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Yes if the market is very volatile I will sometimes use trailing stop. But I will only put trailing stop on once I allready have a healthy profit to lock it in as you said. It pays off to do it more...

I prefer scalping, because I don't like to leave my trades opened for a long time. I have mostly figured out while scalping when a trade will be profitable and when the loss will just continue...

Yes israr that is right, the more you trade the more used you are to the pressure of loosing money and to the general movements of the market. So the more you trade the more you know and the less...

I aggree, you shouldn't focus on making a lot of money because that will lead to greed and will make you leave your trades opened for too long which will result in loss. Instead you should focus on...

I would say the more important one is technical analysis. You have to learn to read the charts and the signals from them in order to trade succesfully anyway and the sooner you learn it the better....

Yes that is very true. You cannot just blindly follow a system without understanding how and why it works. You need to know what is the best time to enter a trade, what losses to take and how will it...

Usually I prefer to use a line chart to draw support/resistance lines instead of the candlestick one. I use candlesticks for other signals but I find that you can see highs/lows more accurately on a...

But how can we improve our winning probability if we do not trade? I mean you have to trade to learn and in my experience you have to trade a live account with your own money to really concentrate...

I think it is.
First off because it applies unnecessary pressure. When you have less money in your account the risk you are taking is more real because you have to trade with a higher % of your...

I usually put them around support/resistance lvls. I put stop loss abit more than the lvl is and take profit abit less. That is a difference of let's say 5-10 pips to allow market kickback and my...

I only use MA and fibonacci. Everything else I do with naked trading (using only my eyes), because that way I am sure there is no repaint. Also that way I can incorporate the news into my strategy...

Usually when I get a big loss (like 40-50% of the investement) I just close my terminal for at least an hour. Then I come back and try to analyse why I did the wrong decision. That is because every...

That is very good advice and I think everyone should follow it. I have made many bad trades and losses trying to recover my previous losses fast. Just take it in stride keep to your trading plan and...

It is best if you learn to see the indicators with your naked eye...
Usually I only use the indicators I draw on the chart myself (like fibo, support lvls, trend lines) and search for other signals...

I think that trading with bonuses is an awesome way to deposit your initial deposit. Either that or the trading competitions some brokers offer. But you should always read the terms and conditions...

Hey everyone,
which day do you think is the worst day to make profits and why?

For me it's friday. I don't think I ever predicted the market movements right in a friday afternoon. Either the...

yes I think it is possible. I am actually surprised that he said only 20%. If you look at eToro's openbook you can see traders that have a much higher win % (with a succes rating of more than 90%)....

Please let us know how well it does after testing it, I am interested in this EA very much. If you don't want to post your data I can try it out on a few demo accounts.

I think that you can trade everyday with a plan and a set of rules of how to behave on the market. You need to be able to control your emotions, your greed and your bankroll.
If you feel you can't...

Forex hasn't really changed my life too much. I have been trading for a small amount of time (4 months now) and haven't withdrawn any profits from any account yet tho. I am still learning. But I...