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Sorry people, my Trade hit the StopLoss...

Almost every indicator has a 100% success rate. But only if you define "success" not in financial terms, but as "gaining knowledge" about the market structure.

I guess that it is a good idea, to watch some youtube videos, made by them.

If You would act completely random in the markets, You don't come to break even! The truth is, the more trades You do randomly, the more You lose automatically. Why? Because of the Spread! Your chance to win a random Trade is maybe 47% and the chance to lose it is 53%. Like with Roulette, in the...

The question that arises from the post above is this: Why do the few market participants with the big capital win the money of the many traders with the (individually seen) little capital? Why does the money flow from "poor to rich" and not from "rich to poor"? Because the few have the power to...

This question can be answered as follows: If all traders were equally well capitalized, exactly 50% of them would win the money of the other 50%. So winners and losers would be equally represented. However, since there are now large differences in the capital brought to the market by each market...

If it would be accurate, I would be millionaire. :) I programmed some EA, that adopted by accident to the inner mechanism of the artificial Tick-Creation of the MT4 stategytester in the 1-minute-timeframe. What I got as result was an almost straight line of growing money in the demo account...

The interesting thing about trading is, that it helps You to improve Your character also in the other aspects of Your life. My guess is, that You won't find many narcissists, but more humble people amongst the top traders. Is that true?

My Analysis of USDJPY on 6th of February 2024 considering the Smart Money Concept: Market was moved down today for the first time after the double top reversal pattern yesterday. The second and third strong move should bring the price into the Liquidity Zone at the bottom of the chart, my Take...

This one might be very good, since it is recognizing the trend reversals in the smart money concept. https://www.forexforum.co/threads/pts-double-top-bottom-indicator-for-mt4.17648/

Yes, everyone should practice with demo first, whilst thinking, this would be real money, otherways it is not taken serious enough. For EA testing there are some limitations in the demo account, because you never get real market conditions in spread, requotes and slippage. I have an EA, that...

скачать is the ONE word in russian, I learned decades after school, whilst looking to download something from a russian website. :)

For beginners I would recommend to trade AUD/USD (Australian Dollar/US Dollar), because there is a good stability in trends. To master EUR/USD you got to be a lot more experienced from my point of view.

After searching for a long time I found fxview.com It is a good broker with very low commission: Only 1 Dollar per 100k and with low spread. The only thing on the downside is the slippage, that can be huge in some marketconditions, especially if You trade Breakouts. So better You trade Reversals. :)

The concept of Smart Money will never ever be outdated, since there are always market participants with a lot more financial power, than the herd of retail traders. In Forex it is obvious, that there is an interbanking market of the 8 most powerful banks in the world, which provide liqudity to...

For sure it is worth learning, but on my opinion somehow more difficult than MQL4, since there is another coding concept involved.