You didn't post a topic yet. Let us show you how to make your first topic and upload your favorite forex robot. Guide me

Skip to forum content


Pages 1

You must login or register to post a reply

RSS

Posts: 8
Please rate this topic
Current rating: 0
Votes: 0

Embed topic to your site

Please explain ? :)

Topic: Please explain ? :)

Hi guys I'm new to mt4... a friend is trading for me but I don't understand it at all...

The attached image is what I invested in... profit is in minus? And then there's a deposit and balance...

What does it mean?? Does it mean I've lost money?

And what does deposit and balance mean??

Please explain to me if possible as I'm a little worried, my trader friend is hasn't responded to me yet...

Thanks

Gary

Post's attachments

profit.jpg 63.47 kb, 13 downloads since 2018-01-17 

Share

Re: Please explain ? :)

It means you have an open drawdown of about $22k.
If you closed all your trades, you will lose $22k.

Deposit is how much was initially put into the account.
Balance is the value as of you posting.

Carl

crodzilla's Website

Share

Thanked for the post: garyl2013

Re: Please explain ? :)

Forex is a foreign exchange market. Currency are bought and sold in forex market. If you think that price will go up you have to put buy call and if you think that price will go down you have put sell call. If your prediction rights then you make profit. But if your prediction is wrong then you lose money. To trade in forex trader need a broker. I am trading with CapitalsTrade.

Share

Thanked for the post: garyl2013

Re: Please explain ? :)

My trader said, the minus number (or the open drawdown amount) has been used to sell the currency at a target price next month on a certain date, if I cancel it now I will lose this number so I must wait on that day, then he will convert everything back to my original currency and I will get everything back , I won't lose anything, he said.

Does it sound legit? It's possible to do this on this app right?

Share

Re: Please explain ? :)

He said my account has been closed and the capital will be restored back to the original price next month... but I can still see trades... I'm beginning to doubt my trader... I don't know if it is just that i don't understand how it all works?

Share

Re: Please explain ? :)

If you don't know what the F*CK "your trader" is doing with your money... you are screwed.

I don't let anybody do anything with my money unless I know exactly what is going on.

You better find out ASAP!!!
Stop screwing around here!

Carl

PS.  And, sorry, trade insurance does not exist.  Don't even try that here.

crodzilla's Website

Share

Thanked for the post: garyl2013

Re: Please explain ? :)

DEPOSIT INSURANCE smile
Insure your deposit and never lose money again
https://fbsde.com/promo/insuranceAgents?ppu=4283405

https://mt4talk.com/img/m/2/5a6267a6063381.44587604.jpg

Share

Thanked for the post: garyl2013

Re: Please explain ? :)

Well he told me the negative number indicates a floating rate , not a loss and I can't get my balance back yet because it was place on  buy a target price in February but since i have requested for my balance back I'll get it back in February once the target price has been released.

What do you think? Legit or no? I'm scared. sad

Share

Posts: 8

Pages 1

You must login or register to post a reply

Last Posts

  • 19/03: MMA 2020 / EASS V3
  • 19/03: 2000 pips daily
  • 19/03: expert
  • 19/03: Ex4 to MQ4 Decompiler
  • 19/03: It is actually essential
  • 19/03: Script to Follow 50pip Trend
  • 19/03: super profit EA robot for eurusd gbpusd
  • 19/03: Experince Scalping PRO - MT5
  • 19/03: EA Combo (tested with over 2,900% profit)
  • 18/03: Robot forex fbs
  • 18/03: Fbs real
  • 18/03: Big risk will lead to the big profit right?
  • 18/03: FBS Spread
  • 18/03: FBS Account Type
  • 18/03: EA trademanager
  • 18/03: Cent account with high leverage brokers
  • 18/03: Parabolic SAR EA
  • 18/03: Af Global and Af Scalper code
  • 17/03: custom
  • 17/03: Good EA (updated 148 000% profit)
  • 17/03: fresh man from Taiwan
  • 17/03: Life change EA
  • 17/03: EA BAR V.4
  • 16/03: londonc breakout indicator
  • 16/03: Indicator bams-bung
  • Online Users & Stats

    • Total number of registered users: 30,011
    • Newest registered user: George Agbai Kalu
    • Total number of topics: 11,806
    • Total number of posts: 38,228

    Online users: 1,994 guests, 183 Members:

