I funded my account yesterday with 5.30$. I want to trade and get a feel of the market.
My goal is to attain 40$ in a month.
PS: I have 4 months experience in trading.

Keep the update coming. I've heard about forex many times but haven't been able to learn. can u provide some resources for me to follow?

The best way to trade forex is through the use of moving averages. Moving averages will reveal to you the behaviour of traders. If you study moving averages well, you will hardly lose in the forex market.

Babara1994:
I funded my account yesterday with 5.30$. I want to trade and get a feel of the market.
My goal is to attain 40$ in a month.
PS: I have 4 months experience in trading.

Good luck

Babara1994:
I funded my account yesterday with 5.30$. I want to trade and get a feel of the market.
My goal is to attain 40$ in a month.
PS: I have 4 months experience in trading.

That money is too small to trade ma'am

With 5$ lol
OK ooh

fados4sure:

That money is too small to trade ma'am

How much is not too small to trade with?

.

Babara1994:

How much is not too small to trade with?

At least $100 is okay though small

newinventions:
The best way to trade forex is through the use of moving averages. Moving averages will reveal to you the behaviour of traders. If you study moving averages well, you will hardly lose in the forex market.

No professional traders that does not lose,we lose some and win some,at the end we are profitable..

sulaimon22:
Keep the update coming. I've heard about forex many times but haven't been able to learn. can u provide some resources for me to follow?

Do you have a start up capital?if yes WhatsApp me via my signature I will send you some videos

Babara1994:
I funded my account yesterday with 5.30$. I want to trade and get a feel of the market.
My goal is to attain 40$ in a month.
PS: I have 4 months experience in trading.

5 dollars deposits? And you want to make 40dallars a month?sorry to say you already setting urself up for failure with such target..And you just said you only have 4months trading experience, meaning you started during this pandemic. You have not even see the real forex market yet and you want to start making over 1000 percent monthly.. Pls don't comeback to tell us how forex is bad o,like one guy whom after losing 10dollars came here to create a thread claiming forex is bad...I started forex in 2002,it's took me 6 years before I became profitable.. Goodluck to you anyway

Notatribalist:
4 dollars deposits? And you want to make 40dallars a month?sorry to say you already setting urself up for failure with such target..And you just said you only have 4months trading experience, meaning you started during this pandemic. You have not even see the real forex market yet and you want to start making over 1000 percent monthly.. Pls don't comeback to tell us how forex is bad o,like one guy whom after losing 10dollars came here to create a thread claiming forex is bad...I started forex in 2002,it's took me 6 years before I became profitable.. Goodluck to you anyway

I dont know what she wants to achieve.. Forex is not scrabble but if she can gamble, she may be lucky to hit 40$ but she should not complain when the 5$ dissappears.

Babara1994:
I funded my account yesterday with 5.30$. I want to trade and get a feel of the market.
My goal is to attain 40$ in a month.
PS: I have 4 months experience in trading.

U for use this money gamble binary..

just passin'

Interesting comments here. Everyone is considering the monetary aspect, no one is considering the health aspect.

How can a newbie just invest 44k in something she knows little about? That's high blood pressure.

You guys can go ahead and start with all your savings; as for me, 5$ is a good start. Thank you

showafrica:


U for use this money gamble binary..

I don't gamble

showafrica:


I dont know what she wants to achieve.. Forex is not scrabble but if she can gamble, she may be lucky to hit 40$ but she should not complain when the 5$ dissappears.

I won't complain. 2,500 naira is chicken change

showafrica:


U for use this money gamble binary..

I Swear

Babara1994:
I funded my account yesterday with 5.30$. I want to trade and get a feel of the market.
My goal is to attain 40$ in a month.
PS: I have 4 months experience in trading.

Hmm. $5 deposit?

No shaa use big lot size, maintain your level

Babara1994:

I won't complain. 2,500 naira is chicken change

Why not just send 5 people N500 each, the blessings they will shower on you we pave better ways for you than throwing it away. At 0.01 lot, one open negative trade will OFF it. Why the waste. If its chicken change, dash it out... If you want to practice forex use demo

showafrica:


Why not just send 5 people N500 each, the blessings they will shower on you we pave better ways for you than throwing it away. At 0.01 lot, one open negative trade will OFF it. Why the waste. If its chicken change, dash it out... If you want to practice forex use demo

Lol
I can take two trades simultaneously and still have more than half my account intact.

