5% - 10% profit per day trading

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100K = 100,000

In IB there are no lots or spreads. You pick the size of your own trade. I usually trade in size of 50,000, 100,000 or 200,000 etc
 
1 pip = $10 standard
50 pips stop was used on the first trade

@lemmeplay

I also have an account with IB. Do they let you trade forex with the standard account?
If yes whats the leverage?

@all

I am now long GBPUSD 1.4695 target 1.4730 STOP 1.4660
Once again 4 lots
Margin utilized = 1250 USD
 
Quote from wee man:

That's some chart you've painted there Spanny, sure you aint taking a mad turn?

Dont cut your ear off!
More...


LOL


I was chatting to a guy in chatroom n said i would show him where the key levels are gan be.

but my hand got tired n bored after 3 lines so i just told him the levels instead... :cool:


They are gna be- 39.26, 38.86, 38.62, 37.86, 37.26
 
im looking at oil but no matter what time frame you look at theres no tradeable formations! :mad: :mad:


40.26 is support and has held well over last few days,
but it hasnt actually bounced oil up to anywhere,
merely allowed it to slide along it repeatedly.


So all i can see is maybe it doing a pendant by taking out 40.26, going down to test 39.86, and id liek to see it break through that then with some gusto to bring life back into oil
 
exited my aussie trade @ .65799 with $187 net profit



usman, yes you can trade everything in IB, including forex.

The margin for the 100,000 aussie that I just traded was $1,500
for 100,000 cable margin = $3,500
for 100,000 EUR margin = $2,800
etc, etc

To check it yourself, open up your IB TWS and add the symbol
GBP and then in the pop up select GBP.USD (IDEAL PRO) <- (very important, it has to be idealpro)
Then just enter a trade amount but don't transmit, just right click and chose "Preview Margin/Requirement" it will show you required margin.
 
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