I use to always think that, until I just accepted to let the losers remain small, and again, be disciplined enough to know when I'm wrong and I just end the trading. After all this. I'm still only a winner 1/2 the time. What's important is how much ...

The Oldest Rule In Trading Still Works

I just simplify things even further. The market is always right, wherever it decides to go i follow. If the market reverses, I don't hope, I don't guess, I don't rationalize, I get out and bank the money, then i reverse. I never lead or project the ...

The Oldest Rule In Trading Still Works

The 2 pairs normally move together, but the correlation is never 100%, some event just affected the Aussie more, and buyers took over. I was briefly short this week maybe 1/2 day, then reversed and have been long. Staying that way until the buyers ...

Big wicks in aud/usd 1h

I have 2 friends in mind who trade, and whether newbie or not, that's not really the issue that keeps them from being profitable. One has traded for decades. The problem with both is that they're very , very intelligent and often very successful in ...

What most newbies must go through when trading Forex

It really depends on the strategy and whether you're trading at a high or low leverage. Even with stop losses I've seen strategies that apply Martengale absolutely obliterated after 100% gains. Too tight a stop for very small gains may keep the ...

successful trader without stop loss?

Not a mistake, I quoted my own post because every time I read it to myself it reminds me of a true story, true trade that happened to me over 6-7 years ago. To keep a long story and long ordeal short, this was a time when the US Dollar was weak ...

8 Years Later - Still Not Winning

It's a new game, new trade even after you achieve consistency. Profitability will usually happen as soon as you begin to control your emotions. When you don't let losses alter your trade plan and goals. Every year that goes by, as long as you're ...

8 Years Later - Still Not Winning

Been a long time, around 2002 and just a few years after that I was on ForexFactory. I remember a lot of the discussions back then. They were very interesting and it was always exciting to learn something new about Forex trading. I can attest that ...

How long you been at this?

You can probably get the 2 monitors/screens at a later point. Initially you can save and just share one screen with 2 computers. This type of device works for me: url Always have at least 2 good working computers. I think it's important to go with ...

Trading computer recommendations

And I guess that's really where we get paid, analysing and identifying the trend correctly, then being able to tolerate the emotional roller-coaster ride involved when we hop aboard that trend train. Consistency is one of the most challenging parts ...

Break even trader after 6 months..now what?

Things have changed from a few years ago, especially since many of the brokers i liked stopped doing business in the US. I'll give credit to one that gave me a very large bonus and to their credit stood by what they advertised. FXDD was my broker ...

No Deposit Bonus Brokers

Being in the black in 6 months is excellent. It'll be near 12+ for me this month I remember Dec for that and I can tell you it took a few years to reach consistent profitability . The most difficult part in the beginning were discipline and ...

Break even trader after 6 months..now what?