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Position explained?
Oct 27, 2021 at 23:38
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9 Replies
Member Since Oct 27, 2021
4 posts
Oct 27, 2021 at 23:38
I did a trade with broker/analyst. I was supposed to SELL but accidentally chose BUY. I made 11k but this doesn't make sense to me. Please someone explain this for me. Thanks!
MT5 & 65k balance.
MT5 & 65k balance.
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Member Since Aug 27, 2017
84 posts
Oct 28, 2021 at 06:15
What is not clear? You open a BUY position and the price went up which means that you made a profit. You opened with 100 lots which is big by the way so few changes in price resulted in a big win.
Trading is a marathon, not a sprint.
Member Since Apr 09, 2019
516 posts
Oct 28, 2021 at 10:16
You made more mistakes here than just placing a buy instead of sell my friend. You got away with it here.
If you can't spot the liquidity then you are the liquidity.
Member Since Oct 27, 2021
4 posts
Oct 28, 2021 at 13:28
Seems like i understand the profit here. But i dont understand how this calculated. Im supposed to go like
55X100X?
How much is the ? Dollar amount?
Bytheway, untill i figure out if im able to withdraw any money with this broker, nothing going to excite me. I made another 16k this morning, EURUSD. Just the numbers for me. 🤔
Member Since Mar 17, 2021
494 posts
Nov 06, 2021 at 18:25
skihav posted:
This should be approached quite seriously, because it affects the results of the work quite noticeably.
I agree with you.
Member Since Oct 27, 2021
4 posts
Nov 07, 2021 at 16:33
Its real account
Member Since Jul 23, 2020
816 posts
Nov 08, 2021 at 16:11
Did you trade it in a real account?
Member Since Jan 13, 2021
50 posts
Nov 08, 2021 at 16:22
Forexnew2021 posted:
I did a trade with broker/analyst. I was supposed to SELL but accidentally chose BUY. I made 11k but this doesn't make sense to me. Please someone explain this for me. Thanks!
MT5 & 65k balance.
Well you got super lucky and obviously made the wrong call to sell, so maybe check analysis
Member Since Jun 17, 2021
44 posts
Nov 09, 2021 at 05:46
@Forexnew2021 Can feel you. The actual excitement of the profit comes when the money is in your hands. On the computer screen, these are just numbers. I faced the same issues in the past where I couldn’t withdraw my money but thankfully it’s all sorted now.
I think you are not very confident about your broker. Don’t wait for a big amount to withdraw. Try to withdraw little amounts frequently so that you don’t have to waste your time.
I think you are not very confident about your broker. Don’t wait for a big amount to withdraw. Try to withdraw little amounts frequently so that you don’t have to waste your time.
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