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Common Mistakes That Make New Traders Lose Money v Noví obchodníci Feb 08 at 13:59

When I first started trading, I made nearly every mistake on this list. I thought trading was all about making quick money, so I jumped in without a solid plan. I followed random tips from forums, chased the market, and ignored risk management—big mistake.One of my worst trades happened when I refused to use a stop-loss, convinced that the price would "come back." Instead, it kept dropping, and I watched helplessly as my account took a massive hit. That trade alone wiped out weeks of gains.Another issue was overtrading. I felt like I always had to be in a trade, fearing that I ...

The Impact of Blockchain Technology on Forex Trading v Noví obchodníci Jan 27 at 19:39

Great post! You’ve highlighted some key ways blockchain could revolutionize Forex trading. The reduction in transaction times and costs could really change how quickly traders react to market movements. The transparency and security are huge too—especially in a market where trust is vital.I’m also interested in how cryptocurrencies and tokens might play a bigger role in Forex. It’s still a bit of a wild card, but the potential is definitely there. Smart contracts could be a game-changer as well, automating trades and making things more efficient.Definitely exciting time...

How to become emotionless trader? v Obecné Jan 27 at 19:36

Emotionless trading is an ideal that many strive for but rarely achieve fully, as emotions are an innate part of human nature. Instead of aiming to eliminate emotions, focus on managing them. Here are some strategies:Automation: Using Expert Advisors (EAs) or algorithms can reduce emotional involvement in execution. Test thoroughly before live trading.Predefined Plans: Have a clear trading plan with entry, exit, and risk management rules. Stick to the plan to avoid emotional decisions.Risk Management: Avoid over-leveraging or using lot sizes beyond your comfort level to prevent fear or greed f...

Your Guide to Forex Success: Ask Me Anything!"** v Obecné Jan 22 at 12:08

Money management is a key aspect of any trading strategy. It ensures long-term survival in the market, even during downturns. For me, I use strict position sizing rules—risking only 1-2% of my total capital per trade. Additionally, I always set stop losses and take-profit targets based on market structure and ensure a favorable risk-to-reward ratio, typically 1:3 or better.Would love to hear how you approach money management or any specific tools you rely on for tracking and adjusting risk in your trades!

How to Leverage Non-Farm Payroll (NFP) in Forex Trading? v Noví obchodníci Jan 14 at 13:38

Thank you for sharing such an insightful post. NFP is undoubtedly a crucial event in Forex trading, and your breakdown of strategies and risks is very comprehensive. I’ve personally used breakout trading during NFP releases with mixed results—it’s a high-risk, high-reward strategy that requires precision and a calm mindset.I’d also like to add that using a demo account to practice NFP strategies before applying them to live trades can be very beneficial. It helps build confidence and reduces the psychological pressure of trading in a volatile market. Additionally, keepi...

Avoiding Fraudulent Trading Platforms: What You Need to Know v Noví obchodníci Jan 07 at 13:30

Thank you for the detailed guide! This is incredibly helpful in identifying potential red flags with trading platforms. I’ve encountered a platform before that promised unusually high returns and had poor customer support when I tried to make a withdrawal. After reading your points, I realize these were clear signs of fraud.I particularly appreciate the tips about verifying licenses and starting with small investments to test the platform’s legitimacy. The advice about checking independent reviews is also crucial—I’ve found forums like Reddit’s r/investing and Tru...

Analyzing Market Trends Based on Insights from Other Traders: Understanding an v Noví obchodníci Jan 07 at 13:29

Great breakdown of leveraging trader insights while maintaining independence. I agree that blending external perspectives with personal analysis is key. Personally, I do refer to insights, but only after verifying their credibility and ensuring they align with my research. What’s been the most impactful lesson you’ve learned from others' market analyses?

what is your best trusted broker v Noví obchodníci Jan 07 at 13:23

Great points about matching the broker to your investment size and trading style! Regulation and testing with a small amount first are critical steps for avoiding potential issues. Do you have a specific broker you’d recommend for beginners looking for low spreads and strong regulatory compliance?

Things you don't want to do as a forex beginner. v Noví obchodníci Dec 23, 2024 at 11:31

Great addition! Testing on a demo account is essential. I usually stick with a strategy on demo for at least a month or until I've seen it perform well across different market conditions. Consistency is key—do you have a favourite strategy for trending or ranging markets?

XAUUSD v Obecné Dec 17, 2024 at 14:54

If you're trading XAUUSD and looking for consistent signals, I offer a reliable gold signal with solid performance stats: Gain: +17.12% Absolute Gain: +17.12% Daily: 0.13% Monthly: 4.04% Drawdown: 9.40%The signal is available on SignalStart, where you can subscribe and track performance directly. For more details, check my profile and get started.

