I don't think it is true that pro traders do not use stop loss. If you read the book called The Millionaire Traders, you will see that different traders have different strategy of risk management. They all bexame millionaire from zero. Some of them ...

Real Fx traders do not use stoploss

True to say you are living in the unrealistic world like many other newbies. With one month demo trading you are taking high lots. It's trading. It has some rules. The concept of risk management and money management didn't introduce just to fill the ...

I blew my account today!

I think there is no sucb thing as best time frame. It may be unique to everyone. The main fact is what you find suitable is best for you. I personally use D1 for my trading. It's very rear that I see H4. But yes I check monthly and weekly charts. ...

Help needed for Forex newbie

Your first problem is you are in a hurry. It works in opposite way. When you are hurry to make profit, you will lose quick. If you want to make good profit, you have to be calm and relaxed. When in your mind you think I have to make specific amount ...

I blew my account today!

What's the point of asking this? When you are making consistent money, it doesn't matter what others are doing. There are people who won't disclose their personal financial information. And it's not a good idea to disclose your information publicly.

Consistent Profit in Trading

Yes you are right. Most traders think that trading is all about strategy. They look for it everywhere. They think there is one strategy that will make them rich. They never try to understand that the success of a strategy mostly depends on the ...

Real traders, real money

Automated trading system is for expert. You are too new to think about it. You didn't even open your demo account yet. Your first job is to learn the art of trading. When you will get consistent profit, then you can go for automated trading system.

Automated Trading Systems

It is best for you to go for long term trading as you do not have enough time. You can also do scalping if your free time falls in London or New York session. In these two sessions usually maket moves more than other session. You have t make ...

Part Time Trader

It's a game of probability. No one can exactly predict the price movement. With given data, by analysing people predict the probability of the price direction. Human being are habitual being. That's why price also have some habits. That's why ...

Why it is possible to predict price movement?

Yeah it is a good idea if you think that it is not for me. Many people do not understand this and lose more money. Every business needs different psychology and mindset. Not all businesses are for all. It's completely ok to quit.

I plan to quit forex!

Average annual return of top hedge funds is between 10% to 20%. Theoretically it is possible to earn 1℅ to 3% per day. But in practical consistently it is the toughest job. Market doesn't behave in the same way all the year. And practically it is ...

1% to 3% Per Day? All things are Possible

My first rule is do not take an impulsive decision. Open trade only if it fulfills your entry criteria. No trade out of impatience. I also keep journal to note down my all trading entry and exit. There should have been an explanation why I am taking ...

Trading Rules

I am also using MaximusFx broker. It's been 5 months I am with them. I also find their execution very good. So far I have not faced any problems with the broker. I also like their low spreads.

MaximusFx

Hedging is not for newbie. It is a very advanced thing. When I was new, I also thought like you. But by doing so if you fall against a trend, eventually you will lose your money. When a pair is in a ranging market, this may work for some extend but ...

Newbie question about hedging

Indicators based will repaint more or less all the time. That's the reason every now and then a strategy needs modification. Market doesn't not behave in a same way all the time. You have to understand the market sentiment if you want to be a good ...

Any non-repaint indicators that work well trading forex

I don't think there is any such strategy that will give you 1:5 RR consistently. You can only get such set up when you are in a trendy market. And we all know market doesn't trend all the day. And picking a trend in early stage is also a difficult ...

searching for a strategy with RR 1:5

Yes, you are right. Actually fear comes from not knowing what you are doing. You will be in your zone when you know what you are doing. Trading is for skilled people. Once you are skilled, success in forex trading is yours. Without proper knowledge ...

Why you're trading wrong

It seems a combination of different indicators. There was a time when I also got fascinated by colorful charts. But I got one realization. Trading is all about what you understand the most. Don't get affected by other's choice. Most traders run for ...

Anyone know what trading system this is?

Yeah it can help you in terms of patience. It will help how to wait for a good trade. Except that there is no more benefit. It's important to know that when it comes to money our psychology starts working differently. That's the reason most people ...

Does being a Good Chess Player make you a better FX Trader

You are 20 days in forex trading and now asking what's the realistic monthly profit. I don't think there is any fixed amount. It's all depend on our skilled. Capital is also a considering aspect. In forex trading being consistent is the key. Once ...

Realistic Monthly Trading Profit?