i have a question? please help me out!!!

Have a question about trading? Any questions are welcome. Go ahead!

i have a question? please help me out!!!

Postby famous » Sun Apr 10, 2011 11:53 pm

I'm a nebb and haven't starting to use forex yet but am very soon, I'm just trying to understand everything to no, my question is wen u have lets say a $1,000 in a account and lets say I made 50 pips and I use eur/usd in the trade, how much are the pips worth???? Please help me out!!!!
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Re: i have a question? please help me out!!!

Postby Rom » Mon Apr 18, 2011 12:51 am

hi famous

As you probably already have discovered you can make a lot of money in forex in short time, like 80% in one hour, by using high leverage :wink:

Keep leverage high and stoploss tight, like 10 pips :wink:

You can trade at any time during the day :wink:

Your profit is propotional with the numbers of trades you make each day :wink:

Your profit is propotional with size of bets :wink:

If you don't have any money just use your credit card :wink:

Having a fast PC is a big advantage :wink:

Remember that when using a standard account instead of a mini account you can trade very larger contracts, like 100.000 USD with only 1000 USD. The professionals in banks use standard accounts, not mini or micro accounts :wink:

There are many free courses on technical analysis. They will teach you all you have to know without knowing the details of any specific currency :wink:

Happy trading and enjoy your profits on the beach
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Re: i have a question? please help me out!!!

Postby muddeman » Tue Apr 26, 2011 6:26 am

famous wrote:I'm a nebb and haven't starting to use forex yet but am very soon, I'm just trying to understand everything to no, my question is wen u have lets say a $1,000 in a account and lets say I made 50 pips and I use eur/usd in the trade, how much are the pips worth???? Please help me out!!!!


When you trade in forex you have to say how much you want to stake per pip. So if you stake $2 per pip a 50 pip win would mean you have made $100.
If you have $1000 to trade with I would not stake more than $1 per pip initially as a 50 pip loss would mean a loss of $50, which is 5% of your trading account. Do not ever stake more than 5% or preferably no more 2% of your trading account on any one trade.
The best way to ensure you do not lose any more pips than you intend to is by placing a stop loss, which is an order to close your position at a specified point should the market move in the wrong direction.
Be very cautious and trade small amounts only to start with, otherwise you'll learn a very painful lesson and your account will be wiped out in no time!!
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Re: i have a question? please help me out!!!

Postby davidson333 » Fri May 13, 2016 6:28 am

If you want to trade in forex then you need to learn Forex. There are many ways of learning available one of them is getting some good courses about Forex trading. Here i will try t suggest that you can get some good Forex courses here: Forex Courses
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Re: i have a question? please help me out!!!

Postby david100 » Wed Jan 18, 2017 11:21 pm

Good, always try to learn forex first if you exactly want to make some profit in forex. You should also select a broker with the good reputation and it should be regulated too! So be careful and do not invest large money if you are the newbie and still learning.


review for Options12
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