Over $7 trillion trades daily, this is still the biggest and the most liq v Obecné Dec 16, 2024 at 21:17

The Forex market’s scale and liquidity are truly unparalleled, making it a fascinating space for traders. The $7 trillion daily volume highlights the diversity of participants, from central banks and institutional players to retail traders. While factors like interest rates, economic data, and political events are significant, market sentiment often acts as the immediate driver, especially during high-impact news releases or unexpected global events.As for the biggest influence, it varies: Interest rates are fundamental for long-term currency trends, with central banks setting the ton...

Things you don't want to do as a forex beginner. v Noví obchodníci Dec 14, 2024 at 12:06

As a beginner, here are some additional things to avoid in Forex trading: Neglecting risk management: Protecting your capital is key. Use stop-loss orders and stick to position sizing rules (e.g., risking only 1-2% of your account per trade). Using excessive leverage: While tempting, high leverage can magnify losses. Start with moderate levels until you're confident in your risk management. Trading without a clear plan: Define your entry, exit, and risk-reward criteria before opening trades. Avoid impulsive decisions. Ignoring demo practice: Practice trading strategies on a dem...

Best realistic profit targets v Obecné Dec 14, 2024 at 10:30

Realistic profit targets in Forex trading are essential to avoid unnecessary risk and emotional trading. Instead of focusing on arbitrary numbers, aligning your goals with market behavior and your strategy is key. For instance: Understand the pair's volatility: High-volatility pairs like GBP/AUD or GBP/NZD may allow for larger daily targets, while low-volatility pairs like EUR/CHF require more conservative goals. Account size matters: Setting a percentage-based profit target (e.g., 1-2% per day) can be more sustainable than aiming for a fixed number of pips or doubling your account m...

Stress, anxiety and motivation. v Obecné Dec 03, 2024 at 15:47

You are welcome!

Over $7 trillion trades daily, this is still the biggest and the most liq v Obecné Dec 02, 2024 at 12:40

The sheer scale of the Forex market's daily volume highlights its unique role in global finance. However, what’s most fascinating is the structure behind this liquidity. While retail traders benefit from leverage and accessibility, institutional players drive the lion’s share of activity, especially through instruments like FX swaps. This diversity of participants and instruments not only underpins its liquidity but also makes the market incredibly dynamic. As we move forward, adapting to shifts in technology and regulation will be key for traders aiming to stay competitive in ...

Stress, anxiety and motivation. v Obecné Dec 02, 2024 at 12:40

Stress and anxiety are part of the trading experience, but they don’t define it. Instead of viewing them as obstacles, I’ve come to see them as signals that something needs attention, whether it’s a strategy adjustment, better preparation, or even just stepping back for a moment. Managing stress isn’t about avoiding it entirely but learning to channel it into productive actions.Techniques like sticking to a solid trading plan, managing risk meticulously, and incorporating mindfulness have helped me stay grounded. Trading is as much a mental game as it is technical; the ...

Trading Account Curve v Noví obchodníci Nov 26, 2024 at 14:42

Your perspective highlights the natural progression many traders experience. I’m currently in the profitability stage, though it took disciplined effort to break through the earlier phases. For those facing losing streaks, focusing on journaling trades to identify patterns and mistakes can help. If you're in the break-even stage, refining your strategy to optimize risk-reward ratios and maintaining consistency is key.Trading is a marathon, not a sprint, and understanding your current phase allows for targeted improvements to progress effectively.

Why Small Gains Compound Into Big Wins v Obecné Nov 25, 2024 at 17:56

Your point about the power of compounding in trading is spot on, MetalWing. The discipline of aiming for consistent small gains rather than high-risk windfalls is often overlooked, but it’s a hallmark of sustainable success. Compounding doesn’t just grow wealth; it builds resilience, reinforcing a trader's capital base while minimizing exposure to catastrophic losses. This approach is a marathon, not a sprint, demanding patience and a commitment to steady improvement—qualities that separate seasoned traders from impulsive gamblers.

Rate my strategy.... v Noví obchodníci Nov 25, 2024 at 17:50

A drawdown of 67.39% is alarmingly high and indicates a fundamental flaw in the risk management of your trading strategy. Such a significant loss means your account would need a gain of over 200% just to recover, which is not sustainable in the long term. This level of risk exposure can lead to severe financial and psychological stress, making it challenging to maintain consistent trading discipline.Given the extent of the drawdown, it may be wise to consider starting over with a fresh approach. Prioritize capital preservation by implementing stricter risk management rules, such as limiting po...

Best Forex Trader v Noví obchodníci Nov 25, 2024 at 17:48

Your perspective is spot on! Accepting mistakes and learning from them is essential in Forex trading. Losses are indeed a natural part of the process, and using stop-loss (SL) effectively can help manage risk. Patience in waiting for perfect entry points also sets successful traders apart. It's not just about the profit but maintaining consistency and discipline in your strategy. Keep it up!

EURUSD	1.10937	GBPUSD	1.31039	AUDUSD	0.62545
USDJPY	145.674	USDCAD	1.40814	USDCHF	0.85314

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