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- Graviton replied Mar 24, 2023
It's simple, but not easy. Follow these two rules. Trade demo until you get 3 months in a row each positive, Then trade a micro account at 0.01 lots per trade and never a bit more until you get 3 months in a row each positive. Then you'll know what ...
- Graviton replied Mar 24, 2023
Most of the risks are mentioned in the previous replies. The biggest risk, financially, is trading too large of a position size. Avoiding that is simple, just don't trade larger size than 0.01 lots per trade. In my own humble opinion, if that is too ...
- Graviton replied Mar 24, 2023
It's not impossible to trade Forex for a profit, but it's about 10,000 times harder than it looks. Forget about anyone telling you the "secret". Those who speak don't know and those who know don't speak. Trade demo until you can get 3 months in a ...
- Graviton replied Mar 24, 2023
There's a world of difference in trading demo and live. First of all, in demo there is not much emotion when you lose. When trading your real money, losses hit you very hard and wins inspire a false sense of confidence. You've had enough practice in ...
- Graviton replied Mar 20, 2023
Just a quick note: For new(ish) traders, find a broker that allows trades as small as 0.01 in size. I know Oanda allows that and I'm sure many others do as well. Stay at that trade size until you are consistently profitable for at least 3 months in ...
- Graviton replied Apr 13, 2021
That's right. As far as the stoch goes, I haven't traded it in a very long time, but from what I remember, it seems to work well except when it gets "stuck" for a long time at a very high or very low value. For me, that was a signal that the pair ...
- Graviton replied Apr 12, 2021
Mike, since I'm swing trading I usually use longer period moving averages like 50 to 500 periods. Those moving averages don't tell me anything I can't see on a bare price chart, but the cross of the averages, like the "golden cross" of the 50 over ...
- Graviton replied Apr 11, 2021
There was a question posted here but now I don't see it, so I guess it was deleted. I'll do my best to answer it anyway. The question had to do with using moving average indicators to enter trades. The question was, if one is going to use moving ...
- Graviton replied Apr 10, 2021
It doesn't seem to me like he has learned the lessons of his mistakes. I fear he has many more large losses ahead of him. Some simple rules to keep in mind are: Never average down. Never throw good money after bad. As mentioned above, gaps usually ...
- Graviton replied Apr 9, 2021
Glad to hear you got some answers Mike. Thanks to those who shared their knowledge and experience to help answer the questions here. I'd encourage anyone else with questions to submit them here and we'll try to find someone who can answer them. ...
- Graviton replied Apr 9, 2021
Hi Mike. I use resistance and support zones occasionally to help refine my exit points. So for instance if I have a tp set at 120 pips but there is a major resistance at 100 pips and price bounces sharply off it, I may want to exit with my profit. I ...
- Graviton replied Apr 8, 2021
I'm not seeing much discussion, so I'll make a few comments on the question: When do we know the trend is over? First of all, there may be many trends in different time frames, like an up trend in the daily, and a down trend in the 4 hour and ...
- Graviton replied Apr 8, 2021
Hi Mike. Your question goes right to the heart of what's probably the most important question of trend trading, how do we know when the trend is over? I have my thoughts on this critical question and I'll offer them soon, but I know some experienced ...
- Graviton replied Apr 7, 2021
I only have 2 out of 28 pairs that meet my criteria for swing trends today, chfjpy long and eurjpy long. I'm tempted to add acceptable criteria for shorter duration trends, but I am reminded of a very successful trend following trader who simply has ...
- Graviton replied Apr 5, 2021
Market was slow today. Just resisting the urge to overtrade it was a challenge.
- Graviton replied Apr 4, 2021
I try to turn each month of my swing trading positive, but even that is difficult. Day to day volatility in my swing trading makes it impossible to generate a fixed amount per day. As others above have said, it's better to focus on improving the ...
- Graviton replied Apr 4, 2021
Thanks George0. Trading is a rather solitary endeavor and I really appreciate the feedback. I'd like to know if anyone has used anything they saw in this thread and if it helped in any way. If anyone is having a problem with a certain aspect of ...
- Graviton replied Apr 4, 2021
I agree 100% Forextobe. It took me a decade to get the emotion out of my trading. In fact, it's still something I have to be aware of and if I feel it's not under control, I just have to step back from trading for a while. - G
- Graviton replied Apr 2, 2021
Simple is a good thing. The simpler a system is the fewer things that can go wrong. I still search 28 pairs to find a trend worth following, but my trend trading system is really very simple. It only takes a couple minutes to examine each pair and ...
- Graviton replied Mar 31, 2021
I'm old now, and I reflect on days gone by. Looking back over the many years of trying to get trading forex to work for me, I see a long string of mistakes and finally some light at the end of the tunnel. Like most traders, I entered this thinking I ...