Here’s an explanation of what you see in your MT4 and why you need to look at them.
Figure at top - your running profit or loss on all trades
Balance - This is your cash balance which includes the cash that is currently being utilised in your trades
Equity - Your balance minus/plus the trades - where you would be at if you closed all the trades at that moment
Margin - the amount of money you need in your account to be able to place a trade. Like a deposit.
Free margin - Equity less the margin. You want there to be equity. This is also where if you calculate your position if the market were to move against you to a certain point you can see if it takes up your free margin.
Margin level % - this is calculated by your equity/used margin x 100%. . The closer you get to using 100% of your margin the closer you get to being stopped out. You always want a healthy margin. At least 500, over 1000 is better, when we are running large lot sized trades.
So check in on your margin level daily.
The commentary I write is not financial advice, it is meant to help others with their self knowledge and growth.
From February 2021 onwards I'm just going to share my trading results monthly. Trading is a long term activity and I have found at measuring at daily and weekly level there is alot of activity and can be a bit too emotional for me so I think just looking at a higher monthly level would suit better. So I wont release my Feb results wont be released until the month is complete.
If you want to see my results within the month then please do ask and I can share.
Matt is a fantastic ambassador of how you can change your mindset and your financial map. He's done a complete 180 in his life, his confidence, outlook and his future is looking very bright.
IX Global's mission is to Innovate, Inspire, and Impact those that endeavor to do and be more. They support people on their journey to improve their financial literacy and have access to content that helps you grow as a person.
Matt has taken action on what IX Global has to offer and made it his own. In this interview. Matt shares his journey, his learnings, and how he's making an impact on his life and his family. He encourages all to do exactly the same. We all have the ability to make small consistent change.
See more of my interviews on my You Tube Channel.
Max is an avid fisherman. It's definitely one of his key passions in life but the other key passion is working towards a passive income long term. He started his trading journey about 2 years ago. He started with manual trading but when the option of automated trading services he jumped on board straight away. In this interview, he shares his beginnings, his learnings, and his guidance on considering automated trading services. His relationship with life and money which are made a 180-degree turn. He's keen to share this learning with others who are looking for a better work/life balance.
See more of my interviews on my You Tube Channel.
Different Vibration of Money | How To Make Money Mindset | Money Mindset | Money Mindset Expert Gull Khan
[taken from her You Tube Channel]
Who is Gull Khan?
Gull Khan is a former Banking and Finance Lawyer, who left her corporate job to pursue her passion and become a Money Mindset Expert and Healer. She helps Entrepreneurs break free from their limiting beliefs about money so that they can live a life of unlimited abundance.
Gull successfully overcame her battle with dyslexia and then completed her Law Degree at Queen Mary, University of London. She then went on to become a Barrister with Middle Temple (UK), Attorney with the New York Bar and a fully qualified Solicitor with the Law Society of England and Wales in the UK. As a lawyer, she has worked for some of the top international law firms, such as Skadden, Arps, Slate, Meagher & Flom, and Herbert Smith as well as international companies, such as Shell Inc.
Gull is a trained Intuitive Life Coach and a certified Emotional Freedom Technique (EFT) expert, with a special focus on money in each discipline. Gull has helped hundreds of men and women to heal their money stories and to manifest up to $830,000 within 8 weeks. Gull lives with her two children, and two cats in London and has two passions, money and Bollywood
Its been a quiet week on the trading from for R2D2 and that's mainly because of the time of the year and avoiding any volatility but last night the traders saw an opportunity and it paid off!! This morning I saw this beautiful profit on my MT4 app. I was very excited and its moments like this that I love automated trading. Nice christmas present there for sure! xx
I'll share a more detailed note in my R2D2 results but I just had to give this trade a bit of its own glory on my blog.
These are my own results. Returns are not guaranteed and any capital is at your own risk.
A great open discussion about IX Global's key products, R2D2 & C3P0. A more indepth overview to help you see what is going on in the background and how it is serving IX Global customers. Gold is a key discussion in this interview.
I'm excited to go into Year 2.
My answer to: 'Losses after more losses? Why are you getting people to sign up to this? Scam. By Mr. A Pessimist!'
