Trading with poorly placed stop losses can also burst your account. I am very much in favour of using a stop loss, but one must know how to use it properly if they want it to be a useful tool in controlling their trades.

Trading without stop-losses

That makes sense. I admit I have never had the kind of quick reactions required for that kind of trading, so I was curious. Thank you.

which time frames to use

I can only speak for myself, but that random spike or "flash crash" that happened recently on the GBP pars made me even more cautious about trading without a stop loss.

Trading without stop-losses

That's what I am seeing as well, unfortunately.

BBC documentary about how we are wired to make errors

I'm curious, how did you go from 4hr to 1min? That requires a pretty big difference of approaches.

which time frames to use

The International Financial Services Commission (IFSC) of Belize warned in a notice that it has never licensed BinaryOptionInvestors Inc., despite the companys claims otherwise. The broker claims to hold a license for a brokerage, consultancy and ...

Black List of Brokers

There's really no other choice on the matter - one either takes their time to learn discipline, or they suffer losses. There are no shortcuts to good forex trading.

How to Become Emotionless

I agree. One should be able to understand the theory on which any strategy they use is built on. It's bad idea to use it blindly and without understanding, because if something goes sideways you should be able to adapt.

where do i begin?

That applies to me every single day I trade, not just today.

What Would You Do Differently Today for Better Trading Results?

That is a rather cynical way of putting it, but also a realistic view as well. The important part is to actually be able to pause and self-reflect on your mistakes and learn from your losses, rather than repeat that same error over and over again, ...

No One Should Ever Pay For A Beginner Course

I agree, it looks like there will finally be some retracement. I'm still too wary of opening longs on this pair though.

Cable Update (GBPUSD)

The only idea that I see here is a sideways consolidation. The pair has clearly reached a strong resistance, but on the other hand there is no signal for a reversal.

USD/JPY Discussion

The European Securities and Markets Authority (ESMA) is urging the competent authorities of EU members to tighten control over entities offering financial speculative products like spot forex and binary options, indicated a question-and-answer (Q&A) ...

Netherlands to ban advertising of binary options and some CFDs

I don't think that starting to trade with the specific goal to get rich in mind is a very good idea, as it can lead a person to taking unnecessary risks. Better to consider it an ever increasingly possibility as you learn more and gain more and more ...

where do i begin?

There is a doji candlestick on the weekly time frame above the support at 0.7560. That can be interpreted as a signal for a serious move to the upside.

AUD/USD

If a person wants to trade they should probably have several qualities such as intelligence, discipline, stubborness, willingness to learn and constantly self-analyze.

What kind of person can trade?

That really depends on where I have put my stop loss, but it has happened occasionally. I don't really expect the market to be moving in one direction only. That said, I get what you mean.

Real Fx traders do not use stoploss

What is stop hunting, actually? The spikes that occur during high-impact events?

Real Fx traders do not use stoploss

I agree. I was just telling a friend of mine who has been trading for 8+ years now and is still struggling with being consistently profitable that learning to trade Forex successfully from scratch takes longer sometimes than it takes to graduate ...

where do i begin?

It looks like even Russia will be adding some sort of binary options regulation. The Central Bank of Russia (CBR) intends to come up with a stance on the regulation of binary options trading in the country, according to an action plan of the bank ...

Germany’s BaFin mulls banning margin forex and binary options