My first realization is- trading is not for everyone. You have to spend a lot of time in learning. In 3 or 6 months, you are not going to be anything (most newbies that the enough time). Stop chasing pips rather improve your skills. You will make ...

No more BS - What have you learned?

Yes you are absolutely right. It is also true for anything in life. The more you will chase anything, the more difficult it will be. Know your strength and weakness and work accordingly. Do not try to over smart your trading abilities. If you want ...

Stop Chasing Pips!

Yes discipline is the key. As I said for newbie with lower time frame, it is difficult to remain disciplined. Lower time frames are always tempting traders as there is high movement. They fall for it. Lack of proper knowledge is also responsible for ...

90% of traders fail...

Placing stop loss is an art. It's not that much easy as some people think. If your broker widen the spreads every now and then, change the broker. Other than that broker has nothing to do with your stop loss. Many times I have survived just by one ...

forex tip - Don't use a fixed stoploss brokers can target

Yes it's all about how well you manage your risk. In the book the Disciplined Trader, the author says there many money manager who failed when they tried with their own money. So psychology plays a big role in trading. Stay in control is the biggest ...

Should I quit trading forex?

Your FF account is 9 years old. It means from the last 9 years you are in touch with forex market. After such long time you are asking for or thinking about an automated trading system that will give you 5% to 10% consistent return per month. What ...

(binned per thread starter’s request) Whats really needed to make

Self understanding is the best understanding. The quicker we understand, the better it is. Trading requires specific knowledge, skills, psychology and discipline. May be you are best for something else. No matter what people say the truth is very ...

Should I quit trading forex?

Making consistent money is possible. But for that you have to skilled enough. It's not a game for kids. You have to give time and dedication for learning. Some people think learning means combination of some indicators. If this happens, do that. But ...

How many of us are already making profit consistently?

Yes you are absolutely right. People come into trading in the hope of making huge money. Well it's good to see dream. But the problem is they want it without learning properly. They want to make money just by learning how to make an entry and close ...

Can YOU make money as a professional trader - Redux

New York session is the good one. But it doesn't mean you can not make money in other sessions. It is all about your strategy. You have to research in which session you get more quality trades based on your strategy. What you find suitable is the ...

Forex trading - best time

I think you can predict certain number of pips based on support, resistance and other criteria. But predicting a single may not be possible. At least I think so. If anyone can, he must be genious. Trading is the game of probability. Nothing is ...

Can You Predict BIG Candles!?

Short term traders follow lower timeframe. In short time frame price moves a lot in both directions. For example, market is moving upward but in my system or strategy their is no good entry set up. In this type of situation the traders who are ...

90% of traders fail...

There is no such prove. Some traders do not use stop loss. It doesn't mean all pro traders do not use stop loss. In the book The Millionaire Traders, you will find traders who became millionaire by trading use stop loss. It is all about your ...

Real Fx traders do not use stoploss

Yes you are right. Short term traders lose more money than long term mind. The reason behind this is short term trader are less disciplined. Actually the 90% traders are not disciplined. They ignore the psychological aspects of trading. They run for ...

90% of traders fail...

Yes I also do not trade during before and after big impact news like NFP. To me trading news is just like gambling. But if you have excellent fundamental knowledge, that's different. Just by assuming or listening from different news taking a ...

Avoiding news affecting one currency by trading another

Trading requires specific knowledge and skills. And you do not get skilled overnight. Trading is not a easy task to do. It is one of the difficult task in the world. That's the reason 95% fails to make an impression. Everyone has his own ...

If you haven't made it yet, what makes you think you will?

Yes you can get rich quickly but not just by deposit money into a broker and by doing random trading. You have to be skilled enough to be able to do so. Like just by only passing MBBS, one can not be a good doctor. He has to do lot more things to be ...

Can you get rich quickly from forex trading?

Trading is not a game that you have to take challenge to do something within specific time. If it happens naturally that's very good. Trading is all about skills and knowledge. You can't overshadow your knowledge and skills by taking extra risk. Be ...

$10 to $80,000 in 13 trades

Yes fundamental works 100% because market moves based on the fundamental. But the question is do you have that much knowledge to analyse and predict the future of an economy or your fundamental analysis is based on what some experts are saying on ...

Fundamental Trading Always beats Technical Trading 100%

Trading is not possible by taking suggestion from some random guy. A pair doesn't always remain in the range or in the trend. And finding the starting point of a trend is the most difficult task. A pair ranging till today may start the trend in next ...

Ranging pairs question