Wall street traders, floor traders, proprietary traders, fund managers are respectable trading careers. Why should people who trade professionally for themselves be any less respectable in any way?

Is Trading FX A Noble Profession?

Scalper's day.

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Neutral — I actually personally don't side with either side of the question. What I am against - Big Losses I will never allow my trade to run into huge losses because I always have a protective stop loss. In my actual trading, once I have ...

Take a loss in a losing position or wait for it to turn around?

If you enjoy trading and you are trading profitably, I don't think you should care about what people says.

Is Trading FX A Noble Profession?

It depends whether you are day trading or swing trading. Since you are good with holding position, I would suggest looking for systems or setups that are favorable for position holding. I know of a trader who never key in limit order for profit ...

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@ All Thanks guys for the insight on the pattern!

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I have a technical question: If the right shoulder is higher than the left shoulder, does it still qualify as a head and shoulder pattern?

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I shorted at 1.3191. gl to us both.

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1.3197 is a key level in the 4 hour chart. I am prepared to short in the 1.3190s area.

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What is so funny about the shapes?

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Why not? If you made a profit of 1000% in the first day, why is it not possible to do the same on the next day with the increased account size?

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You will have 100 million in your account at the end of the week?

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Have you ever gotten into scenarios of huge running losses that never turns around in your favor?

The reason why 95% of new traders consistantly lose money

From my personal observation, trading with small size (percentage) gives less burden in terms of psychology and allows an account to survive longer in the case of bad days. That is the benefit I have noticed. However I would reason that if you use ...

How much do you risk in a trade?

It 'can' work if you have a LOT of money. You need a HUGE sum of money to cover the losses incurred from the possibility of losing streak of trades. Do the calculation first. For a conservative defensive measure, calculate if your account is enough ...

Does the martingale system really work?

There is no optimal sl level. Cutting loss efficiently is a skill. I mentioned I have a typical max of 15 pips loss, but it doesn't mean I use 15 pips sl in the actual trade. If you don't have a good system, and you can't trade with healthy ...

i want only 1 pip everyday