TradingMaestro:

Leverage, different take profit level
sometimes just for fun

mohd001:


so i be JJC abi? you'd better go withdraw ur trading fund and buy biscuit b4 u go blow it out!

Abambam:


Today's intraday.

Also started 1/4 live account today, to simulate emotion.

boom99:
My eyes on USDCAD

haryodehjia:


Good trade but u r over leveraging ur account..

boom99:


Yes. Na demo. And I enter a trade when I am 90% sure

haryodehjia:


Okay but still try to apply proper risk management cos when u go live u might find it hard to trade small lots

boom99:



My brother that's the issue. I will reduce 700dollars(demo) soon. Then use a small lotsize to see how I can raise it. I have done this multiple times (700 to 1000 in 2weeks) with same strategy.

haryodehjia:


Demo
Maximum lot 0.02..
Patience is the key

boom99:



My brother that's the issue. I will reduce 700dollars(demo) soon. Then use a small lotsize to see how I can raise it. I have done this multiple times (700 to 1000 in 2weeks) with same strategy.

infofirst:


Those advising wanted the best for you bro. Try to pay attn. So that you do not join others that will say fx na scam.

infofirst:


Those advising wanted the best for you bro. Try to pay attn. So that you do not join others that will say fx na scam.

haryodehjia:

Help me tell am o

boom99:



I will use Small lotsize soon to practice. Make I just dey enjoy d big lots small

ProsperoTrading:


Don't wreck your psychology bro.

Decide how much you will start live with and use that same amount for your demo.

Small live money isn't a problem anymore, cos you can convert it to cent account and trade it normal.

5 usd live ACC will be a whopping 500 cent

dennison4luv:
Honestly let's run away from big lot size especially in a volatile market like gold and others, the temptation is too much, as a person you need money, so that greediness is in every human being. Every body loves money. Big lots size has dealt with me severally and it is still dealing with me. I have lost more than $2300 in live account just because of big lot size, I want to pack all the money in forex trade and I don't know that they set big trap for me.

And for the newbies try and use cent account to grow your money before going to dollar account Cent account will help you a lot even if you increase your lot size a bite........

To the elders in the house please how can I discipline my self from big lot size. Big lot size don finish me. I have sheared tears � at the middle of the night just because of before big size lot. Please you guys should help me

haryodehjia:


Much reason why forex and bets are synonymous is cos most of us stake or trade what we can't afford to lose

infofirst:
Sold Gu and Gj at 1.3700 & 142.10 respectively, 1.3600 & 141.10 tp. 100 pips sl....

dennison4luv:
Honestly let's run away from big lot size especially in a volatile market like gold and others, the temptation is too much, as a person you need money, so that greediness is in every human being. Every body loves money. Big lots size has dealt with me severally and it is still dealing with me. I have lost more than $2300 in live account just because of big lot size, I want to pack all the money in forex trade and I don't know that they set big trap for me.

And for the newbies try and use cent account to grow your money before going to dollar account Cent account will help you a lot even if you increase your lot size a bite........

To the elders in the house please how can I discipline my self from big lot size. Big lot size don finish me. I have sheared tears � at the middle of the night just because of before big size lot. Please you guys should help me

Abambam:
I'll discontinue the demo this week and focus on the live acc.

Abambam:

Today's intraday.
Also started 1/4 live account today, to simulate emotion.

Abambam:
Are we going to get minor intraday correction on NZD pairs soon? before possible continuation tomorrow.

highcurrent:
That is why forex trading is a journey,not a Sprint or get rich quick schemes.

One should treat his trading account as business not gamble. Treat as an investment account or retirement savings account.

Trading is about discipline and following laid down rules. No matter how favourable the situation is, always stick to the rules.

It is simply greed, that makes one uses bigger lotsize without considering the account size.

As a trader, practice position sizing. As a newbie, stick to maximum of 0.01 on a $100 account size. Only veterans should be using higher lotsize on a $100 account.

I think under normal circumstances, this below should do for newbie;

Maximum of; 0.01 for $100
0.02 for 200
0.03 for 300 and so on.

PRACTICE POSITION SIZING
SHUN GREED
DISCIPLINE AND PATIENCE MAKES A TRADER

Donvic4u:


U trade without confirmation too?
Or what's the basis of your sell?? Pls would love to see

Theyoungmaster:


I took a look at his trade call. For GU, I think the area he placed a sell is a value area. Confluence of Order block, monthly resistance, and trendline. Coupled with the fact that price was dumped around same area last Friday. It's a good call.

That's what I'm seeing from my own end.