Hey ff. I dont know why im having struggles with this, but heres my problem.
Im pretty new to trading (ive only been doing demo trading for the last year-ish. Read a book or two on trading. Still learning lots) and ive been trying to keep a good R/R for my trades. Im using mt4 and i cant figure out how im supposed to keep a 2:1 or 3:2 R/R ratio. I dont understnd how the pips are setup.
Any help would be appreciated. Also i feel like im more of a scalper. I like not having to take a big risk but would rather make smaller profits. Any books or information would help me tons. For indicators ive noticed RSI has helped me a lot. Im buying around the 20-30 mark and selling at 70-80. Its something ive been messing around with on the demo. Ive also thought about starting live in a month or so. I know that the demo account isnt like the same as a live account so the best way would be to try it out right?
Any input is appreciated!
Thank you
Im pretty new to trading (ive only been doing demo trading for the last year-ish. Read a book or two on trading. Still learning lots) and ive been trying to keep a good R/R for my trades. Im using mt4 and i cant figure out how im supposed to keep a 2:1 or 3:2 R/R ratio. I dont understnd how the pips are setup.
Any help would be appreciated. Also i feel like im more of a scalper. I like not having to take a big risk but would rather make smaller profits. Any books or information would help me tons. For indicators ive noticed RSI has helped me a lot. Im buying around the 20-30 mark and selling at 70-80. Its something ive been messing around with on the demo. Ive also thought about starting live in a month or so. I know that the demo account isnt like the same as a live account so the best way would be to try it out right?
Any input is appreciated!
Thank you