Shevychen2:


If the person is a new trader just looking to make money for themselves quickly, then yes it could be frustrating.

However, if the new trader is just focused on becoming good and building a good track record, it won't be frustrating. Especially when they have other means of income.

Once he/she succeeds with becoming a consistently profitable and responsible trader, the small account can open doors to big money. Doesn't have to be yours alone.

5 years ago I didn't even have a personal 5 digit dollar trading account but the progress I made since then as a trader means I now comfortably control 7 digits that I don't even know where it came from and I didn't advertise anything. Today, even if I only make 2% a month on average, I can still end the year with a comfortable 5 digit revenue.

Put the process first and the money will surely follow.

athaliya:


If u can keep the lots that size or that low till u have a good equity, yes u can, just dont try to take pips of .7 or 1 yet even in sure trades cus thats where the problem comes from

athaliya:


I was 50% trading signals from realtimeforex.com, I was using 0.01-0.35 lot sizes (crazy on a leverage of 1:100), I did intraday trading, short term trades. Imagine doing 20-50lots per day and mostly trading m1-m15 time frames. made 70 - 120% per day (I made losses too on some days). traded 3-4days per week
I didnt know about candles and trailing stops but I drew charts on an a4 paper and read about market sentiments alot from different sites and major world news.
my biggest mistake then was refusing to close trades that went against me as I didnt believe the market could go from 1.1335 to 1.1445 in one day. I got a margin call at $50, it messed up my head, I began making bad trades and the rest of the money went in 2days.

Fxwarrior:


Do you know how it feels trading 0.05 lots with peace of mind and making $150 within a week comfortably. You won't compare it with making $15 which can lead to boredom after awhile but when your weekly earnings can take care of you comfortably for 3 months. There's no pressure. There's just limitless opportunities.

Let's call a spade a spade not a hoe.

Fxwarrior:


I understand babe. I've been there. The frustration, the depression . 2019 is our year, you'll see.

AK284:






From the account you posted below, I am very comfortable with swing trading,but with what I saw below it seems scraping is the way, I have been working on changing to that lately and with some decent results, I got tied down most time with swing trade, naturally I am a very impatient person and it seem that goes well with scraping, but market has taught me patience the hard way,but with some results I am getting from scraping strategy in the last 3weeks I believe it's the deal!
Surely which ever strategy you use,I think it's very important to know thyself

dominicnuel1:
Just got a new phone to use in learning forex l, dis forex na me n dem. Since 2010 DAT I want to learn till now no money to buy better device bt next year by d grace of God na me n dem.

2019........ time to learn n trade forex

Tunderr:
How Forex Guru bo-bo new traders, talking and giving a lot of bullshit explanation in hindsight LOL.

Tunderr:
How Forex Guru bo-bo new traders, talking and giving a lot of bullshit explanation in hindsight LOL.

Fxwarrior:
I found some great candlestick pattern tutorials on YouTube. Time to refresh my memory.. Join me if you can.

Fxwarrior:


Please tell us how much you started with if it was $100

ayesco202:
Profitable trading seems to be difficult this season.

Obudupikin:


Link pls.

topsyn03:
Hello fellow trader, Pls I need your explanation on this. Pls put me thru how do I calculate this.
Assuming I enter a trade @ 111.370 and I want to calculate 40pips TP and SL. Pls how will I calculate it. Thanks

Fxwarrior:

Are you buying or selling?

topsyn03:
Hello fellow trader, Pls I need your explanation on this. Pls put me thru how do I calculate this.
Assuming I enter a trade @ 111.370 and I want to calculate 40pips TP and SL. Pls how will I calculate it. Thanks

topsyn03:
Hello fellow trader, Pls I need your explanation on this. Pls put me thru how do I calculate this.
Assuming I enter a trade @ 111.370 and I want to calculate 40pips TP and SL. Pls how will I calculate it. Thanks

Fxwarrior:


Since you are selling, stop loss position will be higher than take profit position hence you expect price to fall.

For SL, add 0.400 to market price 111.370 = 111.770

For TP subtract 0.400 from 111.370 = 110.970

Fxwarrior:


Since you are selling, stop loss position will be higher than take profit position hence you expect price to fall.

For SL, add 0.400 to market price 111.370 = 111.770

For TP subtract 0.400 from 111.370 = 110.970