@AndyL ay man I notice yu where making big profits nd shit... I'm pretty new to this game nd have the money to mess wit what amount would yu think is safe to start with that will get me good gains because I already got thousands nd da bank money ain't a thang just wanna get some knowledge about this shit like hundred $ gain aren't getting my dick hard if yu know what I mean I want the big 1000 $ gains???? But yeah get back at me
+$67,800 profit, or 67% in the account this week in Forex! Looking forward to another great week next week! Thinking of raising my lot sizes if I get another good week here. Hope everyone has a great weekend.
How much can you start with in forex
Make a video bud!
I am using profits I made in penny stocks in my forex account. And I will try to make a video this weekend
@DreSmith92 Think of trading as a business. You can open a small account and have the equivalent of a lemon aid stand, or you can open a large account and open a large retail outlet..... It's up to you...... As to the amounts... There are brokers that will let you start with as little as $50.
Two things I love about Forex: 1. It's open 24 hours a day, starting Sunday night at 5pm EST until Friday afternoon at 5pm EST. 2. No minimum to day trade, and there is a never ending supply of liquidity to go long or SHORT!! If you have more questions, feel free to ask me!
Actually on a longer TF the major FX pairs are VERY trendy and you can ride that for substantial gains......
@ilikebbstock why don't you come in the socialtrader.me chatroom for a free trial and watch forex with us? You may enjoy it!
I may, I'm doing pretty well with big boards for now, hopefully there will be a penny season soon, a few are perking up
That's great. And I hope they pick up too. They are a lot of fun. Looks like PLKD is finally waking up. Been holding that one for 2 months now, but it had the perfect catalyst yesterday for a big turn around. Been following that stock for a while now.
Second Trade: Shorted EURNZD @ 1.58096, 20 pip TP and 20 pip SL. risking 11.11%
I would be interested in your FX method but I don't see anything in your site that covers it. I would like to speak with you sometime on skype if we can coordinate a time.
sure let me know. you can add me andrewwlapp. i haven't put much info anywhere about the method yet.
ok... will do.
up 12 pips so far on EURNZD, looking good. moved stop loss to break even, so i won't lose on the trade.
FIRST OFFICIAL FOREX TRADE FOR $100 CHALLENGE -> Just shorted USDJPY @ 104.949. Take Profit and Stop Loss are both 15 pips from my entry!
Also there is no reliable volume in FX.
if you have a good enough win ratio, it doesn't matter
all i need is 51% or better to be successful with my method. plus tick volume compensates well enough for my trading strategy. volume = activity. tick volume = activity
and also i did not turn $288 into $300,000+ in one year by risking only 1% per trade.
@AndyL Who is your FX broker? And what kind of leverage are you using? So far the results you are showing aren't possible with a $100 dollar starter account. Don't get me wrong here because I think these are great results and admire your success.
I'm thinking of starting with a $100 Forex account and see how long it take for me to grow it to $100,000, then teach the people who join how how to pull potentially 20%+ profit each week with relatively low risk, and withdraw weekly. Last time I started trading penny stocks with a $288 account and grew it well over $300,000 in less than one year. Who wants to join me in the Forex challenge?
Trial for forex training
in socialtrader chat. i am in there during the US stock market session, and even a little earlier now. I answer questions and teach people my method. trading simply based on volume.
If I get the free trial can we talk a little?
hey i wanna learn to trade forex can u teach me?
@MichaelGoode Hi Michael, I have been looking over your trades and was wondering how you determine your trade size. I don't seem to see any particular sizing formula or consistencies in your trades. I guess what I am actually asking is what sort of formula are you using for your position sizing / risk management. Thanks for your input on this.
@WilliamF -- It is impossible to understand my position sizing by looking at my trades on Profit.ly, for a few reasons. 1) I use different position sizes for different types of trades and I will use a larger position size if the odds are highly in my favor or if the trade is a very quick scalp. 2) Profit.ly combines multiple intraday trades on a stock so I may be trading 1000 shares but if I am actively trading the stock I may do it 15 times in a day and Profit.ly then shows a position size of 1
OK.. I can certainly understand what you are saying here. Thank you for the reply.
Hitting massive penny stock profits lately with @GreenMachine. I've never seen anything like this in my life.
Awesome, thanks for the advice! :)
Do you use a certain website to identify penny stocks with a large volume? Or how do you find these stocks?
I use Etrade Pro's stock screener with my custom settings.
That's fine. My email is my profit.ly username at gmail.
@mcloin_invests just became a fully transparent trader today!
Start small or you WILL lose since you are new at this. I've been trading for about 6 years and I am still learning. I mostly trade forex (it's harder than stocks and penny stocks IMO), but the money is endless in forex. i typically play with 100k and withdraw each week any profits
ok I'll take note of that thanks man!!! and Damm 100k my pockets are deep but can't play around with that kinda money yet imma try 2k for now maybe in six years I'll b a 100k trader fingers crossed lol.
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