Exactly. It is best to be flexible. A lot of missed opportunities happen if you have to many mechanical rules. Understanding which markets are hot at the moment, and trading those with volatility will give you the best results. Some traders stick to ...

has anyone EVER seen a successful trader/trading system?

Markets are like life itself, and therefore they cannot be predicted with 100% accuracy. The market moves based on mainly human decision making. If you can understand that then you will understand that trying to quantify such a thing by analyzing ...

has anyone EVER seen a successful trader/trading system?

Today I made my biggest gains. I don't agree this move was unpredictable at all. I called the move on oil, and this volatility is to be expected with COVID-19 happening. Right now it's very easy to make money because of this, but also very easy to ...

To be successful... cut out the noise

I agree 0.01 lot is fine even with 10k you can make good returns with a small lot size. The problem with 0.01 lot though is you cannot partially close the position. That's why I like to use 0.02 at least so I can close and take some profits and let ...

How to Beat the Market Makers at Their Own Game

So, I closed my 0.2 lot sell on WTIUSD on Friday before market close.......Yeah, I'm beating myself up for that one rn I still closed with about 20% profit on that trade, but If I would have held till ...

WTI Crude Oil Trading

You really need to change the title of this thread if you want to make it clear. Profit is profit. Imo if you can beat the interest a bank would pay you then you are a profitable trader. Also, it depends how much work you have to put in etc how many ...

Failure in Forex is a certainty! Prove me otherwise...

If you look at short term it's actually much closer to around 80% or potentially lower than that who lose money. The problem is that overtime the number gets higher. I would say the actual figure is probably closer to .01% or maybe less of traders ...

Failure in Forex is a certainty! Prove me otherwise...

Failure in retail is also not a "certainty" its just a highly likely outcome. Since roughly 90% of traders lose their invested capital that still leaves 10% who do manage to profit, out of those 10% many may move on to eventually get to the ...

Failure in Forex is a certainty! Prove me otherwise...

Wow that is a lot. I think my 1 lot buy puts me at around roughly 150 xrp. I may look to add more in the future. Right now I am kind of a newbie when it comes to crypto but the other big market cap coins like btc and eth etc seem high for me right ...

Is anyone holding XRP?

I was shorting since 53$ but now I am no longer in any shorts. I think there will be a retracement back up to 50$ and then will go down again. Long term bias is short for me on oil in general. Good luck

WTI Crude Oil Trading

Institutional traders and investment banks are proof that you can make money trading forex. The problem is that retail traders do not know how to trade properly and that is why almost all retail traders lose money long term.

Failure in Forex is a certainty! Prove me otherwise...

url Take the whole course and learn everything. It is probably one of the easiest and best ways to learn the basics before starting to trade.

What is a stop loss and take profit?

U ok man?

My brain is too full...

imo TA is only useful for entries. They do not guarantee direction of the market though, and for that you need to build a fundamental directional bias using data that you can find outside of your charts. The way I see it is, you first build a ...

plain old technical analysis?

A good trader should be able to at the very least keep their drawdown to the same level of their profit. Meaning if u have a Max dd of 20%. Your ROI should be 20%. Then you start compounding and raising your risk per trade, so even though your ...

To be successful... cut out the noise

Thanks for the response. I have a similar story to you when it comes to trading. I only now have started to become consistently profitable, and I still have a long way to go before I reach my goals. My goal is quite different than yours though. I do ...

To be successful... cut out the noise

Respect. I am always still learning on my path to success in this industry. I would like to pick your brain a bit if you don't mind. How long have you considered yourself a "successful" trader? What books or insight has helped you to achieve your ...

To be successful... cut out the noise

Exactly. I have an entire thread dedicated to explaining the way I trade, I post my weekly analysis etc trying to help new traders. But it seems the other thread I started talking about indicators got more comments because of the drama.

To be successful... cut out the noise

Nice thread. It's refreshing to see someone on here that actually trades and backs up the talk. If you continue to be this consistent you will become one of the few who succeed in Forex long term and can become very wealthy. Forex is all about ...

To be successful... cut out the noise