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CraigMcG2020
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Stop loss is a killer if
em
Geral
Sep 08, 2021 at 07:00
Yes i agree you have to use a stop loss for sure. It forms the basis of your trading plan. You cant measure your successful trades if one losing one can wipe out your entire week's work. It is key to have set risk to reward so no matter what trade youre in you can have idea of what you will get and then create a large sample size to see if the strategy is profitable
How much do you risk in total to make big profits at ago?
em
Geral
Sep 08, 2021 at 06:58
I always risk 1% but by reward is always 3 time this. I think thats the key. Now my accruacy is 90% or anything like it but i am profitable to where im happy
FX Trading Tips
em
Novos Negociantes
Sep 07, 2021 at 06:49
I would say its the most important with risk management. If you have both you are a lot of the way there imo
Huge gain or limited Risk- What is important to you?
em
Novos Negociantes
Sep 07, 2021 at 06:49
Risk is the most important thing to me for sure. If you gain lots and risk lots itll even itself out if you keep your risk tight in the end the gains will outweigh it. Also wont take a lot to do so
No alternative to learning
em
Geral
Sep 03, 2021 at 06:58
Really is true and also people realising that it is going to take years to master the skill. The complexities are hidden deep and once you break one layer another appears but it is all worth it in the end
Control your greed.
em
Geral
Sep 03, 2021 at 06:57
I agree i think systematic approaches to trading and also risk management reduce the occurance of greed, fear of missing out etc. Its so key to be as robotic as possible and with good systems in place this is so much easier
Trading in lower timeframes
em
Geral
Sep 02, 2021 at 07:08
It is more about getting a tighter entry and increasing your risk to reward
Gambling type of forex games? Is that true?
em
Geral
Sep 02, 2021 at 07:06
There is a definite difference between trading and gambling. The industry is massive there is no way most would be in it if there was no rhyme or reason. It is important to have a plan and stick to it for sure though
Having a mentor
em
Geral
Sep 02, 2021 at 07:05
Very true a mentor can only take you so far before you have to stand on your own two feet
News trading is very tempting
em
Geral
Sep 01, 2021 at 07:02
For sure it can be but i think its like gambling, personally i think you'd have a better time in Vegas
Choosing a pair
em
Geral
Sep 01, 2021 at 07:01
I agree with this you should be fitting the strategy to the pair not the opposite way around. Some love trading GU but it doesn't suit their trading style. Its all about adapting to how you trade
To make a good trading plan
em
Geral
Aug 31, 2021 at 06:55
Exactly some people come in and dont have a structure and literally hope for the best each day/week
Indicators are useless
em
Geral
Aug 31, 2021 at 06:53
Indicators are lagging for the most part and that means the edge you get from the diminishes sharply. It is hard to gauge in different market conditions too what some may do
Trading in lower timeframes
em
Geral
Aug 07, 2021 at 11:43
I like 5m-15m i think when you have a strategy that fits this time frame it can strike a good balance between discipline and patience
Are you afraid to lose your trade?
em
Geral
Aug 07, 2021 at 11:41
Definitely is a key factor once you have confidence in your strategy and the experience in using it this becomes less and less
profits in forex trading
em
Geral
Aug 07, 2021 at 11:40
Completely agree with this. Its important to patient with yourself, the strategy and then the entries. Patience is key overall
What works?
em
Geral
Jul 25, 2021 at 15:32
Completely agree with this. It is key to have discipline and also a plan for every aspect of your trading
Money Management Tips
em
Geral
Jul 25, 2021 at 15:31
Its quite similar risk management helps your money management.
Profit target?
em
Geral
Jul 25, 2021 at 15:30
TP is so key. For me it is related to my risk to reward. A proper trading plan is so vital.
MetaTrader4 (MT4) vs MetaTrader5 (MT5) for beginners
em
Geral
Jul 11, 2021 at 15:13
Metatrader4 for sure. It has indicators and trade managers that wont work on mt5
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