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- BlueKnight replied Jun 13, 2024
OK, I did another test just now, on the EUR/USD. In a demo account, obviously (after all the loss it couldn't be different). I was not expecting a big reaction from the market today, but the movement was strong enough to make a profit. And this time ...
- BlueKnight replied Jun 12, 2024
OK, this time I traded on demo and another unexpected thing happened. Fortunately, I wasn't trading live this time. image Please, help me understand what happened here (this is MT4 log): Orders placing time: 2024.06.12 09:28:38.854 '79115395': ...
- BlueKnight replied Jun 11, 2024
The floating spread really is a problem. I can clearly see that when the market is at opening and closing hours, the spread increases 10x or higher. My mistake was to think that wouldn't happen during news; and it happens. Lesson learned. Maybe if I ...
- BlueKnight replied Jun 10, 2024
My first contact with Forex was in 2011. It does not mean I have been dedicated to trading since 2011. I spent years out of trading. I started to put some effort into this just recently. As for live trading, I am not crazy to put big money before I ...
- BlueKnight replied Jun 10, 2024
Only now I am seeing I risked far beyond I should. A 0.15 lot position would take approximately 93 pips to wipe my account. I had no idea I risked that much when I placed the orders. It should be much less than that.
- BlueKnight replied Jun 10, 2024
These big moves that happen in the market offer opportunity. I just tried to take an advantage of it. Time frame doesn't matter much in this case, you just need to know what you are doing. I am OK. I just lost 20 USD. It is not much. But if my trade ...
- BlueKnight replied Jun 9, 2024
The biggest problem was that buy order. It made me lose 223 pips, and it should not even be executed. The sell order retracted and it was 0.15 lots against 0.05 lots of the buy order. That is why few pips destroyed my account.
- BlueKnight replied Jun 9, 2024
I did not trade based on others opinions. I knew the market would move big in one direction, that is what happens after news release. What I did was to try and follow the wave, considering the risks. I tried the same thing on Thursday on the EUR/USD ...
- BlueKnight replied Jun 8, 2024
I agree I should have set a stop loss. I did not do it because I did not expect that buy order to be executed. But I will do it next time. Of course, the stop will not work very well because price moves too fast, but it should minimize possible ...
- BlueKnight replied Jun 8, 2024
It could have been this. The spread fluctuated and hit the stop limit. I did not expect that too. I will be trading with fixed spread broker next time.
- BlueKnight replied Jun 7, 2024
I did not know which direction the market would take, so I had some pending buy and sell orders at set price ranges (buy stop and sell stop). When the market starts moving, the respective orders are activated when it crosses the price. The buy order ...
- I lost everything! 😭
OK, this time I had the great idea to trade news after a successful experience on a demo account ...
- BlueKnight replied Dec 14, 2016
Well, if the FCA wanted small traders out... They will finally get it. Soon, risking your money with unregulated brokers will be the norm if it continues like that.
- BlueKnight replied Dec 13, 2016
People that risk that much % is usually low capital people (<$1000 account). If I had $100K on my trading account I wouldn't risk 1%, I would be fine risking %0.10-0.30. Risk is relative.
- BlueKnight replied Dec 11, 2016
Yes, I feel the same. I have my job, they have theirs.
- BlueKnight replied Dec 10, 2016
I wonder how easy would that be...?
- BlueKnight replied Dec 8, 2016
If the maximum allowed leverage is 1:50, then I believe yes. I see people saying this is good because of the newbies and all that would protect them. I disagree. First, if the newbie was acting responsibly he/she would be aware of all the risks when ...
- BlueKnight replied Dec 7, 2016
It seems like I hear more of abusive practices from the so called "regulated" brokers than those which are fully unregulated/illegal. This is so scaring.
- BlueKnight replied Dec 7, 2016
Understood. I believe 1% a month is quite good (from forex), 2-3% would be ideal (at least for USD/EUR based accounts) but there are months I wouldn't prefer to trade at all (Dec-Jan, some rest is good). I see many people try to get insane profits ...