DislikedMine's not hit yet, am still pending sell order at 1.8965 or buy at 1.9107.Ignored
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DislikedMine's not hit yet, am still pending sell order at 1.8965 or buy at 1.9107.Ignored
DislikedHi la_maya_k,
I was just going through the forum and read your thread, I am a newbie and have just started looking into forex.
Can you do some basic number crunching for me and let me know how you could potentially make about $752 monthly with an account size of $3500 with 50pips/week?
I would like to start trading with an account size of $5000.
I didn't see any mentioning of leveraging.
Thanks in advance,
AndrewIgnored
DislikedI made my weekly profit of 50 pips! I didn't spend last week's $50 profit...so now I'm up $100 in my account! So, now I'm done for the week. THANKS MAYA!
BTW, the SELL continues on to well over an additional 100 pips beyond the 50. My greedy nature has taken over and wonders if you ever trail stop for additional profits, Maya? LOLIgnored
DislikedI made my weekly profit of 50 pips! I didn't spend last week's $50 profit...so now I'm up $100 in my account! So, now I'm done for the week. THANKS MAYA!
BTW, the SELL continues on to well over an additional 100 pips beyond the 50. My greedy nature has taken over and wonders if you ever trail stop for additional profits, Maya? LOLIgnored
DislikedMaya,
I'm still wonder about your money management. Because earlier in the early post you did mention we can get roughly USD 188 per week by getting 50 pips per week. From what I can see, you need to trade at least 3.5 mini lot (roughly USD 3.5 per pip).
Why are you trading 1 mini lot?Ignored
Dislikedla maya k,
Do you calculate the broker spread into the 50 pip Take Profit?
The reason I ask is that with Oanda earlier this morning, the Buy pending order was filled, and the price moved 52 pips...enough to make our 50 pip profit (this is all academic as we have already made our profit for the week).
However, the broker spread was 4 pips. In order to clear 50 pips, this would necessitate my setting the actual TP @ 54 pips. The 50 TP would have fallen short by 2 pips, and resulted in a 25 pip Stop Loss, as the price retraced.
Do you add the dealer spread to the Take Profit target?
Thanks,
BobIgnored