>234 pips down on EUR/USD because I forgot to set my stop loss
i-it'll be fine r-right, t-the market will c-come back around r-right?
>>1454331
Are you shorting or going long and where did you enter?
Looks like it might crash soon but it could go pretty high before plummeting
>>1454331
how much money did you lose?
>>1455786
200 pips is a fucking shit ton. Unless he meant micro pips.
>>1454331
My SL on that pair is 240 (when I use one) anyways
>>1454331
what's wrong with you retarded cunts? why do you think you can trade forex successfully?
>>1456289
Can't say for others but I'm in a micro acct
>>1456239
Well how much would 200 pips be?
>small tp, no sl. Constant small profits until you don't get the crippling blow
>small sl, no tp. Constant small losses until you don't hit jackpot
Nobody does #2, which is why 99.96% retail fx traders lose everything after 2 years on average
>>1456323
Depends on his lot size. If he did a standard lot which is a dollar per Mico pip and there are 10 micro pips per pip. Well I guess that's about 2k.
I doubt a rookie for do dollar sized bets though. He probably used much smaller lot sizes... I hope.
>>1456476
Yeah most rookies don't understand you can't just gamble with these huge stop losses or no stop loss and hope to win a few pips. You should be taking g position with small pip risk and looking to earn 4 to 10 times that pip risk. Or after a certain point let it ride for free or with a trailing stop.
>>1456298
Your account size does not change the size of the pips and candles. Measure the candle on a day chart or measure the pips from the top of one day cycle to the bottom and that's usually about 100-300 pips on most pairs. Some pairs move much less than this and some move much much more than this.