NoOb in need of help!

Best advice you can get is quit while you can and Save your money.

Otherwise you will lose it all trading in a gambling scheme. 99.6% of Traders LOSE Money in FOREX.

Unfortunately, most people who lose their money don't come back to the forums to report that they lose it all. They vanish completely.

You cant say I didn't warn you. Quit while you can and Save your hard earned money. Go search a real job.

Ciao.

Hi Bogdan,

If you have a Euro-denominated FXCM account, and your bank account is located in the European Union, you can withdraw funds via SEPA which is a free transfer. I can't advise you regarding taxes. For that I suggest speaking with a tax specialist in Greece.

Thanks a lot for the information.. So you're saying to me that i send money for FXCM to SEPA and the are sending them to my bank account ? at least that what i understand

Hi guys!New member here.
Some story:23 year old uni student(CS,now java,c,c++,would like to learn the mql language to create an EA eventually).Tried out demoing about 2 years ago but stopped it because of studying,being lazy... etc.
However i am here again demoing yet again.

Using MT4,trading mosly gold,oil,euro/usd,if there are some big new then that currency(like yesterday usd/cad).Using 1 lots and not less.
TF is usually 15m,30m though i look out for longer time frames for trend lines majos s/r areas.
So far i have a 13.4% return,which is according to most of the sources here quite good.

But i still have things that i need to improve so i would ask for some tips regarding these:

Where should i look out for possible candlestick formations?
What are some chart patterns that i have to learn no matter what because they happen really often(like those colored triangles i see on some charts usually)?As currently i don't really know any but instead rely on s/r areas,trend line,volumes and such basic things which might be the best for now at least.

Thing that i am aware of is even if i am demoing i am scared..lol when the market doesn't go the way i initially thought.This is mostly because my entry points are really bad,as wellas my exit points.However the market will eventually goes the way i thought will go and even reach my tp level.

But the thing is i exit too early,as i am not sure the market will reach the tp level.All in all i am not confident enough in my knowledge yet thus i lose out on a lot of money.
This is one of the biggest problem i experience now.How do i deal with this psychological pressure?
Like yesterday i made a buy limit at 1.10296 and set tp to 1.10383 but before i went to bed i canceled it...Yet again the market went that way and i could have taken some pips.

The other one is more or less if the market doesn't go my way i sit on the order until i can break-even meanwhile if i see something that signals me to sit on it more i can even profit from it.This is imo a really bad habit.
I don't use stop losses.I manually close the orders after my judgement.

Also here is a little chart analysis by me any tips how to improve it?:


Here the pinkish areas is a "local"(more or less a weekly) res level the reddish big one is a major(4-5 month) res level.
MA100 looks like a really nice support level.So i expect it to go up 1.37575.



Here the first trend line coming down is a 4 year line,the second one is a monthly while the third one is a 7-8 month trend line.

How precise my analysis is?What should i look out for?

That's all for now.Hope somebody can answer them.

You would not be sending money "to SEPA". SEPA is not a place. SEPA stands for Single Euro Payments Area. It refers to a bank transfer method used in Europe. FXCM clients with a Euro-denominated trading account can have their funds transferred for free via SEPA transfer to their bank account in the European Union.

Ohhh..I was so stupid that i couldn't understand.Ok now i got it.I knew now how it works,and again Thanks a lot Jason.