M
Casey Ebom
@mr_casey
Last seen:
2 months ago
no position is still a position
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Insufficient funds means the margin requirement to open the trade is higher than your account balance. Some questions what is the leverage on your account and what is the highest leverage your broker allows for gold?
For instance is your broker allows up to 1:1000 leverage on gold but your trading account leverage is set to 1:400, you can go to your client area and increase the account leverage to 1:1000. This should reduce the margin requirement required to open the trade.
One needs to trade for one month straight without missing a single trading day, before he can truly see if his strategy works profitably.
But earlier this year when the US attacked Iranian nuclear sites we didnt see the dollar strengthen or did we?
Not every trade requires the same risk, this is true. When the odds are in your favor you should increase your risk by adding to your winners but prop firms will call it a lack of consistency.
There are so many good forex mobile apps out there but some especially well designed ones I have seen are from FxPro, AvaTrade and Exness. If you are a beginner asking this question, I think you should consider learning how to trade on a laptop instead. The screen on a laptop is bigger and laptops are also mobile/lightweight. Note that forex mobile apps dont have as advanced capability as desktop terminals.
Its obvious they make their money from people who keep failing and buying challenges again. The entire brokerage industry depends on failure rate to make money. If everybody kept winning in their trades, prop firms/brokers will go out of business.
I always place my stop loss very far away and if by some miracle the price manages to reach it and trigger it then I wount trade again.
Spread means that the broker will not fill you in at the exact price you clicked on. So, if you clicked on buy at 1.1750, your broker will execute your order at say 1.1751 adding 0.0001 to the actual price, hence charging you a 1 pip spread. The broker does this so they can genrate their own income from your trades.
I don't think there is a best RR, it depends on the price action you are facing on the charts. Some trades just require you placing a wide SL and smaller TP and that's just the way it could be. It is left to you to take the trade or leave it.
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