My problem with not opening a position at the beginning of the trend is that when I don't do that every major correction was a source of anxiety. Now I keep short term positions and I avoid the problem altogether.

Trend Trading

I could not have put it better. Usually the best thing one can do is open a position at the beginning of a trend and keep it open in the long term, only closing it when they notice there will be a major reversal.

Trend Trading

Sometimes people trade in pairs, but you are right, trading is usually a solitary occupation.

The Loneliness of the Long Distance Trader

I think that in the modern age forums help greatly with this issue. Take Forexfactory, for example, there are so many like-minded traders here sharing common interests.

The Loneliness of the Long Distance Trader

I think that for the moment it will keep moving north, especially if there is a breakout above 149.00.

Dragon Riders GBP/JPY

Thank you. I don't expect any big movements today, the pair should be range-bound after the rally yesterday.

What is your best seasonal forex pair or stock to enter now?

I think it's time for a long, given the bullish pinbar on the H4 time frame.

What is your best seasonal forex pair or stock to enter now?

This Autumn I've been trading mostly EUR/USD because I can predict it the most, even though I like USD/JPY the best.

What is your best seasonal forex pair or stock to enter now?

I agree, it will rally at least to 150.00, but in my opinion it may rise much higher.

Dragon Riders GBP/JPY

If it wasn't possible to predict price movement people wouldn't constantly be making fundamental or technical analysis, or both. As for the logic of it, different analysis and strategies have different logic that are explained together with how to ...

Why it is possible to predict price movement?

Some people do very well when there's big volatility, I think which instrument people trade is largely a matter of personal preference.

Have all the FX speculators switched to Bitcoin?

Good point. The same thing applies to books as well, I think. It is important for the educational book you're reading to present its information in an accessible manner, especially when it is aimed at newbies

Can you learn to trade from books?

I think the time frame one uses also depends on how much available time to trade one has, not just on their personality.

Time Frame Vs Personality, Which to choose as Main Time Frame? Who Are You?

That's really depends on the book. I have found plenty of educational Forex books that I have found very helpful.

Can you learn to trade from books?

The purpose of learning any theory is to use it in practice after all. Try to learn something new every day, if you have questions that's what forums are for.

Can you learn to trade from books?

I really could not have put it better. Having a plan is essential to good trading. If one just trades impulsively (and that includes revenge trading) mistakes are bound to happen.

1% to 3% Per Day? All things are Possible

Personal rules are a good idea, but they are not enough in my opinion. I think it is also important to have a set trading plan, and if you're looking to employ the recovery method it should be a part of that trading plan.

1% to 3% Per Day? All things are Possible

That can be useful, I agree, as long as one doesn't conflate it with instinctive revenge trading.

1% to 3% Per Day? All things are Possible

Profit depends on your strategy and trading plan, but keep in mind that any good trading plan accounts for losses. So even if your strategy allows for such a profit, there will be days when you will incur losses.

1% to 3% Per Day? All things are Possible

A heads up - this week the CBRT will be announcing its trade decision, so expect a lot of volatility on USD/TRY.

Exotics (USD/TRY, USD/ZAR, USD/MXN, and others)