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Yah I get you but if you don't learn to remain disciplined you will always be in the same situation, no change same results all the time. This tips can be learned through practice, practice and practice. Trading psychology is a must topic to address
with great spread and volatility comes great risk and it means you have enough capital, patience, experience and good risk management practices, thats all i can say. try GBPUSD for starters
yes true, doing that same thing which has been working for u over and over again. thing is some novice traders think you can take a shortcut in trading!
Very true cos even with a system which is very accurate most of the time, you can kiss goodbye a profitable trading journey or scratch out the system saying it doesn't work if you don't follow proper risk money management
Start off with acquiring the knowledge, experience & skills in the vast field of trading first. To get up to speed to what trading is all about i recommend you study the extreme basics from babypips.com then look up video tutorials on YouTube. Then join a legit community of successful traders as...
A trading plan will help you not to deviate from your trading strategy and this can save you from unnecessary losses. A trading journal/ trade track sheet helps in identifying mistakes you might be repeatedly doing without noticing and how to avoid them in the future. Attached is a sample...
You probably wondering what do I mean by this, well this applies to non US Countries whose currency is weaker than the US DOLLAR. I have a friend of mine who is a newbie trader who has potential to be profitable but is being stopped by one thing, He THINKS OF HIS PROFIT IN DOLLARS rather than...
I would advise you to learn the core basics of price action before jumping to a "holy grail system", since you say you are new you still have a lot to learn and in the forex industry we are always students of the market and will remain like that. cos to make a system work for you you need to be...
Risk Entry basically means you don't have any confirmation to buy/sell yet, you just entering based on the 2-3 touches, but with a reduced risk entry you enter after confirmation such as continuation patterns(hover, flags, wedges) when price breaks out of these structures/channels. And in...
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