Recent content by spliced27

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    Never stop learning...

    Even my most successful traders still watch videos and other mentors live streams. You can never stop learning if you want to stay the best
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    Forex broker is the most important factor

    I started with Oanda which is a highly regulated US broker and performed great. Im currently using kot4x which can slip at times but I like the leverage better
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    Trading discipline is the establishment

    I think the most important part of discipline is having a set take profit and stop loss before entering any trade. If you have at least double the reward versus risk you stand to have a chance of being profitable
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    Best and worst broker experience 2.00 star(s) 1 Vote

    Ive never actually had a bad broker experience. I started with Oanda which is a highly regulated US broker. Im currently using kot4x which is easy to deposit and withdraw using cash app and has 500:1 leverage
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    Emotions are the worst enemy

    The best way to overcome emotion is having a set take profit and stop loss before entering any trade
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    Paying money for forex course 1.00 star(s) 1 Vote

    Free education is usually more harmful than helpful. It can also be a crap shoot paying for education as well. I believe having a mentor is essential for success
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    Lack of interest in learning

    Even my most successful mentors who have been trading successfully for years are still engaged in continuous learning
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    Gold trading is excessively unsafe for

    My broker increased the spreads since the virus which makes it much less appealing to trade
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    General Gold Spread Very High

    My broker said due to the corona virus that production of gold has greatly reduced so they have increased the spreads for lower volumes
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    Trading Hours in Different Countries

    Trading times are critical. During the asian sessions a lot of pairs will only move 10-20 pips. Very easy to lose. Trading London and NY are the best
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    Who is best forex blocker

    I like to use kot4x. Very easy to setup an account and can deposit using cash app with bitcoin. Up to 500:1 leverage
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    Suggestion What traders should do to overcome psychological stress 3.50 star(s) 2 Votes

    Should always have a strategy before entering a trade (set stop loss and take profit). Should also have a set win or loss amount for the day so if you exceed to quit. This will help prevent revenge trading if you are losing
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    I'm thinking of changing my broker, is it advisable Fam ? 4.50 star(s) 2 Votes

    There is nothing to lose with trying a new broker. Just do research that they are reputable. I like kot4x
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    Trading is risky....

    Trading can be very risky without proper guidance. I believe a mentor is critical
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    Trading with the trend gives you bigger profits

    Trend trading always gives you the best probability. Counter trend is very high risk
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