I am with the same trading strategy and plan! I seem, PA trading is much workable than indicator based trading! BY the way, there is nothing like 100% in Forex business.
Trading is all about probability, there is no certainty or guarantee! That’s the reality of Forex! By the way, thank you very much for your contribution here
My advice is: don’t be a rush! I have noticed; all of the new Forex traders are too much hurry! They want to make the huge amount of money before learning, they concentrate on earning rather than learning, that’s not right.
Yes, pin bar is very popular pattern, if we use all of pin bars without considering market context then it would be painful! I use pin bar and others popular when it is standby support or resistance level, if the middle position I don’t count any pattern.
Both are good informative sites! By the way, for making a decent trading result you have to make profitable trading strategy first! Depending on others is not a proper solution.
No, you can’t learn by the demo contest! It’s a different environment! I seem, there have so many differences between demo and demo contest! New traders should concentrate on only demo practice rather than any contest!
No doubt, plan and practice are very important parameter here! But, 1st of all, knowledge is the key point here! Without having enough knowledge, you won’t be able to make a suitable trading plan to you!
That’s the standard way of picking trading leverage facility! But, I see many new Forex traders select their leverage feature without any planning, their main intention is only money making! By the way, depending on high leverage facility is too much dangerous.
I agree with all of your points! Basically, it’s a knowledge based profession and without trading knowledge success is really impossible! So, traders have to invest their time here before investing their money.
I do agree with your opinion! Yes, knowledge is the main weapon here! All of the successful Forex traders are the well-skilled trader! They made their good trading skill based on the technical and fundamental info! There is no shortcut way of success.
Well, I’m on the way; till now I m learning and updating myself! I seem I need 1-2 years more to be a complete pro trader! But now I don’t face any unbearable SL in my trading and I have a decent monthly return.
Because, more than 80% traders leave this profession within the 1st 2 years! Yes, you are right, it looks easy but here only 10% Forex traders are able to make regular money! I have 5 years trading experience but I am making money since the 2016 (specifically from April of that year).
Well, nice to know your strategy! But in my live trading, I use stop loss trading tool directly according to my trading plan and system! I see, stop loss is much better option than trailing stop or hedging.
Hello, what’s the problem with your own trading system? Listen, depending on others trading strategy and system is not any good solution! You have to learn manually technical and fundamental analysis if you wanna make money here regularly.
That’s a great thread, very much informative! Yes in my live trading I avoid reversal trade setups, I do follow only trendy market setup! That’s way, now I have more than 70% accuracy in my trading! About your 2nd point, I never follow my instant emotions here. I do follow my trading plan!
Yes I am very positive on my losses! In the weekend I do analysis on my losing trades thus I can learn Forex from my live trading mistakes, I always try to find out the reason of my losses!
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