When you get a series of losses or wins this may support or discourage your belief in your trading system. However you can't be sure that trading returns validate or disprove your trading edge because if your strategy have 40% or 70% true win rate, ...

Motivation in trading...

Are they used to calculate support or resistance for breakouts or reversal points?

Gann support resistance calculation from weekly close?

The problem with correlations of time series that they have dynamic nature, measurements in different times and using different periods can easily provide conflicting values.

Correlation checklist

I dont' think FX correlations are stable (otherwise you could run start arb strategy) and depend on the period of observations and length of the sample. So it is basically gives only rough notion how currency pairs depend on each other.

Correlation checklist

Yeah that's why I try to make long-term trades based on fundamental analysis because despite noise price is eventually driven by evolution of its long-term factors which you can identify and take advantage of.

why forex is so risky?

Hotforex, Coinexx, FxPig, etc.. Did you try them?

Which MT4 broker has good data/live prices for cryptos?

You could try their offshore branch, at least this is how my broker (Hotforex) offers high leverage to UK and EU clients.

High leverage / low spread brokers?

Yeah a good rule of thumb is to invest what you can afford to lose, if you don't feel emotional pressure from potential loss you won't commit common mistakes like taking profit too early or trying to sit out the loss.

What have you learned?

It's still a price averaging but let's see how it goes, some market patterns do need to be handled with pyramid trades like pullbacks in a trend.

Pyramiding or stacking your trades

The problem is that guys who share they crap system do believe that they found something based on their temporary winning streak or 2-month history of gains. Easy to mix luck with edge and report that you discovered something working. I don't think ...

To those that "share" trading systems

What would you consider an acceptable loss for this staked position? In other words, what's your definition of being wrong on these staked trades? If your goal is to close the very first trade with a profit, adding a second trade won't necessarily ...

Pyramiding or stacking your trades

The spreads are a reflection of both the asset's liquidity and its volatility. Dealers use spreads as compensation for providing liquidity, and at times, they might widen the spread to ensure they are adequately rewarded for the risk of being on the ...

Gold Trading Issue

Binary options adds additional layer of complexity to trading analysis - besides direction you have to guess time as well (will the price stay above or below the current for some particular time). I don't think payout % compensate enough for this ...

Why Binary Forex Options are better than Spot Forex

Didn't notice any impact in 2023, last yeart there was some pressure on Euro and Pound but this year clouds have lifted for European assets.

HotForex Discussion

Protecting capital becomes a pressing matter when you use high leverage, burned many accounts before I realized that leverages carries more drawbacks than advantages

Why do Newbies Lose?

When you do hedging with the same asset you just lock the difference between entry price of your original trade and entry price of the hedge trade. Basically it is same as closing position with loss because CFD contract is cash settled and later ...

Have a quick question about Fundamental Analysis and Grid Trading

Maybe because trading is extremely hard business with low survival rate? Also it's quite naive to expect that something really useful can be shared in the internet. It's same to demand firm to reveal their know-hows to the public just because it's ...

To those that "share" trading systems

Also timing is important. Being out of the position is the trade as well it just features zero return, but zero risk as well.

What have you learned?

If you use high leverage stop loss is a must however the rule of thumb is that it has to reflect % of capital you can afford to risk per trade. If you set 1% then using pip value of your trade your can calculate to size of stop loss. Or using the ...

Do you use stoploss?

You can withdraw the rest but only to differnent payment system like Skrill or Neteller at least this what Hotforex allows me to do on fresh accounts.

Broker that allows instant withdrawal of profits?