Geovanni412:



A trader with a stop loss of 5 pips will have a higher lot size than a trader with a stop loss of 50 pips.

A trader working on eurusd will calculate his risk differently from a trader working on gbpjpy.

So, even if I explain eurusd calculation for you...you go still need to learn how to work on others

Best to get an fx calculator app for when you decide to work on multiple pairs..

For eurusd, lot size = risk/ (no of pips *10)




If your entry is at 1.067 and stop loss at 1.070,

That is about 30 pips

Risk of 1% on 10k acct is $100

Lot size = $100 /(20*10) = 100/200 = 0.5 lot

Risk to reward:

No right answer to that...it all depends on ya reading of the chart and where you think it gets to.

The wider your stop loss, the less your chances of getting 1:2 risk reward in a day

Market rarely overshoots it's average range in a day.

A person trading with 5-10 pips will regularly have 1:2 risk reward games in a day compared to a trader running 40 pips as stop loss but the first guy is more likely to lose more as well depending on his risk mgmt.

cescky:
big boys in the house help a brother out

if i have a 100k account as an example and i want to risk 1% which is 1000k

how do i also calculate a lot size appropriate for this 1,000k.....

if i want to trade using ratios 2;1,....how do i determine an appropriate lot size to use, help me out please......

trading eurusd

samfelly:
Ernesco0816517, abeg, quickly send me your Darwinex's account Investor's login details make I look through, before this place ignite with vawulence again. Thank you. [

kozmicity:
Why I believe UJ will most likely fall despite the spike. I won't be looking to enter unless I'm given perfect confluences.

Geovanni412:



A trader with a stop loss of 5 pips will have a higher lot size than a trader with a stop loss of 50 pips.

A trader working on eurusd will calculate his risk differently from a trader working on gbpjpy.

So, even if I explain eurusd calculation for you...you go still need to learn how to work on others

Best to get an fx calculator app for when you decide to work on multiple pairs..

For eurusd, lot size = risk/ (no of pips *10)

If your entry is at 1.067 and stop loss at 1.070,

That is about 30 pips

Risk of 1% on 10k acct is $100

Lot size = $100 /(20*10) = 100/200 = 0.5 lot

Risk to reward:

No right answer to that...it all depends on ya reading of the chart and where you think it gets to.

The wider your stop loss, the less your chances of getting 1:2 risk reward in a day

Market rarely overshoots it's average range in a day.

A person trading with 5-10 pips will regularly have 1:2 risk reward games in a day compared to a trader running 40 pips as stop loss but the first guy is more likely to lose more as well depending on his risk mgmt.

cescky:
big boys in the house help a brother out

if i have a 100k account as an example and i want to risk 1% which is 1000k

how do i also calculate a lot size appropriate for this 1,000k.....

if i want to trade using ratios 2;1,....how do i determine an appropriate lot size to use, help me out please......

trading eurusd

Ibrahimlagosian:
If I can achieve the 10% before next week,am I getting the FTMO 10k account instantly after the review?

Ibro, himself, nothing do you. Just make the 10%, first, while you observed the rules. Gracias

LincolnOnyeabor:
Gold throughout today just doing like all these Pregnant women with their Cravings.


One minute it's selling, the very next it's buying.

Even GU come follow am dey dilly dally.

Puremark:
Gold just dey range since morning.

samfelly:


Ibro, himself, nothing do you. Just make the 10%, first, while you observed the rules. Gracias

Geovanni412:


My sl for both is the same distance

Sl for buy is 1922.

If buy hits 1962 and it's bearish, that's fine by me.

Goal is to minimize drawdown not to make profit.

. I can't control making profits but I can control my drawdown level.

Profit will come when it comes

yetown:



FX Calculator

Geovanni412:


Thanks for this, @cescky, ask him for more details about the app name and how to use it.

kozmicity:


GU didn't get picked. GJ has hit both TP's

kozmicity:
Gold, US30 and US100 buy setups. I might fashi the gold sha, but the indices are looking solid to me and only if they retrace back to my level.

Davigle:


Na because market dey do press up naw. im dey wait for CPI 2mao, make e con show shege banza...

Elliotwaveforec:

Wow! The chart patterns screaming sell.

kozmicity:


US30 and US100 are stalling but Gold is retracing pretty good so I've set my limit order and hoping for the best.

Geovanni412:


Limit buy order on Gold?

Why not go for buy stop order instead on gold?

I exited my buy order, will only re-enter gold if it gets to 1952.

I still consider it bearish with targets from 1900, 1880, 1830.... depending on cpi results.

But if it gets to 1933 and goes dangerously flat, I'll exit all sells and wait for a while before taking next decision.

samfelly:
Geovanni412, why USDZAR on Fundednext's broker (GrowthNext) get one kind long bearish candlestick and other brokers like Thinkmarkets (used by TFT) no get am?

ernesco0816517:


Boss good morning,don't know if u have seen the investors password I sent you??

Lol Seen now. Found all in SPAM folder. Thanks

samfelly:


Lol Seen now. Found all in SPAM folder. Thanks

samfelly:
Geovanni412, why USDZAR on Fundednext's broker (GrowthNext) get one kind long bearish candlestick and other brokers like Thinkmarkets (used by TFT) no get am?