✅Entering the forex market can be an exciting and potentially profitable endeavor. However, it requires careful planning and diligent decision-making to succeed. One essential tool to streamline your trading process is a trade checklist. In this article, we will guide you through the creation and effective use of a trade checklist, providing practical examples...
I’m a funded prop firm trader with over 5 years in trading the forex market. I’ve tried it all, searching for the legendary holy grail. I’ve lost over 5 figures worth of money before I reached where I am today. From the usage of expert advisors, signals, PAMM, copy trading, account management, indicators, grid trading, martingale, scalping on the 5 seconds chart...
Entering the world of forex trading can be an exhilarating yet challenging endeavor. As a beginner, there is a multitude of uncertainties, doubts, and learning curves to overcome. However, with dedication, persistence, and the right mindset, every trader can journey from being a novice to becoming a seasoned professional. In this article, we will delve into the...
I’ve tried everything. From scalping, intra-day to swing trading. My first mentor taught me price action and is a strong believer of swing trading. He taught me to trade on the higher timeframe, or 4h timeframe and higher. All timeframes below that are noises. I devour his trading content and backtested every single day. Back then, I was hungry for success. I...
Introduction: In the exhilarating world of trading, achieving consistent returns is the goal of every investor. However, a crucial question often arises: is trading success a result of hard work and discipline, or is it merely a stroke of luck? In this article, we delve deep into the eternal debate of work vs. luck in trading, highlighting why consistent...
1️⃣ Thou shalt have a trading plan: Having a trading plan is crucial to my success in forex trading. By setting clear entry and exit points, as well as defining my risk tolerance, I am able to trade with discipline and avoid impulsive decisions. 2️⃣Thou shalt not risk more than you can afford to lose: I understand the importance of capital preservation. I...
Key words: ,,,,, , ,, 🐼The world of forex trading is as fascinating as it is dynamic. To thrive in this fast-paced market, developing a robust trading strategy is paramount. In this article, we will explore the key points that can help you identify and refine your trading strategy, bringing you closer to success. 🐼Identifying Market Trends: Understanding...
I was impatient. I've always wanted my live trades to play out as fast. As fast as I click the "forward" button in TradingView replay function. When I'm not in a trade, I'm bored. I want to be in a trade. It doesn't matter if the trade does not fit my plan. I will find excuses to justify my actions because anything can happen in the market, right? I want to...
🟥The world of forex trading holds immense allure - the promise of financial freedom and the opportunity to make money from the comfort of your own home. However, it is no secret that the path to success in forex trading is treacherous, with estimates suggesting that a staggering 95% of traders fail to achieve their desired outcomes. So, what exactly goes wrong...
I wasn't always profitable. I lost a lot of money when I first started trading forex. I don't remember how I got started learning forex. But I know I started when I was serving in the army. I borrowed books from the library, watched many YouTube videos on trading. I was very knowledgeable on technical analysis. I know the concepts so well I could vomit them out to...
Trading in financial markets can be a challenging endeavor. It requires a combination of skill, knowledge, and adaptability to navigate the complexities of the market. Unfortunately, many traders fall into a common trap - they repeat their mistakes, often leading to failure. This article will explore why repeating mistakes in trading can be detrimental and...
This topic is so important, that´s why I wanted to share it with you and hope I can reach as much people as possible. Hope it will help some :) I saw in the last years many who crashed their accounts very hard, they lost a lot of money and for some it was very dreadful! It is hard to watch this people how they burn money and bring even his own family in...
I wasn't always profitable. I lost a lot of money when I first started trading forex. I don't remember how I got started learning forex. But I know I started when I was serving in the army. I borrowed books from the library, watched many YouTube videos on trading. I was very knowledgeable on technical analysis. I know the concepts so well I could vomit them out to...
♦️Navigating the world of forex trading can be both thrilling and challenging. While it may seem overwhelming to keep track of all the complex factors that affect currency movements, some key fundamentals can significantly impact forex markets. In this article, we will discuss three essential forex fundamentals: non-farm payrolls, interest rates, and central...
Trade what you see, not what you feel. Human are emotional creatures. Believe it or not, I had attitude problems in the past. I get angry easily and this is a bad trait to be a trader. In the beginning when I was still a noob, I would fund a live account without learning how to trade properly. I buy and sell base off moving average, RSI, MACD, and signals. You...
📌In the thrilling world of forex trading, where fortunes rise and fall in the blink of an eye, having the ability to control your trades is paramount. Among the arsenal of tools at your disposal, stop and limit orders reign supreme. These magnificent creations empower traders to set their own boundaries and ensure that the roller coaster ride of forex trading...
It took me close to 5 years of losses and breakeven to reach where I am today. I'm handling 6 figures worth of prop firm funding and has many payouts from various prop firms. This didn't come easy. Like many traders, I started trading with the goal of achieving financial freedom and to leave his 9 – 5 job. I learned from free contents on YouTube. I know many...
The world of trading in gold and forex is a challenging and relentless arena where fortunes can be made or lost in a matter of seconds. Three of the most popular styles of trading in these markets include scalping, day trading, and swing trading. In this article, we will take a closer look at each of these trading styles and explore the differences between...