Donsheddy:


I don't know yet... Results will determine

Geovanni412:


You have $26 and you went to trade xau,

What exactly were you thinking?

Unless you are a scalper, you have zero business trading gold with that money

Check your broker and if the contract size on indices is 1, you can trade that instead or go for chf crosses

0.01 lot size on us500 with contract size of 1 won't cost you more than $0.6 dollars, if you are a day trader.

SUMMARY
*Always check contract size before trading indices
*The higher the contract size, the more your risk
* With such a small acct, preferably focus on trading chf crosses so you have a longer trading experience.

Geovanni412:


You have $26 and you went to trade xau,

What exactly were you thinking?

Unless you are a scalper, you have zero business trading gold with that money

Check your broker and if the contract size on indices is 1, you can trade that instead or go for chf crosses

0.01 lot size on us500 with contract size of 1 won't cost you more than $0.6 dollars, if you are a day trader.

SUMMARY
*Always check contract size before trading indices
*The higher the contract size, the more your risk
* With such a small acct, preferably focus on trading chf crosses so you have a longer trading experience.

Petah:
The uptrend on EU and GU might be resuming. Traders are betting that the ECB will be cutting rates this month of June. As inflation is approaching their 2% target. I will looking to long GU during newyork session.

PS: just my opinion and news I have read.
Stay safe traders.

peteregwu:


GBPAUD reached target at last.

Petah:

I Dan con report myself ooo. I haven't been following the rules I set for myself. 😫😫😫

Mystiquefia:


😂😂😂
sometimes its best to just take sometime off forex, restrategize and kom back stronger

I still dey check chart sometimes but I'm seriously engaged with other stuff for now
i wan make some money purchase like 2 100k prop account
i go dey trade 1 every 2weeks, and switch to the next if i don't hit my target or i hit a particular equity
i nor wan dey overstress 1 account again 😂

Petah:
boss abeg eating he the importance of this contract size?
Thanks Chief.

samfelly:


It is not a new thing, boss. The spirit is always willing, but the flesh is imperfectly weak. Just keep feeding and strengthening that will power to do what's beneficial. E go clique, small small

Succhrisfx:
Buy USDCAD
Entry: 1.3625
Sl: 1.3604
Tp: 1.3825

samfelly:


It is not a new thing, boss. The spirit is always willing, but the flesh is imperfectly weak. Just keep feeding and strengthening that will power to do what's beneficial. E go clique, small small

Geovanni412:



Check two brokers, deriv and exness, for example

Enter mt5 demo, click on an instrument, and select symbol properties

You will see the contract size there.

Your total risk on indices like us500 is lotsize* price difference * contract size

If you still don't understand, open demo acct with two or three different brokers, and enter trades on indices like us500

samfelly:


Just see the duration it took for Long to crawl up there, but if na Short, with pleasurable race e go drop once.

By this, I go dey lean towards the SHORTing side of the market now

Petah:

I Dan con report myself ooo. I haven't been following the rules I set for myself. 😫😫😫

GabsonFX2:
Gold short: closed at -210 pips.

Gold longed immediately: swing.

Eaglepixel:

You will close it again before 6:30pm. Tomorrow.

Those MM were to have taken out two lows before going for the ATH, before they will have a long sell again just anticipate a move to clear out Fridays low. S bounce up for NFP sell. The month is coming to an end so sideways/ manipulation market style.

infofirst:
🤔
If you are to trade a $10k prop challenge and can only trade 0.01lot (10cents per tick) one position max at a time. And can only trade gold, Dax, dow, ndx, oil. How long will it take you to hit 8%?
Is it a waste of time or something that is truly the way to go?

XAUTrader4L2:



1835 in my view with a bottom around October, November or December.

samfelly:


It will, indeed, take 2 years (in support with Gabsonfx2's point). Then we go add Anger Management sessions join am

Radioactive 🎵🎵 - Imagine Dragon

Eaglepixel:


Time and price

Cc samfelly.
Old roger is gone ✌️🏃

samfelly:


It will, indeed, take 2 years (in support with Gabsonfx2's point). Then we go add Anger Management sessions join am

samfelly:


It will, indeed, take 2 years (in support with Gabsonfx2's point). Then we go add Anger Management sessions join am

GabsonFX2:
Moved from -120 pips all through last night to 0 pips when I woke up 2hrs ago, and now +130 pips.

If today closes bullish, I will add one more long to this long.

GabsonFX2:
A profitable trader targeting 1% per month would still experience some bad months, say 4 out of 12months: in the long run, it is still a win, a profitable one but it means 4 months win will break even 4months loss, we are left with 4 profitable months = 4%, if similar thing happens in the following year, that's 2 years ish just to pass phase 1 and then phase 2 is waiting.

If similar stuff happens is phase 2, that's another 1year ish, so a total of 3years ish is expected to win for someone looking for 1% using 0.01 lot to get 1000 pips every month.

This I will say is more tensed on psychology when it takes forever just to be funded. Does that mean that trader would not have spent far more than what is expected on data, feeding, contingencies like broken charger, laptop or phone, petrol on gen, or inverter installation and maintenance. How would this person be able to focus with all these challenges?

I could advise between 0.05 - 0.1 max lot per trade on the $10K, with that, you don't need 8000 pips to pass phase 1 only.

Above all, if I see a company that can believe in my skills and obtain a $5M prop account, then I can do the 1% monthly and trade it for 2 to 3years cos with that I know the worth of what I'm dieing for, other than that: it's a waste of time for me.

GabsonFX2:
Today coming to an end, seems gold would close bullish today. 102 pips running currently.