Stop loss helps you limit your losses so that you don't end up blowing your account if you open a position that you should not have, in the first place.

What is a stop loss and take profit?

In my purely subjective opinion, 5% is too much. 3% is where I draw the line. Although, let's assume you are making a consistent profit at 5% then, in time, would you be willing to go beyond 5%?

5% risk per trade?

I signed up and downloaded the plan. Seems promising. Will keep you updated about how it works for me. Thanks!

Trading plan template

An Introducing Broker is a customer support arm for a forex brokerage firm. Basically, he acts as an intermediary between a client and the brokerage firm counseling a new client about the market. In exchange for his service an IB takes a portion of ...

Introducing broker

Hi! I don't think he mentioned scalpers. Yeah, I feel the data related to covid is flawed perhaps due to the limitation of science in understanding a relatively new disease.

Successful traders are very, very rare to find

Hi! This was a statement by Will Vu, a trader and writer of some recognition on the internet. As for the statistics in that article, it's only relevant for one quarter of the the year. My point was "In the long run..".

Successful traders are very, very rare to find

In long term, around 4% survive in forex trading and make money, 4% of that 4% make average money, 4% of that 4% average money make huge money.

Successful traders are very, very rare to find

I think it’s possible to make profits in as a trader, but constant success in trading comes with a high price tag. Sustainable and profitable trading does not come without going through a roller coaster ride of emotional pain and equity fluctuation.

Can YOU make money as a trader?

32 out of 33 developed countries have opted for universal healthcare because it lowers the overall healthcare costs.

When did you start trading full time?

While choosing a broker one must take into account factors such as regulation, fees and spread, trading platforms, charting and analysis options which is why picking the right broker is no easy task, but it is important to get it right.

Broker needs to do better, much better

It's a very dangerous proposition to borrow a loan for something as risky as trading. Never mind taking a loan you shouldn't even risk all your own funds to trade.

Take a Loan to Trade?

FXOpen IFC Markets InstaForex PaxForex

Nano Lot Broker

In trading, it is as important to understand how people think as it is to understand economics. That being said - Psychology.

What kind of Degree for Forex?

While Automated trading can remove human emotions from the trading that make a person open positions that they shouldn't have, we must also remember that the primary issue with EA is mechanical failure. Discrepancies have known to occur between ...

Automated vs. Manual trading

Here is a related thread url

EA orders pending orders

That would depend on if you want to make profit out of trading. If yes, then you cannot trade without knowledge. You need to understand trading platform, choose a broker, develop your strategy and only then can you start trading. To become a ...

Is it possible to start Forex trading without knowledge?

Make a thorough verification before you choose a broker. Always check for regulation, never choose a broker without regulation. See how transparent the broker is with respect to his terms and conditions and don’t get carried away with the heavy ...

Do I need to change brokers

As much as low margin requirement provides a wonderful opportunity to make profits, it can also incur heavy losses and even wipe out your trading account in a few moments. Therefore, please be careful while going for a high margin broker.

Which broker is best for high leverage?

1. Check if it is regulated. 2. Good Support and Short Response Time. 3. Provides a demo account. 4. Good trade execution speed.

What do you all look for in a Broker?

Without stop-loss you cut your profits early compared to the losses and produce many small profits with a small chance of getting a huge loss (maybe even 100% of your funds). In some short time, you are likely to show some end profit, but in a ...

Trading with no stop loss