You cant simulate trading with fake money. Better to deposit real money but a smaller ammount, and trade with micro. There is a BIG differends (psyche) even on micro vs demo

I have 2000 USD what could i do?

Thanks! i took the opposite trade at 1.2271. Currently up over 100 pips My reasoning for Long, see this picture(m15 tf): url Took half of my position at the target1, then left the rest acording to H1 tf. Today, it worked very well, ...

EURUSD

Opened position with two lots at around 1.2271 using M15. Takeprofit taken on the first lot at the target1 level. Moved the remaining lot to BE and planning to see if it keeps going up to the 1.2400:ish... thats pretty close for H1 target1 level

EURUSD

ok, first lots profit taken at 1.2247, it seemed to stall so close to .2250 so i closed manually, lets see if the second Lot continues going up.

EURUSD

Switched my M15-H1 bias for Long on the top of the red box (15min Fib "long" line) because looking at H1, its bounced up from its Fib pivot(yellow Fib). First TP with 15M timeframe at 1.2250 and another Lot at 1H timeframe, at 1.2380. Both lots ...

EURUSD

WE ALL DO !

EURUSD

"hard work deserves hard pay"? Dude, you are playing with demo money? Your wasting your time. Biggest part of trading comes with the psychology. You cannot imitate this with a demo!

EURUSD

Razorboy; If i understand correctly... I see you use daily bars. How long do you consider an IB valid? Lets say you enter on a daily IB, and your position is stopped out the next couple of days, then the price hits again on the same IB, do you ...

The DIBS Method... No Free Lunch continues

Thanks, going to check this out

Mr.Nims, Renko Ashi Trading System 2

"The Helper", please explain more in detail, how you use your MA's.

A trader does not have to lose before you make profit in the Forex market

Is your EA using martingale? Can you provide more info of your EA, is it a open for public? Thanks.

:: Successful Journal Traders ::

LOL. Of course that is the dafault. Your saying "contract" just made it seem you are trading futures or something. You could have just said you trade one mini LOT

The DIBS Method... No Free Lunch continues

Hmm, what is the actual tick value for your "mini contract" ? Are you talking about e-minis / futures? That would suggest that your risk level is way too large. "The tick value for the e-mini S&P is 0.25 index points, or $12.50 per contract." If ...

The DIBS Method... No Free Lunch continues

Hi razorboy, i re-read the last 100 pages, and your trading the IB's on the DAILY charts. Sounds nice and simple. I might start same forward test with real money(small account with micro lots), how much are you risking per trade using ...

The DIBS Method... No Free Lunch continues

Hi. How did you managed to use 2% risk with 500£ with spread betting broker? I cant find any brokers that offers smaller than 0.5-1.0£ per "point". Or did you use larger initial risk with the 500£? Did you use the same strategy as mentioned above? I ...

The DIBS Method... No Free Lunch continues

You can open one 0.3 lot for example, and when you close, select 0.2 lots before hitting close button. You are left with 0.1 lot. Just remember, that the mt4 will always remember the last lot ammount you have selected from the pulldown menu. So be ...

How to open-close multiple lots on Metatrader?

Hehe, seems simple but is it really? Do you trade with this with real money? How can you be sure its not going to reverse as soon as you enter? Do you have SL set? Do you just choose the direction with the latest candle(what timeframe) or do you ...

(can) small accounts make a living ?!

Yeah, thats maybe the only real problem. Its very risky "kamikaze" trading with smaller account when you are forced to use 0.1 lots. Very hard to use proper money management.

Experiences with FxPro

Depends your stop loss distance(the point you will cut your losses). Always first calculate your stop loss distance, then figure out what the lot ammount you use so that the pips lost reflect your $ you are willing to lose.

Mini-Lots

Yes of course but there might me some small differences, for example there can be some milliseconds-seconds delay executing trades in real life(also re-quotas, slippage), depends how fast the markets are going and depends on the broker, but overall, ...

Demo trading vs Live trading