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Using 5 standard lot for an account not even up to a thousand dollars. Your money management which is the most important in forex trading is questionable. You gonna blow ppls money in no distant time.

I want to learn but I can only afford to try and fund the trading account with just 250$ so I don't know far from you as you are requesting for a start up of 500$

douchesnozzle:
Using 5 standard lot for an account not even up to a thousand dollars. Your money management which is the most important in forex trading is questionable. You gonna blow ppls money in no distant time.

Using 5 lot size on that account is not too much. That was a very sure trade but still with Instaforex broker, if that trade had gone against us, the loss would have been $65 - $75. We set Take Profit at 100 pips meaning we expect $500 as profit from that trade and from the screenshot, its almost getting there. Its making over $350. If you check the stop loss, you will see its already adjusted. So, there is no way that trade will not make some profit even if it reverses.

Now, this is what we do. Anytime we enter trade, once the trade goes beyond our entry level, we adjust the stop loss to meet the entry level. This way, even if the trade reverses, there will be no loss at all. We leave the trade to get to 100 pips profit. We keep adjusting the stop loss.

We entered the trade at 1.2661. As the trade continued to go in our favour, we kept adjusting the stop loss. With this, if the trade reverses, there will still be some profit.

dungas30:
I want to learn but I can only afford to try and fund the trading account with just 250$ so I don't know far from you as you are requesting for a start up of 500$

You are welcome. We will train you Free of Charge. You can start with $250 but you have to use our preferred broker. You can contact us to get started as trading begins on Monday.

Stars11:


Using 5 lot size on that account is not too much. That was a very sure trade but still with Instaforex broker, if that trade had gone against us, the loss would have been $65 - $75. We set Take Profit at 100 pips meaning we expect $500 as profit from that trade and from the screenshot, its almost getting there. Its making over $350. If you check the stop loss, you will see its already adjusted. So, there is no way that trade will not make some profit even if it reverses.

Now, this is what we do. Anytime we enter trade, once the trade goes beyond our entry level, we adjust the stop loss to meet the entry level. This way, even if the trade reverses, there will be no loss at all. We leave the trade to get to 100 pips profit. We keep adjusting the stop loss.

We entered the trade at 1.2661. As the trade continued to go in our favour, we kept adjusting the stop loss. With this, if the trade reverses, there will still be some profit.

First of all I understand ur concept of adjusting ur stop loss. I do that also most of my trades I use trailing stop losses. Also there is nothing as a sure trade please. No matter how well you analyze the market, the market won't move in a straight line in that direction there must be pull backs henc my concern with the big lot size. Also setting take profit at 10pips am very sure the original stop loss would be nothing less than 20 pips before the adjustment. The risk reward ratio is high. If you are a scalper and don't intend staying too long in d trade then ur strategy is ok. Also as regards instaforex I LL like to know how tight thier spread is. Hope am not derailing ur thread. Cheers.

douchesnozzle:

First of all I understand ur concept of adjusting ur stop loss. I do that also most of my trades I use trailing stop losses. Also there is nothing as a sure trade please. No matter how well you analyze the market, the market won't move in a straight line in that direction there must be pull backs henc my concern with the big lot size. Also setting take profit at 10pips am very sure the original stop loss would be nothing less than 20 pips before the adjustment. The risk reward ratio is high. If you are a scalper and don't intend staying too long in d trade then ur strategy is ok. Also as regards instaforex I LL like to know how tight thier spread is. Hope am not derailing ur thread. Cheers.

There are trades you are over 90% sure where they will go. There are some, you are over 80% sure. There are some others, you are 70% sure, 60%. But even when one is 90% sure, you should be mindful of losses just in case it doesn't go that way.

What we also do is that for that trade opened with 5 lot size. If it had made loss, we will reduce our lot size to 3 or 2 or 1 in subsequent trades. We don't use 5 lot size for that account size continuously like that.

The risk/reward ratio is OK. In that particular trade, the risk of loss was $65-75. The reward for profit was $500. Which is higher? Of cause, the reward. But in case, the trade losses, subsequent lot size will be reduced to 3 or 2 or 1.

For Instaforex broker, their spread for major pair is 3. You can visit their site and check out the spread - www.instaforex.com

Stars11:
Forex is the Buying and Selling of foreign currencies online. When you exchange Naira for Dollar or Naira for Pound, etc, you are doing forex. It is a very legit and good business you can do online and make money.

Sometimes, making money from forex can be very difficult for some people. Some people have wasted their hard earned money trading forex.

This is the reason we are offering this service; first of all to promote some forex brokers that we partner with and also to assist those that are eager to venture into forex and earn consistent income.

So, if you like to earn money from forex, you can join.
Even if you do not know anything about forex but you just want to earn extra money from it, you are also free to join.

How Do I Start?

First of all, you have to open forex account with our own preferred forex broker or you can stick with the one you prefer. After opening account, you go ahead and fund it. After funding, you can contact us to start trading for you. As we trade, you can be checking your account. Anytime profit is made, you are free to make withdrawals. You are the only one that can withdraw. The account and all money in it belongs to you.

If you join our preferred forex broker, you can start with $50 and above.

If you want to stick with your own broker, the minimum we accept is $500 and above.

If you like to join, just contact us. We will direct you on how to register and fund your forex account. As you may know, nobody can steal or withdraw any money from your forex account. The access you are granting us is just to trade on your behalf.