Babara1994:

Lol
I can take two trades simultaneously and still have more than half my account intact.

By Monday, i want to see your equity, may be i will borrow you so that ur blood pressure no go pass 130/80

Babara1994:
I funded my account yesterday with 5.30$. I want to trade and get a feel of the market.
My goal is to attain 40$ in a month.
PS: I have 4 months experience in trading.

Money you shuld have use to buy suya n enjoy ur life...

OP please don't listen to anyone here, Yeah they might be highly experienced and profitable but no regard them. If they want to give you advice, They'll render it. The way I see it, they just discouraging you. Even if u blow the acct, take it as a lesson. Back test and improve on your errors.
Only risk 1% of ur acct which is 0.053$. Quite unrealistic but know it. You make error, learn from it. Take emotions out if it. You should never get emotional but try to use an amount which on a normal basis you'd feel if u lost, that's how u improve ur psychology to remove emotions out of it if at all you loose the money. No trader now that is profitable didn't make a mistake, infact they made many mistakes. I've seen traders that become profitable(I mean $14000 monthly profitable) just after 2yrs because they are in hands of good mentors and they put the work in and have stable mentality and psychology, while some take decades before becomingly profitable (like notatribalist said it took him 6yrs).

So miss OP, focus on ur psychology, learn, read books and make mistakes, back test and improve. No let another person success measure yours. Them done do their own mistake and have put the work and time in to improve. Na your time now, get it

Babara1994:
I funded my account yesterday with 5.30$. I want to trade and get a feel of the market.
My goal is to attain 40$ in a month.
PS: I have 4 months experience in trading.

Avoid gold pairs sha... Some brokers self won't even accept trades on that equity

showafrica:


I dont know what she wants to achieve.. Forex is not scrabble but if she can gamble, she may be lucky to hit 40$ but she should not complain when the 5$ dissappears.

It's normal for every forex trader to loose some money along the way...it's all part of the game

Besides $5 is not a lot if money

ForexChiefPries:


It's normal for every forex trader to loose some money along the way...it's all part of the game

Besides $5 is not a lot if money

Knowing that 0.01 is the minimum lot and cannot carry 5$, she is practically gambling. A pro needs 200$ for 0.01 lot to be successful. Babara pls show ur equity...

Emmysky:
OP please don't listen to anyone here, Yeah they might be highly experienced and profitable but no regard them. If they want to give you advice, They'll render it. The way I see it, they just discouraging you. Even if u blow the acct, take it as a lesson. Back test and improve on your errors.
Only risk 1% of ur acct which is 0.053$. Quite unrealistic but know it. You make error, learn from it. Take emotions out if it. You should never get emotional but try to use an amount which on a normal basis you'd feel if u lost, that's how u improve ur psychology to remove emotions out of it if at all you loose the money. No trader now that is profitable didn't make a mistake, infact they made many mistakes. I've seen traders that become profitable(I mean $14000 monthly profitable) just after 2yrs because they are in hands of good mentors and they put the work in and have stable mentality and psychology, while some take decades before becomingly profitable (like notatribalist said it took him 6yrs).

So miss OP, focus on ur psychology, learn, read books and make mistakes, back test and improve. No let another person success measure yours. Them done do their own mistake and have put the work and time in to improve. Na your time now, get it

look at your advice, risking 1% of $5 is what?

Better you open a look for brokers that allow trading in cent. You will never learn anything with $5 account

Babara1994:
Interesting comments here. Everyone is considering the monetary aspect, no one is considering the health aspect.

How can a newbie just invest 44k in something she knows little about? That's high blood pressure.

You guys can go ahead and start with all your savings; as for me, 5$ is a good start. Thank you

U are right, dem no dey use 2 leg take dey test river weather e deep


Your decision to start with 5$ is good

kalu61:
look at your advice, risking 1% of $5 is what?

Better you open a look for brokers that allow trading in cent. You will never learn anything with $5 account

I know that, That's why I said it's quite unrealistic to risk 1% of $5. Normally, traders are advised to risk 1-1.5% of their acct I.e on a 1000$ acct, risk no more than $10. I usually risk 10% tho I'm still learning on a demo. Everyone with their principles.. if it works, stick to it. If it fail, backtest and improve