And the end result in the near future : url image image image

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you are welcome martinez1. I wish you all the best in your endeavor and hope to see you rich in the near future. Don't ever give up and don't let anybody ever discourage you. It is very much doable for achievers who keep trying.. it just requires ...

Rags to Riches in 10 or 20 Trades - Simplicity at its finest

just to add : If you are wanting 1 pip = $1 then you need to trade 0.10 lot (10,000). Instead of 16 try 1.6. It will solve your lot issue and margin required will be around $320.

Rags to Riches in 10 or 20 Trades - Simplicity at its finest

pepperstone does not have mini accounts or mini lots. hence your account is standard lot where 1 full lot = 100,000 units. If your leverage is 1:500 then the margin money for 1 lot will be around $200. For 16 lots the margin required is $3200. Hope ...

Rags to Riches in 10 or 20 Trades - Simplicity at its finest

You have mentioned Risk:reward = 40 pips : 80 pips. State the $ amount for 40 pips and also which pair and I will tell you the lot size you require to trade.

Rags to Riches in 10 or 20 Trades - Simplicity at its finest

Just to add and explain how I do it. I don't risk my whole account. I start off with 0.01 lot for each pair I trade risking around $2 for a gain of $5 or more. If the trade is a winner then the next trade for that pair is 0.02. If this is a loser ...

Rags to Riches in 10 or 20 Trades - Simplicity at its finest

If i don't have more than 3 consecutive wins, any way I try it doesn't help much. Hence I have made modifications to get the same desired results. My risk:reward ratio > is 1:2.5 . I don't get more than 30% of my trades hitting my target. Around 35% ...

Rags to Riches in 10 or 20 Trades - Simplicity at its finest

I have personally been trying this with little modifications of my own for the last 18 months but have never had more than 3 consecutive wins so far.

Rags to Riches in 10 or 20 Trades - Simplicity at its finest

Lot size is not difficult to calculate. For pairs like EU , GU , NU , AU , etc where 1 pip value = $10 for 1 full lot , $1 for 0.10 (10,000) and $0.10 for 0.01 (1000). As you say you are risking 40 pips for a reward of 80 pips then If you are ...

Rags to Riches in 10 or 20 Trades - Simplicity at its finest

I suggest that you post your request on this thread : url

Pop-ups and alerts needed to be added please

Thanks for you suggestion. I just checked their reviews on Forex Peace Army and its very discouraging. Will be patient and spend a little more time with Pepperstone at the moment. Lets see how things work out over time.

Free Trading Suggestions/Calls

This trade also closed with Trailing SL of 25 pips at 1.2509. However in my broker account mt4 while closing there was a slippage of 7 pips . Hence the trade closed at 1.2516. I am going through losses on my trades . I am facing losing streaks. ...

Free Trading Suggestions/Calls

Thanks Talzus.

Free Trading Suggestions/Calls

As the trade has moved 20 pips positive hence Trailing SL of 25 pips ( 250 points) initiated.

Free Trading Suggestions/Calls

GU trade closed at a loss of 24 pips.

Free Trading Suggestions/Calls

Took another 0.01 USDCAD short trade at 1.2518 SL 1.2538 TP 1.2462

Free Trading Suggestions/Calls

Trade closed at a loss of 17 pips. image

Free Trading Suggestions/Calls

Weel said. Couldn't have explained it better.

(Binned per thread starter's request)[Why do I lie in a trading]