Bloomberg TV
Candlestick Reversal Patterns
Calculate The Value of A PIP
Here is the lot size calculation
Formula is: (close - open) * contract size * volume * convert rate
Here's an example:
EURUSD
close 1.15200
open 1.15000
contract_size 100 000
volume 1 lot
account in USD (or USD cents)
USD is quote currency here, so convert rate = 1
(1.15200 - 1.15000) * 100 000 * 1 = 0.00200 * 100 000 = 200 (USD/USD cent). So, profit is 200 * 1 = 200 (USD/or USD cent)
USDJPY
close 113.200
open 113.000
contract_size 100 000
volume 1 lot
account in USD (or USD cents)
JPY is quote currency, convert rate = 1/113 (for this example, depends on open price)
(113.200-113.000) * 100 000 * 1 = 0.2 * 100 000 = 20 000 (JPY/or JPY cent)
So, profit is 20 000 / 113 = 176.99 (USD/or USD cent)
Formula is: (close - open) * contract size * volume * convert rate
Here's an example:
EURUSD
close 1.15200
open 1.15000
contract_size 100 000
volume 1 lot
account in USD (or USD cents)
USD is quote currency here, so convert rate = 1
(1.15200 - 1.15000) * 100 000 * 1 = 0.00200 * 100 000 = 200 (USD/USD cent). So, profit is 200 * 1 = 200 (USD/or USD cent)
USDJPY
close 113.200
open 113.000
contract_size 100 000
volume 1 lot
account in USD (or USD cents)
JPY is quote currency, convert rate = 1/113 (for this example, depends on open price)
(113.200-113.000) * 100 000 * 1 = 0.2 * 100 000 = 20 000 (JPY/or JPY cent)
So, profit is 20 000 / 113 = 176.99 (USD/or USD cent)
Forex Calendar
Sydney Market open at 0:00 GMT +2
This sets the tone for the day on what is going to happen to a currency.
AUD & NZD pairs are affected
Tokyo opens next at 01:00 GMT +2
This sets the tone for the day on what is going to happen to a currency.
AUD & NZD pairs are affected
Tokyo opens next at 01:00 GMT +2
JPY & CHN pairs are affected
Frankfurt opens at 08:00 GMT +2
All European currencies are affected here but not in a major way.
09:00 London opens GMT +2
This is the 2nd biggest exchange in the world & major movements happen from 09:00
EUR & CHF pairs are affected here.
14:00 New York exchange opens. GMT +2
USD and EUR are affected here as NY and London are open at the same time until 17:00
Expect massive movements here
Internal Transfer In FBS
Lost Trader or Investor passwords
Resources & Links
Market Open Times
Forex Factory (Download app to mobile)
Currency Graphs
Time Zone Converter
Forex Factory (Download app to mobile)
Currency Graphs
Time Zone Converter
Trader Telegram Library(Free PDF Books)
Members Telegram Group
http://forex.timezoneconverter.com/timezone=Africa/Johannesburg&refresh=5
https://www.forexfactory.com/
http://tradingview.com/
http://tradingview.com/
https://www.worldtimebuddy.com/est-to-gmt-converter
https://telegram.me/joinchat/AAppPT3cOnM48-Kqbm7FGg
https://t.me/joinchat/G9vXkg_pJV8yMnsuUT6LCw
https://t.me/joinchat/G9vXkg_pJV8yMnsuUT6LCw
Risk Management & Lot Sizes.
Be very careful not to use the incorrect lot size.
Using the incorrect lot size could lead to you losing all your funds.
Using the incorrect lot size could lead to you losing all your funds.
Cent Account Lot Sizes
$100 - $300 = 1.0
$301 - $500 = 2.0
$501 - $700 = 3.0
$701 - $1000 = 4.0
$301 - $500 = 2.0
$501 - $700 = 3.0
$701 - $1000 = 4.0
$1001 - $1300 = 5.0
$1301 - $1500 = 6.0
$1501 - $1700 = 7.0
$1701 - $2000 = 8.0
$2001 - $2300 = 9.0
$2301 - $2500 = 10.0
$2501 - $2700 = 11.0
$2701 - $3000 = 12.0
Micro Account Lot Size.
Recommended Lot Sizes Micro
$100 - $300 = 0.01
$301 - $500 = 0.02
$501 - $700 = 0.03
$701 - $1000 = 0.04
$1001 - $1300 = 0.05
$1301 - $1500 = 0.06
$1501 - $1700 = 0.07
$1701 - $2000 = 0.08
$2001 - $2300 = 0.09
$2301 - $2500 = 0.10
$2501 - $2700 = 0.11
$2701 - $3000 = 0.12
$100 - $300 = 0.01
$301 - $500 = 0.02
$501 - $700 = 0.03
$701 - $1000 = 0.04
$1001 - $1300 = 0.05
$1301 - $1500 = 0.06
$1501 - $1700 = 0.07
$1701 - $2000 = 0.08
$2001 - $2300 = 0.09
$2301 - $2500 = 0.10
$2501 - $2700 = 0.11
$2701 - $3000 = 0.12
Statistics My FX Book
How To Withdraw Capital & Profit Out Of FBS
Volatility
The Picture to the right shows you the pip range that currencies move daily.
The more pips movement there is in a day the higher the volatility. The more volatility there is the more profit you will make or could lose!
This is your bot and your capital, so trade carefully and wisely. Some of the pairs where there is lots of pip movement are not recommended by the bot engineers. So start small and check the drawdown. Then you can make a decision. If you leverage too much you WILL blow your capital.
GBP/AUD has proven to yield quite good results. But start with a small lot size of 0.1 on Cent account.
Any currency that has more than 150 pips per day movement could be good setups. Also check what pairs move together so you do not over leverage.
The more pips movement there is in a day the higher the volatility. The more volatility there is the more profit you will make or could lose!
This is your bot and your capital, so trade carefully and wisely. Some of the pairs where there is lots of pip movement are not recommended by the bot engineers. So start small and check the drawdown. Then you can make a decision. If you leverage too much you WILL blow your capital.
GBP/AUD has proven to yield quite good results. But start with a small lot size of 0.1 on Cent account.
Any currency that has more than 150 pips per day movement could be good setups. Also check what pairs move together so you do not over leverage.
The below pics are there to for information purposes only so you can see what currencies move together & which currencies affect other currencies.
Make sure you fully understand the risks involved & are 100% comfortable losing your investment whether you over-leverage or not. Even if you do not over-leverage there is a chance you can lose all your money. This is a bot and it can fail.
Make sure you fully understand the risks involved & are 100% comfortable losing your investment whether you over-leverage or not. Even if you do not over-leverage there is a chance you can lose all your money. This is a bot and it can fail.
The below pic below shows you what pair move together.
