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- nourhanfahmy replied Dec 6, 2021
Stop loss is important because most of the times when you feel that you haven’t lost much, you don’t consider how difficult it is to recover the drawdown. The Forex market has the tendency to react violently to any economic news, and if you do not ...
- nourhanfahmy replied Dec 6, 2021
It’s not that easy to identify exhaustion. I enter and exit when I believe that the price has moved quite far in one direction and it can reverse its position anytime soon.
- nourhanfahmy replied Nov 26, 2021
Can check out coinexx for low spreads.
- nourhanfahmy replied Nov 24, 2021
A newbie should concentrate on building a strong foundation by learning and practicing before thinking of making money. Once you’ve sharpened your skills you’ll definitely make money, but many traders rush towards starting on a live account which ...
- nourhanfahmy replied Nov 24, 2021
There’s no better tutor than your own experience. The lessons learnt from mistakes are easily remembered but I do agree that the lessons which have cost you your hard earned money aches badly. Therefore, you should spend a substantial time on demo ...
- nourhanfahmy replied Nov 23, 2021
No one can answer such questions for anyone and you shouldn’t let anyone do so. It’s a personal choice and only you know your circumstances. If you think you are making consistent profits and can easily pay your bills off through the earnings from ...
- nourhanfahmy replied Nov 23, 2021
Work on your psychology as much as you work on other aspects of trading. No matter how well you know the right way to trade properly, emotions can still be a hindrance in your way to implement that knowledge. You will feel yourself frozen when you ...
- nourhanfahmy replied Nov 22, 2021
Motivation is like food, you need it every day. One time motivation which got you started on the path of forex trading is not enough to get you through it. You need to remind yourself why you started, what your goal is, do you still want to achieve ...
- nourhanfahmy replied Nov 22, 2021
Capital guarantees can pose many restrictions such as on potential returns and liquidity. The fees are also higher making it suitable for long-term investments, instead of traders or even position traders.
- nourhanfahmy replied Nov 22, 2021
Order flow analysis can be pretty useful. It’s great when you can access the trading volume data and with the information about the number of traders selling or buying a currency pair you can make your personal decision. I so wanted to apply order ...
- nourhanfahmy replied Nov 22, 2021
If you are talking about break-even on each trade separately, I don't think it’s necessary that every trader goes through that phase. However it is possible that on a few consecutive trades your overall profits and losses are equal. I think it’s a ...
- nourhanfahmy replied Nov 18, 2021
Did you try using the Camarilla range pivot point strategy? As the price remains within a range all day, it works great when the market volatility is low.
- nourhanfahmy replied Nov 18, 2021
Beginners are often too curious to make money that they don’t spend enough time studying and grasping the basic skills. They don’t even have any self-control and keep opening positions even when they shouldn’t. In the rage of making huge profits, ...
- nourhanfahmy replied Nov 17, 2021
I think most of the time when we think that our win or loss was just a random event just like flipping a coin, there’s more beneath it which we fail to see. It’s right that there’s no successful system that’s why most successful traders are manual ...
- nourhanfahmy replied Nov 16, 2021
I think it’s good to put only a small amount into each trade in scalping, because this is a strategy where we are fighting for small wins. It’s okay to risk less and gain as little as 5-10pips each trade. Also,how many trades you should take in a ...
- nourhanfahmy replied Nov 16, 2021
Forex is a dynamic market and the scenario which makes the prices move is demand and supply. I think it’s the imbalance between demand and supply which moves the market. When the price goes up, this simply means that more buyers are willing to buy ...
- nourhanfahmy replied Nov 16, 2021
It’s easy to believe that you’ve a very good understanding of the forex market when you complete your detailed study. However, the real test to learning is when you apply your knowledge to the real market. I’ve been through the same situation when ...
- nourhanfahmy replied Nov 16, 2021
I think most of the traders fail to recognize that indicators or any other trading tool is like a helping hand. We can’t rely on one system to yield us positive results. If there were one system with a high expectancy rate, our quest to find a ...
- nourhanfahmy replied Nov 15, 2021
Not a lazy way, maybe a smart way. Trailing stops are best to lock in profits preferably because they don’t move back in the other direction.
- nourhanfahmy replied Nov 15, 2021
Using too many indicators confuses me as well. That’s why I was looking for suggestions here as to which indicator works well when combined with pivot point strategy.