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LUX
på
Trading System
Sep 16, 2021 at 11:12
I will consider the possibility of Euro Dollar sell trade when passing through the 1.17650 support key level with an initial take profit at 1.17350 and a following level at 1.17150
There is no way to take revenge
på
Allmänt
Sep 15, 2021 at 09:39
Yes, the nature of human emotions is sometimes illogical. Even in any other situation, no one wants to accept responsibility. This requires fortitude. That is why working with your own consciousness is an integral stage in the development of a professional trader.
There is no way to take revenge
på
Allmänt
Sep 15, 2021 at 09:31
Correctly said. Revenge after losses without analysis is destructive. Correcting mistakes and introspection is just as important as trading system.
Profit target?
på
Allmänt
Sep 14, 2021 at 11:05
I rarely trade short-term, and rarely enter trades during news moves. Therefore, I have time to do the necessary analysis. I have a trading system that works clearly and most of the analysis I perform long before the trade opening, during the preparation and determination of probable entry points.
Confidence is very important
på
Allmänt
Sep 14, 2021 at 10:57
...at the same time, beginners should be wary of false assumptions, after the very first initial successes. It is important to take into account the stability factor and readiness for each possible scenario of the market movement. Brain and skill training builds confidence through knowledge.
Confidence is very important
på
Allmänt
Sep 09, 2021 at 10:31
I see no reason to start trading without confidence in a system. If you don’t believe, then don’t do it, come back when you’re confident and practice until every planned trade and every action is saturated with confidence.
There is no way to take revenge
på
Allmänt
Sep 09, 2021 at 10:26
So actually revenge for what? Only the trader is to blame for his mistakes and miscalculations.
Becoming a Forex Expert requires
på
Allmänt
Sep 08, 2021 at 10:38
A trading system developed and based on the own knowledge is the only beginning. A professional is a trader who uses the knowledge and experience unmistakably, uncompromisingly and accurately. The expert trader has the own clear vision of market situations and has a clear plan that will be profitable with high expectation.
GOLDEN Rules of Profitable Trader's
på
Erfaren Traders
Sep 07, 2021 at 10:45
It is always best to look for possible entry and exit points in advance. There should be several of them for different market behavior options. You shouldn't try to use all of them, but have to be prepared for a change in the situation.I disagree with the idea that profits should be fixed earlier. If there is a clear trading plan and strategy, then the most correct scenario is the complete achievement of goals. But of course, situations are different and you need to keep the plan.
News trading is very tempting
på
Allmänt
Sep 02, 2021 at 09:15
Which of the following are you specifically interested in?Perhaps I have already answered a similar question on the forum. Everyone can contact me and I will answer if possible. Welcome.
Having a mentor
på
Allmänt
Sep 02, 2021 at 09:10
You can teach the basics, but no one will share their own developments.
News trading is very tempting
på
Allmänt
Sep 01, 2021 at 10:28
- Study the political and economic details and processes that can influence news releases.- Consider all possible scenarios in advance.- Calculate in advance all the possible risks associated with these scenarios.- Trade according to a plan and with strict risk control.- Do not try to catch what has already been missed. Or wait for the secondary market reaction.
7 Things to Know to Become a Successful Crypto Trader
på
Krypto
Sep 01, 2021 at 10:24
At the beginning of the thread, there are rules that are basic and mandatory for any financial markets.My advice for crypto traders:don't be scared by volatility and news addiction. This is how the market works and it's absolutely normal. When the moment comes where everyone understands that fluctuation in cryptocurrencies is not a disadvantage, but an advantage that helps to earn money, then the real crypto future will come.
Choosing a pair
på
Allmänt
Sep 01, 2021 at 09:59
Pound Yen pair has a good volatility and covers 2 largest markets and, accordingly, 2 trading sessions. Good volatility and unpredictable impulses make this pair challenging for newbies, but tempting for those who know how to control risk.
Having a mentor
på
Allmänt
Aug 27, 2021 at 10:55
A good trader is not always a good mentor. In order to teach, you need to have additional analytical skills. A special kind of thinking that allows you to build training correctly. I would not be able to teach anyone how to trade, although I have experience since 2009 and at the moment my trading system shows a stable result.
Demo can not make you well experienced
på
Allmänt
Aug 26, 2021 at 10:51
Correct setup of a trading system requires constant testing if you make changes. At the beginning of the trading way, you can start trading with Demo, but then you must definitely test trading on minimum deposits, and only after that, you can start trading with the main volume.The most important thing here is to gain experience in money management and risk management, and not start earning from the first minutes of trading. The good performance of a trading system depends not only on the algorithms (even if it is an EA), but also on who is the manager. The trader must be trained and ready for ...
To make a good trading plan
på
Allmänt
Aug 25, 2021 at 10:17
Unfortunately, not everyone who lost understands this and does not even try to look for their mistakes, thinking that the market is to blame for everything bad in the world
LUX
på
Trading System
Aug 24, 2021 at 17:48
The last spurt of the euro dollar showed that trading will not be easy. My stop loss is at 1.17720 and I am now considering a continuation of the downward channel. In case of its breakout, I set this stop loss, limiting the risks.
To make a good trading plan
på
Allmänt
Aug 24, 2021 at 17:39
I do not understand what is meant when you say weakness. Are these errors in the trading system or lack of any knowledge? We need to figure out what these weaknesses can be connected with, because it is impossible to ignore them. You can build your trading using only your strengths, but be prepared for the market to exploit all your weaknesses tomorrow.
Money Management Systems.
på
Allmänt
Aug 24, 2021 at 17:35
Money management in general has basic, unbreakable rules. In addition, the trader can design different trading models depending on market conditions. Risk control methods and algorithms of actions for different scenarios are what makes the systems different.
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