{quote} I never change brokers my friend. I have 95% winning traders at all times, I am trying to master to 100% lets see if I can make it. Trying with multiple Logical filters and Math Logics/ Arbitrage I do not use.
Ignored
95% is already a high level... if conditions are good, then the trader will not change broker
I have verified the leaderboards of some of the most popular prop firms, and I discovered that the most successful traders (the top 10–20) are scalpers who remain in the trade for between 10 - 15 minutes per trade. Unless those leaderboards are fake, what do these statistics tell us? Is it telling us that scalping is the easier way to make money in forex trading, or is it telling us that scalping is the only way that one can make money in trading?
Ignored
I think scalping isn't the easier way to make money in forex trading, It requires special skills such as concentration and attention.
{quote} It's true that day trading is often challenging, with many participants facing losses across various markets, including stocks and commodity futures. While most people tend to make money through long-term stock investments, day trading is a different ball game. Regarding the foreign exchange market, it's not necessarily a zero-sum game for losers. The dynamics involve spreads and commissions, contributing to a three-participant game. It's not solely about losers; it's a complex arena where successful trading requires skill, strategy, and...
Ignored
Day trading is one of the strategies used by many traders today. It's is a complex strategy, but everyone believed that it's the easiest way to make money in the shortest amount of time.
Because of wrong MM. You can still be profitable with almost any strategy if you adjust your MM.
Ignored
Following the MM is one of the main rules of successful trading, but you should also not forget about personal qualities and the ability to analyze the market situation
After you build decent strategy it comes to discipline , money management and psychology. Once when you put all together you will still struggle. It is just hard, that is nature of trading. In my opinion 90% is not right percentage, it is more like 95-98% . .
Ignored
It is difficult to say what percentage of traders lose money. Nobody conducted surveys. But it is true that certain preparation is needed in order to trade with a positive result. Beginner traders cannot find their way around trading for a long time: they do not know how to trade, how to apply the acquired knowledge.
For instant orders, setting stop loss and profit targets can cause traders to miss time and price, perhaps modifying the order after the order is active is more efficient, but if you have an EA that can work, setting stop loss and profit target automatically will be more convenient
Ignored
It all depends on the trading strategy; if the strategy involves the presence of stops and take profits, then you need to think before removing them. You can remove the stop loss and then sit and watch the growing loss. There's no fun here.
I think that many people had this thought after their first failures in trading. I had this too. But after taking a break from trading and thinking about my actions, I realized that no one would make money here quickly, including me, no matter how much I wanted it. Therefore, I had to work on improving my trading strategy and it took quite a long time and only then I began to be able to trade profitably.
Martingale works well when there is a flat in the market. But when the price abruptly leaves it and moves along the trend, the deposit is reset to zero. Especially when the trend is non-reversible and the currency pair has high volatility. Therefore, martingale does not work in the long term.
It's possible. But if we talk about the stability of earning such a percentage of profit, then there may be problems)). At the same time, you need to conduct more aggressive trading to ensure such a profit, which means you need to increase risks, which can lead to the opposite effect.
It's better to start with a demo account. Yes, there is no psychological component, but why immediately open a real account and risk it to test unfamiliar trading strategies or indicators, the quality of which we know nothing about and can quickly lose our money?
Or maybe this advisor does not close orders in a timely manner in whatever direction they are placed? That is, for example, the advisor entered into a buy position, the transaction came out to a small profit and then the price reversed and there was a loss. The same thing happens with sales transactions. That is, profit is not recorded in a timely manner??? At the same time, it is not clear by what algorithm and under what conditions entries into the market are made. The question also arises: what time frame does the advisor trade on? And if trading takes place on small time frames, where there are a lot of multidirectional movements or noise, then without optimizing the algorithm to find more accurate entries, you won’t be able to make a profit, especially when the advisor’s algorithm is built on indicators that very often lag and are constantly redrawn.
It is better to analyze different timeframes, no matter how many currency pairs you trade. That is, when viewing higher timeframes, we see in which direction the trend is now directed, what important levels exist and, as we know, it is better to trade in the direction of this trend. When analyzing lower time frames, we can identify pullbacks or correctional price movements, see how the price reacts to support/resistance levels and find more profitable market entries after these pullbacks.
