You are talking about overall market trend, that’s really great! By the way, how do you select entry and exit points in your strategy?

forex why traders lose

Well, I have a trading plan that I sincerely follow in my live trading sessions! Right now, my monthly target is around 20%, so in average my daily trading target is 1%, so when I get my target than I stop trading and start my learning session!

What does your normal trading day look like?

Yes, that’s really true! There have so many free trading indicators in this community! But, I seem for being a successful Forex trader we have to learn properly news analysis! By the way, pivot point is one of the most important technical tool!

Help improve this combined indicators idea

According to me, Price Action I mean candlestick based trading is the most powerful way of technical analysis! You can learn PA trading, all the best!

Is anyone trading by the legendary turtle strategy?

There is no profitable EA, really it is! Personally I know many successful Forex traders and all of they are doing their trading manually! Even, now I am quite happy on my manual trading result! The main advantage of manual trading is transparency!

Ever have any trouble finding profitable EAs?

For me, it’s only 4 months! But I have improved a lot on news trading by using FF! I see, there have enough resource on news trading, so many valuable threads! Besides, the members of this Forex community are too much helpful, a great learning place ...

(binned per thread starter’s request) What have you learnt since

Do doubt, trend line and chart patterns are useful, but the problem is, following any technical data so blindly! Forex trading is one of the smartest profession in the world! So, there is no way of making unlimited money without enough hard work.

What works, and what doesn't

My 5 years trading experience is my best teacher. I also started from zero level!

Guru mentors

Strategy doesn’t mean only indicator based trading system; it can be your trading plan! Actually, discipline is very important in Forex! So many traders are doing their trading with technical and fundamental knowledge and experience without having ...

5 years and still no strategy

I got your point, you are talking about here proper Price Action trading! Yes, price action trading doesn’t mean only popular candlesticks pattern like Pin Bar, Inside Bar, Outside Bar! A good skilled Forex trader can make enough money here quite ...

Price Will Tell - Supply/Demand Price Action Trading

Well said. I also think FF is one of the most useful website on news analysis! From my 1st day of news trading I am also using this site.

Forex News websites

I don’t think so! I am sure, there have so many good traders in this community! Maybe they are active in this forum to help others, or passing their boring time.

List of top traders at Forex Factory that you know

Copy trading is the service for investors! As a trader, I like to rely on my own trading knowledge and experience! By the way, I have doubt on data of copy trader’s profile! By the way, if you can follow a good trader that would be profitable.

Copy the trading of Forex Factory members

Based on my personal trading experience, EMA is much reliable to use! No doubt, moving average is very useful trading indicator; but depending on only technical tool is not enough here! Yes, you have to know details about fundamental, for ...

How reliable are moving averages?

In my early session of live trading I also took my TP too early because of my lack of trading experience! By the way, now I don’t close my trade manually whatever the result it is! I know, 100% is not possible here; so I am always ready for my live ...

Taking Profits too early?

Well, I have no interest on copy or EA trading! But FF helped me a lot to develop my trading skill on fundamental analysis! Now, I can understand the hidden meaning of news so smartly! Besides, now I feel, I’m not alone! I am an active member of ...

(binned per thread starter’s request) What have you learnt since

That’s factual, certainty doesn’t exist in Forex! So, I am not interested to imagine any game based on certainty, know why? Because, it’ll may reduce my mental strength during my challenging sessions! Forex trading is all about probability! That’s ...

What would you do - Sweet possibility v.s. Bitter certainty?

Although, I used multiple brokers service for my demo practice, but I have no experience with this broker! Actually, I used my one year properly for learning Forex trading! Then I started my live with micro then general live account.

Beginner Questions

I appreciate your plan especially your decent monthly target! I have seen, a number of Forex traders set unrealistic monthly target! As a result, they lose their so quickly! Forex trading is a pure definition of online business, so gambling is not ...

What are your future financial goals?

Well, I am very serious with my trading goal since Forex is the only one way of my financial source! By the way, I have no pan like 1 million or billon profit! I trade based on my monthly target; right now I am trading with 15% target. In addition, ...

What are your future financial goals?