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bardachok
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Posts by
bardachok
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Trading Psychology: The Key to Success in Forex
in
General
Oct 26 at 10:21
Psychology plays a significant role in trading, but of course, it’s not everything. You need quality trading signals with a good win rate or risk-to-reward ratio, and finding and verifying these can take a long time, sometimes years. The challenge is compounded by the fact that signals often stop working, meaning you must be prepared to constantly search for new ones.
Do you guys believe Trader have a fair chance, with the right education?
in
General
Oct 26 at 10:01
I don’t think it’s possible to find a mentor in this field in the classic sense—someone who will teach you how to make a profit. If they know how to earn well, they could just increase leverage or add working capital themselves, given the vast market liquidity. As for the basics, including algorithmic strategy development, there are plenty of resources for that—YouTube videos, books, webinars like those from HFM, and forum discussions, where useful insights occasionally pop up. In general, knowledge is gathered piece by piece.
Is it possible to start my own contest in myfxbook?
in
General
Oct 25 at 20:30
Why not? It should be fun I guess, however demo isn't so interesting since no psychology is involved, better to try micro accounts maybe
Gold EA
in
General
Oct 22 at 08:54
Yeah I would run it on demo for 3 months min, assess average drawdown in pips, duration of trades, R/R, ratio of winning and losing position, time that it takes to recover losses if there was any. Lots of things to check before deploying it on live account.
Gold Price Trends Over the Past 2 Years
in
General
Oct 22 at 07:50
It will rally in any case but before it should drop a little bit to create more reasonable levels for entry. Long-term trend is up, the rest are simply pullbacks for better returns
"What’s your biggest challenge in risk management?
in
General
Oct 17 at 07:19
I do often trade without stop loss and this is the biggest problem. But in such cases I forcefully reduce lot size because I know it can end badly, lol
By gambling one can get
in
General
Oct 16 at 20:33
Well if you make big gains in a short period of time then it elicits great emotions which turns you into addict. That's why it is advised to use as low leverage as possible to not create emotional rollercoaster
By gambling one can get
in
General
Oct 15 at 19:46
Sometimes I want to gamble and I trade high risk events like NFP and volatile times, it is risky but worth it.
VPS Recommendations?
in
General
Oct 06 at 18:40
Have you checked beeksfx? Their servers are located in LD4 where most brokers place their servers. Some brokers like HFM offer this service for free if you meet turnover volume
Gold Price Trends Over the Past 2 Years
in
General
Oct 02 at 10:19
Great analysis thanks. Btw is your medium-term view on Gold. Will it eventually hit 3K this year and then reverse the course?
NFP live Trading
in
Experienced Traders
Sep 30 at 19:15
Is it something like news straddle? It can be profitable if you account for volatility when you set the legs and it should be done with verified reputable brokers like Exness, HFM etc.
Advice for trading begginers
in
General
Sep 02 at 11:46
Why agree on those disadvantageous payouts (lose 100, gain 80) when there are much better places in terms of risk-reward.. take any regulated ECN broker like HFM, Exness.. lots of instruments and much more flexilbility in managing risk
"Account already exists" issue
in
General
Sep 02 at 10:33
If they have investor password they can add it. However ownership of this account could be verified only by the owner
Do any forex brokers offer crypto deposit?
in
Crypto
Sep 01 at 19:51
Check HFM they offer crypto products, though not a fan of crypto due to volatility sometimes the markets drops juicy opportunities
Profit / loss analysis and trading talks
in
General
Sep 01 at 19:47
Try to strike balance between paid job and trading. Hard to go full-time when you don't have experience. You always have to have a backup plan.
Forex Broker which accepts Paxum?
in
General
Aug 20 at 10:22
Paxum is barely used in FX but I guess these two brokers do accept it
HFT/ Arbtriage Monday
in
Trading Systems
Aug 20 at 09:04
Better to move somewhere else to try arb, maybe Exness, Tickmill or HFM will produce better results but start with micro amounts to test slippage.
Recommendations
in
General
Aug 20 at 08:38
When volatility increases performance of most trend-following or countertrend EA's starts to deteriorate because number of false entries sky-rocket. I tend to halt trading on my HFM platform during such times.
Where to find investors?
in
General
Aug 14 at 18:38
Yeah start on demo or live account, connect it to myfxbook and trade for 6 months-1 year this should serve perfectly as a proof that you can delivery good long-term performance. You know the biggest issue is not demonstrating large gains in individual trades but rather than over time you can stay afloat and even remain profitable. This should be a solid proof that your strategy does have an edge and your gains wasn't a random streak of wins.
Looking for Market cycle trade education
in
Experienced Traders
Aug 14 at 14:41
Yes, it's crucial to differentiate between stock market cycles and forex market volatility cycles. In the stock market, macro cycles like accumulation, distribution, and others reflect broader economic and market trends over extended periods, driven by fundamental factors. In contrast, forex market volatility cycles are influenced by factors such as geopolitical events, economic releases, and interest rate changes, leading to short-term fluctuations. Understanding both cycles helps traders adapt their strategies to align with the distinct dynamics of each market.
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