I don't use indicators, just candle analysis. I find indicators more helpful with ascertaining overall trend.

What Is Best Indicator For Getting OUT of Trade?

The Malta Financial Services Authority (MFSA) issued a warning notice against unauthorized binary options platform provider Gemini2. Moreover, the platform seems to be a scam - they actually claim it's a no-loss trading software. The MFSA noted it ...

Show me a scam broker

I agree completely. Demo did help me immensely - it still helps me when I want to test strategies and new ideas - but I didn't truly begin learning until I got on the live account. Personally, I would recommend opening a cent account at first, ...

How to better control our emotions?

I am not so sure that demo account trading helps much with learning how deal with emotions related to trading. It can help you expand your knowledge and experience, which in turn can provide you with some confidence, but the true emotional trading ...

How to better control our emotions?

Another thing that matters is how large one's trading account is - sometimes it is easier to trade with a larger account, because it gives you more emotional security. Also, of course, what matters the most is knowledgeable and experienced a trader ...

Realistic Monthly Trading Profit?

I do believe in luck - in trading and in verything else, but I do not think that is something one should rely on. If it happens, it happens. Meanwhile I'd father focus on things I can control.

Trading Rituals and Superstitions

Pure price action is definitely something I am looking into. In the meantime I do use indicators. I find that if you stick to one or two at most at the same time the information overload and the conflicting information aren't that bad.

how long does it takes to become a successful trader?

The International Financial Services Commission (IFSC) of Belize said that the entity XMAXBIT is falsely and fraudulently claiming to be an International Business Company (IBC) registered in Belize. The company, which among other services offers ...

Show me a scam broker

True, one should always stick to their trading plan. However, one should also work on having the best possible trading plan they can come up with, because no amount of discipline can make up for a bad one.

What helped you the most to be profitable?

What do you think is the key then? I, personally, don't mind indicators, but I also think one can't rely entirely on them.

how long does it takes to become a successful trader?

Another thing that helped me was gaining confidence in my own abilities. I still make mistakes, of course, but even so I think it is important to stick to one's decisions and not be too prone to outside influence.

What helped you the most to be profitable?

I am trying very hard to be trader type 1, but I don't always succeed. I can't say that I have found any kind of Holy Grail though.

Your own HOLY Grail (and how you know you've found it)

That's a good point that should definitely be mentioned - the money one wastes on usually unhelpful trading courses can be invested in trading while seeking bigger profits.

No One Should Ever Pay For A Beginner Course

Even a small trade size can hurt if there is an unexpected high impact news event that causes a big spike. A stop loss can protect you from that, if it's well placed.

Trading without stop-losses

Do you apply this to all instruments you trade on, or only on select ones?

which time frames to use

They're not regulated indeed, as far as I know. The Bank of Russia (which is the official Russian regulator) denied them a license recently, and I haven't heard about them being licensed even somewhere in an offshore zone.

InstaForex... what regulation do they have?

I agree. It often takes years for a trader to just find their footing, let alone actually start making money. The more I think about it, the more I realize that learning to trade is a lot like getting another university degree, in terms of effort ...

how long does it takes to become a successful trader?

I generally agree, but it still depends on the trader. Some people just don't do well when they try such fast-paced trading and their learning process isn't as quick.

how long does it takes to become a successful trader?

I agree. I generally prefer M15 to M5 though. Also I use M30 sometimes, but it's not as reliable as M15.

which time frames to use

What smaller time frames do you find to be the most reliable ones?

which time frames to use