LincolnOnyeabor:
Opened an account with one nasty broker and they're moving maad.

My trade hit TP last week and overshot it by over 20 pips and they still didn't close it.

Now, look at the Spreads they have!

Please, I need any legit broker that accepts say $10 and less please.

Thanks everyone.

Call out the broker. You could be helping someone.
Also, as long as it's not an ecn acct, the spread seems ok to me.

erniok:

Might happen. Speculations are that UJ will hit 150 before BOJ intervenes while the market also watches BOJ policy decision on friday.
I hate trading pairs that their CBN regularly intervenes due to January 2015 ish.

Let's see how it goes then. Thanks!

peteregwu:


Let's see how it goes then. Thanks!

You're welcome.

erniok:

Call out the broker. You could be helping someone.
Also, as long as it's not an ecn acct, the spread seems ok to me.

They're called Headway System.

Don't mind my newbie question please, but what's an ECN account??

LincolnOnyeabor:


Look at that first trade in profit.

And see the high of the Market last week Friday.

Your TP didn't hit, EU high on Friday was around 1.0687 and ur TP is 1.07500 😳 except you adjusted it.

Is this a $10 acct? 🙄

dmahn:
To whom it may concern

No matter how beautiful a trade setup looks, if it requires a wider stop please pass it on

Even if the reward is at least 3x the risk?

DigitalyYours:


Your TP didn't hit, EU high on Friday was around 1.0687 and ur TP is 1.07500 😳 except you adjusted it.

Is this a $10 acct? 🙄

Asirititu😂😂😂



0.1*2 on $10 equity?😂😂😂😂

LincolnOnyeabor:


They're called Headway System.

Don't mind my newbie question please, but what's an ECN account??

This should help.
https://www.investopedia.com/terms/e/ecn-broker.asp

Didn't you research before choosing your broker especially how they are regulated.

LincolnOnyeabor:


Look at that first trade in profit.

And see the high of the Market last week Friday.

Your TP was not hit sir. Also, why are your trading 0.1 on $24 account and you have about 4 open positions. This is a recipe to blow up that account.

charly20:


Even if the reward is at least 3x the risk?

Wider stop means the reward can never be 3x the risk infact it's the opposite

Jameselias:
define wider stop

Wider stop is simply setting $65 risk to earn $60 reward... Infact if its $61 risk to $60 reward.. The stop is already wider

dmahn:


Wider stop means the reward can never be 3x the risk infact it's the opposite

I guess you mean high risk for low rewards.

100 pip stop for 50 pip reward. Is that it?

charly20:


I guess you mean high risk for low rewards.

100 pip stop for 50 pip reward. Is that it?

U go explain tire 😂😂😂,He is not ready to give u wetin u want back chief and moreover it is already late,allow him make he wake tomorrow and give u back in double ,anyhow u guys Wana cook ham,we elders dey here dey observe 🤐🤐🤐🤐

charly20:


I guess you mean high risk for low rewards.

100 pip stop for 50 pip reward. Is that it?

Exactly boss

Kaybee7000:





U go explain tire 😂😂😂,He is not ready to give u wetin u want back chief and moreover it is already late,allow him make he wake tomorrow and give u back in double ,anyhow u guys Wana cook ham,we elders dey here dey observe 🤐🤐🤐🤐

Onijongbon buruku😂

Feshizzy:


No one needs any advice coming from you,
Advise yourself first, you con-artist

Odesin. I am yet to see you post a single trade recommendation.
Continue keeping yourself busy quoting my posts and spewing trash.

teemy:

Make the wait up to a week but ensure you've also contacted them at least three times. After which, you may proceed to Forex Peace Army.

Whats's the broker name

My brother, you have far more experience than the way you are choosing to handle this matter.

First question to ask is: did this happen around the release of any high impact economic data?

Most likely the answer will be YES.
The trader in question is still looking for brokers that will accept $10 or less. He is in essence searching for an unregulated broker (yet again).

BillAckman:

This is golden. But most of us thinks we can win every time and when we lose we scatter everywhere

The market always finds a way of having their arses handed to them on a platter

meshpips:


My brother, you have far more experience than the way you are choosing to handle this matter.

First question to ask is: did this happen around the release of any high impact economic data?

Most likely the answer will be YES.
The trader in question is still looking for brokers that will accept $10 or less. He is in essence searching for an unregulated broker (yet again).

It doesn't matter if the broker accepts $1, as long as it is okay for them as a business model, they are obligated to respond to him after three contacts spanning a week.

He is their client. They owe him that obligation to respond to his questions even if he was or was not at fault.

About the broker chosen, I was initially about to respond but someone here had already given him a guide. After all, your choice of a broker can make or break you.

