good morning guys and happy new pipful month



please which broker is best for a micro acct and what's the best leverage size to use for a $100 account

Dwayne22:
good morning guys and happy new pipful month



please which broker is best for a micro acct and what's the best leverage to use for a $100 account

Your interest should be more on lot size than leverage.

Don't trade pass 0.01 lotsize and don't enter more than 2 trades at a time.

For leverage 1: 500 should do.

You need to demo trade more to be sure of your strategy and knowledge otherwise you might as well give that $100 to charity.

Happy new month fellow traders.

May this month bring great tidings to us and more pips to our pockets.

Finally it seems gold is coming alive.

I will sit out today's trade though and enter tomorrow if feasible.

Dwayne22:
good morning guys and happy new pipful month



please which broker is best for a micro acct and what's the best leverage size to use for a $100 account

Fxwarrior:


Your interest should be more on lot size than leverage.

Don't trade pass 0.01 lotsize and don't enter more than 2 trades at a time.

For leverage 1: 500 should do.

You need to demo trade more to be sure of your strategy and knowledge otherwise you might as well give that $100 to charity.

The leverage 1:500 is too much for $100 account. I suggest he uses 1:100 for dt low account.

djwalata:


The leverage 1:500 is too much for $100 account. I suggest he uses 1:100 for dt low account.

Big or small leverage does no harm.

What harms traders is lot size in relation to account size.

Fxwarrior:
Happy new month fellow traders.

May this month bring great tidings to us and more pips to our pockets.

Finally it seems gold is coming alive.

I will sit out today's trade though and enter tomorrow if feasible.

Gold should b on its way up considering d chart outlook on daily and 4hrs tf.

djwalata:

Gold should b on its way up considering d chart outlook on daily and 4hrs tf.

"Should" is the word.

I need to be more sure.

Fxwarrior:


Big or small leverage does no harm.

What harms traders is lot size in relation to account size.

It surely does my friend. It helps for winning trades but also does more damages to d losing trades because it gives u d privileges to open more positions.

djwalata:

Gold should b on its way up considering d chart outlook on daily and 4hrs tf.

your chart be like small pikin drawing book

djwalata:

It surely does my friend. It helps for winning trades but also does more damages to d losing trades because it gives u d privileges to open more positions.

We are saying the same thing. Giving one privilege to open more positions, doesn't mean one must open 'more positions'.

More positions is a function of more lot size without consideration to account size.

It's all about discipline.

Am a newbie here and a silent reader

This is my paper trading account for the month of August 2020.

Grew the account from $100,000 to this now.

Fxwarrior:


Your interest should be more on lot size than leverage.

Don't trade pass 0.01 lotsize and don't enter more than 2 trades at a time.

For leverage 1: 500 should do.

You need to demo trade more to be sure of your strategy and knowledge otherwise you might as well give that $100 to charity.

thanks for the advise, i appreciate.


another thing is the dollar naira rate, according to the customer Care she said its presently 465... is there any hope of it going down more maybe I should wait

Dwayne22:

thanks for the advise, i appreciate.


another thing is the dollar naira rate, according to the customer Care she said its presently 465... is there any hope of it going down more maybe I should wait

I don't know about that but you need to also consider what if it rises.

Consult your financial adviser on it.

Keeping an eye on USDCAD

OneMillionBTC:


Doing well.

Just exited at 142.50. Got 220 pips from the trade.

KingPipmarshall:
Buying EurUsd.

Target 1.2 zone.

Target reached. Left money on the table. big mistake

EurUsd trading at 1.2 level looks over bought.

The bears have been showing signs but the bulls are winning.

I'm bullish because it's the overall trend

What are you thinking on EU??

Price reversed to entry after 70pips profit.

Gold has invalidated the level of 1982 for any bearishness.
A good buy would be if price gets to 1975 again but presently Bulls are holding 1987 to go higher, but if the level breaks bears will send price down to 1982/4 at least.

I would prefer to try a buy around this 1988 with 20pips SL and hold for 2050/2100.

saxy4c:
No bro, it's the rejection of the channel bottom trendline.

Not a great trading day today, but we would recover InshaAllah.

Selling Gold 1972 SL 1977 TP 1952

I chickened out on my EURAUD buy and took profit too early.
The profits wasn't bad, so it's ok.

KingPipmarshall:
UsdChf No direction.

Out on all positions

UsdChf, eyeing for a short position.

KingPipmarshall:
EurUsd trading at 1.2 level looks over bought.

The bears have been showing signs but the bulls are winning.

I'm bullish because it's the overall trend

What are you thinking on EU??

I'm still bearish on EURUSD in the short term, but I'll sit aside for the moment.

morgan2pp:
Am a newbie here and a silent reader

This is my paper trading account for the month of August 2020.

Grew the account from $100,000 to this now.

What broker/app is this pls.

Gold buy limit 1968 SL 1963 Tp open

Tonyfx:


What broker/app is this pls.

tradingviewdotcom

Expecting gold to be bearish tomorrow.

100pips up on buy limit, secure trade and let run. Now if price stays above 1973 and closes above 1980 for the day. There are no more bears.
This move was to test the monthly and daily low as suspected. Let's see if there would be a retest of the high and the reaction there.
A great month to us.

saxy4c:
Gold buy limit 1968 SL 1963 Tp open

morgan2pp:


tradingviewdotcom

Ok thanks

Gbpusd 50% sell limit of daily bearish pinbar, SL 1.34955 TP 1.29990

EURJPY 50% sell limit of daily bearish pinbar, SL 127.190 TP 124.260

Tonyfx:
Gbpusd 50% sell limit of daily bearish pinbar, SL 1.34955 TP 1.29990

EURJPY 50% sell limit of daily bearish pinbar, SL 127.190 TP 124.260

You are doing well

Sell GBPNZD 50 percent entry limit

Tp open

XAUTrader4L:
gold closed the week with a higher low, the way i see it there are two scenarios. would consider entering a buy at the pullback from the high for scenario 1 else scenario 2 which would just continue the correction.

seems like it wants to go with scenario 2. a potential lower high is in place.

Buying EURJPY 126.25 SL 126.05 tp 128.25