Just completed my first successful trade. Why cant I withdraw it?

Hi Everyone,

First post…so be gentle :upside_down_face:

I have a live account that I just completed my first trade with. It was a successful trade. I generated $50.07 profit with the trade.

Now my Balance is $200, and Free Margin $250.07

I was going to try to withdraw the $50.07 that I just made, but its not available in by balance.

Why cant I withdraw the $50.07 that I just generated?

Thanks Everyone.

Hi Mick, I will try to be gentle. First, I will be honest and say that your question sends ‘scary’ signals and may be a reason for a lot of otherwise ‘help’ to pass this one by. The reason I say this is because it seems that there is a lot you don’t or may not understand yet. You have a $200 account and made 25% of that account off of “one trade” AND you want to withdraw the entire profit. So at this point several flags go up… Only your broker can answer why you can’t withdraw the $50 so I will not get into that. However; I will say that you should find that out and take action accordingly. In other words, if they will not let you withdraw, is there something in the agreement you signed in the way of balance/profit/so on that says anything about not being able to withdraw funds until “???”. Also; maybe the ‘processing time’ has/had not ended before you tried to withdraw it. Like maybe you tried to withdraw it the minute you closed the trade. ??? Oops, I said more than I wanted. The second thing I noticed is that you have a very small account (which is of course fine), but my brain is wondering what your intentions are with trading fx because having a $200 account, making 25% off of one trade, and then withdrawing that money doesn’t make sense. It’s almost as if your post is by someone who is just making a joke and seeing how many ‘idiots’ will fall for it. The last thing I’ll say is if you are seriously asking this because you don’t know, then I can tell you that you need to learn a LOT more. I’d love to make 25% on all of my trades!! Cheers, wessir

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Thanks for your reply mate.

It turns out that it takes a few hours before it goes over to actual balance. Yes, Im new, and yes I didnt know that. And yes I need to learn, its my first trade!

Michael

Okay excellent! If you haven’t, and I haven’t been through it in 15 years, go through the pipsology school. Also; read some community posts, strategies, so on. Don’t trade them, just read (and I don’t mean harm to anyone saying this) see what people are doing, trying, and just get a feel for it all. Most important is figure out how you would like to trade yourself, short term, long term, so on… Here’s what I feel is the most important thing for you: Look at your charts! Look at long term, short term, zoom in, zoom out. For example: Let’s say you have a pair opened up to a 4 hour chart and you’re zoomed out enough to see a few months or so of history. Just study it. But don’t just study it, do the following. “Okay, where would I enter a position and where would I get out of that position and the most important (in my opinion) why would I get out of that position” If you actually start doing this and keep doing it, you will most likely get to a point where you say to yourself “Sh.t, I’ve got it!!”. That is when you now do this: Either get a board to cover your screen or simply pan back through history and start ‘somewhere’, or get something like forex-tester (whatever it’s called). Then you take your “I’ve got it” strategy and start trading it WITHOUT seeing the results before you enter and exit trades. So you could basically scroll your chart to the right for say a couple of years worth of price movement and then scroll one or so candles at a time to the left and enter and exit trades per what you have discovered!! This is now the only and first time you will be able to feel ‘the real deal’. Now I’m not going to go any further here because I’m still a little confused because you said you are new to trading yet you have a live account, and you place a live trade already that ‘as we know’ made a 25% profit. The reason I say I’m confused is because I’m not sure what you’re doing because if you’re new and don’t know anything, how did you decide to open a live account and place a trade without knowing anything?

Hate to use this term but OMG! I just logged out, walked into the other room and then realized “OH NO, MickSilvester never asked for any help on what I told him, he simply asked about getting some funds from his broker!”. So I am back here to apologize for giving you information you never asked for. Take care and good luck to ya.
Wessir

If you closed all positions your free margin and balance should be the exact same number.