Oil price continue rally in yesterday market. Oil hit new high 91.28 based XTIUSD chart FXOpen in Tradingview. According analyst the reason oil strong rally because Saudi Arabia and Russia to extent oil cut proudction. It resulting the tight market amid increasing demand. Goldman Sachs even predict oil price expected hit $107 in 2024.

dmahn:


Wider stop is simply setting $65 risk to earn $60 reward... Infact if its $61 risk to $60 reward.. The stop is already wider

ok negative RR

While calculating RR, your risk is more by the spread and your returns is less the spread.

eur/jpy: buy buy buy

LincolnOnyeabor:


Look at that first trade in profit.

And see the high of the Market last week Friday.

At no point in time on Friday did eurusd hit 1.075 which was your take profit

You entered the trade and exited it on Friday so I don't understand what you want the broker to do for you?

Or is it a different eurusd you are trading from the one we are all trading.

Check the historical data on the link below and clarify your position on this issue


Links:
https://ng.investing.com/currencies/eur-usd-historical-data

erniok:

Your TP was not hit sir. Also, why are your trading 0.1 on $24 account and you have about 4 open positions. This is a recipe to blow up that account.

The reason I asked him to post screenshots was because of the argument the last time on this forum on number of pips on gold

How person go dey accuse broker when his tp is 60 pips away from high of the day ?

This one shock me

As for the position size, he might be using a cent acct.

wuyexzy01:
eur/jpy: buy buy buy

Nice

dmahn:
EU chart looks very much ready for an instant buy once market opens. TP @ 1.07300. Then sell from there and leave TP open till eternity ... The buy is a countertrend trade so don't risk aggressively.

Buyers are waiting for UJ at 147.500, the buy zone is still valid till 147.000... A close below 147.000 will invalidate the buy setup. Leave TP open till after fomc. It's a trend following trade so risk aggressively with proper MM.

NFA DyoR!

And UJ failed to touch my zone by few pips b4 it rallies back up ... Hopefully they come back to the zone b4 2pm today or its a missed setup.

Geovanni412:


The reason I asked him to post screenshots was because of the argument the last time on this forum on number of pips on gold

How person go dey accuse broker when his tp is 60 pips away from high of the day ?

This one shock me

As for the position size, he might be using a cent acct.

Good day all, thanks so very much for the Clarifications and analysis.

It's a Cent account sirs. And I'm still a green horn in this game sir.

Why I asked was that, on that Friday, I checked TradingView and MT4 charts and saw that it hit but don't know why they didn't close it.

The Calculations on this cent account is waaaaay more confusing than a Standard account!

For instance, I don't still Understand how to use the Forex Calculator in calculating Risk factor in the Cent account. I don't know if I out in the figures, how do I now relate it into the Cent account and that has been an issue for me thus far.

All the same, thanks very much to everyone. And thanks for this Community.

If anyone can kindly show me how to calculate Risk based on Stoploss here on this Cent account, I'd really appreciate it.

Or do I just find a way to get $10 and go for a regulated broker like Exness??

Thanks for all the contributions sirs. I really appreciate it.

erniok:

Your TP was not hit sir. Also, why are your trading 0.1 on $24 account and you have about 4 open positions. This is a recipe to blow up that account.

It's a Cent account sir.

Do you know how to calculate Risk and Stoploss on a Cent account??

Putting in the numbers in Fx calculator and relating it with the account has been very much confusing sir.

DigitalyYours:


Your TP didn't hit, EU high on Friday was around 1.0687 and ur TP is 1.07500 😳 except you adjusted it.

Is this a $10 acct? 🙄

It's a Cent account sir.

I'm looking at finding a way to hustle up and get $10 and go for either Exness or a More regulated broker sir.

LincolnOnyeabor:


Good day all, thanks so very much for the Clarifications and analysis.

It's a Cent account sirs. And I'm still a green horn in this game sir.

Why I asked was that, on that Friday, I checked TradingView and MT4 charts and saw that it hit but don't know why they didn't close it.

The Calculations on this cent account is waaaaay more confusing than a Standard account!

For instance, I don't still Understand how to use the Forex Calculator in calculating Risk factor in the Cent account. I don't know if I out in the figures, how do I now relate it into the Cent account and that has been an issue for me thus far.

All the same, thanks very much to everyone. And thanks for this Community.

If anyone can kindly show me how to calculate Risk based on Stoploss here on this Cent account, I'd really appreciate it.

Or do I just find a way to get $10 and go for a regulated broker like Exness??

Thanks for all the contributions sirs. I really appreciate it.

It is alright , Chief

Cent acct and trading only eurusd

If you deposit 10 dollars, you have 1000usc

If you are risking 1 percent, that is 10 usc

If you are trading eurusd risking 30 pips per trade

Lot size for eurusd would be Risk/ (no of pips *10)

That is 10/300 =0.03 lot size for eurusd

The calculation would be different depending on the pair you choose to trade

Get a forex risk calculator app on Android or iphone for help on other pairs. I've used the app in the screenshot with no issues(currencies) . I don't know about its accuracy for calculating gold and pairs like that.

..