So, this title is inspired by a comment I had on a post from an Mr. A Pessimist.
I’d like to thank them for their comment because its comments like this that help me drill deeper into helping people see the power of automated trading service for those that are truly skeptical, like Mr. Pessimist. His comment reflects probably a large percentage of people who remain skeptical of other ways to earn an income outside of the traditional l banks, saving plans, pensions and financial tools. All tools I have in my financial kit too because they are worthy services. His comment also reflects the negative press forex trading gets which is heavily created by the ridiculous claims that are often shared or people with images of fast cars and tonnes of money. So, I respect his opinion and I hope that he finds the answers he’s looking for.
The opening sentence was ‘Losses after losses?’ They punctuated it with a question mark, so here is my answer.
In this year of trading I’ve had 2 losing weekly moments. They just happen to coincide with one another in the same month. The first one was the US General election (US$31) and then I lost my profit earned from the month of November (US$141). At the point of the loss my profit was actually up at US$119 so it had been a great month. This loss was caused by a technical glitch which has now been resolved. IX Global worked super hard to turn this around and given that I know the teams I was pleased to see the action taken quickly and the communication of the error being spoken about. There was nowhere to hide so it had to be addressed with the many IX global customers. A bit like when TSB had IT issues with customers bank accounts. Technical glitches can happen.
What I lost was profit not capital. In my opinion that money was not real to me unless I had wanted to withdraw it from the account. What I lost in Noember was a percentage gain which equated to 3%. Overall, since my account started I have earned well over 50% over and above my capital. Which is far more than my bank or current retirement plans are earning me. Yes, forex trading is riskier, but the returns are far more lucrative. If you can be emotionally detached from your trading, then you are 80% there. Initially I was bothered by the loss, but when I put it into prospective, I found calm in my head. My rational:
Their next sentence: ‘Why are you getting people to sign up to this’. Also finished with a question mark, so here is my answer to that part of the question.
Through my blog I’m sharing my trading journey. I openly share my results, learnings and answer questions so that those curious can get a real picture of what its like on a weekly basis. I remain open, honest and transparent about my results because at the end of the day this service is riskier than guaranteed profits return you would get through other financial tools and I want people to see if for what it is.
This is also an industry that is completely alien to a lot of people who have been taught that we should be saving money and using banks, ISA’s and retirement tools that guarantee income. These tools offered by banks and financial institutes also use the forex markets to make money from your money invested. They are doing it, why can’t we! Deutsche Bank is the world’s largest foreign exchange dealer with over 21% in market share. Another reason I hear often is forex trading is just for the rich people and not acceptable to the ordinary person in the street. Its not acceptable to the ordinary person in the street because its not offered to them as an option. Its also presents itself as a walled opportunity. Only open to those that are math whizzes and those that have a ton of time to read charts. Automated trading gives you an option to tackle these two issues and get yourself into an industry which could make you a good return! People make their own decisions based on their own due diligence if this is right for them. I share my journey as evidence of what automated forex trading can bring them.
The last word, ‘Scam’.
Well that is an opinion and if I’m part of a scam then I’m very confused by the success and results of some of the other IX Global customers. I’ve connected with many customers to share forex questions, insights and experiences. Each week these customers rave about their returns and share the glory of their money growth because they are more than delighted with the results so far. I see them posting their results on Facebook and happily express to world another great way to earn a passive income and really feel money abundant. IX Global is changing people’s lives and that is exciting too watch and see. I’ve also been a customer for a year now and if I hadn’t been seeing my capital grow, I would have stopped this journey a long time ago. Its been worth it and I’m very excited about 2021.
Mr. A Pessimist, thank you for your comment and thank you for helping me think about your post and adding more clarity around the opportunity for forex trading. Its been a pleasure.
Merry Chirstmas to everyone at IX Global, all my forex friends and Mr Pessimist!
These are my own results, learnings and experiences. Before forex trading do your own due diligence and answer you own questions. Returns are not guaranteed and any capital is at your own risk.
I serve people who want their money to work harder for them instead of it sitting in the bank.