Free Mentor-ship Program

[Leroyj38]

Hello, David, Can you mentor, teach me how to read and understand charts?

[vinnytrades]

Have you guys seen forex mentor RealOceanSky on social media?

[arriagajr91]

Thank you DB for the help you offer here, so quick question

Which chart would be best used to spot and enter a trade

Candle sticks or Line Chart?

Which i seen most traders use candlesticks but idk how they can spot a trade with a line chart which i kinda complicated for me.

Thanks

[naiveme]

Hello naiveme,

It is very simple to do so

I assume that the currency used is Australian Dollar = AUD

Deposit = 1000 AUD

Balance = 806.05 AUD

Profit/Loss = -193.95 AUD

As you can see that you have [B]Loss[/B] and that is the reason it shows a Minus sign before it

If you get Profits then it is without any sign

Also if you get Profits then your Balance will become more than the Deposit.

But in your case it is less as you have got a Loss

[B]Losses calculated[/B]

-23.61
-31.22
-86.57
-52.62

• 194.02

You have a profit of 0.07 in a single trade

So Net Losses = 194.02 - .07 = 193.95 AUD

From your trades it is clear that you are not using [B]Money Management[/B], and also your trades are of very short duration [I]( Not recommended)[/I]

[I][U]Also i will tell you a simple Formula to calculate Profits / Losses[/U][/I]

[B]Total Profits = Balance - Deposits[/B]

[B]Total Loss = Deposit - Balance[/B]

Hi David, actually that’s not what I intended to ask. Those trades is just I trying to learn enter & exit a trade. Just to get a feel of it.

If you look at the top 1st row trade that I take:
I buy 1.00 size gbp/jpy @172.967 and sold a @172.947 and profit was -23.61…
Same with others trade I do not know how its come out with that calculation.

Question:

1. That’s what I’m asking as how to get the (-23.61)?
2. What does 1.00 size actually mean?

Thanks for your time:21:

[Zarterose]

Time Frames:

• M1
• M5
• M15
• M30

Now see what happens for a week in all of them

Great time frame selection. Please guys take this awesome advice. If you guys are newbies at least there is a fast and sure way to delete your bankroll.

[epeace]

If you look at the top 1st row trade that I take:
I buy 1.00 size gbp/jpy @172.967 and sold a @172.947 and profit was -23.61…
Same with others trade I do not know how its come out with that calculation.

Question:

1. That’s what I’m asking as how to get the (-23.61)?
2. What does 1.00 size actually mean?

naiveme, 1 lot is 100,000 units. so the math works out to:
1 lot GBP/JPY buy at 172.967 = 17,296,700 JPY
1 lot GBP/JPY sell at 172.947 = 17,294,700 JPY
creates a net loss of 2,000 JPY
apply the conversion rate of your account’s currency (AUD), at the time of the loss was 84.71 JPY, and you get a net loss of 23.61 AUD

hope that helps

[Leroyj38]

Ok, David will do, are you located in the U.S.?

[Zarterose]

Pls ignore such people who have nothing to do but just distract newbie traders from becoming profitable

The reason is very simple any profits you will earn will come from the losses of other traders like them

You are just an amateur. I have not seen any threads here where 1 person got so many chritics like you. You copy paste the same message for every single person in the Introducing Section, even if people do not ask anything.

The whole thread is a spam without having any value. Dont you like this comment? Bad for you, click through your own thread. Experienced traders criticize you because they understand your horrible advices. Unfortunately for some newbies, they do not realize yet that in this thread you are only paying attention on 99% marketing and 1% value added work.

Distracting people? Lol you are the one distracting them with your great advices of trading on M1 minute charts…

[Leroyj38]

Ok, awesome! How can I determine when a trend is going up or down, what is the
signal to look for with candlestick? And I did what you ask, putting pairs in different time frame, what am I looking for after setup?

[steeltoro]

[B]Free Mentor-ship Program[/B]

Hello traders,

I have now 10 years of trading experience in the Forex markets

I must say that this is a place when you can earn yourself income and make a career if you get the right direction.

Unfortunately many Newbie traders do not get such a help and they often look for Books or Costly Training materials which do not help them in any way.

So i though to start a [B]Free Mentor-ship Program[/B] only for BabyPip members here in This thread.

Any member can ask anything, and ask as much as you want to

Regards
David

Man oh man. Thank you so much for this!

[steeltoro]

Hello,
Just a couple of quick questions:

1. Is it possible to safely swing trade the ForEx? I have a slight background in options trading and the market movement is much slower. Forex seems like it can go all over the place very quickly, but I simply do not have the time (yet) to watch it all day.

2. What type of tax rate on profits would I be looking at as a single individual with no dependents?

[service]

I never see any free mentor ship program as everybody wants to earn money, therefore they present the mentor-ship after getting charges, I would like to say that is any person will give the free mentor-ship then it will be golden opportunity and we should avail that opportunity.