PIPsharingan:


Boss Surveycash,

Awesome advice, I am looking into the two or one week break as this new month elapses.. I have also reduced my risk

Thanks once more

Happy Slashing

currentprice:


I agree with you prof.

Thanks chief.

fxbomovi:
@pipsgaringan, i suggest u review your system, if possible, allow your trades to hit tp or sl. Most of your trades would have been hitting tp if you dont close manually. Your risk is always low, so why the rush to close manually. Just an advice bro.

currentprice:
@PIPsharingan

i feel you brother,,,,especially your 100% transparency

but with two consecutive week of bad trades (0% accuracy),,, don't you think its time to change your system.

^{_{may be you should do away with those EMA & STOCHASTIC}}

mealdred:
Is another training going to hold in lagos? Cos am interested

oluwafreshkid:
During my own time for unilorin ehn... we celebrated EFCC results.
Lol.
Only geniuses had ABA or BABA or CAC

..DAFE

abbey621:


#1: I've been trading Forex, Commodities and Indices for over 4 years so I doubt if you could ever trade better than the way I trade.

#2: No Forex system is 'fail proof', sooner or later they become outdated [b]and your money goes down the drain. [/b]There's no substitute for excellent fundamental and technical analysis!

Thanks anyways!

Optimisticgondy:
Your calculation may be applicable to major currency pairs like EU and GU. Pip Values for Crosses vary. On Standard account, 1 lot of EU, GU and some major pairs can be $10 per pip, but it will not be up to $10 per pip on Crosses

Optimisticgondy:
Your calculation is somehow long, why not just use the below formula instead;

Lot Size: Amount to Risk/Pip Value of Currency pair per 1 Lot/ Number of Pips

If on ECad, pip Value is $7.7 and I'm to risk 5% of $1000 account on 40 pips, lot size to use will be gotten thus;

5% of $1000 is $50

Therefore,
Amount to risk then is $50
Pip Value of ECad is $7.7
Number of Pips is 40 pips

Lot Size= $50/$7.7/40
= 0.1623
= 0.16 approx. to 2 decimal places

The best formula for me is,

Amount to risk/Pip Value of Currency Pair per 1 Lot/Number of Pips

teejaysmarty:


Hello bro , i dont think i need an answer nor did i ask any question. i only created a simple calculator. The calculator can calculate any pip value of
any market trade whether Standard or mini size account. just plug in your values and you will be able to calculate you pip value.

Another simple example is this:-


Position size = ( Account Size x Risk Amount (%) / (Entry price - Stop Loss )

if Account size = £2000
Risk limit = 3%
Account Risk = £60 (3% of £2000)
Stop Loss = 50pips ( 1.2550 - 1.2500 for a LONG trade)
Position Size = £60/50 = £1.2 per point

Which means every pip made will be equal to £1.2 .

50pips = £1.2 x 50 = £60

I rest here

teejaysmarty:

Thanks bro the pip value is on the 8th row(horizontal) if you take a second look.
So in my example , in Column 1 every pip you make will be equal to 0.5 (if 20 pips is made ,it will be 20pips x 0.5 which will give you $10)

Cheers!

teejaysmarty:
MONEY MANAGEMENT CALCULATOR ( for new Traders and Old as well).

Below is a simple Calculator you can always use before you take a trade so as to know what percentage you are risking for the Trade. i attached it and also took a snap shot. If you have Microsoft office you can open it but if you dont then you can view directly.

Cul4real:
Please what is different between buy/sell limit and buy/sell stop? Thanks.

Edd1e:
ALERT! ALERT!! ALERT!!
BUY BUY BUY.... SELL SELL SELL..LOL...
Still looking for the pair to BUY and SELL....

Are you O....., Make I no start season 2 here

meshpips:
I will open a small account and trade it for 60 days.

The investor login details will be made public.

Here is an open challenge to Seun Osewa.

If what you see me do with the account is not impressive, then go ahead and delete all FOREX threads on Nairaland.

I stand to represent the FOREX trading community here on Nairaland and prove to the public that one can make legitimate money consistently trading price fluctuations in the finance market.

currentprice:


after the 2 month,,, i will open new acct with $1000 to trade openly here and see how much it gain within 3 month.... ^{forex is a real business}

_{^{let us know when you start the project}}

naijababe:



. Na today?!

Make I go back into my hole.

Had to look twice if it's not double 'e'.

Welldone ma.

adeniyia33:

Nice man, keep ds up

surveycash:
Better late than never.

Would be holding a 1hr money management free session 2mrw @
Suite 111, 1st floor,Obum Place, Plot 1140, No. 16, Adetokunbo Ademola Crescent,Before DSTV office,Wuse2, Abuja

If you couldn't answer the last question on lot sizing, this is for you.

surveycash:
Better late than never.

Would be holding a 1hr money management free session 2mrw @
Suite 111, 1st floor,Obum Place, Plot 1140, No. 16, Adetokunbo Ademola Crescent,Before DSTV office,Wuse2, Abuja

Kizyte:
Ntel SIM is now available at Transcorp Hilton Hotel, Abuja.

See attached screenshots below:

Edd1e:
Gradually moving this pair 'AUDUSD' to my *PAIRS HATE LIST*, It just doesn't obey simple rules

jayonline:
Please i need a guide on Forex.
Who can help?

I always get banned for 5 days or more trying to help answer this sort question. . Go to my profile and click on my topics. You will see "Do it yourself forex trading course free". Babypips . com is also good.