thread: anyone need help?

Hi,

Am new to Forex trading. I had 2 questions! First one if I was trading like EURCAD to attempt to run fundamental analysis on whether the market will go lower or higher do I have to look at Reports concerning the CAD or the EURO and the next question If my account balance for example was 300euros and I risked 6 percent my pip worth was 0.09 leverage was 1:400 to get everytime a position moves against me a pip would I shed 0.09 in my equilibrium or shed the number taken into account leverage ? I hope this question makes sense ?

I pitched myself and started to trade using a demo account from Ctrader. I carefully choose when to invest and within 30 minutes I made 511 profit... but for most of my 2 commerce's, I was creating a 1,000 upward loss, it was not till the last minute at which value of this currency went up I started to view profit, that's when I marketed walked away. My problem is... I'm a beginner for me to wind up making 511 in 30 minutes is ridiculous even if it's just a demo, '' The purpose I'm attempting to create is why would anybody close there commerce when creating a reduction, because eventually the reduction will end up a triumph with a bit of patience, just like when I had been creating a loss and it turned into a triumph... Am I missing the point?

Aren't supposed to see my commerce make a reduction? If this is the case, why did not the demo account frees the 1,000 reduction when my commerce went wrong, instead it just counted the profit when I sold.

What a fantastic idea (the thread). I love to help as well so if something is needed by YOU from a trader, just contact me. Perhaps in internet development which is my daily job.

Regarding your offer, I've a problem and that I haven?t had any luck with my posts asking for assistance.
Here?s my scenario:
that I?d love to figure out the lot size I need to handle a risk of n% in a transaction.
That I?d love to Provide an excel sheet the following:
- My balance.
- My risk.
- Distance in pips for my SL
- Currency
And also have a formulation which shows the number of units (I use Oanda) or lot size for that trade.

I think I have it for EURUSD, but I believe it?s different for every currency, so if you could help me I?d really appreciate it.
https://www.cliqforex.com/attachment...738362883.xlsx

Hi, is there anyway to change trading password on mt4? Or the only way to do it is via background mt4?

Quick Question..

I was wondering if you could answer the next question that I have on risk/position sizing.
So I read through the ?information for beginners? thread that explains how you need to determine your position size - https://www.cliqforex.com/general-fo...table-egy.html

It provides the next measures:


?The Correct Way (Trader 1)
Account size =10,000
Currency = EUR/USD ( just so I can use simple numbers)
Cease (according to technicals) = 30 pips
Risk = 2 percent of your Account = 200
Lot size = Mini = 10,000
Pip worth for a Mini lot on EUR/USD = $1
Cease of 30 pips * $1 a pip = $30
Position size = $200 / $30 = 6.67 mini lots.
As you can't trade fractional lots (forget Oanda) you must round the place size DOWN to 6. Always round down to be conservative.
True Leverage = Position Size / Account Size = 60,000 / / 10,000 = 6:1
This amount of leverage is high if you lack experience. Better to reduce your percentage risk from down 2% to 1%. That will reduce the leverage to 3:1 in this case.?



So I followed the steps and here are my notes below:


1) Account Size = $1250
2) 2% = $25
3) Cease = 50 pips
4) Micro lot = 1000 components
5) Pip percent micro = $0.10 (10 cents)
6) 50 pips(my stop) * $0.10 = $5
7) $25 / 5 = 5 micro lots = 5000
8) 5000(position size) / 1250 = 4 means 4:1 accurate leverage

The part that disturbs me is when Input these figures in my broker I get different numbers coming up.

Using the above numbers I wind up with 25 components(utilizing 1x broker leverage). Therefore the only way to adjust the amount of components without changing my stop or changing the percent of account risked then I would need to change the broker leverage.

So can I simply adjust the broker leverage to achieve the 5000 units position size? Assuming this is it authentic I would need to have 200x broker leverage. But broker leverage appears to be very is high. Can you please advise?

Can someone explain the market had a huge impact today in 1 direction? I know for GBP news came out about the CPI y/y but ive noticed alot of those other pairs had massive changes in 1 direction ( im trying to understand the way the market moves during news)
Thanks beforehand !

Can someone explain what is the pattern from 2014.07.10 0:00 and 04:00? picture

sorry, but the picture does not really reveal much. It might be that the price action is much more of a day star, with the Doji demoning that the bulls are stalling, and there's a start of equilibrium on the market. The candle could prove that the bears are currently carrying over. It's all to do with opinion in the price.

HOWEVER, since I say the picture just shows a tiny part of the story... is that in the flattening out of a downward trend, towards the end of an uptrend, where is the past support and resistance lines, where is the preceding supply and demand places?

I'd zoom out a bit to get more of a general picture and see exactly what this I reacting to.

Taking trades of the nature requires persepective, and for outlook, you have to build a story!

Hi Renasdad, a query that I exchange on platform 28 currency pairs how difficult is to transfer my EA ?
Regards
Robin Terry

Hi

Personally I recommend Attacking Currency Trends from Greg Micalowski

I would recommend you learn as much as you can about basic chart patterns Such as Head and Shoulders, Double top's and Bottom's, Rising Wedges, Triangles, bull Flag's, Bear Flag's. Learn about Support and resistance, both Horizontal and Trendline. Learn about Basic Candlestick Pattern's and then Watch these candlestick patterns form combined with the chart pattern's and Support and resistance lines.

When you're able to look at a chart and get excellent in identifying the pattern's You will probably be ahead of most people which have been trying to trade FX for years. I would recommend you do not use indiors. When you look in indiors it takes away your eyes from what matter's, price action.

When you are really confident with your pattern recognition, I would recommend you learn Elliot Wave. For me this is what has turned me into a profitable trader. Once you know of your pattern's, and you know where they're occuring in the Elliot wave arrangement you will likely be in the top 1 percent of traders currently.

You may Download a freePattern recognition Trainer Just google it.

Wish you all the best

Craig.

Please can you define the most used indiors during your daily trading