If you want to be a professional trader, you have to act like one url

Most traders fail because of no discipline!

They don't care how much accounts you have, they care about their exposure. If they don't hedge your relatively big positions they are highly exposed (they should hedge, but sometimes they obviously don't). If something like CHF, GBP event happens ...

Is 3%-5% gain good for a track record of 2yrs?

Chance of hitting 10 uninterrupted back to back losses in a row over 100 taken trades for my system is not marginal 15.7%, so I have to adjust size of my positions accordingly. When trading clients money I risk only max 0,5 % capital per position, ...

Is 3%-5% gain good for a track record of 2yrs?

My aggressive MM trading account is showing that 5 % monthly can be done easily. But I wouldn't trade this way with investor's money involved. 13,9 % drawdown is too high for most people to handle. I try to be conservative and stay under 5 % ...

Is 3%-5% gain good for a track record of 2yrs?

Monthly gain of 3-5% is very good! We are talking in rang of the best forex traders. But realistic goal with small account if you know how to trade. Things get complicated when you hit 200K mark. Your leverage gets reduced. No bucket shop is willing ...

Is 3%-5% gain good for a track record of 2yrs?

Thanks, I would be very grateful

Effective Trailing Stop Method?

You don't need big account to trade forex. 70K should be enough if you know how to trade. 20K for living, 50K for trading to build yourself bigger equity over time. When you get over 200K account your progress will slowdown, because it becomes more ...

I plan to quit forex!

I'm not a coder, but maybe you could use Asymmetric Fractals indicator to identify higher lows/lower highs (I find 5 FramesBefore/candlesticks 9 FramesAfter setting to work best) and automate your trailing stop according to it. You can use it on 1m ...

Effective Trailing Stop Method?

I basically use manual trailing stops following higher lows/lower highs and support/resistance areas as possible partial targets as described in article bellow. I'm a swing trader so it works very well for my trading style. I lose more often then ...

Effective Trailing Stop Method?

My advice... Take a deep breath and for god sake don't short it! Wait for a doji, shooting star or dark cloud cover at least (on 1H or even better 4H chart), before even thinking of shorting it. Yes, it can turn at 1.0680, but it may also reach ...

EURUSD

I agree 100 %. If you see such a strong move, it is best to wait for a pullback to previous resistance turning support and then ride next wave if you are a trend trader, or at least wait for same divergence between PA and RSI (MACD etc.) at ...

EURUSD

Bloomberg: ECB Said to Have Discussed Whether Rates Can Rise Before QE Ends ...Adding fuel to the fire

EURUSD

You should be bored not sweaty when trading If you trade 0,5 - 1 % per position, you have no reason to sweat, when price hits your SL.

EURUSD

Then don't. It's a fair chance we will see price rise to 1.0800 area as it looks like we have confirmed price bottom, arguably Kilroy pattern (inverted H&S), BUT we might still stay in 1.0500 - 1.0650 range ahead of rate hike. I wouldn't go long ...

EURUSD

I'm just saying this was logical reaction of the market to AHE and NFP results, not some manipulation by investment banks and hedge funds to fill their orders with retail traders stops.

EURUSD

It has nothing to do with big boys. NFP results are solid not exceptional. Average Hourly Earnings have risen less than predicted, so inflation expectations are at bay. Given that markets have already 100 % incalculated march FED rate hike in price ...

EURUSD

Technical analysis = crowd psychology translated into price patterns. Humans tend to react similar in similar situations over and over again. If you learn how to exploit these human reactions, you have a long term edge over the crowd.

There is no such thing as technical analysis