Slapping every indicator I could think of on the chart and thinking that would be helpful because they’d give me a better signal confirmation. Now I barely use indicators.

Your trading evolution

True. If one has learned how to be a calm and collected person when they don’t trade they can apply the same emotional lessons to their trading.

How to better control our emotions?

So is Tokyo, if one is awake during those hours.

Forex trading - best time

True. If you don’t have a trading plan and you’re not following that plan closely you might as well not trade at all.

Is anyone here earning a living, just with forex trading?

EUR/JPY can also be a pretty decent pair to trade, I’ve been trading it from time to time.

Which currency to trade during London trading hours

Take binary options brokers, for example. The scams and theft among them has been so wide-spread and egregious, that recently regulators started cracking down on them. Israel went even farther and they banned them altogether. They’ve been holding ...

Why do people say brokers steal from traders no matter what?

I think that one can be disciplined even if they’re only looking for 10 pips a day. The number of pips doesn’t really matter much, as long as one sticks to their trading plan. And a good trading plan should account for losses.

10 pips a day can make you rich quickly

If one ends up with one third of their capital they might as well stop trading on that account.

5% risk per trade?

I think that really depends on one’s time zone and their sleeping and waking hours. There’s no one size fits all answer to that question. Regarding my personal preference, I like the London session the best.

Forex trading - best time

Personally, I think that a little dose of fear while trading is not a bad thing. As long as it just makes you wary, rather than anxious, it can actually be helpful.

Emotions (money management)

Personally, I recommend investing some time in learning how to use a stop loss. Even if you don’t need it now it may be necessary at some point.

Real Fx traders do not use stoploss

That goes with the caveat that one is actually consistently profitable, however much you risk you’ll end up losing it.

How Much Do You Risk Per Trade?

Admiral Markets have announced that they are amending the margin requirements on the instruments they offer on some of the live trading accounts. According to the broker, the changes will apply to all positions opened on Admiral.Markets and ...

Admiral Markets discussion

Good point. I, personally, can never focus on more than two or three currency pairs at a time.

Which currency to trade during London trading hours

Hahaha, that’s brilliant. And also true.

2017 Post of the Year

People fail because they lack knowledge, or discipline, or patience, or they’re trading in conditions that are unfavourable to trading, because they can’t focus, and so on and so forth. There is no singular reason for failure, I think.

Most traders fail because of no discipline!

It’s generally not advisable to risk more than 2% regardless of the size of the account.

How Much Do You Risk Per Trade?

Why not? Trends are usually pretty obvious. Their reversal is a little harder to predict, but not impossible.

What helped you the most to be profitable?

Great response! Newbie traders need to understand that Forex trading requires a lot of hard work in order to be profitable. It’s not a get rich quick scheme, and if someone’s trying to present it to them like this they’re probably trying to scam ...

What helped you the most to be profitable?

TheCityUK, a membership body of the UK financial markets, issued a list of 17 key priorities that UK-based financial market participants need to address in relation to the forthcoming Brexit negotiations. The list aims to put an emphasis on topics ...

BREXIT RULES! The Consequences