my most important learning in this past few days is, first decide are the market trending or sideways, so use trending strategy only on trending market, and sideways strategy on sideways market...
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my most important learning in this past few days is, first decide are the market trending or sideways, so use trending strategy only on trending market, and sideways strategy on sideways market...
of course it depends on the trader target
follow small trend in scalping, medium trend in day trading, and big trend in swing trading, it is best if all trend are going the same way, lower risk to...
that's my mindset which leads me to MC hahaha
senior forex trader in my country said, in forex, loss is absolute, profits is possibilities, so it is best to manage risks and try to gain as much as...
i use only technical analysis, because it is the only one i learn and i'm not able to do fundamental analysis
the reason of losing money is not because the kind of analysis we do, but the lack of...
i think everyone is agree that discipline is the most vital part to become a succesful in all part of life, including forex trading
but no matter how you sure about it, to implement it is very...
you can try browse it
instaforex has 3 pips as lowest spread, there are account with 0 spread but it will charge you with percentage of lots every trade so it stays the same, around 3 pips
but if...
plan B is good, but it require a constant watch n the chart, so i didn't use any plan B since i'm a part time trader and don't have enough time and energy to watch the chart always if i have open...
the highest price movement probably the best time to gain more profits, maybe london time
but i believe there are more important thing that count to make more profits, it is the factors come from...
forex is surely risky
all bussiness is risky
but in forex, the risk should be managed by good trading system and good money management
there are good words
it is difficult to become succesful,...
that depends on your lot
if you deposited 100 $, and use 1 lot, it require 100 pips (plus spread)
but beware, - 100 pips (plus spread) will reduce your capital to nothing
use 2 lots and gain 50...
first, try it and gain profit, then try it again and gain more profit
several profits in a row will result in overconfidence
next, trade with more lots, it turn into a loss
still overconfidence,...
trend are flexible
there are smaller trend, and bigger trend
try to read different trend in past charts, and see how smaller trend creating bigger one
so in order to follow a bigger trend, try to...
hmm... of course they can
they can gain even more, but maybe according to their risk management, it is best to try to gain 20% monthly rather than bigger profit since it will increase the risk and...
trading everyday or wait?
wait, definitely wait
i'm a part time trader, so even when the market are good, i might miss several chances, but it is doesn't matter, i trade to gain profits, so risky...
nice
it is subjective to call forex is easy or hard, depend on how's the result
for a beginner, he will call forex is easy when gaining profits, and hard when series of losses,
the result is...
this is the first time i got this kind of advice
i think this could be good
maybe i'll lowering the lot if i didn't too sure about the trades too, or to regain confidence after series of losses...
i got lot of help in forums
there are many information in forums that are very valuable,
well, to get that advices is easy, but to do what it said is really difficult
actually i already read that...
i think you did the right thing, i probably will do the same thing too
trading require a lot of energy to focus and concentrate, trading when not on best condition will lead to bad analysis and...
i see several possible good signals
maybe i see false signal too
i think it is better if you tell us what is the name of indicators you use, what is the setting, what is the entry and exit rules,...
wow very good result you got there
art is beautiful
good profit is beautiful
so scalping and having good profit is indeed art hahaha
perhaps you'd like to share your art of scalping here, if you...
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