Hi all,
I am new to forex, so please do disregard any stupidity. It was unintended.
I am dreaming all about how rich I will be one day with forex by just trading 10 standard lots (that’s 100$ per pip). That way I could be scalping and make thousands a day living happily ever after right next to Warren Buffet.
Okay, back to reality is it actually possible to scalp with 100 standard lots, to be honest, and are my plans feasible?? Is slippage an issue with this kind of trading???
Stupidity is always unintended, No-one every intends to be stupid.
but… ok, lets hear what you have to say…
Keep Dreaming…
Warren buffet doesn’t know you so he won’t be hanging out with you.
that is the first reason why your dream will not come true
“HOW RICH YOU’LL BE”… huh
and HOW RICH IS THAT ? by the way.
You don’t know… do you ?
that’s the second reason why it won’t happen
3.
LIVING HAPPILY EVER AFTER
These are words from a fairy tale
that’s the 3rd reason why it won’t happen, Fairy Tales are not real and warren will tell you to F off after a while because he’ll be bored with you and tell you to hang out with bill gates are bit.
hehe
so… You actually think that you are BACK TO REALITY here ? hehe… OK
that’s the 4th reason
5.
now we have a serious question
let me ask an equally stupid question.
before posting this… HAVE YOU ACTUALLY TESTED THIS ON DEMO
if not
Test it on Demo
further to that
it is almost impossible to answer this question given the information that we have.
Mate… DREAMING IS FINE, but the key is TO MAKE THE DREAM, THE REALITY
and, You can’t do that if you don’t plan anything or define anything or set goals
First your head needs to come out of the clouds
Secondly you need to do babypips education
Thirdly, you need to trade on demo for around a year
another thing you can try is , Track down warren buffet and ask him how he does it.
that advice will be much better than anything you will get here
Hope that helps
Hey Martin, chill. I am kidding of course.
On the demo, things are simpler as the real market remains unaffected by what happens when I place my trade??
I have a plan too. It’s just that I am not sure if my assumptions are indeed correct.
what makes you think that i am anything but chilled ?
why did you say this ?
did i say something to suggest to you that i’m upset ?
No they are not
a Demo account is a replication server (note the word REPLICATION)
the complexity of the trade is identical
yes, you are not affecting the real market when trading demo
but the difference in Real vs Demo is greatly in your mind for the most part
the reality is a Live Account is a Production Server
the Demo account is a Replication server or you can call it a Test Server
they receive the same data feed
I am not trying to get into an argument mate, but those words in CAPS definitely suggest you are angry or upset. But I am planning to check if there is knowledge I can actually gain to address this naivety of mine.
I have read all the technical indicators and also made money (1000$ a day) on demo scalping.
What I am trying to get to is, are my assumptions valid to take up an endeavor as described.
there is no argument
and the CAPS (when i use them) do not Mean , yelling or anger or anything like that.
all they mean is… I’m trying to draw attention to a point, that’s it
we are not arguing and i’m not angry (just to be clear)
what i was saying was
Test this theory of yours
and
go to babypips school
that was basically it
ok
for how long have you been doing this
and
Are you trade sizes consistant or do they fluctuate all over the place ?
because if you are consistant and have been for over 6 months, you can reduce your risk and take a crack on Live
because you have proven you can do it
but BE SURE YOU HAVE PROVEN IT
Like any risk management, the move from Demo to Live is also a risk to some degree
MANAGE THE RISK
so how long have you been doing this for ?
Okay, I just tried the strategy right now and it seems like there are problems with execution on demo accounts. The bid and ask values are stuck and the account isnt making an progress.
So bottomline 1M (10 standard lot) is a lot for my broker/market.
@forexHoarder
so is that a problem with your broker then
in which case get a new broker
or do you think it’s a lot size issue meaning… it’s too high (which i doubt)
i think Until you get to 100 Lots it’s not too high, but, i could be wrong , from broker to broker it may differ
also, it is at the brokers discretion where and IF they want to fill your order
so at the moment.
YOU TRIED IT
CONCLUSION… IT DIDN’T WORK
ANSWER : TRY SOMETHING ELSE