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I have searched online, and have had no success so far.
Turns out metaquotes has ceased support for mt4 and as such are ina transitional period to mt5.
P.S : I wonder why some of these mt4 indicators still cost $50. :cautious:
Not sure if I can be considered a proffesional just yet, but:
Learning and trading price action can be great for begginers looking to study the market.
Traders also need to learn to adapt to different market conditions:X3:. Dont enter a trade just because your strategy tells you to, Also look for reasons not to. You might miss out on a winning trade or two but you also miss out on the losing trades too.:)
Even though I monitor my trades regularly,(on my phone) ,I prefer to step away from the screen and do something else until I hit take profit or stop loss.(depending on the type of trade though).
If its a long term trade I completely step away from the screen, only coming back to trail my...
This is what I've been doing for the last 3 week's and I've had some good trades with it.
But I also use RSI to look out for divergences.
Caught a great trade last week on gold.:notworthy:
Have taken a forex education course and would you reccommend it to someone on a budget?:unsure:
Or would you rather have them start on a demo account for a few months while learning using freely available material?
Which do you think would be best?
i usually look for the engulfing pattern on higher timeframes H1+(The rsi being oversold is a great confirmation for me). Curious to know if others have had success with it on lower time frames.:unsure:
Studying price action, learning a strategy that suits you and sticking with it might help. discipline was what i lacked at the start. try a demo account, practice your strategy on it. if you cant complete a hundred+ trades using that strategy alone, then you might be lacking discipline.
p.s...
i use a stop loss to manage losses/risk. a stop loss allows me to risk a certain percentage of my account(Am i willing to risk a dollar or ten dollars). this way i can manage my losses. How wide my stop is(no of pips) depends on my lot size and the amount of equity im willing to risk(if i open...