People online trading other pair and buying more that thier balance

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I have seen lots of videos on youtube and other platforms of people flipping for example $6 to $50 in one trade. They trade a pair "XAUUSDm" personally i cant find the pair that has the "m" on it, and the people also buy like 4-5 orders of 0.02 lots on that pair (XAUUSDm) which would be way more than $6 and they make a lil bag, and close thier positions, i kind of want to do the same, because i am amazed on how quick these people can flip small amounts of money into significant ones. ( If you cant tell its my first month of trading, i clearly dont know my way around this and dont know what to do. Any help would be apreciated :D )
 
This approach will make you poor not rich. If you are new to forex trading, better quit now. 
 
That XAUUSDm is the same as any other XAUUSD pair, it's just the broker changing the name of it.

And good luck trying to +500% your money on a single trade, I guess you have to learn the hard way.
 
Guillermo Pineda #:
That XAUUSDm is the same as any other XAUUSD pair, it's just the broker changing the name of it.

And good luck trying to +500% your money on a single trade, I guess you have to learn the hard way.

So what do you think i should do, is there any youtube videos or something else i could learn with?

 
Lithuni4:
I have seen lots of videos on youtube and other platforms of people flipping for example $6 to $50 in one trade. They trade a pair "XAUUSDm" personally i cant find the pair that has the "m" on it, and the people also buy like 4-5 orders of 0.02 lots on that pair (XAUUSDm) which would be way more than $6 and they make a lil bag, and close thier positions, i kind of want to do the same, because i am amazed on how quick these people can flip small amounts of money into significant ones. ( If you cant tell its my first month of trading, i clearly dont know my way around this and dont know what to do. Any help would be apreciated :D )

m or .m usually means micro

so the 5 to 500 is cents not dollars

(if im not mistaken)
 
Lithuni4:
I have seen lots of videos on youtube and other platforms of people flipping for example $6 to $50 in one trade. They trade a pair "XAUUSDm" personally i cant find the pair that has the "m" on it, and the people also buy like 4-5 orders of 0.02 lots on that pair (XAUUSDm) which would be way more than $6 and they make a lil bag, and close thier positions, i kind of want to do the same, because i am amazed on how quick these people can flip small amounts of money into significant ones. ( If you cant tell its my first month of trading, i clearly dont know my way around this and dont know what to do. Any help would be apreciated :D )

as Lorentzos alluded, a pair with m on the end strongly suggests that the chart you are looking for is a micro account or cent account. These accounts are held by only a small number of brokers. I suggest that you search google, as broker names and suggestions are not allowed on the forum.

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