I think having a mentor is essential. But, the thing that really helped me most, was that he stressed the importance of marking up my charts daily so that I begin to subconsciously see all of the patterns that were most profitable. I even made flash ...

Trader pains and issues

Looking to get rich quick in the Forex market will keep your account blown. Is it possible to get rich quick with Forex? Yes.... but usually after taking the time to master the skill first and going thru the losses and learning from them.

Can you get rich quickly from forex trading?

I focus on discipline to be patient to wait for perfect entries so that I dont end up in the middle of a ranging market. Also, I move my stop to within 32 pips of the current price when I am in profit so that I either break even (if the market ...

how do I maximize my profit and minimize loss?

Instead of trying to get 10 pips per day, I would suggest learning a good system that teaches you precise entry and precise exit and then just get whatever the market gives you, whether it be 5 pips or 200 pips.

I don't get how 10 pips a day can make you rich?

I got into forex trading because I had a friend tell me about it who was consistently making large profits and even quit his job and is a fulltime trader. So, I begged him to teach me what he knew and within a few months of learning his strategy, ...

Trader pains and issues

I personally always use a stop loss. Ive just learned where to put it so that it is out the reach of the stop hunts that occur before the real move.

successful trader without stop loss?

I analyse my week using H4, analyse each day and make predictions on H1, and use M15 to get a good entry point. :-)

which time frames to use