The profit/loss for 1:50 would not be the same for 1:200 leverage.

I hope this helps: https://www.investopedia.com/ask/answers/06/forexleverage.asp

I'm a very impatient human, I won't be able to calm down and read all that, but I believe I'm save by using 0.01 margin, which is the smallest possible margin.

But if things goes south I have bookmark the page, hope it doesn't.

GRIMMJOE:
Watch this guy video.

https://www.youtube.com/watch?v=LaP1zmdSkwE

.