COuld someone please answer this question for me. If I sign up to set and forget is it essential that I purchase forex tester? I can afford the subscription to SAF but I could struggle with the upfront cost of the testing software.

Hi everyone, First let me thank Panoramia for this thread, and also a thank you to all of you who I can see contributing to it on a daily basis. I am not new to forex, having been interested in it for a couple of years now. I believe that I know the ...

OK.... So maybe this is what is my main confusion, you pay the spread when you open the position AND when you close it?

What made you short this level? Whats the TF?

Thank you for helping me! Am i correct in thinking that when I enter a long trade I pay the spread when the order is triggered? Therefore the ASK will not affect where my TP should be placed. However when I place a short trade I must take the spread ...

Hi mate thanks for your answer. Bid/Ask, I will have to research this a little better! Here is another pic to clear up where I got in and my SL/TP levels. My understanding is that when I sell the EUR I am looking to buy it back at my TP. I had a ...

How many times have you done this? Sounds like you need to re think your strategy!

​ what actually makes you pull the trigger though? How do you choose whether price is going to reverse or sail on through a level.

Sorry if you have answerd this but was is your entry criteria? What sort of behaviour do you look for in price at these key levels?

What TF are you taking trades on? I see you jumping between a few

Fair play if that works for you but I could never enter a trade without an SL. Also with a $10,000 account, 1:5 leverage and 0.5 lots all of your trading capital is stuck in the one trade right?

could you explain more please?

Though leverage really does not matter, as long as you are risking no more than 2% (or whatever your max) per trade it wouldnt matter if the leverage was 500:1 or 10:1 right? At the end of the day you are just buying the amount of lots that ...

Perfect Just be pleased you took pips out of the move. Keep doing that consistently and you will be all good man. Nice work.

Thats the best advice you will get my friend. Listen to your gut. Emotions are natural but need to be beaten away in this game. I can now watch 2% of my account disappear on a trade without batting an eyelid, this can happen several times in a row ...

Whatever you do ignore this bullshit. Seems like you have some major issues with your RR. The market dictates the SL, there is no 20/30/40 pip rule that is nonsense. Work out where that stop is then order the appropriate amount of lots that risks no ...