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Most traders lose money due to lack of knowledge, poor risk management, and emotional decision-making. Overleveraging, impulsive trading, and unrealistic expectations compound losses. Many neglect proper strategies, fail to adapt to market changes, or trade without discipline. Consistent...

I agree that starting with a demo account is crucial for learning and gaining experience without risking real money. It allows traders to test strategies, develop skills, and control emotions before transitioning to a real account. Trading with real money too soon without sufficient practice can...

Placing a stop order should be strategic, not arbitrary. Consider what factors made you enter the trade and what would invalidate it. Using recent swing points for your stop can help, but make sure the stop fits your risk management plan. Avoid "crazy Ivan" stops by waiting for market moves to...

Using too many indicators can overwhelm your analysis and lead to confusion. It's better to focus on a few key indicators that align with your strategy and trading style. This simplifies decision-making and enhances clarity, improving your chances of success without unnecessary complexity.

The differences between trading systems or brokers depend on factors such as spreads, leverage, fees, and trade execution speed. High leverage provides the potential for significant gains but comes with increased risk, while tighter spreads reduce trading costs, making them suitable for scalping...

Technical indicators like RSI help identify overbought or oversold conditions, while moving averages show trends and potential reversals. Candlestick patterns reveal market sentiment and entry/exit opportunities. Combining these tools can improve decision-making by confirming trends, managing...

This system is based on swing trading with non-repainting indicators and simple rules. It works across M30, H1, and H4 timeframes, boasting an 85% win rate with a 1:3 risk-reward ratio. It is compatible with any tool in MT4 and exclusively designed to work within the MT4 platform.

The forex forecast for the week of October 26-30, 2020, suggests a mixed outlook due to uncertainty from COVID-19 and the U.S. election. The EUR/USD may rise to 1.1900, GBP/USD shows short-term growth but could decline long-term, while USD/JPY may remain volatile, with cryptocurrencies like...

For beginners, it's best to start with major currency pairs like EUR/USD, GBP/USD, and USD/JPY, as they are more liquid and have lower spreads. As for the timeframe, using a 1-hour or 4-hour chart is ideal for beginners, as it provides a balance between quick insights and more stable trends.

Your strategy of exploiting correlated pairs' divergence is interesting and feasible. For point 2, a divergence strength indicator could be created by measuring the distance between the pairs and normalizing it to a scale (e.g., 0-100). The position size calculation can use the correlation...

For Boom and Crash indices, it's important to use indicators that match their unique volatility and market patterns. Popular choices include the RSI (Relative Strength Index), Moving Averages, and Stochastic Oscillator. Combine them with risk management strategies and backtest to find what works...

There’s no one "best" trading strategy; success depends on market conditions and individual goals. Popular strategies include trend following, value investing, momentum trading, and scalping. Effective risk management and continuous strategy adjustment are key. Research, backtesting, and paper...

Success in forex comes from thousands of hours spent studying charts and refining strategies. There are no shortcuts—failure is part of the journey. Each mistake teaches valuable lessons that lead to growth. Embrace failure, keep learning, and stay persistent. Your best strategy emerges through...

In my experience, trying to double capital quickly leads to high-risk trading and losses. I focus on disciplined, patient growth with risk management and continuous learning. Though it takes longer to see significant gains, this approach minimizes unnecessary risks and helps build wealth...

Trading around major news releases can be volatile but profitable. Some traders avoid it due to risk, while others capitalize on the volatility with strategies like news breakouts or using economic calendars to anticipate market reactions. It's crucial to manage risk and stick to a...

As a beginner in forex, start by learning the basics—understand currency pairs, pips, spreads, and leverage. Study technical and fundamental analysis, and use demo accounts to practice. Develop a trading plan, focus on risk management, and gradually build experience. Consistent learning and...

Setting forex trading goals is crucial for progress. My focus for the upcoming year is consistent growth through disciplined strategies and improved risk management. Achieving steady monthly profits, refining my trading plan, and expanding my knowledge will be key milestones. Let’s aim for...

For beginners, it's best to start with major currency pairs like EUR/USD, GBP/USD, or USD/JPY. These pairs are highly liquid, meaning lower spreads and more predictable price movements. They also have ample market data and analysis, making them easier to understand and trade with lower risk.

Forex trading involves buying and selling currencies to profit from their price fluctuations. Unlike stocks or commodities, which involve ownership of shares or physical goods, Forex focuses on currency pairs. For beginners, try resources like Babypips or Coursera's Forex trading courses to...

Trading every day isn't necessary; sometimes, "no trade" is the best choice. Focus on clear trends with low volatility, typically occurring once a week or month. During these times, trade with high volume, as following the trend maximizes profit potential. Remember, the trend is your best friend.