Experienced Traders Forum

seeking mentorship in forex trading as a 15 year old

By bryantworks Mar 29, 2024 at 03:49
My Suggestions:1) Learn to write code for MT4 and MT5. Lots of work, but well worth it. Find examples online.2) Write a simple EA and backtest it using MT4 or MT5. 3) Keep researching, improve your EA, change strategies, find how to prevent large drawdowns.4) Use demo accounts, don't put real money in right away. Trade with account balances ...
4 Replies 585 Views
Last post by bestdarngood May 26, 2024 at 01:14

Stop Loss Hunting: The Invisible Battle in Day Trading Markets

By NickGardener Mar 31, 2024 at 07:05
To avoid stop-loss hunting, traders can use discretionary stop-loss orders or adjust stop-loss levels to less obvious points beyond major support or resistance levels. Additionally, they can consider diversifying brokers or using multiple accounts to minimize the impact of potential stop-loss hunting by individual market participants.
1 Replies 458 Views
Last post by bardachok Apr 03, 2024 at 09:00

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HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment. Do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions. Any data and information is provided 'as is' solely for informational purposes, and is not intended for trading purposes or advice. Past performance is not indicative of future results.