EURUSD only

Quoting DMA Trader

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{quote} You don't need t make any money. You need to develop a system that is profitable over long term. Do not have more than 0.05 at any time on EUR/USD do not open other trades. Do not trade any other pairs or other instruments. Play wit 0.01 0.02 see what happens in 6 months. Keep a journal on all trades why did you enter why did you exit. IF you target 10% fast you are probably going to lose it all faster than get 10% profit.

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Quoting Ata-Turkoglu

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{quote} As simple as it gets: To play it safe: 0.01 lots for every 100 usd of equity should always be your maximum... *maybe less than that based on what you are risking for any given trade but never more than that... *Example: 0.50 lot size must be your absolute max. when trading with your 5000 usd with 1 open order... or 2 open orders with 0.25 each etc. etc.

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Quoting Alorente

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H4 chart. EU forming a rising wedge (Gray) and retesting the long term trendline (White). It looks like a big drop may be coming soon. {image}

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Quoting chanbisht

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hi guys, I m new in trading and need some psychology tips on winning n losing trades. I am trading from few months and just got one 5000$ funded account. Need to make 10% to pass the challenge and reach 50% too but seems very hard to keep the winning because losses are same as profit amount. Also what lot size you all suggest to trade as my max drawdown is 400 bucks and daily is 150

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Quoting chanbisht

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{quote} alright, I will focus on strategy and system first and do my learning with 0.01 lots thanks

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Quoting DeJaBlue

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{quote} 80% of new traders fail, Make sure that you are not one of them. Thats my moto!

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Quoting DeJaBlue

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{quote} 80% of new traders fail, Make sure that you are not one of them. Thats my moto!

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Quoting vinesh1

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{quote} if you want to be even more conservative OANDA allows less the 0.1 lots.

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Quoting Terges

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{quote} 100 % of new traders fail, only 20 % of them persevere to, eventually, be successful

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Quoting Turtle-Trade

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As I mentioned yesterday, about the key resistance at 1.16850, we are pulling back to yesterday's BOS level at 1.16000. My technical analysis indicates that this week will close with a red long upper wick. I'm in a short position at 1.16500- SL 1.16650- TP 1.16000

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Quoting chanbisht

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{quote} tbh I tried with 0.05 lots but won't get that adrenaline rush which i get in above .1 lots but what you are saying is correct. I need to focus on strategy first rather than profit and loss

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Quoting purplezero

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i try a short here {image}

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Quoting DMA Trader

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{quote} Always remember this, it will help you a lot. Every time you feel adrenaline, you're risking too much. Every time you're euphoric, you're close to losing. Adrenaline and euphoria are clear signs that you're overexposed. You might be right in the short term, but in the long run, you'll blow up your account. with those 2 things I've told you you can have the same account in 1 year. Also never copy a trade from someone over the internet. and put CNBC on mute.

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