Often market moves very fast in opposite direction of your order, mainly because of any major news by which you are not aware off. In such cases stop loss helps in protection your loss to a certain level but only if you have set one in your trade.

Do you use stoploss?

My trading results and account preservation has changed dramatically from the day I've started using a stop loss. It saves my account from blowing up as I had some small accounts. By using stop loss, you only lose a part of your trading equity, with ...

Do you use stoploss?

Moving my analysis and trade setups to higher time frames has helped me a lot in improving my trade results. When I started trading on daily time frame it has changed my trading results to a great extent. But still I need consistency in doing that.

What helped you the most to be profitable?

It is very much possible to get a +10 net pips are your profit/loss on your daily trades. But you need to be patient and consistent in your target. Don't trade more if you have already achieved 10 pips target a day. Only this approach can take you ...

10 pips a day can make you rich quickly

Currently Mayzus broker is offering 100% deposit bonus for limited time. Its named Ramzan 100% bonus with respect to holy month of Ramzan.

Looking for a Bonus Deposit Broker

I am a profitable trader (not a very big one) and I'm compounding my trading account in Mayzus investment company. I like this broker, I'm with this from from some years. Although previous years has gone by as my training mode but I never had any ...

Profitable traders only: who do you trade with?

I'm also curious by seeing your joining date which is way back 2009 and still you are asking for a broker. Any way I'm trading with Mayzus broker and I'm very satisfied with them, never had any issue in withdrawal and they make withdrawal on same ...

Looking for a Broker to start trading Fx

When you start trusting your strategy and have good control on your emotions, then you should go live. Start with low capital because even if you get margin call, you won't feel too much down and out.

When to go live

As I am a follower of Nial Fuller's method so the best place I recommend for anyone will be his website. I'm not a member of his forum but still I've learned a lot abut price action that has helped me in making good trading decision.

How to start learning Technical Analysis

Wow, you just stole my words. But I trade on JPY crosses, I love them.

what pairs to trade?

Trading less and trading only when I see a good setup according to my strategy has helped me a lot in making profit from forex. This has also reduced my unnecessary loss.

What helped you the most to be profitable?

Trading is hard, there is no doubt in this. But you can train yourself to trade good and make consistent money from forex market. Just like a doctor studies for at least 5 years to become a good doctor a trader needs to learn and practice properly ...

Is trading really that hard?

No loss strategy is possible, where you make overall more profit than your losses. But saying that you have a system that doesn't have any losing trades is a ridiculous thing to say.

No Loss Strategy?

I use both, first thing is to lock your trade when it is in reasonable profit. Don't let market take back a winning trade from you. Another good thing is to close some position of your trade, this will guarantee some profit in your account even if ...

Trailing Stop or Take Profit?

I won't quit my job even if I'm earning good amount from forex trading. As forex can be done best as part time so I'll keep it this way.

I have a profitable trading strategy. Should I quit my job?

As I main trade on daily time frame so in my main account, I only trade once a day only if I see a setup that is according to my strategy. But I have another little account where I play forex trading, normally to fulfill my trading thirst

How often do u trade?

You just said exactly my words. But I usually say 4 years at least to become a good trader and then after 6 years you can depend entirely on forex trading if you are honest in your learning.

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