thread: anyone need help?

quote When you refer to 16 pips Might it mean you're including the last number (the 5th decimal place) which individuals have a tendency to ignore in forex, so producing your spread 1.6 pips rather than 16 pips.

Great point#8203;

quote Thanks for responding. I know 16 pips is a lot, but it is the beginner account together with my broker. It does help, so am I right to say - Should I start a position and it moves in the direction I need it to go, I would place the stop-loss 16 pips below the point where I have made no profit/loss?? Then as I initially said, I start a position with 2 lots, where could I close 1 lot to breakeven?? Can it be 16 pips above the amount you mentioed in your article?? Sorry, I am not the best at explaining stuff, and being a relative newbie, I am not down...

When you consult with 16 pips Might it mean you're including the last number (the 5th decimal place) which folks have a tendency to ignore in forex, hence producing your spread 1.6 pips instead of 16 pips.

Thank You Ren.

Yeah I must switch off the emotion as it will are inclined to carry over.
Let the SL and TP do the job for me!

Thanks Ren. I do tend to leap from this market if honest. The money I have made on the transactions are more luck than judgement I believe. I love your comment on news and certainly will remember that!

When you start a commerce, you want to get some idea of just how far price is going to go, whether that be in your favor or not. Where you believe price will go is where your SL and TP should be. When you see price going against you and start second guessing yourself, that's when the emotions take over. If you are confident with your trading, then you may ignore your emotions since if you do not dismiss them, you'll shut your trade only to see price go where you believe. When you see price going against you, and you are confident that if you opened a trade, you won't be worried about it. You may tell yourself that it will turn. When you've got a certain price this is your SL, no matter what the true price is doing, you won't be worried because the next trade will be in your favor. You need to realize not every trade will work as if you want it to. #8203;

Thanks Ren. I do tend to jump out of this market if honest.
The money I have made on the trades are much more luck than judgement I think.

I love your comment on news and certainly will remember that!

Hi Ren, I would love any help! I'm doing my research for a noob to Forex. I'm beginning to understand trend lines. I have a demo account with 50k. I've looked into TP and SL in addition to patterns. My problem that I have found is that when I believe I've noticed a trend line, I can either buy or sell based on that tendency. Afterward, the market goes another way and then I must get out of the trade like I am at least 50 down? When this happens I get worried as most of my trades, or 80 percent of these tend to be declines. Additionally, do...

First I will say, keep researching. But there also comes a time you've found enough info to get the information from. I used to read things about Foreign Exchange for hours and hours per day. I got to a point once I realized I read what I read would be what I needed to succeed. If you attempt to learn a great deal, you'll get overwhelmed and never even know where to begin. #8203;

when you've got an account that's 50,000 and you're down only 50, that's not something to freak out about. But if you do start a trade, you must get ready for price to reverse. That is what happens to everyone. Price will not go in one direction. It must take a break for a while. There is miniature trends inside the primary trend. If you do start a trade and it goes against you, in case you get worried when price retraces before it hits your stop loss perhaps you have to produce your lot size smaller to compensate for the miniature trends.

You say 80 percent of your trades are losers. Does that mean you close them out too soon just to see price turns and goes back in your favor?

I do not take note of any news. History always repeats itself. I do however pay attention and see when news will come out so I'm not creating a trade a few minutes before.

I hope this helps a little bit.

quote Thank You for responding. I know 16 pips is a lot, but it's the newcomer account with my broker. It does help, so am I right to say Should I start a position and it moves in the direction I want it to go, I would set the stop-loss 16 pips below the point where I've made no profit/loss?? Then as I initially said, I start a position with 2 lots, where would I shut 1 lot into breakeven?? Would it be 16 pips over the level you mentioed in your article?? But I am not the best at explaining stuff, and possibly being a relative newbie, I am not down...

If the pip spread is 16, then it must go 16 pips in your favor until you are at breakeven. I do not fully understand your questions. I am having a hard time together. I am not positive if it's your fault or mine.

I wish to say thank you , for the willingness to desire to help. You are a blessing from the Creator. I myself am very new to trading. I really do have the passion. More importantly how to trade Foreign Exchange with Nadex. My common sense tells me I can use a trade platform , Mettrader4 , or even a live free platform , to track the time direction of this fx pair , so I can enter a trade to by or sell. Yes Nadex is governed by the good ole authorities and that is the reason why I desire to learn how to utilize the Nadex trade platform in conjunction...

#8203;

Try this after. I watched this weekend. You may be helped by it.

https://www.youtube.com/watch?v=mhhqigSpk64feature=youtu.be

Saying that I only left $174.00 on EUR/USD. Noticed it spike fast. So took the money and run!
Well back into my demo account anyways...

quote Okay, there is a lot of questions to be answered there. The first thing which stuck out at me would you have a 16 pip spread on eurusd? That sucks. #8203; If you're in a favorable pip territory just like you say, that means you have your trade open. You have made no profit however because the transaction is still open. When you've got an open trade and it goes on your direction, that is when you transfer your stop loss to the price where you opened the trade so if price retraces back, then it will reach your stop loss and take you from the transaction only if price...

Thank you for responding. I understand 16 pips is a lot, but it's the beginner account with my broker.

It will help, so am I right to say Should I start a situation and it goes in the direction I want it to go, I might place the stop-loss 16 pips below the point where I've made no profit/loss??

Subsequently as I initially said, I start a position with 2 lots, where could I shut 1 lot to breakeven?? Can it be 16 pips over the level you mentioed on your article??

Sorry, I am not the best at describing stuff, and maybe being a relative newbie, I am down with the lingo!

Again, thanks for your help!!