first of all, thanks for read my note… emm, actually i have many question but i will start with 3 question… i search google to find out but the note that i get was high level words, hard to understand for me, newbies. this is my question and i hope my dearaest friends can explain to me in easier way that i can understand… thanks
Hi, the “level” box or field appears when you want to modify a position. The number that you put in the box is the number of pips away you want to take profit or modify a stop. for example if you place 30 in the left hand one, this means if price moves 30 pips from where it is now against you, you will be stopped out. same for the take profit. personally i do not use these features.
A trailing stop is where you set a stop loss to follow price an exact distance from where price is.
for example. if you are up 100 pips and you place a 20 pip trailing stop, you will be stopped out if price reverses 20 pips at any point, so it may go to 150 and reverse in which case you would be taken out of the trade with a 130 pip gain. When and where you use these is up to you and on your trading strategy.
as for being kicked out before the TP was hit i dont know.
In mt4 hit the help button and there are help topics for most aspects of the platform
hoff
Could it have been a margin call that ended the last trade? I don’t have enough info to tell for sure, but it was a very big loss compared to the others, so that might be the issue…
thanks to my friends…
hoff and phil–> can u find out what the problem with my first question? i cant find the answers since my english is bad… hehe… i already loss enough, so i feel fear to start trade again. so i must find out what happen before i can start trade again… i love that trade game n i dont want to easily give up… pliz3
You should be demo trading untill you are 100% comfortable with these things:
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Using the MT4 platform (google for tutorials).
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Risk management.
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Leverage and margin.
You’ll also need a sound strategy and the disclipine to follow it.
Good luck.
chuky im looking at your picture that you provided, did you place a stop loss on these trades? could be a margin call? i dont know i do not have enough knowledge of this field as ive never had a margin call.
do not risk more than 5% or your capital on a trade, and place a stop to get you out…
If this is real money trading then you need to STOP right now. you will need to understand exactly how your trading platform is working before you use it. therefore get a demo account untill you have mastered this.
this is your project for next week. forget about trying to make money at the moment. get a demo a become familiar with everything.