Thanks Ben..usually no more then 3% of bank and risk reward of 2.5 to 3 eg.... $3 with b/s of 6 gives me loss of $18 and try and have a reward of around 15 to 20 pips... which will equate to about $45........ I roll up my stop behind me... I think i hang in too long instead of taking it...
Thanks again for advice, will take it and learn. I am using IG on their platform price per pip is in dollars..i usually trade between 2 and 5contracts.... mostly 2 or 3 on mini forx Gbp/usdwith b/s of between 5 and 15. win /loses are to date 243wins 254 loses started with £500 and after...
thanks for the replys so far.. appreciated... I have been buying at support and selling at resistance and looking for breakouts. I lost what I gained by being big headed ..because I have a small bank I have to have a backstop...when I had a larger bank.... hopefully will work back to that...
hi all love the forum.. am new to fx and just do the gbp/usd . started 4 weeks ago actual trading with a small bank of £500... this has fluctuated up and down from that but so far havent lost any of the bank.... although by stupidity... big learning curve... greed and an assortment things...
hello everyone...i am new to trading....have patience with me please!!!.... looking at trading platforms...so many out there offering a diverstity ofthings... I came across Forex Club which states it only charges$0.60 for evry $1000 traded... with no payments on lost trades...is this good or...