- Search Forex Factory
- 35 Results (1 Thread , 34 Replies )
- Ironwort replied Jun 23, 2022
I suppose having multiple accounts makes it easier to capitalise on opportunities because one does not have the trading restrictions that are usually imposed on traders with single accounts.
- Ironwort replied Jun 22, 2022
I can’t remember. Had blown 4-5 accounts lol.
- Ironwort replied Jun 22, 2022
Fail. Try again. Repeat. I have been doing this for a while, and it seems to work.
- Ironwort replied Apr 22, 2022
Calculating and determining risk to reward ratio 1:2. Avoiding the trade where the rewards are not double the risks. Using proper trailing stop-loss. And placing limit sell or buy orders.
- Ironwort replied Apr 22, 2022
This isn’t getting any better? Now, the global cases are rising again!
- Ironwort replied Apr 22, 2022
Yes! It is very helpful.
- Ironwort replied Apr 21, 2022
I also prefer price action strategy over technical indicators. After all, these indicators also give their signals on the basis of the price movements. So, why complicate things and simply make trading decisions on the basis of price.
- Ironwort replied Apr 21, 2022
I don’t think you should be looking for a mentor. They won’t tell you anything about the market that you can’t learn for free. Start with your research and plan your learning schedule.
- Ironwort replied Apr 20, 2022
It is important to understand that there is a lot of difference in trading full time and part-time. You need to be very much sure and confident about yourself before trading full time as the whole expenses will be dependent on the profitability of ...
- Ironwort replied Apr 20, 2022
Welcome to the forum. Hope you learn and grow profitable.
- Ironwort replied Apr 20, 2022
Prefer trading major currency pairs first as they are more stable and predictable in nature, offering tight spreads and high liquidity. Avoid trading exotic currency pairs.
- Ironwort replied Apr 19, 2022
One may blame people who are selling courses online but can not avoid learning when it comes to trading forex. To be successful in trading one should learn before starting off to trade.
- Ironwort replied Apr 19, 2022
Imo, it would be better to make our own strategy than relying on others' strategy which does not have any edge or guarantee.
- Ironwort replied Apr 18, 2022
There are many traders who do not prefer trading cryptocurrency over forex trading due to their highly volatile and unpredictable nature. Trading cryptos can burn a hole in the pocket.
- Ironwort replied Apr 18, 2022
I believe having the right mindset is all we need and everything starts to fall on track. Having an optimistic approach makes the journey easy.
- Ironwort replied Apr 18, 2022
It is all the time-frames. And yes 5 SMA on an hourly is 5 hrs which means average of 5 hrs will be calculated and 5 SMA on daily is 5 days where average for 5 days will be calculated.
- Ironwort replied Apr 15, 2022
Imo, cent accounts are best for traders who want to learn controlling their emotions like fear and anxiety while trading real money.
- Ironwort replied Apr 15, 2022
Both long term and short-term tradings are beneficial and can not be compared based on the profitability.
- Ironwort replied Apr 15, 2022
Day traders need to have good trading skills and knowledge for making trades. Even a single mistake can ruin the whole trade so they need to be very careful.