This is the first time I am hearing about GBPUSD being called as cable, that's so cool

Both are coming from the same company, so they are good to use. But the main difference is that MT5 is much more latest as compared to MT4, so you will see and felt feel that there must be reason to why MT5 is better than MT4 or vice versa.

How many trades do long term traders do in term of monthly? Would like to know about that.

Cent account is quite useful if you want to start with smaller funds so that you do not fall into bigger risk of wiping out the account. Plus micro account is the one I find most preferable, as compared to cent account.

I have never tried orderflow. I usually go with S&R levels or trendlines. Sometimes I use price action to find out the price patterns on the chart.

I always recommend anyone who is into trading, that they should start learning first before starting with trade. Imagine not having any knowledge about trading and making the mistakes, this would have turned into a mess that you do not want to deal ...

This is quite good advice, actually you can try demo first before setting off with either cent or micro account.

Trading in the zone by Mark Douglas is a highly recommended!

I think most of the time why we still lose is because we do not pay attention to the chart and constantly make the very same mistake again and again without realizing that. I remember not knowing how to use stop loss back then and that was how i ...

I like this one - Be fearful when others are greedy and greedy only when others are fearful

Instead of 2:1 which is an ideal rrr, it is not out of question that you can use 1.5:1 as well. Some traders tend to stick with 1:1 and some can go for 3:1. I think it just depends on the effectiveness of your trading strategies.

Technically, I reckon that every traders should use stop losses because it may seems like you will be missing out of the profit in case it rebounds, but when there is drawdown, that's where stop losses come in and help you out the most.

To be frank, you could always create a demo account as soon as you start studying more about chart patterns in your trading platform. Those will help you to understand better, and then you can use strategy to form a pattern of your own. Once you ...

sensing resistance around 1.3500 levels. thoughts?

So, they'll be totally out of regulation and stuff? or cysec will be there and they'll just have an offshore entity?

my biggest mistake was getting in without stop loss. maybe became much over confident in the beginning

ya, i too am seeing this around 1840-1850 range next.

+1 on backtesting, but i think it'll be much useful for experienced traders than beginners, beginners mostly follow already implemented strategies and but yes, if it'll build interest, once you start testing your trades on demo

EUR/USD and USD/CHF can be a good option, since volatility is high. but also be very careful at the same time since you are a beginner, get in with low leverage at first.

risk management and greed. two factors which are worst according to me, while trading.