Very well said by pizd0s. A trend line works when enough traders believe in them. Best of luck yo you all. C

Why do trendlines work?

There is nothing instead, just use a stoploss. It is your defense in case the markets turn hard against you. The markets are not rigged in general, they can be influenced by large orders and driven in a certain direction temporarily. Stops are ...

Do you use stoploss?

So if I would study for years and know the 200 "best" trading books and strategies by heart, but I lose my mind on the moment I place a trade, let it run against me when I should close it and close it when it goes my way and I should let it run... ...

Can trading be self-taught?

I have given this advice before in another thread too. While demo is good to test your edge's robustness and forward test specific strategies, it is not a preparation for real trading. Psychology is a big part in trading, if not the biggest, and ...

Is demo a step before real trading?

Hi Theo, I really like your post here, it covers all the important parts one has to master to become profitable in trading. Best of luck to you all! C

How many years to become profitable?

It is possible and you don't need luck for it, if you have got a good edge and your money management is on point. So because you ask the question in the rookie section, I assume you are a rookie. Is it possible for you now? Probably not.. Is it ...

20% per month. Is this possible?

Hi Roomsey, Happy to read you have good findings on your demo. However I would advice to start with a small real money account instead of demo. Psychology is a big part in trading and your demo account is dispensable as anything could be. Resetting ...

Any Advice for a Beginner?

I think the more important question is "Why are they not losing their motivation"? Why are you learning how to trade? Why do you want to improve yourself? Why are you putting in the work? Why do you keep going after facing setback after setback? You ...

How do you newbies not lose your motivation?

Again I have to disagree mate. I am not saying that every strategy keeps working forever but there are certain traits to the market that are always there. It moves and it corrects over and over and over. There are quite simple strategies that ...

Why do Newbies Lose?

I still find it hard to see it as a cliché when 90% of topics about trading are about TA and 5% about psychology Most newbies don't ask "Hey, how can i improve my mental game in trading" instead of "Hey, give me a system that pulls a lot of money ...

Why do Newbies Lose?

I think I understand what you mean, but I don't think you need a partial close. If you just close trade 2, that money in your account and it offsets a part of the loss you have on trade 1 on your account. You can't "transfer" money from one trade to ...

Android MT5 app - partial close

Yes, I always use a stop-loss. Even when I was trading 0.01 lots or on demo I did, because I wanted it to become a habit to protect my capital and limit my risk.

Do you use stoploss?

I wouldn't call psychology in trading cliché, as it is the least talked about topic in trading. 2 questions pop up in my mind in regards to your answer: - Who is "the market"? - Can I have a real understanding of how the market will move in the ...

Why do Newbies Lose?

Hi Gus, I have to disagree with you here. To have a feel for the market might be your trick but there are literally thousands of ways to pull profit out of the markets. I don't believe the market can be beaten either. I rather see it as a devious ...

To the profitable people

Hi WannabeLedge, I dare to argue against that. I know it is possible to get outsized returns out of trading FX, indices, etc. because I have seen people do it. Consistently over +15 years. No, not me, I'm only at the beginning of my journey. People ...

Trading forex profitable is impossible!

Most newbies lose because they prioritize finding the best entry and exit methods while they should spend most time on the psychological side to get consistent. Because they don't they have no way to withstand the inevitable losses that will come ...

Why do Newbies Lose?

Hi wingate, Don't get blinded by wanting to use one specific indicator. If you are not able to run it, accept it and look for a strategy that fits your current situation and means. There are so many good ways to trade even without any indicator. ...

A Simple Mean Reversion Strategy

Hi all, I hope you are all well! Is anyone still trading this strategy? I just read the thread and it sound very promising! Cheers Nick

High Flying Trading (HFT) Method