Recent content by desofm

Very few of "gurus" are actually valuable. But there are good ones that can truly change your life. So develop a good critical approach to finding the good ones and you can start making really good money.

Keep your head cool. The worst enemy of a trader is their own mind. Create a plan, stick with it, and don't let your mind get in the way.

What have you learned so far? I want to get into algo trading too!

I'd say both can help you a lot, especially when you use the right combination of signals/confluences to take profitable trades consistently

Don't trust random EAs, you must know what they are doing and how before trying automated trading like that. Just find a good set of indicators that give you good entry signals and SL level, maybe exit/TP signals too, depending on whether or not you want to choose to have a fixed RRR for TP

Some people find indicators useful, others don't. It really depends on your style, what you feel comfortable with and helps you win more. However, I think indicators are incredibly good to quickly analyze data and what's happening in the market. Yes, it may lag behind, but if you use the right...

It depends on your trading style. If you don't have one you should define what you want to trade (scalping, day trading, swing trading) And from there you may need to craft a macros strategy and a micro one, meaning you usually would look at higher timeframes to take better decisions on your...

First learn the basics, fundamentals. Then once you have a good idea of what you are doing, you can get more benefits out of journaling because you would know what you're trying to accomplish

If you are day trading or scalping, you almost must place a SL either when you open a position, or as soon as you place it. Otherwise you can get your account blown in seconds or minutes

Poor trade management and risk management. And it often it's caused by not having your emotions under control and not following your plan (you must have one if you don't).

You have to learn a lot and if you find them useful, use the right tools, to make it easier and better for you to trade. Tools like indicators, journals, performance tracking, EAs often make the difference between losing and winning in the forex market. I must say that you must NOT trade with...

I've seen people have 90%+ win rate with this indicator. It of course doesn't work all on its own. You must pair it with great technical analysis and maybe other indicators. I mean, these guys have won an award with it, it can't be that bad, just you get to use the right configurations and...

Oh and if any of you have any questions, just let me know, I have a few ideas already to improve it