careful when trading against the main trend:
- wait for USD weakness (major news)
- check E/U before diving into any trade
- don't take trades below 1:2 - R:R
- if your trades are underwater, mostly they won't reverse
- divergences fail...
- master lot sizes for each currency (calculate pip value)
- maximize profits / minimize losses with scaling it/out
keep an empty account 1/2 size of your main account at the same broker,
if something goes wrong transfer / increase your margin %
don't let your margin level go below %400-%500 at all times.
* improve yourself:
https://www.mta.org/eweb/DynamicPage...mended-reading
stoch div. is never enough,
master your entries with confirmations:
- RSI, MACD, Volume
- Support / Resistance Levels
is all you need.
- wait for USD weakness (major news)
- check E/U before diving into any trade
- don't take trades below 1:2 - R:R
- if your trades are underwater, mostly they won't reverse
- divergences fail...
- master lot sizes for each currency (calculate pip value)
- maximize profits / minimize losses with scaling it/out
keep an empty account 1/2 size of your main account at the same broker,
if something goes wrong transfer / increase your margin %
don't let your margin level go below %400-%500 at all times.
* improve yourself:
https://www.mta.org/eweb/DynamicPage...mended-reading
stoch div. is never enough,
master your entries with confirmations:
- RSI, MACD, Volume
- Support / Resistance Levels
is all you need.