    100fere, adamFXUK, Adler42, admin, Aesly Muller, Afsigian Badir Distaki, Ahmadibrohim6, Ahmad_777, alakindebabatunde, Alberto Pierobon, Alex Mackenzie, ancplus.to, angelcirix, aniapar, Antonie, Argo Vilberg, artzrules, asrul, axel7969, Aymanadas, b78sandeau, baeds23, ball2goal, bestkid321, bialy233, BotFXLLC, boubou852, carlos.djalma1, chiquete, Cretu Vasile, cristian, cristianleal263, Cristiano Rosellini, cruelzhang, Daniel Stadelmann, darec, david795g, davidgw2046, Dawn Moore, Djek Richard, dle9314, dmp.forex, Donovan Sissing, duraiganeshib, EAInspirer, egor.server, El Sys, eugeneluigi89, evandrorp14, farooqmohd0011, fewcha, fj27903, ForexBond, forexnfx, Frederick Hitchcock, freshsalad.fx, fxoption88, gadjet7, Gelon Madison, George Kourogiorgas, Goran Zoric, goranm100, Gys Burger, hadipelda, Hanung Gampang Prasojo, hanuvemula, hendrikwong, Herntelo, hertzognel36, hiedeman18, hinaponn, iampick, jammer, jdeben66, jmvr30i, JoakimKarlsson, Joe0013, joinbehar, jonifxtrader, Jordan Pritchett, josegomis1, joskerone, jozmik, jsilvaqem, judeekatherinexx, junko, juris.gulans, kapayapatrick, koenaiza19339, Lars Dalgren, latiffx73, lephototumelo21, lmulrajani, Lucas Alonso, luisinho.nl, luizpaulolira, m.mitchwakahn, machs_nochmal, mageex, MagerMoLcH4, MarianNick123, marron.chihuahua, mathews, Maurilio7, Max.ndx5, maxheadroom, message4bayo, mikemeng, mikhaelvandeuren, miroslav_petkov77, Monday Adaji, monsane, mpexmetal, Mrluong87, muratekiciph, murugeswaranb, Myanmar River, myd1688, m_n4951, Naja Mcolipi, nakatama1, nash2203, nawef1793, nayazkhan4x, Neville Carr, newtonmoulick, nicouz, noyful, oscargfx, paksi1972, pblam, practicaforex47, Profit Forex, rad1958, rafaelidj, Raul IG, rcapitap1978, rhusbel, robbyw.binary, rockingrohitj, romans.shimkus, romitkatwal, ruloxp2003, sal-com, santuner, sasastephe, Sergio Cucinotta, servrsol, sijombi, SilverTrader, skupi, sofianesynchro, sollyvuso, tanvirbux, tassioreis, tellanup, tesrobot2, Thammarat Baokhao, thpi, tonyhall75, topaz790, totem221, TRADER1958, umt4, vadvid, Victoriano, vicvlog7, vogood, vrodvmax, vufx1972, why, William Piña, woodya22, xirixiao, xperya, yjfmlsx, zetenmor, zhutie, Zulumike, Алексей Отмахов, عزالدين بالنور, កូន កសិក, 雷雨揚

     


    NOTE: Hacked or illegal versions of copyrighted Forex robots are highly prohibited on MT4talk.com. If you upload any illegal version of any copyrighted Forex robot, your forum account will be banned. No exceptions.

     

    IMPORTANT: MT4talk.com is a public Forex forum, where forum members can upload open source Forex robots to share with other members. MT4talk.com forum does not sell or rent Forex robots, and does not provide guarantee or support for the uploaded Forex robots! If you have any question about any Forex robot, please open a forum topic! If you have a question about your forum account, contact: mt4talk@gmail.com

    CFTC RULE 4.41 – HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS, IN GENERAL, ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.

    Disclaimer - No representation is being made that any Forex account will or is likely to achieve profits or losses similar to those shown on backtests in this forum. In fact, there are frequently sharp differences between hypothetical performance results and the actual results subsequently achieved by any particular trading program. Hypothetical trading does not involve financial risk, and no hypothetical trading record can completely account for the impact of financial risk in actual trading. 
    All information on this forum is for educational purposes only and is not intended to provide financial advice. Any statements posted by forum members about profits or income expressed or implied, do not represent a guarantee. Your actual trading may result in losses as no trading system is guaranteed. You accept full responsibilities for your actions, trades, profit or loss, and agree to hold the MT4talk team and forum members of this information harmless in any and all ways.


    Copyright MT4talk.com Forum Rules - Privacy Policy.