EURUSD

Quoting NotAtrader

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{quote} Fair enough and all my respect to anyone struggling here. Although not much, I allways try to share everything I can and know. I would be happy if that helped someone. And again - everything available here is for free. It is up to you what you make of it. Thus no need to attack and abuse people calling them liars and scamers. Behaviour like this does not contribute to a better knowledge-sharing environment. It only creates pointless arguing and takes away the forcus from the reason why we are here. Cheers

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Quoting Don96

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{quote} Understand price and pairs first, indicators lag and are misunderstanding to most... price doesn't lag it fakes... so something that lags after something that can fake is/can cause huge problems... support and resistance is probably one of the easiest places to start... try babypips.com

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Quoting Samson85

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{quote} Nice, I will be trading with a 50k account soon. Any advice? Some say use 1% per trade and some say 2% to 3%.

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Quoting caledonia

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Morning recap. From the chatter in the thread today we can see that the Euro/Usd is in a consolidation phase. This quiet phase should be used for study and strategy development however we can see that this is not happening. The children are bored and have resorted to bickering and name calling. This is a phenomenon often seen when the market is giving no clear direction. Looking ahead we hope that something happens soon or we might have to use the naughty corner and time outs.

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Quoting caledonia

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Morning recap. From the chatter in the thread today we can see that the Euro/Usd is in a consolidation phase. This quiet phase should be used for study and strategy developement however we can see that this is not happening. The children are bored and have resorted to bickering and name calling. This is a phenomenon often seen when the market is giving no clear direction. Looking ahead we hope that something happens soon or we might have to use the naughty corner and time outs.

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Quoting mamalujo

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{quote} its not only about what % of your account that you risk, it's also the risk-reward ratio of every trade you take. So if you only take trades with a higher probability of a win, ( 3:1) for example, then you're more likely to grow your account regardless of wether you're risking 2% or 3% of your account. however, like calebfx said, if you're new, 1k or 2k is perfect, otherwise 50k is just a fantastic figure that you can grow slowly n make something decent at the end of the year.

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Quoting Arx

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{quote} Although some may argue, but Trading live and demo is totally 2 different game, where the psychological factor is the main determinant in trading actually.
And the fallacy of risk reward is also damning to beginners. If we were to assume market is random, a random guess would give you a 50% win rate if you were to bet 10 pip on 10 pip (1:1), or 10pip on 20pip(1:2) would give win rate of ~66% which will give an expected return of precisely break even in the long run in both cases. However since there's market maker in the game, they leech you of the spread/commission regardless of your outcome. Your expected return on each trade are skewed to the negative if you were to act randomly.

They say it's a zero sum game for a reason. Other than the buyers/sellers, there's also the middleman. They extract money out of the market slowly but surely, therefore it's harder to beat this game than some may think.

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Quoting Samson85

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{quote} Nice, I will be trading with a 50k account soon. Any advice? Some say use 1% per trade and some say 2% to 3%.

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Quoting wukatrades

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adding another long. still think this is a potential trap. pretty tight stop tho

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Quoting skillz16

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{quote} Hehe: http://kickfailure.com/wp-content/up...3/ttt_WOPR.png I personally think people need to widen out to "longer term" timeframes that have you switch signals 1/4 times per month. Framing the "game" like that seems to me to be how you win while avoiding the items that I BOLDED above. ELSE, you just seem to help your brokers the most... right? I suppose poor brokers need charity? Mostly my personal opinions on "scalping" - but to each his own: {image}

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Quoting ill_be_back

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{quote} Sorry, Just started reading if u asking for this advice, then u r not ready for 50k account

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