thread: anyone need help?

Hope you can help. I am new to Forex, just a month or two trading with real money. The issue I have is when folks talk about shutting half their receptive trade to breakeven and allowing the other half to continue with a trailing stop (I would place the webpage I read this from, but not sure if I am let). How can you understand what the breakeven point is if you're in positive pip territory?? I still just trade with 0.01 lots having an account which has a 200:1 leverage and also my smallest spread is 16 pips on the eur/usd pair. I am aware of, before someone says, i.. .

Ok, there's a lot of queries to be answered there. First thing which stuck out at me would you have a 16 pip spread on eurusd? That sucks. #8203;

When you're in a positive pip territory just like you say, so you still have your trade available. You have made no profit however because the transaction is still available. When you have an open trade and it goes in your direction, that's if you move your stop loss to the price where you opened the trade accordingly if price retraces back, then it will hit your stop loss and take you out of the transaction only in case price keeps retracing and your winning trade becomes a loser.

I'm pretty sure I did not respond everything but hope this helps a tiny bit. If there ask more.

Hope that you can help.

I'm new to Forex, just a few months trading with real money. The question I have is when folks talk about shutting half their receptive trade to breakeven and allowing the other half to continue using a trailing stop (I would post the webpage I read by, but not sure if I am permitted). Can you know what the breakeven point is if you're in pip territory?? I still just trade with 0.01 lots with an account that has a 200:1 leverage and my smallest spread is 16 pips on the eur/usd pair. I am aware of, before someone says it might place a trade that would have 0.02 lots to make this work.

It will also speak about placing a stop loss, as an instance, 20 pips below/above that the 20-period EMA (that is 1 indior I use with this trading system). But how can I know how many pips below my entry point this is??

I don't what else to put here, so please if you can help, let me know if you need more information, etc..

quote Thanks for the feedback . I guess I will have to move to the Bahamas after all!

When you go, take me

hello Renasdad, here's a strange but very real question for you. What if you had a wonderful ea for MT4 for scalping indices that is bringing in two % account expansion daily for the last 7 months. How would you capitalize on it if you're a resident of the USA and unable to trade CFDs within this character except for via a demo account?

Since CFDs are not allowed to be traded in the US, I would suggest testing your EA on different markets. If it does not work tweak it a little bit and see if you're able to get it to function for something different. Other than that, you are going to need to move into a nation that lets CFD trading.

Hey Renasdad, here is a strange but very real question for you. What if you had a fantastic ea for MT4 for scalping indices that's bringing in 2 percent account growth daily for the previous 7 months. How would you capitalize on it in case you were a resident of the USA and unable to trade CFDs in this character except for through a demo account?

Knowing when to get out is a common thread which prices a lot of people money. I'm a newbie and that is precisely what I have learned!

Getting out is my own downfall as well. I don't have much of a problem getting in on good trades. While I see these pips going up its difficult to money out. I'm not sure yet but I believe Fibonacci in one of those keys to helping us with that. #8203;

Hello Rensdad, Hope you are doing great. I had a few questions in my head which I would like to ask though not that much hard to answer nevertheless im unable to answer them myself. Hope it will be a hassle for u. Right now im trading as newby in Currency Market demo accounts and as per the help of a cousin I began trading with indiors and oscillators and found them quite good enough to trade on but slowly and steadily I began digging into the subject as I want to make it my actual profession. I went through quite alot of webinars and books and many videos...

Hi once again KhanAsim, I re-read your post and would love to attempt and go a little more in depth about this. I know precisely how you feel in regards to reading lots and lots of literature. As soon as I began learning Currency Market youtube was not that popular so I never watched any videos on it. I did buy a bunch of cds for quite a bit of cash which instructed me quite a little. But I would say, almost all of the finest things I learned came right from this forum. I tried other forums but only lasted a cpl weeks if that. It was a lot of ppl putting each other down or bragging about how great they were. Anyhow, one thing to always remember is indiors show you what price has already done. There are not any indiors that reveal what is going to happen. If someone could put the ideal indiors jointly that work for these, then there's a good prospect of these being beneficial. I spent a number of years playing with various indiors that appeared to work well but never did that great. Many combinations of indiors need to be employed with discretion also so one person can use them and get good profits while another person can use the same combination of indiors and loose more often than win. To me, price action and patterns work the best but, it requires discretion when trading that way also. I hope this helps. If theres something you do not understand, go ahead and ask more #8203;

Understanding when to escape is a frequent thread that costs a lot of people money. I'm a newbie and this is what I have learned!

What is a broker to use as a small? I am a small,and I reside in California

I am not sure. #8203;

What's a broker to use as a minor?
I am a minor,and I live in California