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Ron_Smith
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Posts by
Ron_Smith
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How to become emotionless in forex?
in
General
12 hours ago
To stay emotionless in Forex, focus on your strategy, accept losses as part of the game, and stick to a consistent approach without getting caught up in every trade.
Let's Talk Trading
in
General
12 hours ago
Forex trading taught me that patience is key. At first, I wanted quick gains, but I learned that small, steady wins are better. It’s not about jumping on every move, but understanding the market and sticking to your plan. The hardest part is staying calm and not letting emotions take over. Focus on your mindset, and success will follow.
How accurate is the sentiment indicator?
in
General
12 hours ago
The sentiment indicator shows the market's mood, but it's not always accurate. It helps, but should be used with other tools for better results. Markets can change quickly!
Stress, anxiety and motivation.
in
General
12 hours ago
Stress and anxiety are natural, but don't let them control your actions. Break tasks into smaller steps, focus on progress, not perfection, and keep your motivation high by celebrating small wins. Stay grounded, take breaks, and keep pushing forward.
Best realistic profit targets
in
General
12 hours ago
Realistic expectations are key in Forex. Avoid aiming to double your deposit monthly—focus on understanding each pair's volatility and setting achievable targets. EUR/CHF may only move 50-55 pips, while GBP/AUD could hit 190-210 pips. Know your pairs, trade wisely! 💡
*Experienced Forex Trader Needed* Forex trader for a long-term partnership.
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Experienced Traders
Dec 12 at 11:15
Hi! How does this work?
Psychology
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New Traders
Dec 09 at 06:36
Yes, trading is largely about psychology. Even with strong technical skills, emotional control is key to making disciplined, successful decisions.
to be a greatest
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New Traders
Dec 09 at 06:35
To grow your $10 account to $500, stick to a solid plan: risk 1-2% per trade, aim for steady daily gains, and track progress with apps like Myfxbook, TradingView, or MT4/MT5. Patience and discipline are your best tools!
joining a trading community ?
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New Traders
Dec 09 at 06:33
Joining a trading community can help you learn, share ideas, get feedback, and stay updated. However, beware of misinformation, scams, and blindly copying others. Choose a supportive and reliable group that aligns with your goals. Great places to start include Myfxbook, TradingView, or Reddit's r/Forex.
Things you don't want to do as a forex beginner.
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New Traders
Dec 09 at 06:32
As a fellow Forex beginner, here’s what I’ve learned to avoid:1. Skipping the Basics: Learn how Forex works before trading.2. No Plan: Always have a clear strategy for trades.3. Risking Too Much: Only risk a small part of your account (1-2%) per trade.4. Chasing Losses: Don’t try to win back money with risky trades.5. Ignoring Risk Tools: Use stop-loss and take-profit to protect yourself.6. Skipping Practice: Start with a demo account to gain experience.7. Copying Others: Learn to analyze the market instead of just following others.8. Trading on Emotion: Stay calm and stick t...
Why Small Gains Compound Into Big Wins
in
General
Dec 02 at 06:00
Exactly! Small, consistent gains, compounded over time, lead to long-term success without the stress of chasing big, risky wins. It's all about steady progress.
Why in myfxbook is the xau/usd pip 1000 and not 100?
in
New Traders
Dec 02 at 05:55
A standard gold contract typically represents 100 ounces, but when you see it calculated with 1000 ounces, it's often for easier profit/loss scaling. Essentially, it's just a method to show values more clearly, especially when adjusting for larger trades or different lot sizes. The underlying contract remains 100 ounces, but the 1000 ounces could be for reference or simplified calculations.
Market101
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Experienced Traders
Dec 02 at 05:39
Totally get it. Umm I haven’t had that issue with Market101 so far, execution is smooth and fast on my end. Plus, their support team is pretty responsive. I had a question when I first joined, and they sorted it out quickly.
Over $7 trillion trades daily, this is still the biggest and the most liq
in
General
Dec 02 at 05:11
Forex stays king, but 2025 will bring new rules, tech, and drama to keep traders sharp!
Market101
in
Experienced Traders
Dec 02 at 05:10
Actually, it’s only been a few months with Market101. I made the switch mainly because their spreads seemed promising to me and it does make a difference while I trade. Also, they have a 100% deposit bonus, which is obviously a nice incentive.
what is your best trusted broker
in
New Traders
Nov 13 at 10:55
It’s wise to take the time to research and find a broker that suits your trading style and needs. After comparing a few options, I eventually went with Fxview. Its low spreads, zero commission and transparency about fees really stood out. Plus, they’ve got solid customer support, which has been very helpful throughout. So far, it’s been a good fit for me.
What are the main challenger new traders face nowadays?
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New Traders
Oct 18 at 08:54
I've faced a few challenges, like information overload making it hard to find reliable resources and market volatility shaking my confidence. Emotional discipline is tough when real money is at stake, and navigating high leverage without much experience is definitely tricky.
I am new to Forex and I am about to start my first trades.
in
New Traders
Oct 18 at 08:51
Demo trading is a great start! I’d also suggest keeping a trading journal to track your progress and set goals. Staying updated on market fundamentals and joining a trading community can provide valuable insights, and practicing mindfulness will help you stay focused when you go live.
What would you rather use for trading?
in
New Traders
Oct 18 at 08:41
I’d probably go for a mix of technical indicators and price action analysis for trading—it gives me a solid view of the market. But I know some folks who swear by fundamental analysis or even automated systems!
What should beginner traders trade?
in
New Traders
Oct 18 at 08:39
Also, check out major currency pairs like EUR/USD and definitely start with a demo account to practice!
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