- Search Forex Factory
- 37 Results (1 Thread , 36 Replies )
- JoshuaWheat replied Jun 22, 2022
My “holy grail” is to keep on revising my strategies and work on my trading psychology. They say, “trading is 90% psychological.” So, I do my best to get better at it.
- JoshuaWheat replied Jun 22, 2022
They lose because of lack of education, trading psychology, and, most importantly, bad trading attitude.
- JoshuaWheat replied Jun 21, 2022
When you get bored of it and have no passion for it! Trading is not like a regular job. You need to be invested in it. If you can’t commit, do not do it!
- JoshuaWheat replied Jun 21, 2022
It was 7 - 8 trades a week But now it’s like 3- 4 trades a week. What about you?
- JoshuaWheat replied Jun 21, 2022
Stop losses are important, and things could get out of control if you don’t use them, especially in the times when the market swings drastically. Never compromise when it comes to protecting your trading capital. Use every opportunity to protect it.
- JoshuaWheat replied Apr 28, 2022
Well, imo you should trade with demo accounts with a purpose i.e, to get better at making strategies. So if you learn some of them, move to a live account. You can also come back to a trading account to test them out. But a live trading account is ...
- JoshuaWheat replied Apr 28, 2022
Trading is a practical skill. So the best way to learn it is by trading. My suggestion would be to learn about all the forex concepts first and implement them on a demo account and do a lot of practise before trading live.
- JoshuaWheat replied Apr 27, 2022
Generally, Triangular arbitrage is calculated in this way only. This kind of opportunity rarely occurs and if it does, it is just for a few seconds. The profits are not that high and when transactional charges are charged it becomes lesser.
- JoshuaWheat replied Apr 27, 2022
Moreover as you trade in small accounts, they also help in developing trading psychology.
- JoshuaWheat replied Apr 26, 2022
I am interested in learning more about inside bars. Would you please help in understanding more about them?
- JoshuaWheat replied Apr 26, 2022
Trading strategy depends on your trading style but there are basic things to consider for making the strategy profitable. Depending on the time-frames, conduct your analysis. Calculate your position size, risks, profits and then place your take ...
- JoshuaWheat replied Apr 22, 2022
Totally true! I believe before one achieves success in real life, he starts feeling success a long time ago. This comes with the optimistic and gratitudinal mindset.
- JoshuaWheat replied Apr 22, 2022
I think 1% profit is achievable but 3% is a bit difficult to imagine. And the amount of profits do not matter unless a trader is consistent.
- JoshuaWheat replied Apr 22, 2022
Heard about the XE COVID variant. Covid took the market down and now it is stabilising. Hope this variant does not affect the market and people much.
- JoshuaWheat replied Apr 22, 2022
The forex market is a global currency market and is more volatile than other markets. Beginners might find trading forex complex and more speculative. But as they grow and learn about forex, they’ll find it less speculative and easy.
- JoshuaWheat replied Apr 21, 2022
If you read about forex trading, it will seem to be an easy way of making money. But you will see what it looks like in reality only when you do it in the live market. Start with the simple things and improve with time.
- JoshuaWheat replied Apr 21, 2022
If you don’t like reading charts, order flow can be the strategy for you. You will have to learn to recognize the market states to determine your entry and exit points.
- JoshuaWheat replied Apr 21, 2022
Discipline and patience are the virtues of trading. Without them it is impossible to become profitable and achieve success in a forex trading career.
- JoshuaWheat replied Apr 20, 2022
No. But getting drunk surely makes me forget the bad moves I made during the day.
- JoshuaWheat replied Apr 20, 2022
I have been facing the same issues with the trendlines since I started to trade. Now that I have the answer, I am doubtful. Can anyone confirm if the solution given by the OP works?