Exactly, I also calculate stop loss and take profit based on the S/R levels and only then choose lot size using pip value which reflect the amount I can afford to lose.

The best idea for stoploss?

yeah a system generates stable profit (if an edge doesn't depend on market regime or some changing parameters) until someone else discovers its. At least this is how efficient market mechanism works in practice, I mean what drives abnormal returns ...

100% winning system exist?

You can definitely do that but only for the past. Unfortunately most of the time market seems to have no memory (though not of the time), this creates situation where your patterns sometimes work and invalid other time. More research should be done ...

Best way to determine range/trend?

Moving average is the most obvious choice for such indicator. It lags but there are no indicators which can indicate a trend without a lag because they are basically a function of a price, which means they use past values for output

Best way to determine range/trend?

Read discussions in broker section and choose a couple for a test which have many positive feedback and low count of unresolved issues. Hope that helps

a rookie trader

Yeah such systems exist (winrate close to 100%) like arbitrage but unfortunately such opportunities don't last long, either profit margins get slim due to competition or you get banned due to abusing your broker trading conditions.

100% winning system exist?

Can you explain what are inverted markets? I hear these words for the first time lol

Why do people promote dead knowledge and call it trading

I my view cent accounts doesn't make sense. You risk pennies and you certainly can't achieve feelings of loss that will train your trading mindset

Is demo a step before real trading?

I guess lots of arbitrage opportunities existing in that time lol

cable short for gbpusd?

Trading momentum requires algo software it happens fast so you need speed to make trading decisions fast

Make 20-30% per day, MC within 1-2 weeks

Some reasonable sense of greed should accompany your trading journey because without that you will be unwilling to take risk. Of course it should be compensated with by prudent risk management, i.e. you should always place stop loss on your trades ...

Good places to start for trading knowledge

Do you need data for particular indicator? Did you check something like tradingeconomics? They gather historical macro data and also have API to request what you need.

For Beginners

Great suggestion, basically those three are the best indicators to combine in my view

Help regarding MACD, Stochastic, RSI & Divergence

It's hard to tell having an edge from trading with false signals that do not work. But sample of trades from the trading system can definitely give more insights, so I guess no other way except trial and error process

Something to ponder about 1 shot trade

Yeah this approach is old but gold, discussed many times on forums but despite its simplicity it's more like an art that's why hard to master. Still the rules and theory is dead simple which makes it so popular

Accumulation, manipulation, distribution

The biggest problem with trading markets is that it’s really tough to tell a working strategy from a failing one. Even trading randomly, many traders can run into streaks of wins or losses and will naturally try to draw conclusions about their ...

Why do people promote dead knowledge and call it trading

Most brokers prohibit U.S. residents from trading due to regulatory specifics, tax deferral, and other nuances that make compliance with American laws very challenging. It’s simpler and cheaper to forgo clients from the U.S. Thus, one workaround ...

Good Forex broker for USA?

I’ve also noticed that when you follow certain fundamental events for a long time and relate them to price movements, a reliable context emerges for interpreting the current market state. It becomes easier to recognize when the market is overbought ...

You Already Know How to Trade! (Supermarket Deals)

Have you checked Tickmill or HFM. They are pretty reliable both have FCA license and spreads are pretty tight often 0 or 0.1 pip on pairs such as EURUSD or GBPUSD. Both support Skrill, but well which brokers don't support skrill nowadays

Looking for broker

Wyckoff cycles are pretty powerful toolsto identify zones of accumulation and distribution and trend, but they are useless on timeframes lower than 1H. The best application in my view is on daily and weekly timeframes

Accumulation, manipulation, distribution