I know I’d be doing damage to my health out of sheer stress too, if I were trading like that on a regular basis.

How Much Do You Risk Per Trade?

Yes, one can make a living off forex, but it takes years of study, practice, stress, patience, effort, probably sweat and quite a few tears. Or at least it did for me and I am still learning.

Here's the answer to "Can I make a living from forex"

I don’t think that the brokers which give out bonuses are necessarily all bad, but I do think it is a form of unethical advertising. There’s a reason why both the FCA and CySEC recently banned this practice, apart from their larger rule change about ...

Do You Think Only Bad Brokers Give Out Bonuses?

Sometimes it does feel that way, especially after I’ve incurred several losses one after the other.

Show us your workstation!

If one trades on the smaller time frames they can also do a lot more trades within a given period, so they can, in theory at least, compensate for the occasional randomness.

which time frames to use

How do you deal with the losses if you make a mistake?

How Much Do You Risk Per Trade?

I get cross-eyed trying to follow the 1-minute chart. I like short-term positions, but not that short. I admire anyone who can trade the way you do.

which time frames to use

Ha, that’s a good point. Trading impulsively even though you know it’s a bad idea never leads to anything good.

Why 95% Of All Traders Fail

No, asking for confidential information like that over the phone is definitely not normal. Depending on where you are it might not be legal either. You should also keep in mind that 24Options was banned from operating in France by the French ...

Is it normal for a broker to ask for a credit card on the phone?

I agree. I too prefer more cautious trading – yes, if you risk more money you will have a bigger profit, if your analysis is correct, but that is a very big if.

How Much Do You Risk Per Trade?

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What kind of music you hear while you trade?

The problem is that if you don’t know how to place a stop loss properly you’re doing something similar anyway.

Trading without stop-losses

A good trader needs to be patient, but also quick-thinking and adaptable. It’s a difficult balance to achieve.

100 golden trading tip's

Hopefully this year you and I both will find the focus we need to trade well consistently.

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

Unfortunately, in the not so distant future we might all have to grind our teeth and move onto Metatrader 5, because between the decision not to develop Metatrader 4 anymore and to hike its fees for brokers Metaquotes are more or less successful in ...

MetaQuotes "This is the last MT4 upgrade"

Not necessarily. One can be a good trader and use only the short time frames for scalping and other short-term trading.

which time frames to use

I think the 4-hour time frame is good for most people, both intraday and long-term traders.

which time frames to use

I don’t think I’d ever have the courage to risk as much as 10% of my account.

5% risk per trade?

When that happens usually the first thing I do is groan and cringe. And then I close my position manually.

Take profit missed by a pip, What would you do?

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What kind of music you hear while you trade?