A
Amos
@amosglad01
Last seen:
1 week ago
Trade Pro
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you also need to add to your winners because you started with 100k and now you are down to 96k and rhe challenge is for some weeks. so you need to let winners run and make real profit
bro you are in trading to make money and not to avoid losses. Making a $50 profit on 0.5 lot size of almighty gold is not good. the risk to reward is off . If you are risking 0.5 lot size you should make reasonable profit
your screenshot is telling a different story it is saying you took 4 trades not 3 and win rate 25% not 33%
I used FxPro standard account before and the spread was high, maybe I will try the cTrader account
Okay I see but how can I spot order blocks on a chart? cos the whole chart is always filled with price rising and falling so how do we know which one is an order block and which one isnt?
The probability that price will get to 1.2100 today is very slim except you dont want to trade today.
Trading is speculation (more like betting) on where the price of something is headed while investing is more of owning that thing and hoping to benefit from any interest that accruses from the ownership. A person who invests can also generate profit from renting the instrument out to traders (short sellers).
I prefer trading in my local currency and the reason is because it gives me a realistic idea of how much i am risking at any time. With a trading account domiciled in my local currency I save myself from carrying out currency conversions in my head all the time.
It is hard to maintain discipline when you are trading with funds you cannot afford to lose. You may have a good strategy but biting off more than you can chew with big lot sizes will make you fumble the strategy.
Started from HF Markets but the spread was too high, moved to Exness but I didnt like the slippage, moved to FxPro but spread was still too high and finally settled with Just Markets.
Instead of participating in any demo contest why not just buy a prop firm account where you are sure of real payouts you can withdraw?
The dominant trend is a bullish engulfing signalling a buy. Price has not been able to close below the bullish engulfing pattern hence the support linne i drew.
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