Hi I began a Demo account trading 2 hours ago.
I am working on GBP/USD right now and made some cash.
Why is it that when I buy there's a margin of 4 PIPS?
In order for me to make cash the USD must drop 5 PIPS.
Where do these PIPS go ?
Due
Hi I began a Demo account trading 2 hours ago.
I am working on GBP/USD right now and made some cash.
Why is it that when I buy there's a margin of 4 PIPS?
In order for me to make cash the USD must drop 5 PIPS.
Where do these PIPS go ?
Due
Ok I will read the forum and books and continue to trade Demo until I believe I know too commerce my risk my own cash.
I have studied the GBP/USD I shed some pips and made some back I made overall about 20 PIPS. I traded some oil and made 20 PIPS overal.
If you invest $1000 at 100:1 that could be a profit off $10 per PIP and you also reduction $10 to every PIP you reduction is that right?
So I you make 10 PIPS complete a day that would be 100 profit.
Yes on a full account some brokers also have mini accounts for these, 1 Pip=$1 and some of them go even smaller down to 1pip= 1cent I think.
I started today with $50K in demo account did not know what I had been doing for 2 hours and lost $12K getting used to trading. Then I exchange oil for 3 hours and now have $53K within my account.
I am tired off trading oil for one today.
Question I ask about. I couldn't figure out for the life span of me I was 3-pips negative. Later, I gained the understanding of the way the brokers get paid and the way there isn't any commission. Read on and demo trading. . GOD BLESS you on your own trading.
PS. You traded OIL? Alternatives or Futures?
I was trading Crude Oil (Light S.) on http://www.gcitrading.com
Yes, that's correct, and if your target is to lose all your money real fast, then using 100:1 leverage is the way to do it.
Read this post of mine: https://www.cliqforex.com/trading-sy...d-gbp-jpy.html
However, as critically important as leverage is, risk control and position sizing will also be significant. The Van Tharp publiion can assist you.
Dial
Ok I see I am trading and made some money.
Hence the secret is consistency.
I finished now 6% in profit on the demonion I will trade on the demonion untill I have proven consistency then proceed on to a real account
Marc, Do you Live in the USA? Because, I wanted to exchange with the same company you trade but they stated because of the Laws differ from where there company is situated. Please inform me is there a way I can set-up an account with this trading firm.
Due
Welcome Marc to the Forum. . .Good to understand that you are beginning your journey using the forex market from here (I suggestcliqforex)...
Anyhow, you are totally right, the key is to always amass up to pips as possible over the long haul, and it doesn't matter if you lose 9 times and win 1 period as long as you are constantly amassing pips....
I am just using a sense that you are going to be a very successful trader..Don't actually know why, but I feel so...
Hope you will appreciate it and profit from it too...
Thanks,
Nader