Increasing the leverage from 100 to 200 or 300 will amplify your potential gains and losses. With 200 leverage, gains and losses will double compared to 100 leverage. With 300 leverage, they will triple. Leverage magnifies risk and reward, so higher ...

Different leverages for risk

To ensure it covers "95%" of the prices, you would need to visually inspect the chart to see if the EMAs encompass the majority of the price action. Ideally, very few price points should be outside the channel.

Alexander Elder's Channel

Any updates? i found this thread to be really fun and exciting, don't tell me they bailed on you

1 month experiment trading forex for kids

They're like getting a big bag of someone else's money to trade with. People brag about it on social media 'cause it's a big achievement. It's not the same as a small account with high leverage 'cause funded accounts have more ...

Funded accounts vs Personal account

risk management in forex is a lifesaver, seriously! It's like your safety net in the crazy world of trading. With proper risk management, you won't blow up your account when things go south (and trust me, they will!). It's all about setting limits ...

Benefits of using risk management

I couldn't let it slide without saying a massive thank you for sharing your trading knowledge with me! Your insights have been gold, and I'm stoked to apply them to my trades. You rock!

Accurate Scalping Method based on clear set of rules

Your expertise and ability to navigate the ups and downs of the trading world make you an inspiration to all.

Trading Experience

Grid trading with fundamental analysis, huh? Cool! Now, when crazy news hits like Russia invading Ukraine or Wall Street going down, think about the strength and impact. Hedging can be risky, so adapt your strategy if needed. Stay flexible and ...

Have a quick question about Fundamental Analysis and Grid Trading

Oh, you hit the nail on the head with that one! It doesn't matter if your strategy is as goofy as wearing a chicken suit while trading. If you've got discipline and rock-solid money management, you can still make it rain in the market.

Worst strategy ever

Yes, trading can be self-taught through educational resources, online courses, books, and practice.

Can trading be self-taught?

Hey there! While I can't endorse specific products, there are many MT4 Expert Advisors (EAs) available that claim to offer consistent monthly profits

What is best MT4 EA with 2-3% of monthly profit guarantee?

Their simple opening range strategy with market orders sounds interesting. Can't wait to see how they do in the second week with the rewards on the line. Good luck to them, and keep guiding them on risk management!

1 month experiment trading forex for kids

I recommend MyFXBook because it's a popular online platform that allows you to easily track your forex trades.

An online Journal either website or spreadsheet?

one major drawback is that it doesn't fully account for the impact of compounding returns. Since it assumes a constant growth rate, it might not accurately reflect the true performance, especially when there are significant fluctuations or ...

Tracking Performance with Geometric Average

Many platforms offer built-in calculators or provide downloadable options. Just make sure to consider factors such as your account balance

Lot size calculator for gold and silver in AUD

Thanks for sharing your thoughts! I totally agree that psychology plays a huge role in trading, and we all have our own challenges to overcome. Having a checklist based on our trading strategy is a brilliant idea.

Trade Checklists

Are you sure about that? I mean like how much sure are you about it? This my las t chance before blowing up this account too.

Gold