EURUSD

Quoting enoh james a

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hello guys cud this be the end of the up trend of eurusd?cos i have been selling am lossing 165 pips pls i need help,wats a day

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Quoting misterboy

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Damn...thats huge. Is that your biggest one day loss ever?

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Quoting bablo

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Got it beat. 88K one day loss. The day I wished I had a accident on the way to work.

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Quoting cobraforex

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Most unprepared traders are saying this, they get burned and blame whoever or
whatever they can, less themselves.

How long time you studied FX?
How long time did you practice?
How much you spent in education?

This is a profession and you don’t learn it in two weeks, thousands of screen hours are necessary to know just the basics, experience will come within the years.

Would you call a doctor that successfully made a operation on an open heard lucky?
No. he studied and practiced many years to do it and the luck factor is almost cero.

There is no such thing than opening a 1k account and being millionaire in half a year.
An average winning rate of monthly 10 to 20% over equity with properly MM is normal for a good trader so ask yourself how much you want to gain monthly and calculate how much capital you will need.
Without good education and enough experience you need a lot of luck in this business, it’s like flipping a coin.

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Quoting PrisonPlanet

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I did lose 24K in one day, but was all because of idiotic panics. Overall am still up

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Quoting DannyK

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any shorts goin in right now?

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Quoting PrisonPlanet

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down $600 .. well I was down 12,659 today

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Quoting Z3iz3i

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Shorting all the time, 100 pips in few hours.

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Quoting cobraforex

Disliked

Most unprepared traders are saying this, they get burned and blame whoever or
whatever they can, less themselves.

How long time you studied FX?
How long time did you practice?
How much you spent in education?

This is a profession and you don’t learn it in two weeks, thousands of screen hours are necessary to know just the basics, experience will come within the years.

Would you call a doctor that successfully made a operation on an open heard lucky?
No. he studied and practiced many years to do it and the luck factor is almost cero.

There is no such thing than opening a 1k account and being millionaire in half a year.
An average winning rate of monthly 10 to 20% over equity with properly MM is normal for a good trader so ask yourself how much you want to gain monthly and calculate how much capital you will need.
Without good education and enough experience you need a lot of luck in this business, it’s like flipping a coin.

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Quoting ovaforty

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Things have certainly changed on the fundamental side of the bigger picture. But there is a good lesson to be learned from this. Fundamentals will lag behind technicals.
Smart money will exploit this situation by finding out approximately where the selling interest occurs and where the buying interest is sitting, and placing positions at strategic locations, waiting patiently for the market to fulfill its destiny.
Smart money is looking for opportunities to make easy money and exit before retracements, or to cover their positions with a positive hedge to collect any lost profits during retracements.
Smart money is quick to exit positions in a volatile market, and waiting for signs of a bottom to become established, and consolidation to present itself.
Smart money has different trading strategies for different situations.
Smart money places positions for long term, mid term and the short term. Smart money divides his account balance into risk capital, and retirement type percentages.
Smart money uses strict discipline with money management for each of those percentages.
Small lot sizes and trailing stop losses help to protect that position that is taken from logical analysis and strategic entries. Partial profits are taken at strategic locations and house money is used for resumption of trend for the remaining partial position. When you close a trade in the MT4 platform, you have the choice to close all of the position or part of the position. With the huge swings in price range that we are seeing now, traders are often exiting their positions too early, and taking profit too soon. At other times, they leave a position open too long and their profits get eroded, or the position reverses and turns negative on them, before turning positive again. Taking partial profits, scalping retraces, and trailing your stop losses will help you to maximize your profits in this volatile market. Dont be afraid to hold a long position and a short position on the same pair at the same time, as long as the price is swinging wildly in both directions.

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Quoting enoh james a

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Hey Some One Helppppppppppppppp Me,am Still Down 189pips,pls Go Down Eur

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Quoting PrisonPlanet

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Nurses do not jump into a surgery without practise. but without blood experience, their learning will be slow.....very slow

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Quoting cobraforex

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Why not trying to be the well payed doctor instead of the nurse?

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Quoting atmokupe

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omg, wher is Eu going to? what is the nearest resistance level. is this a retracement or a reversal?

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Quoting ak4x

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Hopefully the yen retrace will hold at or above the 162% GY extension... otherwise it was a good pip.

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