If you could go back - one Forex thing you'd tell youself?

don't even try

Reversing a NOT successful strategy bring not out a successful strategy....one myth of the newbies and loosing traders...

If you had started on the right track , you would have made a lot of money.It is never too late to learn this.


The following information was available on november 20, 2017
Professionals trade forex when there are expected rises or falls in interest rates, as a result of expected rises in interest rates, Eur/usd and gbp/usd have fallen in 2018.They set a target of 1.10 for eur usd, I don't know if this will make the target.

Goldman Sachs Predicts That the Fed Will Hike Interest Rates Four Times in 2018

Goldman Sachs said it expects a tight U.S. labor market and more normal inflation picture will lead the Federal Reserve to hike interest rates four times next year.

If you had listened to the big boys like Goldman Sachs and interest rates expectations, search for it google, for U S is expected to raise interest rates 4 times this year, and gone short on the weekly time frames on Eurusd and GBP/USD , you would have made over 2,000 pips on both of them. This expected raise in interest rates caused the dollar to get stronger, "interest rates expectations and how they drive dollar on weekly and monthly basis".This is not something new to fx trading, it has been going on since the 1970s, as far as I know. Interest rates expectations and economies change over months and years.This is how big currency traders trade.It worked 50 years ago and it worked in 2018.This is why dollar got stronger.The market does the same thing , over and over again.

I would never waste so much time coding indicator based strategies....waste of time!
First 1-2-3 or breakouts ...how do you name it....then filter theses pearl with ma100 and more....
I started on binaryoptionsedge and most of the strategies are only indicator based...and most of the traders frustrated that they don t get even 60%!
I even would waste of much time in MT4 developing strategies...u simply can t test the results as non coder...better some systems where you can test:
- forexstrategybuilder
- Prorealtime
Dazu gibt es bereits auch fertige Strategien unter prorealcode.com!

Example:
https://www.prorealcode.com/prorealt...rtingbreakout/

save your money till really know how to trade it!

I would tell myself that being flat is OK, even when others are trading. Being in cash is also a position!

Oh and don't worry about what others are doing. Trading success is all about YOU!

"You're not god."

Even the most brilliant of men, with all their imagination and rigor, cannot fathom nature, truly. Imagination doesn't come close to describing the natural phenomenon that exists at 100% accuracy. There's only theories that can get close, and are well implemented.
You can talk to the most accomplished scientist in modern day, and they'll humbly say they can only go so far as the standard model in physics and such; that it's about, roughly, the closest set of theories to describe reality.
That doesn't mean there isn't hope. Human ingenuity has carried humanity through the most unimaginable, and treacherous conditions. I was told, that in business
it should be as simple, as something that is put on paper with a pencil. Whatever your edge is, it should really be that simple. Measuring inputs and outputs has been done and have been quantified from music to electrocardiography. However abstract it seems, humans make it work. We have edifices, rockets and all sort of accomplishments. Landing on the moon is a hard question. Taking profits from fluctuations isn't so much, when you contemplate about it.

I should never have participated in forex tulip mania of the 21 st century, 99 % of retail forex traders lose due to the enemy within their mind , the enemy most know nothing about.

It is true that we all did a lot of mistakes when it comes to one major mistakes I will definitely say that: in the previous days I used my mobile phones randomly and though that it would not cause any problem in my trading hour. But unfortunately many times I lost my attention and I have learn that before starting trading session, we should keep these devices off so that we can be more focused on the chart during analysis.

Hi IWBB, the same here but at 1.55. Enjoy the positive swap for short position.

Be and independent thinker, do not follow the crowd, avoid all sort of "tutors"

I would tell to demo trade only until profitable consistently for at least 1 month.

I should have made a loan with my home as a mortgage when brexit, so my profit would be bigger.

Don’t need catch all of the trading opportunities.

Interesting question

Yes, follow the trend! Forex is mostly Random with occasional Levy Flight so just follow the daily trend concentrating on your exits and your risk and don't concentrate on your entry...................

same here

"Don't trade impulsively just because you want to open a position. Always trade with a set plan in your head".

To forget charts or any sort of technical based trading.

Do you trade sorely based on fundamental analysis?

Yes, seems to be working out well, I had to recently move brokers by in total have made 110% in approx in the last 10 months.