Some traders prefer starting with shares to ease into market mechanics, while others thrive on the tempo of forex. But with your mini/micro lot mindset, you’ve already got the right risk management philosophy. Keep it up.
I've been feeling unwell since Sunday. I'll get back to this journal tomorrow if I’m feeling better. Keep posting your chart, I’ll comment once I’m back to normal.
Many online courses vary in quality—some help build solid foundations, others are just hype. Look for ones that focus on risk management and strategy, not just signals. BabyPips is a great free resource to start with.
This new SC guideline could drastically reshape Malaysia’s trading landscape—if your broker isn’t licensed locally, it’s time to rethink your strategy or risk serious consequences.
I agree that most retail traders gravitate toward scalping, possibly because it feels more “controllable” in fast-moving markets. But I’m curious—if current market structure knowledge is flawed, what would a more reliable framework look like for executing consistent intraday swing trades? Are there any principles or setups you believe do offer predictive value without relying on traditional TA?
My daily pip goal is 40 to 50 pips, but I treat it more as a benchmark than a rigid target; some days the market offers more, some days less, and hindsight has taught me that consistency and risk management matter far more than hitting a fixed number
You should be fine sharing the free indicators from FXSSI.com on Forex Factory as long as they’re publicly available and not modified in a way that violates their terms of use, but it’s always best to double check FXSSI’s licensing or redistribution policy and clearly credit the source when posting
Most traders lose money because they lack a clear plan. Risk management is important, but without defined goals and regular tracking, it's not enough. Treat trading like a business with daily, weekly, and yearly targets. Adjust when needed and stay consistent.
Start with small trades to reduce pressure. Have a clear plan before entering. Use alerts instead of watching charts nonstop. Accept losses as part of the process. Practice calming techniques like deep breathing. Confidence grows with consistency.
Hi, currently I am trading with MT4, wish to find out a few stuff before I commence with MT5. Appreciate any help or clarifications given. 1) High quality MT4 backtesting is require from 3rd party, is it the same for MT5? Or can I download the data from the broker (not metaquotes) 2) If downloading from broker is good to generate 99% backtesting quality, is there any reason to download from 3rd party (tickstory) 3) MT5 is able to do simultaneous multi symbol testing in one single test? Does it show the aggregated equity, P/L? 4) What is the neural...
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MT5 can use broker data directly and supports real tick data, so third-party tools are less necessary than with MT4.
If broker data is high quality, third-party sources like Tickstory may not add much unless you need specific historical depth.
Yes, MT5 supports multi-symbol testing and shows combined equity and P/L.
A neural network is a machine learning model that finds patterns in data to make predictions.
You can train a model externally (e.g. in Python), then integrate it into MT5 using ONNX format for smarter trade decisions.
Using the MQL5 Cloud Network costs money, but pricing depends on CPU usage and task complexity. You need at least $1 in your MQL5 account to start.
You can convert MQL4 indicators to work in both MT4 and MT5 EAs using compatibility libraries or manual code adjustments.
Many successful traders started with no prior experience. Starting with mini or micro lots is a smart way to learn without big risk. Share trading is also a good entry point, but forex offers faster learning due to higher volatility. Choose what suits your pace and comfort.
From what i know. Smart money usually refers to large institutions, banks, and hedge funds that have the capital and order flow to move markets. Stop loss hunting is less about targeting retail traders directly and more about liquidity since price often gravitates to clusters of stops where big players can fill orders. You can study this through concepts like liquidity pools, order flow, and Smart Money Concepts. As a beginner focus on risk management, understanding market structure, and learning how liquidity drives price instead of worrying about manipulation. That is where your edge will come from.
