Because of greed and impatience. I once fell victim to this mentality as well. Everyone wants to get rich quick and have instant gratification. Swing trading takes more time planning. It's not an impulsive method of trading. Also, people realize ...

Day trading Vs Longer term holding FX

Lol, that's hilarious, but true.

Is anyone using Custodian service to protect your account?

Wow thanks so much guys! I am overwhelmed by the responses! This is exactly what I was looking for! That is so awesome! You guys rock! I've tried Symphoenix's version so far and it works really great! I can't wait to try some of the others that ...

Automated Trade Execution Screenshot script MT4

Nothing wrong with wanting to try it out, but I would absolutely recommend that you are able to be profitable on higher time frames first. IMO, if you can't trade higher time frames, you certainly won't likely have success day trading.

Day trading Vs Longer term holding FX

I think the best solution is just to find a broker with a high amount of leverage, keep only what you need to trade with in your account, regularly withdraw profits and keep the rest of your trading funds in an FDIC insured bank account. Problem ...

Is anyone using Custodian service to protect your account?

Here's my post for today...

How to read a chart - Putting SR / SD in perspective

Day trading is far more difficult and stressful, though potentially more profitable because of the more frequent asset turnover. I have done both day trading and swing trading in both equities and FX. I am a profitable swing trader, but have not yet ...

Day trading Vs Longer term holding FX

All I use is support and resistance. If anyone is interested in how I trade you can follow some of the trades I post on tradingview. Will try to post more this week. I have another business that I run besides just trading so I get busy sometimes.

How to read a chart - Putting SR / SD in perspective

Still disagree. Forex, unlike other liquid markets allows you to trade in unit sizes so small that even with wide stops you can most likely find a position size that will accommodate even the smallest account. People just trade with too much size ...

How much money do you need to safely trade forex

Let me add this to the discussion. A lot of newbies start with account sizes that are too small anyway. You can't open a $100 account and expect that you will make great trading decisions 9/10 unless you are extremely disciplined. Most newbies open ...

How much money do you need to safely trade forex

Honestly, IMO trying to force a certain weekly return upon the market is not a great idea. Again, just my opinion and experience.

How much money do you need to safely trade forex

Don't become overly obsessed with the market. It only leads to overthinking it and jumping form strategy to strategy. Find other hobbies and things you enjoy and trading becomes less stressful.

What did you wish you'd known about trading Forex?

Yes I understand what you are saying because I trade in a similar manner, but it is still a system, albeit a discretionary one. You still have some kind of rule or trigger that causes you to act. In this case, price action. It doesn't have to be ...

Trading System versus Trading Strategy: Gaining a Profitable Edge

That is still an edge and a strategy. Let's not make this too hard folks. Too many traders overthink the market. People make it harder than it has to be by getting too caught up in theories.

Trading System versus Trading Strategy: Gaining a Profitable Edge

I think the concept of this thread was a good idea, but there is an overwhelming amount of videos and information on here now. That is part of the reason many traders fail. Information overload.

YouTube trading videos

I think you are making it more difficult than it needs to be by overthinking the whole process. For example, who cares why the OHLC was invented and how it was used years ago? All you need to know is how it works and how to use it today. Do you need ...

The grail is corroding

Thanks a lot! I was worried no one would ever reply! I can't wait to try it out. I'll let you know.

MT4 Script that allows charts to be linked together?

To kind of piggy back on your point here, yes the cash flows can be very uneven depending on the strategy. Which means you better have good liquidity to cover bills in the mean time if you are going to do it full time.

How much money do you need to safely trade forex

I'll throw in my 2 cents. I trade for about 6 hours a day or 24 hours a week. Out of those 6 hours, I don't really spend that much time in front of the screen. I just shut down the platform and no longer trade at all after the six hours are up. ...

How much time you spend of trading?