Yes thanks! This was several years ago. Risk management sorted out now thankfully

Yep this is a classic mistake and the quickest way to blow an account. Problem is some beginners use leverage and get lucky first time. And this just sucks them into bigger losses down the line. I speak from (bitter) experience!

Personally I prefer MT4 as the range of indicators is much larger. However MT5 has greater functionality so depends whether you value the range of indicators or not...

I believe Hugo’s Way accepts Bitcoin deposits. This is not a recommendation though I know others who have used them.

Yep! Let’s put it this way - I know a lot more people who have blown an account through their trading rather than broker choice!

I quite like putting a moving average (e.g. between 5 to 10 period) over the ATR. When ATR is above the MA suggests there is volume, when ATR is below there isn't (i.e. ranging)

Broker choice is definitely a risk factor in trading but I'm not sure I agree it's the primary one. Do your due diligence in broker selection, make sure they are well regulated, etc. There are lots of sharks out there. I also use several both to ...

I think the way to think about it is a stop loss allows you to manage your risk (not avoid it completely). With trading in general this is always risk. No one has a 100% win rate. Stop losses are about protecting you downside so that you can develop ...

Personally I would focus on increasing your account balance before going any further. $50 is not really a reasonable amount to trade at if you're looking to risk a maximum of 2% per trade (recommended). Whilst you build your balance I would demo ...

Personally I just trade one single strategy, on the daily chart. I do this because it works with my other commitments (i.e. don't have time to constantly monitor for intra-day trades). Also, trading one strategy I feel allows you to master the other ...

I agree that the mental / psychology aspects are super important. What I would say is that if you don't get the mental stuff right, you will struggle to succeed. However, also that does not mean that the opposite is true i.e. good psychology on its ...

This is one of the hardest things to overcome as a new trader and can really mess with your psychology. You see it heading the way you thought and then either jump on late (FOMO) or else you are not cautious next time you get an entry signal. ...