Well somepairs have spreads as high as 5-8 pips, do you really think this is safe? If you use a stop loss how much will it be? I have heard of this trading style before how ever on many occasions...
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Well somepairs have spreads as high as 5-8 pips, do you really think this is safe? If you use a stop loss how much will it be? I have heard of this trading style before how ever on many occasions...
Would be glad if you can attach the indicators and template or provide us with the download link. Additionally please do mention the basis of your entry and exit, will try to back test it and post...
Each pair moves an average of 80 pips per day. There almost 20 great pairs to trade with this range of volatility. 95% traders fail. Anyone with a 5000 usd account using 0.1 lot earning 500 pips day...
Tbh, these contests are ruining the traders. 90% of them have huge drawdowns yet huge 3 digit return percentage. They are not using proper money management. They have drawdowns as large as the yearly...
Depends on your lot size and risk management. Say you have an account of 1000 usd. If you take trades with 0.1 lot you will need 1000 pips to double your account. (0.1 is very risky for a 1k account,...
Any short term 1:2 R:R strategy would suit them. They can try Support resistance and trendline trading, or pattern trading such as trading head and shoulders, touble tops and bottoms, they can also...
On demo traders use wide stops and tps and donot use proper money management but when they do so in live account they tend to loose money and it psychologically forces them to find a solultion.
It will require endless hours of learning, sleepless nights of practising, and long days to master it. Once you master it making money will become a lot less stressful.
Money management should be practised with more seriousness. All newbies ignore it, they focus on more accuracy which is a fake hope. . So if your money and risk is not calculated you will blow your...
Firstly the reliability of the broker that is check if it is regulated. Check the spreads, Check their customer service staff. Check if they can proccess your deposits and withdrawals quickly or not....
Well, smaller the account the smaller the risk should be. Smaller risk means smaller drawdowns and less hamper in trading caused by psychology. Money management is so important. If you get it right...
You can download ebooks for reading offline. You wont be access to any forums without internet. So the best way to study offline is to download ebooks from different forums and read it. You can also...
Thanks for sharing. A screen shot of the entry would be appreciated. Does this concept work in trending markets too? What has been your performance and equity curve been like so far?
Thanks in...
Do they repaint? How long have you been using them for? Any detailed statistical reports? I usually judge systems based on their drawdown since most of us retail traders have small capitals. So its...
Discipline is vital. Starting from strict money management to trading hours to number of trades and pairs to be trades and a fixed strategy. These are very useful aspects in trading and can improve...
Anyone trade forex if they are successful on a demo account for a long time however forex trading requires a huge capital. smaller capital will limit you to larger opportunities and will trigger...
I think we can look for a bounce on h4 and look for price to neutralize in llower timeframes and enter on a breakout or using other indicators. That too will not always work but will improve the...
Any one trading or scalping on small time frames using support resistance levels? All expert traders and analysts even banks put emphasis on S/R levels there fore I think we should use these tools to...
Tips for beginners? This list will never end. However I can summarise all points and conlude that have patience and trade demo very serious for months. Do not let frustration drag you to open a live...
Please mention your entry and take profit and stop loss levels. The concept however looks great. Would love to see more screenshots with entry marked. Which is the most ideal tf to use this? How long...
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