Are you taking profits to early or you are not being able to identify the actual. The both have a huge difference. If your analysis says the price will move further, then too you are taking exit. It's a psychological problem. But if your analysis ...

Taking Profits too early?

I don't think it is important to get paid for forex course when the web has made it simple for us to learn it. Despite the fact that there may be a few preferences if some paid for the forex course yet to I simply don't think it is fundamental. ...

forex Courses

@mlawson71 hahaha. You are right. I just realized it after reading your comment. Well in that case it will help to other newbies who have the same kind of questions. Actually forex is introduced to most newbie in wrong way. They are told that it's ...

New to forex Tips and Advice

My risk is 2% of my capital for each trade. Similarly, the most silly introduction to risk is 4%. It proposes I open most crazy of 2 trades. I figure everyone should keep up their hazard association rules. Without overseeing risk in trading entire ...

How much do you risk per trade?

100 pips per day with what? How much is your investment? What's your risk percentage? What's your risk reward ratio? How many currency pairs you will trade? It is possible to get 100 pips but there are so many things to consider.

More than 100 pips

At the beginning, investing big money is not a good idea. Don't invest much money unless you are making consistent profit in live trading foe a good period of time. All the other plans seem ok. With time you will understand the rest. Focus on being ...

I'm new Heeeeeelp

The people who gives screenshot are mostly fake. Do not trust them. This tendency is very severe in forex industry. You won't find this in other industry. Have you ever seen any businessman showing his profit publicly. No one does this. Matured ...

False Prophets

Simple answer is No. Forex trading is a work of professional skilled people. You just can't make money by entering into the market. You need extensive learning. This learning doesn't happen overnight. It takes years to make a well defined trading ...

Can you get rich quickly from forex trading?

Increasing lots randomly is very bad. You should have some rules. Suppose with 1000$ balance you take .05 lot that is .01 for per 200$. You can increase your lot to .06 from.05 once your balance is 1200$. Trading is all about being disciplined. You ...

Making small gains each day + losing it all in 1 day

I don't know what's your strategy is. But it is not a good idea to check the market in every four hour. Normally a person needs 8 hours of sleep. You can't compromise with your sleep. All good traders have their own trading hour. Most usually trade ...

How would I check every 4h bar?

I think it depends on your strategy. In short profit target you can't use trailing stop. Price doesn't go steadily. It moves back and forth. Trailing stop is for a longer term trading, when your target pips are huge. Again it depends on your ...

Who is best ? stop loss or trailing stop

For scalping I am using MaximusFx. I am trading with them as they have very low spreads and instant trade execution. Another reason I chose the broker is their charting, it does not create any fake candles which help me for my price action analysis.

Broker for scalping

Most newbie traders do the same as you did. Running for EA or Strategies is very bad habit. Using other's EA or Strategies maens you do not have any idea what you are doing. You are depending on others. The problem is this is how forex is introduced ...

Should I quit trading forex?

3% a day is a huge. To achieve this you have to be extra ordinary. I don't know whether it is possible under proper money management rules or not. In some day it may be possible but for everyday it looks unbelievable.

3% a day?

All work more or less. Some understand the indicators, some just follow fundamental, some just flow price action. The important thing is what will work for you. There is no simple answer. You have to find it by yourself. That's why forex learning is ...

variety of resources what works and what doesn't

Trading is an art based on both decision and system. System tells you the current scenario. It's you who have to take the decision. And decisions are affected by your psychology. So basically trading is the combination of many things. We need to ...

Is trading an art based on decision or system?

I think there is no such statistics. There is no such real volume data. It also depends on how many people are involved in the trading. It's a game of bull and bear. The stronger always wins. Sometimes with a little volume a market moves a lot ...

how many lots can move the market 1 pip

If your trading age is one day, basically your journey haven't started yet. Long way to go before judge your performance. Did you developed your trading style and strategy? Did you define your risk management policy? What is your winning odds and ...

New to forex Tips and Advice

Yes it is possible if you have that type of skills and strategy. Many people do hedging as a risk management policy instead of stop loss. Some do not use any of them. It is all about how much skilled you are. And what you are comfortable with. You ...

Trading without stop-losses

Yes. 10 pips a can make you rich. It has proves. In the book The Millionaire Traders, you will find the history of a trader (I forget his nam) who takes 10 pips a day. And he has become millionaire by doing this. It requires good strategy and ...

10 pips a day can make you rich quickly