Hello, I am new to forex trading, and have been studying TA for the past couple weeks. I knew a good bit about candles and chart history and TA through success in long-term holding in stocks. I started a 100 dollar account through forexcom and trading view (I know its very hard to grow a small account). My idea was to set rules and follow them. I set a short trade up on GBP/USD at a 2:1 risk ratio with 10% of the account. the charts showed it passed my profit target and the trade was “working” still. I am wondering why it wasn’t triggered. I am using forex membership through trading veiw. I have set rules to only trade pullbacks with stops from either a place of support or resistance, and grow my small account overt time. everything seemed fine its just that the order wasn’t triggered. Again I am a newbie so there is probably something overlooking.
Thanks for any replies.
I aslo realize that 10% is very high with such a small account, But through my other trading history and the fact that I have 100 Dollars that I want to forget about and let grow, I think this will be a good test.
If you’re able to confirm on the chart that the ask price quoted was the same as the price of your take profit order, then you should ask your broker why your order was not executed.
I think maybe using trading view isn’t the best idea and I should try it directly through my broker. I was able to confirm it on the chart. it well passed the take profit zone. I think I’ll try it direct through my broker and check back.
Thank you so much for your reply!!
You should probably go for some other broker if this is not working. There are so many good options to choose from.
i’ve been involved in the world of trading, in various capacities, for over 40 years, and i’ve never yet seen a system, however robust, that will withstand 10% staking indefinitely
it’s a good way to have a brilliant method with a good, genuine edge and still blow the account
cut it down (a lot) and give yourself a chance!