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- ryan-fx replied Jul 28, 2016
No matter witch or how many pairs to trade, but you have to know the character of the beasts. Of course correlations has to be taken into account as well otherwise you`re messing with risk management.
- ryan-fx replied Jul 28, 2016
Trading without stops is like closing eyes while driving a car, sooner or later something bad happens.
- ryan-fx replied Jul 27, 2016
The question is not "Is Forex reliable?" but instead "Is my knowledge reliable?" and "Am I reliable?" It takes time and dedication to answer Yes.
- ryan-fx replied Jul 25, 2016
I would say, concentrate to trading.
- ryan-fx replied Jul 25, 2016
Number of gained pips does not matter. Number of opportunities matter and risk set per opportunity. There is also a catch - short term movements are not so valid, entries has to be timed well and movement are very quick. It is very easy to burn out. ...
- ryan-fx replied Jul 25, 2016
You should know what this EA actually does and based on this knowledge you should know when this EA is more likely to succeed and when not. You should turn it off when market conditions are not what this EA is designed for.
- ryan-fx replied Jul 25, 2016
Stick to higher time-frames: Daily and 4H, 4H tf is a bit tricky due to server time difference of brokers. 4H has to be played in conjunction with 1H chart.
- ryan-fx replied Jul 25, 2016
Take your time, lots of information here in this forum to digest - for more than decades. This is not definitely get rich quick kind of business. If you look smth like this don`t bother to trade.
- ryan-fx replied Jul 25, 2016
Wider SL we use and tighter targets - more winnings we get and vice versa. Loss in not just a loss, this is a risk you take to win in a long run. Only chance not to lose is not to trade, therefore losing is not bad at all once your losses are in ...
- ryan-fx replied Jul 25, 2016
You don`t want to trade without placing stop loss. Sometimes it really hurts when price hits your SL and starts going in your favor but once you leave your position without one you gonna find a trade sooner or later which starts to go against you ...
- ryan-fx replied Jul 25, 2016
It all boils down to what you feel yourself comfortable doing. No right or wrong answers here. Of course you have to take into account what is the win rate and what is the minimum win per single trade to make your money management work in along run.
- Posts by Member Search: 'ryan-fx'