lesson

Unique4xPro Unique4xPro EURUSD, 60, 3 months ago
EURUSD: Why 90% of Retail Traders Fail - "Fear of Missing Out!"
769 11 34
EURUSD, 60
Why 90% of Retail Traders Fail - "Fear of Missing Out!"

There are so many reasons why 90% of retail traders fail. One of the main reasons is because retail traders over trade. They fear missing an opportunity and because of this they think there is always an opportunity when in reality there isn't. As traders, it is our job to find high probable setups. Probable setups are limited though... so you need to have patience ...

DzhuneytYusein DzhuneytYusein AUDJPY, D, 3 months ago
AUDJPY: Understanding Structure, Support and Resistance
63 0 10
AUDJPY, D
Understanding Structure, Support and Resistance

As shown on the graph, structure analysis could be very useful. Resistance line: Use maximums and connect them to draw a resistance line which means that whenever price comes to this line it cannot break it, ther is a strong resistance, forming a trend. Once broken, though, it is a good opportunity to BUY and profit from price increase. Support line: Similar ...

SteveNixon SteveNixon PRO AUDCAD, 15, Long , 4 months ago
AUDCAD: Text Book 2618 - Lesson
49 0 7
AUDCAD, 15 Long
Text Book 2618 - Lesson

This is not a trading Idea as the reasons for entry have already been and gone. Text Book 2618 bullish trade 1. Double Bottom against major structure support/resistance 2. RSI Divergence 3. Higher High established 4. Retracement to the 61.8 Fibonacci level How to trade 1. Stop loss below double bottom (according to your rules) must have 1:1 Risk to reward ...

Unique4xPro Unique4xPro EURUSD, D, 9 months ago
EURUSD: Why Most Forex Traders Fail... LEVERAGE
1830 32 48
EURUSD, D
Why Most Forex Traders Fail... LEVERAGE

Way too many traders trade with very little capital and they do this because their brokers allow them to by offering them insane amounts of leverage. We really don't understand it because you would think that these brokers would want their clients to succeed in order to continue placing trades which yields the broker revenue from commissions and spreads. It is ...

Unique4xPro Unique4xPro GBPUSD, D, 9 months ago
GBPUSD: How to Infer Currency Strength Without ANY Indicators
633 5 24
GBPUSD, D
How to Infer Currency Strength Without ANY Indicators

Today I received a question regarding what indicators or websites to use to infer and compare the strength between related currencies. I responded with a long winded explanation as to why it is not necessary to use indicators or websites to infer such information because it can be realized solely through price action. If we look at the daily range today on GBPUSD, ...

AbdullahAljohani AbdullahAljohani PRO GBPNZD, 60, 11 months ago
GBPNZD: ELLIOTT WAVE PRINCIPLE: IMPULSE RULES
57 0 5
GBPNZD, 60
ELLIOTT WAVE PRINCIPLE: IMPULSE RULES

These rules can not be change or fixed at any circumstances.

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