"When they can't explain things in a simple way, they probably don't know what they're talking about."

What is the most important piece of advice you've received?

Yes. But it'll only help if you actually study and learn while you demo trade.

Is demo a step before real trading?

Well no one knows. But stop losses are always recommended. You wouldn't want your loss to have a no limits.

Trading without stop-losses

1. The most liquid ones 2. The ones with the biggest movement per day 3. The ones that form good market structures 4. The ones that reasonable spreads.

The best Pairs to Trade?

Yes it is. But it's not guaranteed, and it's hard.

20% per month. Is this possible?

I don't think it can make you a better trader directly, but with proper risk and money management, a big capital can tank more losses than less capital. That's all there is to it.

Does having adequate account size help make a success?

It would be damn awesome if it breaks the weekly resistance. I'mma ride dat bull run.

NZD/USD

Winners (great candlestick signals, lots of movement, pretty price behavior) EURAUD EURNZD GBPAUD GBPNZD Almost there (lacking at least one of the winner's perks... mostly the pretty price behavior) EURCAD GBPCAD GBPCHF GBPJPY EURJPY Just decent ...

The best Pairs to Trade?

Yeah but not all the time. There will be bad months, trust me.

20% per month. Is this possible?

I call myself self-employed.

What's the job title when working as a retail forex trader?

Trading Day #3 Trades: EURNZD long I took multiple screenshots of this trade, to compensate for the lack of screen video capabilities. Pair/Timeframe: EURNZD/H4 Market structure: 50% retracement bounce, swing level support, uptrend continues Recent ...

Real Price Action Trades - Live acct to show how I do them

Trading Day #2 Trades: EURNZD Short I took screenshot of this one. It's the only documentation of this trade I had. image Pair/Timeframe: EURNZD/H4 Market structure: News spike up after Draghi Recent action: Reached a peak level, formed an inside ...

Real Price Action Trades - Live acct to show how I do them

I like it that you go for top-down strategy and follow the trend. That's the right way to analyze the charts firsthand. I'd suggest you mark swing levels to guide you where price may go in the future. I have to point out the doji you used as a ...

Analyse my trade (GBPJPY Short) - was my logic good?

Yep. You can wipe out your account quickly too. If anyone wants rich get by forex trading, here are helpful ideas that any trader can benefit from. 1. Your first job as a trader is to make sure you manage your capital risk (lot sizing) and trade ...

Can you get rich quickly from forex trading?

Started the last Wednesday anew with a base capital of $~4000 last Wednesday. Ended the week with $~4800 after 2 days of trading. That's around 21% of my base capital in 2 days. I'm strict with my risk and money management so that I don't wipe out ...

how much do you earn per month trading forex?

Find a way to do both. Seriously, it's not like you have to stare at the charts 24/7 to trade. If you're planning to do that, you'll likely be superstressed out. That's not the right way to trade and it's not worth quitting the University for. If ...

university or more time for trading

Most important stuff: 1. Forex price action swing trading 2. Risk management & money management

the most important things in forex

To directly, answer your question, I only target a profit equal to 5 to 15% of my current capital per day, with a limit of 1.5% to 5% risked. I started a new account last week with 4000 USD (equivalent of my country's currency) and this last two ...

How much do people make trading FOREX