No, well what happened he opened my acc live straight away put some trades on for me a few times interactively then couple weeks down the line he let me choose after that i put a few on myself then he said his boss said my acc wasnt making enough profit and said i had got to put these other trades on one of which cost me dearly ie 4k gbp i expressed my annoyance things went down hill for various reasons now he is not
Communicating with me. I started 5 weeks ago! Ive made profits but made more losses😓 the company
Is making excuses about me having some money eg
The account has open trades etc still waiting to hear back from them on this. Meanwhile i want to try and recover my losses. How do i know what amount to put in the stop loss or is it a percentage? I asked my trader/account manager but he didnt tell me or put one on when he first opened the trades
I think you need another account with another company, one which does not run trades for you.
Yes but they have all my money!
I really don’t know what you want us to say here.
You absolutely have to stop giving away your money. Get what you have left (If any) back from these people.
STart reading the Babypips school and do not do anything with real money, until you at least know what the basic principles are.
i am agree with tomor, you need to open another account with another company.
I meant you need one account, but not with this company. Withdraw your money out of there and open another account with another company which does not run trades for you. Look for a company which is well regulated - please post the regulator over the company that has lost money for you.
I know. I would but he has my money and i’m kinda not getting very far with getting my money from them!
Thanks for reading🙂
Hello 110; just spend your time on BabyPips School; there you’ll get all of the answers on SL even on TP, Pending orders etc!
Simply put, the stop loss is the place on the chart where your analysis was wrong.
Yes i will
In this case; support/resistant levels play a very important role as SL/TP! Besides; previous high & low levels are also countable!
Figure out who regulates the industry in your country and lodge a complaint against this company. Close all open trades so you don’t lose any more money.
Do a google search for complaints against this company and figure out what steps others may have taken to retrieve their funds.
The chances of you retrieving your funds are probably small but you should try your best to do so. Don’t just sit back and let them rob you. Give them hell!
Makes me so mad that these rogue companies are allowed to operate with impunity.
You HAVE to open a paper-trade account until you understand how things work.
Thank you i can do that🤔
Yes i will do this now… though my account manager never told me this!
He does not make any money when you paper-trade.
iam fu…g shocked!! how can you let others trade your money without having the smallest idea about the topic of trading!!! forcing you to trade sounds highly ilegal to me …wtf
get your money back and take a lawyer …
and before you think " i wanna trade again" make yourself familiar with the topic please!
wish you all the best and that karma will take care of this so called company !!
Thank you mate i was only gonna do the 200.00 but he sold me a ‘strategy’ where i could make 3k> plus each month with 10k. I cant call the man/company as the numbers they call from are weird and sort of connected to a computer automated msge and i cant leave a voice msg. Only hope is via email which takes 3 days for a reply. Ive contacted our fraud people but it’ll take an age as theyre so busy. I’ll continue with trades in the meantime to raise my balance in the hope theyll refund me only then can i go with a reputable company and trade properly.
You should assume what is it just by judging with it’s name and that’s really it. So please do work with that. It’s the point where you stop losing actually and you should set it. Like some people already suggest you really need to play with demo account first.
I read such info:
A Trailing Stop Loss is a Stop order that can be set at a defined percentage away from a pair’s current market price.
It is designed to protect gains by enabling a trade to remain open and continue to profit as long as the price is moving in the user’s favor but to close the trade if the price changes direction by a specified percentage deviation. That function allows users to specify a limit on the maximum possible loss, without setting a limit on the maximum possible gain.