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Forex Contest FX Choice
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jdwbryan

Member Since Feb 15, 2013  21 posts jdwbryan Mar 03 2015 at 15:24
RahmanSL posted:
'......in the real world so this is a dumb idea.........'

Seems like you are the ONLY one with good ideas here and others don't count lol


I'm not the one trying to change the rules to suit my style of trading. Besides, I said it was a bad idea IN MY OPINION...

namminh75

Member Since Nov 09, 2014  62 posts nguyen nam minh (namminh75) Mar 03 2015 at 16:04
Hi all,

Good luck to you all!

Cheers!


Minh

be humble,wise and thanks the Lord for every pip you get and try to keep it!
choppawood

Member Since Apr 10, 2014  20 posts Choppawood (choppawood) Mar 03 2015 at 19:12
Hi everyone,

Suggest scaling up your strategies even if you are not ready and try to be disciplined with them.
You can test them in another demo on your own time.
What could happen: you wipe your account, you weren't going to win anyway !
                           you somehow end up on the podium !
                           you learn something and go back and make the prize money in your own account !
                           forget about prize money and be positive !
Please learn the trade and grow yourself in knowledge to be a cut above the rest.
Remember about, i don't know but the percentage of traders who don't make it seems to be around 90%, give or take ?
As you can see it is not that easy, so find a mentor who has been there and learn the trade or you are one of the 90%
on the stockpile.

Good Luck to all :)
Choppawood

andryou80

Member Since Jul 01, 2012  30 posts andryou80 (andryou80) Mar 03 2015 at 22:50
YACOUTI posted:
Good luck to all contestants twist

coolуааа

nothing is impossible
240Z

Member Since Sep 05, 2013  50 posts Don (240Z) Mar 04 2015 at 03:22
Forex Heat Map ... down at the very bottom of this site page. it is new to me and looks VERY interesting.

“Everybody should have a dream. What if that dream comes true?” – Jack Ma
bandi37

Member Since Oct 03, 2013  8 posts PsychoMan (bandi37) Mar 04 2015 at 07:35
Will I be able to trade on the DAX30? anyone know?

Dum Spiro Spero
Adisakti

Member Since Dec 15, 2014  10 posts Adisakti Mar 04 2015 at 07:37
happy trading
Good luckcool

tineg

Member Since Mar 09, 2013  45 posts FX KISS (tineg) Mar 04 2015 at 07:51
ForexGridMaster posted:
tineg posted:
Can someone help me explain...

On MT4, when I open an order and see 0,01, 1... Is 0,01 a micro lot? And 1 a mini lot? or is 1 a standard lot?


The MT4 platform minimum lot-size that can be traded is 0.01 no matter what type of account is traded.
 --- Standard Account uses a 100,000 unit lot-size, and the 0.01 lot is called a micro-lot (1,000 units in trade, could be dollars, euros, whatever the Account-currency is).
 --- Mini Account uses a 10,000 unit lot-size, and the 0.01 lot is called a nano-lot (100 in trade).
 --- Micro Account uses a 1,000 unit lot-size, and the 0.01 lot is called a pico-lot (10 in trade).
Cent accounts trade nano-lots or pico-lots and there is some confusion there as different brokers name these accounts differently.


Oh my goodness. I see people come up with different terms every day,hehe. Crazy.
Thank you but I was not asking for what micro, mini and standard mean. I know what they are.
You have few typo errors though.
1 Standard lot represents 100.000 $/eur/gbp/etc... and the lot is on my platform is displayed as 100 (K). Or I guess MT4 displays it as 1.
Money exposure is usually between 500 and 700 of currency per 1 standard lot.
1 mini lot represents 10.000 ... and the lot on my platform is displayed as 10 (K). Or as MT4 displays it (or should) as 0.1
Money exposure is usually between 50 and 70 in currency per 1 mini lot.
1 micro lot represents 1000 of currency.... and on my platform is displayed as 1 (K). Or as MT4 displays it as 0.01
Money exposure is usually between 5 and 7 in currency per 1 micro lot. (depends on the currency pair).
Under the condition that leverage of the account is 1:200, of course.

But because I use TS2 I got little confused with how MT4 displays it. MT4 is terrible at that. And I have never heard of such thing as nano and pico lot. That is ridiculous. It doesn't even make sense. But thumbs up for the effort. :)
Yes, confusion starts when people start making terms up instead of just sticking to the standard. Sad.

"Failure is simply the opportunity to begin again, this time more intelligently." ~Henry Ford~
BoneOs

Member Since Feb 27, 2015  7 posts Denis Fontaine (BoneOs) Mar 04 2015 at 07:58
When i begin to trade in forex in dec. 14 i found that very boring to make monkey money.

But with the contest is very stimulating and the TOP place to learn about your self and the stategy

And maybe see you on the top 100 over the thousand people participate

Don`t give up and GL

chatlion@
tineg

Member Since Mar 09, 2013  45 posts FX KISS (tineg) Mar 04 2015 at 08:08
bandi37 posted:
Will I be able to trade on the DAX30? anyone know?

yes,hehe.

"Failure is simply the opportunity to begin again, this time more intelligently." ~Henry Ford~
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HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment; do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions. Any data and information is provided 'as is' solely for informational purposes, and is not intended for trading purposes or advice. Past performance is not indicative of future results.