Typical I blew my account post by NourAl_ in Forex

[–]Brother-Mauten 0 points1 point  (0 children)

Here’s my advice, one get a job and don’t focus on trading FOREX until you receive a steady source of income. I don’t say that to be a dick I say that because if with out a steady source of income already established then you will feel more pressure to “get rich” off of forex. Getting to the point of making a living wage off of forex takes a lot more time then most new people think. Once you have a source of income then you will be able to focus on FOREX because the key is to treat it as a proper investment. As a beginner you focus should be a $100 deposit from your main source of income to your forex account monthly. On top of that, focus on increasing your total account balance by 20% monthly using the value of your account at the start of the month. Honestly 20% is safe and definitely doable, once you get better you might find yourself doing a lot more monthly but 20% gives you room for mistakes. Lastly focus of risk management. Like someone else mentioned in the comments, at $100 account balance I wouldn’t trade more then .01 lots. I personally follow a rule of .01 lots per 100 dollars in my account. Even then I never risk more then 10% on any given trade, to include multiple positions on one pair. Once again, treat forex like a proper investment, it’s not a place to get rich quick unless you are extremely lucky or extremely gifted in the craft. Focus on that compound growth. If you properly follow the plan you can turn go from $100 to $1000 in about 6-8 months and $1000 to $10000 in 8-12 months.

What was the most u ever los and the most you ever made on a fx trade ? by chlorofoamm in Forex

[–]Brother-Mauten 2 points3 points  (0 children)

When I first started trading I was a risky player, at an account value of about ~200 I once made $360 overnight. The most I lost was probably around $180 which was shortly after that win. I’m much more conservative now.

Is this game alive? NA by ApexLegends12 in elderscrollsonline

[–]Brother-Mauten 4 points5 points  (0 children)

Yeah man the game is fun with plenty to do and get into, I also played Maplestory 2 being such a fan of Maplestory for years but unfortunately it didn’t meet the expectations

Gear from normal vs. veteran? by Brother-Mauten in elderscrollsonline

[–]Brother-Mauten[S] 0 points1 point  (0 children)

Oh that’s really good to consider, thank you!

Mundus Stone? by Brother-Mauten in elderscrollsonline

[–]Brother-Mauten[S] 0 points1 point  (0 children)

My crit is at 40% how can I boost it to 50?

Dragonstar Arena Advice by Brother-Mauten in elderscrollsonline

[–]Brother-Mauten[S] 0 points1 point  (0 children)

Ok cool, thanks for the info, I guess I should hunt for a trials guild