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I guess make sure your broker is regulated by the FCA. Then pick one with low spreads and instant transaction on instruments. Some brokers give good spreads on some exotic forex pairs and some don’t but give better spreads on major FX pairs. Leverage is another thing to pay attention to. You...
thats only some limited form of gambling activites... poker for example...
a slot machine has far greater odds than you do and its pretty much a gaurantee that nothing will work to keep you successful long term
i risk under 1%, removes most emotions in trades... losers are easier to swallow. There are EA's which risk to make aggressive gains but i don't think its long term successful
i trade the london and early NY session... Volatility makes more sense of prices moving and reversing... I avoid Mondays sometimes and most Friday's as proft taking and start of the week like to play havoc
Amen... I wish i understood the meaning of the first post when i started over 10 years ago... I only really just learnt it a year ago what it means to have a system that suits you and hopefully i think i found it...
One thing i've learnt for myself is KISS - Keep it simple stupid... helps remove doubts and distractions and the next thing to do is trust it, going against it isn't helpful
There are many good strategies out there but one thing no one tells you is that you need to learn which one of those suits your personality and style.. thats most of the battle, then you learn to respect the strategy... i trade support and resistance - its that simple, i have removed all other...
Well I would say look up Sam Seiden... He recently got busted for fraud but I followed all his videos and he makes sense none like other when referring to supply and demand
Yen and AUD is usually Asia Session
Eur, GBP and USD is usually London and NY session... this is all subjecive but thats the general consensus.. I would look up correlation pairs
there are lots of harmonic indicators out there, which one are you referring to specifically? Harmonics won't always work, you need to combine it with other indicators to help confirm a trade
Does anyone know how to build a dashboard in MT4? I want to create an indicator but am not much of a programmer
A dashboard similar to the attached
thank you
what do you want to learn to trade? Stocks? Currencies? Commodities? You can trade them all but you got to learn so much.. if its forex you want to learn to trade, then head over to babypips to learn how brokers work, how your money is spent when you invest, and how to read markets... Then come...