How Much Can I Make Monthly:

With $50 which is about 20,000 naira because of buying exchange rate. Every month, you will be earning 50% - over 100% profit which is about 10,000 naira - 20,000 naira. The more you start with, the more you can make.

We manage accounts with great care. We always try to limit losses as much as possible and maximise profit.


Profit Sharing Formula:

If you use our preferred broker, profit sharing ratio is 70/30. You get 70% share of any profit made and you send us 30%.

If you like us to use your own preferred broker, profit sharing ratio is 50/50. You get 50% and send us 50% share of profit.


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Screenshots of Accounts

Below are some of our clients accounts being managed by us. You can check the date on them. They are recent. Just on Friday, yesterday, over $100 profit which is about 35,000 naira was recorded.

whats like your leverage level

Stars11:


Using 5 lot size on that account is not too much. That was a very sure trade but still with Instaforex broker, if that trade had gone against us, the loss would have been $65 - $75. We set Take Profit at 100 pips meaning we expect $500 as profit from that trade and from the screenshot, its almost getting there. Its making over $350. If you check the stop loss, you will see its already adjusted. So, there is no way that trade will not make some profit even if it reverses.

Now, this is what we do. Anytime we enter trade, once the trade goes beyond our entry level, we adjust the stop loss to meet the entry level. This way, even if the trade reverses, there will be no loss at all. We leave the trade to get to 100 pips profit. We keep adjusting the stop loss.

We entered the trade at 1.2661. As the trade continued to go in our favour, we kept adjusting the stop loss. With this, if the trade reverses, there will still be some profit.

so your SL pip value is 5-7 pips, wow that's kind of risky cos your SL position can be easily hunted for by the manipulators(big players).

secondly setting ur TP to a 100 pips can be achievable or may be not. there are structures that are going to hinder your target some of the time or tell me how do you achieve your 100 pips target on every trade, or do you just set target and wait till it get hit or something?

thirdly, your use of leverage is to high, how can you use 5 standard lot on $500 account, 5 to 7 move against you and your money is gone.

please am only curious, no pun intended

richysam:
so your SL pip value is 5-7 pips, wow that's kind of risky cos your SL position can be easily hunted for by the manipulators(big players).

secondly setting ur TP to a 100 pips can be achievable or may be not. there are structures that are going to hinder your target some of the time or tell me how do you achieve your 100 pips target on every trade, or do you just set target and wait till it get hit or something?

thirdly, your use of leverage is to high, how can you use 5 standard lot on $500 account, 5 to 7 move against you and your money is gone.

please am only curious, no pun intended

Please, there is no need repeating this. Everyone develops their winning strategies. If you decide to set 50 pips stop loss and 50 pips take profit, that is for you, OK. If its working for you, nobody should contest that. In forex, its about what works for you.

For us, we set stop loss at 13 - 20 pips. Take profit at 80 - 100 pips. We leave the Take Profit to take there while we keep adjusting the Stop loss level to ensure the trade does not loss even if it reverses.

I didn't say we use 5 lot size on account of $500. I was talking about the profit that will be made from that trade. You can see the first screenshot there having about $600, we used 2 lot size to trade.

richysam:
whats like your leverage level

We use any leverage to trade. Leverages are set by the owner of the account. We can use 1:50, 1:100, 1:200.

It seems you are expert. I have an interest in forex. I will contact you as soon as I have the money.

Stars11:



Please, there is no need repeating this. Everyone develops their winning strategies. If you decide to set 50 pips stop loss and 50 pips take profit, that is for you, OK. If its working for you, nobody should contest that. In forex, its about what works for you.

For us, we set stop loss at 13 - 20 pips. Take profit at 80 - 100 pips. We leave the Take Profit to take there while we keep adjusting the Stop loss level to ensure the trade does not loss even if it reverses.

I didn't say we use 5 lot size on account of $500. I was talking about the profit that will be made from that trade. You can see the first screenshot there having about $600, we used 2 lot size to trade.

cleared, thank you.

I'm in

richysam:
so your SL pip value is 5-7 pips, wow that's kind of risky cos your SL position can be easily hunted for by the manipulators(big players).

secondly setting ur TP to a 100 pips can be achievable or may be not. there are structures that are going to hinder your target some of the time or tell me how do you achieve your 100 pips target on every trade, or do you just set target and wait till it get hit or something?

thirdly, your use of leverage is to high, how can you use 5 standard lot on $500 account, 5 to 7 move against you and your money is gone.

please am only curious, no pun intended

I get your strategy and position really really well. I can't do what Stars11 is talking about. I'll lose more.

At OP, you are just like me, aggressive trader. The strategy might be working now. It still needs more time to be proven to be called a strategy.

What we are talking here is price movement, no one can predict most times.

You could still achieve a good profit with 0.5-1.0 lot sizes. And your timeframe of trading also matters with the commodity or currency you are trading.

I know for you to say you are sure, it's either you adopt fundamental or technical analysis.

Anyways, just watch your back, the bulls and bears ain't friendly.

Best in your trading!

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Celcius:


I get your strategy and position really really well. I can't do what Stars11 is talking about. I'll lose more.

well it's her strategy, she understands it better than we do. Best of luck to her

Over $200 profit made today. That is over 70,000 naira profit made. This is screenshot of one of the forex accounts we manage.

Over 70k profit in a day. Profit made on one of our clients account we are managing.

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Hi

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