There is a method you can consider trying. For example, 10 mini lots (1 contract) in a long position 1. Take some profit at the first profit target (minor resistance level). Maybe close 2 mini lots for profit. 2. Wait to see if the price reverses ...

How much drawdown can you tolerate?

Scaling out is a good way to protect profits, but on the other hand it reduces the potential profits you can get, compared to choosing to let the entire position run to its optimal profit target levels. That is a common dilemma in trading. There is ...

How much drawdown can you tolerate?

What??? Trading newbies? You brought up something that is totally irrelevant to the topic. The OP and 90%++ of the traders in this forum are smart enough to discern newbies from serious traders who put in years of hard work in trading. You don't ...

(binned per thread starter's request) Sign of a profitable tradin

How about switching your focus to their ideas rather than on their trading skills? You will reap more benefit this way. A trader who is trying hard but not yet profitable, may still have good things to offer to learning traders due to his or her ...

(binned per thread starter's request) Sign of a profitable tradin

Can you provide your sources for the interviews - which books, sites, videos? Including the names of the traders interviewed. Yes, I don't quite believe a seasoned consistently profitable trader could get negatively emotional (even if it's a little) ...

Is Forex stressful?

You are half right. But your perspective is negatively unhelpful. 'The market is evil and full of manipulation!' 'This world is unfair' 'My boss pushes me around' To put it as a simple fact. Our whole world is filled with manipulation, from ...

Forex = legal scam

1. Your system's profitability If your system has been tested to be profitable, you should not be worried about clicking the close trade for loss button. Just follow your system and rules. 2. Entries If you keep getting into bad trades, consider ...

does anyone else not close losing trades?

Trading is stressful for a losing trader. 'I love the excitement of scalping/daytrading! I have positions on every time I am trading. Hope this trade work out for me cuz' all my previous 20 trades are losers. Down 20% this month. I must get back all ...

Is Forex stressful?

Use the criteria how professional trading companies are measured for profitability rate. = Annual return = Losing trades, losing days, losing weeks, losing months are alright. Bad run do happen occasionally. If you get net profit at the end of a ...

(binned per thread starter's request) Sign of a profitable tradin

I haven't tried any copying trading platform. But lazy trading and guarantee profit??? Sounds too good to be true. I sense scam coming out of these copying trading offers. One thing I know of is the brokers charge considerably higher spread ...

Is there enough money to be made for every retail trader?

That's silly. Of course, (90%++) retail traders are set up for incurring consistent losses to feed the real professional traders.

Is there enough money to be made for every retail trader?

Nothing wrong with trying to catch the beginning of a trend. This mindset is ok. It's whether these levels work. From my personal experience, these S/D levels do not work if you trade at time frames 1H or lower, i.e for day trading.

Sam Seiden's supply and demand - Does it work?

Too many retail traders know (and some use) this method. So you should know what is the chance of it working.

Sam Seiden's supply and demand - Does it work?

From personal trading experience. Prices tend to slice through these so called supply/demand levels 9 out of 10 times (or probably worse). Getting stopped out is almost guaranteed because OTA recommends tight stop loss orders. You will not be able ...

Sam Seiden Supply & Demand no more value than technical analysis?

Why do I trade? I prefer to spend my life making a living out of doing something I do not dislike. If I could make a career out of any of the few hobbies I have, I would gladly do so. However the entry requisites to those areas in the professional ...

Is Forex trading worth it? If so, why?

Only if you are consistently profitable.

Can you trade forex to earn money to buy an apartment?

Lol, closed USD/CAD trade at 1.3080 (took profit) before 5 min before the price collapsed (non farm payroll news). My position was in the right direction.

Game of Pips

Currency: EUR/USD Fresh level: 1.1250s Short: 1.1256 - 1.1259

Game of Pips

Currency Pair: AUD/USD False break Long: 0.7014 - 0.7017

Game of Pips

Cancel the AUD/USD Long. Not safe.

Game of Pips