Position explained?

Oct 27, 2021 at 23:38
575 Visa
9 Replies
Medlem sedan Oct 27, 2021   4 inlägg
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.

Bilagor:

Medlem sedan Aug 27, 2017   121 inlägg
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.
Medlem sedan Apr 09, 2019   538 inlägg
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.
Medlem sedan Oct 27, 2021   4 inlägg
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. 🤔
Medlem sedan Mar 17, 2021   536 inlägg
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.
Medlem sedan Oct 20, 2018   300 inlägg
Nov 07, 2021 at 10:49
First of all you need way more learning before trade in real. I say in real cuz i`m almost 100% sure this screen is from demo.
momchil_slavov@
Medlem sedan Oct 27, 2021   4 inlägg
Nov 07, 2021 at 16:33
Its real account
Medlem sedan Jul 23, 2020   869 inlägg
Nov 08, 2021 at 16:11
Did you trade it in a real account?
Medlem sedan Jan 13, 2021   52 inlägg
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
Medlem sedan Jun 17, 2021   46 inlägg
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.
Logga in / Registrera dig to comment
You must be connected to Myfxbook in order to leave a comment
*Kommersiell användning och skräppost tolereras inte och kan leda till att kontot avslutas.
Tips: Om du lägger upp en bild/youtube-adress bäddas den automatiskt in i ditt inlägg!
Tips: Skriv @-tecknet för att automatiskt komplettera ett användarnamn som deltar i den här diskussionen.