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Stop concentrating on the capital and monetary value, concentrate on consistency and gaining pips each week. Use this to do a trading plan and when both are good you can use a larger lot size. Make sure each trade is 1:1 R:R at least
Firstly you Shapiro always trade with a minimum of Risk reward of 1:1
If trading break and retest your SL should be below the last low/high, if price reverses three then you just got the trade wrong
Trading is 90% Mindset! You will read this many places and by experienced traders.
So when you loose a trade, for whatever reason, shut it down and walk away for an hour or the rest of the day. THE most important thing in trading is to protect YOUR capital. Revenge trading will kill your...
This is not an indicator, just simply a trader and a naked chart!
Learn about Structure of the market. This is looking at the candles, bar chart, line chart, to identify Highs and Lows.
By using this, and your trading plan rules, the right way you can identify the trend or a trend reversal...
When it comes to brokers it can be a minefield out there. Going on personal experience, of over 8 years trading, I personally find IC Markets the best for
. Low Spread
. Low Commissions
. Good Leverage
. Low Slippage
. Fast and reliable Withdraws
. Customer Service
So for any new...
When choosing a mentor in Forex Education, do not go for those who show just wealth and a screen shot of a trade/ profits made on trades, be sure to choose one that only shows trades with clear explanations of the setup, why the trade was taken, entry, S/L, T/P and risk management. They should...