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mlawson71 replied Mar 13, 2017I just look at my trading history for that. I assume, however, that going through such a record in an Excel chart is probably more productive. Maybe I should start doing that too.
Do you record your trades?
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mlawson71 replied Mar 11, 2017Aren’t you worried about random spikes that could occur too quickly for you to close your positions?
Trading without stop-losses
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mlawson71 replied Mar 11, 2017Well, some people do review their old trades looking for mistakes, actually. And besides, it is good to have a record of all of one’s trades – to see how profitable one was during a certain period of time at the very least.
Do you record your trades?
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mlawson71 replied Mar 10, 2017That’s the one problem when using SL – it’s hard to place it properly so that wouldn’t happen.
Trading without stop-losses
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mlawson71 replied Mar 9, 2017True. But losing control of that fear and letting it grow exponentially leads to disaster. It’s happened to me a few times, it was a very unpleasant experience.
Emotions (money management)
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mlawson71 replied Mar 9, 2017It really is. I’m not even a newbie any longer and I still have trouble differentiating between the useful and useless things, I can only imagine how hard it is for inexperienced people.
where do i begin?
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mlawson71 replied Mar 9, 2017The reason was, indeed, due to ongoing changes in management structure and processes to comply with the latest regulatory amendments on forex imposed by the FCA (as in the leverage being set for 50:1 for experienced traders and 25:1 for ...
Pepperstone Ltd temporarily suspending UK traders?
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mlawson71 replied Mar 8, 2017True. And I cannot emphasize enough how important it is to actually learn from one’s mistakes so as not to repeat them again and again, but rather avoid them in the future.
What helped you the most to be profitable?
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mlawson71 replied Mar 8, 2017I am not sure I would deem meditation important. Is it an interesting, probably effective approach to reduce stress? It most definitely is. But I am sure its not the only approach.
How to better control our emotions?
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mlawson71 replied Mar 7, 2017I don’t know about that. Some people do move on eventually, even though Forex can be quite addictive.
I plan to quit forex!
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mlawson71 replied Mar 7, 2017Being able to go back and see how you’ve traded before can actually be quite useful. It can help you analyze previous errors, which in turn can help you avoid doing the same errors in the future. What is more, you can also see what you did right.
Do you record your trades?
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mlawson71 replied Mar 6, 2017The Central Bank of Ireland has given brokers a second option – to introduce enhanced investor protection measures, namely: -Introducing a maximum leverage limit of 25:1; -brokerages are required to provide negative balance protection to all retail ...
Ireland looking to ban leveraged Forex and CFD trading
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mlawson71 replied Mar 6, 2017It has been just a little over one year since the original post was made. I’m curious, did you quit Forex? If yes, I hope you have found some other fulfilling occupation to make you happy. If not, how are you doing? I hope your fortunes have ...
I plan to quit forex!
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mlawson71 replied Mar 6, 2017Doesn’t the platform you use record them automatically? Usually all one has to do is pull up that record, no need to do it manually for every single trade.
Do you record your trades?
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mlawson71 replied Mar 4, 2017I agree. The best way – maybe the only way – to get good at trading is hard work over a significant period of time. It’s not a skill that can be picked up overnight and people should be aware of that when they start.
What helped you the most to be profitable?
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mlawson71 replied Mar 4, 2017That must have been a pretty painful loss, I can only imagine. If meditation is helping you to avoid that happening again that’s great. I will look into the advice you’ve given me, thank you!
How to better control our emotions?
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mlawson71 replied Mar 3, 2017I have seen people mentioning meditation before. Does it help you? Have you noticed a marked improvement ever since you started?
How to better control our emotions?
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mlawson71 replied Mar 2, 2017I mostly use H4 and D1. However, I am more than willing to use all other time frames if I see a good signal on them, even the montly one
Candlestick - what time frame do you use?