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What Are Your Golden Rules?
in
New Traders
Nov 04, 2019 at 22:21
Nonsense. Some automated systems exist which trade quite well during high impact news events.
Beginner's Tips
in
New Traders
Nov 04, 2019 at 07:51
Incorrect.Randomly picking BUY or SELL is a coin flip entry technique. Random trading DOES mean casino style trading. Casino style trading is NOT illegal.Emotions have no place in trading.Through automated systems it is trivial to manage the trades once they have been created.Use a reasonable and realistic stoploss and a reasonable and realistic takeprofit targets,
How to Detect Hidden Open Entry in MT4
in
Programming
Nov 04, 2019 at 07:39
responded.
Beginner's Tips
in
New Traders
Nov 03, 2019 at 09:27
Trade on demo with the broker you plan on trading live with.The reason being that you want your Demo and Live conditions to be as close to each other as possible.For small trading amounts such as $10.00, this is possible if your broker supports Cent accounts or other accounts which allow smaller than 0.01 (1000 units) in lot sizes.
How to Detect Hidden Open Entry in MT4
in
Programming
Nov 01, 2019 at 20:40
If the first order is not showing up in the trading basket until it begins to show a profit then you need to talk to your broker.However, as you haven't given us any additional information about your trading setup, it isn't possible to diagnose your problem.Who is the brokerage? What trading terminal? Live or Demo?What EA? Do you have the source to the EA we can evaluate it for problems?We need more information in order to properly help you.
How to Detect Hidden Open Entry in MT4
in
Programming
Oct 31, 2019 at 00:52
You will need to talk to your broker about this.
desinging a ea for expert traders
in
Programming
Oct 30, 2019 at 01:27
If the strategy isn't consistently profitable when trading manually, then automation isn't the answer to your solution.Once you have a solution that works for YOU and your needs via manual trading, then create a detailed step by step set of rules for all aspects of your strategy, then automate it to trade exactly like your manual trading.I know this sounds somewhat simplistic, but that is exactly what you need to do.
Risk and Forex
in
New Traders
Oct 28, 2019 at 22:04
This is true in all investments.
What Are Your Golden Rules?
in
New Traders
Oct 28, 2019 at 22:02
Excellent rule.Risk management in my opinion is the most important rule to become successful in investing.
What Are Your Golden Rules?
in
New Traders
Oct 28, 2019 at 22:01
I agree with you on the need to keep learning.
Forex is profitable ?
in
General
Oct 28, 2019 at 21:51
If an investor is not profitable, it's generally due to ignoring the basic rules of Risk Management.Don't over trade.Cut your losses.Run your winners.Use reasonable TP and reaonable SL price targets.Trade high probability setups only.Use automation where possible.Use a profitable strategy which does not violate the risk management rules.Trade with 100% ZERO emotions.A high probability setup may occur once a day, multiple times a day, once a week, once a month, or even longer times between appearance of the setup.NEVER trade just to trade in the markets. TRADE ONLY when it's going t...
Stop Loss
in
General
Oct 28, 2019 at 21:26
Using the above example, the trader is trading with a total of 0.10 lots, they had a concern that when the trade was -50 pips that the loss was large enough to be concerned about it.Using a step in, basket trading method, we reduce the overall initial exposure to the markets by 90%, then as each successive ticket is generated, it is using the previously opened ticket for coverage due to having a profitability on those previous tickets which has been locked in via the stoploss and breakeven analysis for each of those tickets.Once the initial ticket has been opened and has triggered the breakeve...
Any Difference ?
in
General
Oct 27, 2019 at 21:59
Money Management is a part of Risk Management.Risk management should be the #1 priority at all times.
Any Difference ?
in
General
Oct 27, 2019 at 21:56
The reason people blow their accounts and lose all their investment capital is because they are greedy and try to get rich quick and allow their emotions to guide their trading.Ultimately anytime someone blows their account, it's 100% absolutely the traders fault because they didn't use proper risk management.
Stop Loss
in
General
Oct 27, 2019 at 21:53
I gave a detailed example of basket trading and how to greatly reduce the risk and overall exposure of the investment capital.Which part is unclear?
Successful trading
in
General
Oct 24, 2019 at 10:35
Technical Analysis alone isn't enough. Fundamentals are equally important.The most important rule is Risk Management. If the investment assets aren't protected above everything else, then there is a greater chance of blowing the account with massive losses.
Money Management
in
General
Oct 23, 2019 at 20:02
It is true that the market is unpredictable, but you can control your maximum acceptable level of risk.For example, If the market spikes against your trade -1000 pips, this risk could easily be avoided and controlled by using a reasonable stoploss, counter coverage trades, and other similar techniques.Any time an account gets wiped out, it is absolutely the fault of the investor because they didn't properly manage the risk to their investments. The event that cause the loss of funds is irrelevant, the fact that the account is blown should tell you all you need to know. Blown accounts = lac...
forex new trader
in
New Traders
Oct 23, 2019 at 04:14
New traders should focus on Risk Management above all else.
Are you afraid to lose your trade?
in
General
Oct 22, 2019 at 22:10
And sometimes it causes Revenge Trading and blown accounts.To allow ones trading to be guided by emotions is absurd and shows a complete disregard for realistic risk management.Emotions have NO PLACE in trading.
scalping is risky ?
in
General
Oct 21, 2019 at 22:53
All trading is risky.
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