i am day trading for 4 months – started with 2,000 euro -now have balance of 22,000 dollars but it takes vigilance and rolling with the losses .

Just a warning everyone. I’ve purchased Peter Bain’s course as well as three other trading systems back in 2003-04 and have been attempting to trade forex for five years. My account balance is still below $100 even though I’m trading microlots. Forex is not get-rich-quick and you can spend years and still be unsuccessful despite buying several trading courses…

great video i have value information about the topic if you want learn more you have an open invitation

your’s must be a mini not a standard account

My pip value is a Dollar not ten dollars.

So have I got it correct in saying that if you make a purchase of the ‘AUD/USD’, of one contract size, I would be buying $100,000 Australian dollars.

And…one pip movement would mean 0.0001 USD in order to buy one Australian dollar, which would then need to be convertedt back to Australian dollars to asses the p/l you have encountered so far?

Hi dave, how long do you think a trade ,has to be held before?

hi Dave ,, really enjoyed this lesson , i wanted to know does the pip cost vary when trading in a different type of account . eg trading in a mini account where the lot = 10000 ? i think the pip cost will be $1 if US is the counter price right ?

I really liked your channel and this video. If you need any help getting this video exposed I use a site called tubeviews.(net) It has really helped like 20 of my main videos get to the top in position. Its nice.

There is software im using to send atleast 20,000 text message a day advertising my online business…it is amazing. I think they have a free demo to try as well autotextsender.(c0m) God Bless!

thanks for sharing good stuff man

hey great videos, do you have any tips on how to make good profits i am barely breaking even i have too many pips help.

Hi Horsefly4, When trading with most retail forex firms, they standardize the amount traded into contract sizes of either 1,000, 10,000, or 100,000 of the base currency. So in the above video when I say 3 contracts I mean 3 lots or 300,000 of the base currency. Best Regards,Dave

what does he mean by 3 contracts?