Thunday1005:
Is this your first challenge ?

If yes

I will suggest you go for $50 to $500 first
Just to gain some confidence n go for higher challenge.

Also try to make use of your strategy on other time frame maybe 15m n 1h and see the result,
It not easy trading on 1m TF based on your schedule also due to false move,
But if you are very good with it you can stick with it .

Wish you success bro.

Lordfave98:
Please I just started trading on forex, demo of course but please how do I place a stop loss and my take profit. I use MT5

JAkpayen:


Do this when placing your new order. You see "Stop Loss" and "Take Profit" just below the lot size or volume.

Alternatively, do a YouTube video for guide

Lordfave98:
Please I just started trading on forex, demo of course but please how do I place a stop loss and my take profit. I use MT5

Zamanda:


Alternatively, join us here; https://www.nairaland.com/6340195/forex-trade-alerts-season-21/258#105400556 to ask your fellow struggling traders, more questions. And also learn from their vast knowledge, everyday.

Modified: Oh, I see you were there already.

samfelly:
Let me first of all tag those whose steps I am following;

Netvaluefx - https://www.nairaland.com/6479984/12-months-forex-challenge

Zamanda - https://www.nairaland.com/6703747/3-months-forex-challenge

Although, Netvaluefx was the first person that I saw who did it in his challenge and I mentioned to him I will do something like dis with $24 to $1,000.

But, unfortunately, I blew that $24, in less than 2 weeks.

Recently, when I saw Zamanda's $50 to $5,000 challenge (though not yet started, just his post), who, ironically, drew his inspiration from Netvaluefx's recent challenge, also. I decided dis is a good one too. So, instead of my former $24 to $1,000 spoken goal to Netvaluefx, I will be using $50, thus the amount deposited today (pictures attached).

Trading starts on the 1st of September, 2021.

Please, kindly follow the story in my fxblue account (see signature).

samfelly:


50 and 200.

Do you have any suggest in that department?

samfelly:


My broda, me, too, don see say I don bite wetin I no fit chew.

Right now, Eminem song (I Need a Doctor, lyrics attached below) has been on steady repeat o.

I am losing my mind already, cos doubt has crept in. I have not even taken any trade since o. Just watching Mr. Market RUNNING Up, RUNNING Down.

I really need that sort of HOPE Eminem yearned for in his song

aumusa:
Extremely possible op
Just have a trading plan,
A good entry exit strategy,
Good money management, and you're good to go, I'll be glued to your thread to see how u fare, wish you all the best, and do post analysis entries, exits and results here, this thread is a perfect place for a trading journal. Ciao

fashionnisir:
Lol just set you stoploss you are in the trade simple, pick your TP manuelly based on your R and S zones

samfelly:


Okay

fashionnisir:
I didn't get any PM from your email , pls kind response now, so i can write you

samfelly:


I did replied the first one. And I just replied again

Lordfave98:
Please I just started trading on forex, demo of course but please how do I place a stop loss and my take profit. I use MT5

PortHardcore:


Crypto is better than Forex

NetValueFX:

Good luck to you. Impossible is nothing,! Considering your account size, avoid Gold or crypto. Especially BTC. Pick the very best trades as there are limited room for errors.
Finally, ask yourself why you blew the 24usd. Actually, it was more than 24usd because you grew that account. All things being equal. Your dreams are obtainable it doesn't matter how many times you fail, failing is actually part of what makes a good trader.

rainlover:
why avoid gold and crypto, is there a specific reason for that?