- Search Metals Mine
- BlaBlaFx replied Feb 10, 2023
Hello, That's one of the reasons why trading is hard. Situations like this will occur. Stopped out by 1 pip and then price goes in your favor, buying the very top and price revers. There will be even days when everything you do is wrong. You are ...
Why was my SL triggered?
- BlaBlaFx replied Feb 9, 2023
I do not work in the financial sector, but I will try to answer these questions. 1. 10 + 100 = 110 Tesla stocks. 2. (10 x 100) + (100 x 60) = 1000 + 6000 = 7000 dollars spent on 110 Tesla stocks. The average price is 7000/110 = 63.6363 dollars. 3. ...
Basic mathematic problems for finance
- BlaBlaFx replied Feb 7, 2023
Hello, Your computer or laptop, or phone must have login password or pin code enabled. If you have a laptop or computer then you should not trade with your phone. 1. If you are trading every day then it's very annoying to enter your password every ...
stolen laptop and saved metatrader password risk
- BlaBlaFx replied Feb 6, 2023
Let's imagine that you have 1000 usd account. You broker gives you 1:500 leverage. So you have 1000x500 = 500 000 usd buying power (5 lots). To make calculations easier to understand let's assume that eur/usd exchange rate is 1.10000. Let's look at ...
New to Trading and Forex
- BlaBlaFx replied Jan 19, 2023
How are you managing your trades? Moving stop loss to some level or closing partials? With EURCAD, why you decided to close that trade? In post #2 you said that you will specialize in just four pairs for the next few years - EURUSD, GBPUSD, USDJPY ...
Journal of a Maturing Trader
- BlaBlaFx replied Jan 7, 2023
How long have you been trading? What was your trading results for the last 6 months? % gain, win rate, number of trades?
Journal of a Maturing Trader
- BlaBlaFx replied Jan 6, 2023
Hello Mr. Singh. Could you please describe your strategy in simple words, so we all have a better understanding of what you are doing. It would be better if you link your account to Trade explorer or some other tracking service. This will be much ...
Journal of a Maturing Trader
- BlaBlaFx replied Jan 5, 2023
Hello, All the numbers are displayed in your account currency. So this swap in GBP. The swap is different for all the currency pairs. You can find the information about the current swap in you MT4 terminal. In Market Watch window right click on the ...
Swap rate question
- BlaBlaFx replied Dec 22, 2022
You are a Junior member right now. It looks like you should post more messages to become a Member, then you will be able to start a new thread.
For Beginners
- BlaBlaFx replied Dec 22, 2022
That's true. Unfortunately. It doesn't matter where you are. Account currency matters. But the scheme is the same. The only difference between USD and GBP in your account will be the numbers you see. It should not bother you, your broker is doing ...
For Beginners
- BlaBlaFx replied Dec 22, 2022
I guess that this question is moved to Rookie Talk because it's actually a Rookie question. Why are you even thinking about percentage gains? With leverage accounts it makes no sense. What do you mean saying 10% per day? If you have 20 trading days, ...
10% per day
- BlaBlaFx replied Dec 21, 2022
The reason you are losing money is because you are selling GBP for USD. When you press a sell button, you exchange 1000 GBP for 1214.20 USD. Now you have 1214.20 USD. The Rate changes to 1.2146, so GBP cost more now, that's why you are losing money. ...
For Beginners
- BlaBlaFx replied Dec 21, 2022
Hello, You are wrong here. GBP/USD means how many US Dollars are needed to buy a British Pound. So when you press a buy button you are buying 1000 pounds(GBP) when the exchange rate is 1.2142, you need 1000x1.2142=1214.20 USD. Now you have 1000 GBP. ...
For Beginners
- BlaBlaFx replied Dec 21, 2022
Hello, Unfortunately that how it usually goes. Making some progress and then in one day all this progress disappear. I don't know your strategy, but looking at the trades history I think that on December 19 you were making some bad decisions. The ...
My Journal as a Professional Trader
- BlaBlaFx replied Dec 21, 2022
If you are reading this STOP TRADING!
My Journal as a Professional Trader
- BlaBlaFx replied Dec 4, 2022
Hello. I don't trade with tradingview, but it looks like you are just using a "Short Position" tool. It doesn't open any trades and just lets you estimate how an order will go if you go short. You can read more about it here. - look at your balance, ...
Help Reading a Short Position Result
- BlaBlaFx replied Nov 18, 2022
Here is a quick update. So he is making a 5k account challenge and shows his trades history. If you don't want to read the first long post, then let's analyze this short period of trading from 26.09.2022 till 11.11.2022. Long story short. This is a ...
Analyzing youtube forex millionaire trading
- BlaBlaFx replied Nov 16, 2022
That's a great explanation. We can see that in the forex market anyone can use any strategy. But you must understand what you are doing. I understand hedge, but not so good to use it in trading. So I use a different strategy. Let your money printing ...
Do you use stoploss?
- BlaBlaFx replied Nov 16, 2022
1. Using a stoploss If applied correctly, stoploss means that you know what you are doing. It allows you to trade bigger position size. If you are using stoploss and following you strategy and know exactly what you are doing, then after a few months ...
Do you use stoploss?
- BlaBlaFx replied Sep 22, 2022
Yes, but can you actually recognize it on the chart? I don't really like to use past charts, but that what helped me a lot. Let's say you take a trade. Why? Can you say exactly why you took that trade? It shouldn't be like "I think it is a support ...
Losing hope that profitable trading can be achieved