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Exit from a trade
v
Obecné
Jan 18, 2021 at 11:28
I consider timing an exit more important than when to enter. You can enter a trade at almost any time and make a profit as long as you time your exit properly
There is no short cut
v
Obecné
Jan 18, 2021 at 11:27
Some shortcuts can be made by focusing on only the best educational sites and books. There is so much junk if you cut that out then you will get to succeed faster
It is very important to sharpen
v
Obecné
Jan 18, 2021 at 11:26
Learning is easy when trading. I have the charts in front of me and a good book on Forex on the desk. perfect way to learn and earn
Psychology of Forex Trading
v
Obecné
Aug 07, 2019 at 10:25
People who want to "get rich quick" are lazy. FACT. They will always fail because they do not want to put the effort in
Stop Loss
v
Obecné
Aug 07, 2019 at 10:24
I don't use stop loss. I close trade only when I get a chart pattern in opposite direction to that of which I am in. This means that I am always in the market when I close a long trade I open a short trade
Investing in Forex
v
Obecné
Aug 07, 2019 at 10:22
Really good advice. I wish that I have that when I first started trading
What does matter
v
Obecné
Aug 07, 2019 at 10:22
problem is that there is so much sh*t out there that people do not know what strategy to learn. Sure everyone can learn the basics and risk management for free online but when it comes down to learning a strategy there it is too much rubbish out there that it is impossible to find the needle in the haystack
Successful trading
v
Noví obchodníci
Jul 31, 2019 at 08:44
Most sensible thing I have read on MyFXBook, To much credit is given to risk management but with all the risk management in the world you can still lose money (only slowly)
Broker with Big Leverage in UK
v
Noví obchodníci
Jul 31, 2019 at 08:42
Get used to low leverage. In the US the leverage is also very low but it can work with good trade selection
Intraday Trading is gambling
v
Noví obchodníci
Jul 31, 2019 at 08:41
A pro gambler would completely disagree. A pro gambler will put just a much (if not more) research into any bet that they take. trading and gambling are very similar. Even pro traders at banks joke about that
New trader trying to put a trading plan together
v
Noví obchodníci
Jul 31, 2019 at 08:40
Obviously you have never tried to trade Forex!! 5% a week is amazing results. Most pro traders would gnaw off their left arm for that
Getting so much confused with the terms. Please, help.
v
Noví obchodníci
Jul 31, 2019 at 08:39
Babypips is a good place to start. I would not worry too much about terminology, you will pick it up as you learn and practice
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