Ability to follow trading plan, set reasonable targets, avoiding reliance on luck and curbing influence of emotions on trading.

the most important things in forex

What do you mean? Is it available only for certain countries or for clients who meet certain conditions?

HotForex Discussion

Trading is not hard but when you set some ambitious goals like 100% monthly it becomes really hard because, the higher is expected return the more difficult to find such market fault that exploiting it will generate such profits.

Is trading really that hard?

Where can I find more patterns like these and how do I learn to find them on a chart?

Milking Pips From EurUsd with Bots

It's fully a traders' responsibility to make sure that trading system factors in the risk of variability of margin requirements. Recall the case when NYMEX allowed for negative prices on WTI - information about that move was limited to short ...

Tickmill

There are few brokers which are members of NFA because brokers should be located in the US to be a member of NFA and majority of brokers prefer to avoid that complications).

Credible brokers?

You can also check Hotforex url (check second from the bottom in the indices futures list to see trading conditions)

Is there any MT4 broker that has real-time USDX or DXY index

Risk off and risk on regimes are assumed to have momentum, i.e. when you learned that today is a risk-off you can expect that some assets will spend the day in red ( like risk assets) while safe heavens will gain in price. This gives you the ...

Risk on and off?

Yeah looks great, the only problem is that textbook setups occur rarely in live trading and are often hidden by noise and some weird market spikes which make you doubt about your trading approach. But you have to ignore those concerns because if ...

Chart Pattern Discussion

Even with random betting, proper capital and risk management guarantees you won't lose more than spreads and other transaction costs. Unfortunately newbie traders tend to pay the least attention to this aspect, dreaming about easy and big gains. Of ...

What I learned after losing $300,000 trading forex

Yes that's why I advocate trading approaches which are based on algorithmic trading. If you want to stop feeling emotions from trading you have to stop trading at all. thankfully it's possible but it's much more challenging task to develop algorithm ...

Demo Forex VS Real Forex

Yes I currently compare them with Hotforex. Both are good, in average their spreads are roughly equal but need to test them during high volatility.

Looking for Reliable broker to trade DAX 0.01 lots

That's pretty common I think. The reason is simple we put heavy pressure or emotions in live account which leads to failure in live. People need to remember that we need to be emotionless to trade like in a demo. It's pretty hard but with practice ...

Demo Forex VS Real Forex

I think if you also start to notice those decisions that helped to avoid massive losses you would get balanced view of the benefits of staying away from a trade . But we tend to ignore those situations.

How not to get angry about this?

Well, yes it is a risk, because it increases margin requirement for open positions which may suddenly lead to insufficiency of margin and forced position liquidations. Unfortunately brokers can do that if they fear that an extremely price move can ...

Leverage change without permission

When it happens, yes, slippage affects it. Unfortunately this is harsh reality of live trading, it's not possible to achieve excellent execution on every order fill..

HotForex Discussion

Have anybody from outside of UK claimed their GBP no deposit bonus? Is it allowed by rules?

Tickmill

Yes grid trader can survive but stops are more important in this trading style than in any other! Basically money management is the key because you open and hold a lot of positions and because of that transaction costs eat good part of your profit ...

Can a grid trader survive?

It took me 3 months to start trading in profit but it is not consistent I have winning and losing months as well, but in average I make 30-40% yearly. I don't hunt for extreme yield because I always remember that our primary goal is not to lose.

How long did it take you to become profitable

Trades are opened and closed at price which is worse for you. If you buy you should be filled at the Ask price, if you sell - at the Bid price. So for BUY position you will be opened at ask, closed at bid, for SELL position opened at bid, closed at ...

HotForex Discussion