Hi!
I'm not sure if this is the right place to talk about this topic, but since I have just started Forex trading, i guess I am a beginner and I'm at the right place.
I have started trading for just over 3 months. I made mistakes, had a good run and I am still learning.
However, recently I am having this "phenomenon" situation going on and I am not sure if this is really normal.
I am usually 40% to 60% right on the direction on where the chart is going. However recently I am getting stop-loss by 1 to 10 pips before the price goes my direction or the price is just 1 to 10 pips from hitting my limit order before going the direction I intended. It has been consecutively happening for this week, out of my 13 consecutively losses, 8 of them hit my SLs before going my intended direction. It doesn't matter if the SL is 40 pips away or over 100 pips away, it just keep happening. Also, I have missed over 6 to 7 good trades because price did not hit my limit, missing even up to 0.5 pips away! It has been happening for the past week and I think its very unusual or does luck have anything to do with it? Does this "phenomenon" happens all the time to any experienced traders out there?
I want to find somewhere to rage but I don't want to do it in the markets by revenge trading and I don't want to chase the trades as well.
Beginners should continue to learning in Forex trading to gain knowledge and skills for their work. There are so many trips and tricks are there for any newbie, but self learning is best.
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Self learning is best not only Fx but also others profession. But honestly speaking without a great mentor that’s really difficult to learn Forex as a beginner. Because this market is too much volatile and widespread. Beginners can take demo trading for self learning besides Pips school.
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Joined Mar 2016
|641 Posts
thanks for sharing the link , but its not update version , i have seen same list long time ago. by the way, sounds good when see Forex factory at no 2 position. i like most Fx factory , pip and FPA. thats all. beginners should follow only this 3 for learning with broker suggestion.
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Joined Aug 2020
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Status: Junior Member
|6 Posts
Hi There,
I am new to trading and have been referred to the Forex Factory.
If this is the wrong thread, the moderator is requested to please direct me to the right place.
The question is simple - Where do I start to learn about participating with this group and also Forex trading in general. I have been trading on Olymp Trade since a month.
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Joined Jul 2020
|135 Posts
Collecting all the latest information is very much needed to all the new traders. Because it will help them to get idea about the markjet situation and help to make a good profitable plan or strategy to make profit from this market.
Hi There, I am new to trading and have been referred to the Forex Factory. If this is the wrong thread, the moderator is requested to please direct me to the right place. The question is simple - Where do I start to learn about participating with this group and also Forex trading in general. I have been trading on Olymp Trade since a month. Thanks in advance for any guidance. Thanks,
Ignored
hi and welcome in this community , its a very friendly community in online we have , feel free to ask any question you need to know. happy trading.
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Joined Sep 2017
|217 Posts
yes , its very supportive to analysis market in a proper way ,
but collecting all latest information is not a minor issue , need lots of analysis with good patience.
{quote} hi and welcome in this community , its a very friendly community in online we have , feel free to ask any question you need to know. happy trading.
Ignored
True, ForexFactory has fostered a great community!
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Joined Jul 2020
|130 Posts
The forex market is a very attractive market to start trading. There are many things to learn in forex market. You have to learn everything about order placement, different trading strategies, risk management techniques and more. To get started as a beginner, it's best to start with a free demo or virtual trading account.
Hi There, I am new to trading and have been referred to the Forex Factory. If this is the wrong thread, the moderator is requested to please direct me to the right place. The question is simple - Where do I start to learn about participating with this group and also Forex trading in general. I have been trading on Olymp Trade since a month. Thanks in advance for any guidance. Thanks,
Ignored
Hi Nishkam. No, you have not reached the wrong address. Welcome to the community. You will find plenty of helpful traders here. Goodluck!
Collecting all the latest information is very much needed to all the new traders. Because it will help them to get idea about the markjet situation and help to make a good profitable plan or strategy to make profit from this market.
Ignored
Yes, you are right. Being updated with what is happening around is very important for a trader. One must keep things like these in mind while formulating strategies before we trade.
