Range too tight, getting smoked.

EURUSD only

All those levels are nothing but random lines drawn on the chart.

A little bit of give back

Big advice speculate with 10% or less of your savings. If traders abided by that alot will be successful. You say it won't be enough to make a living, I say don't trade to make a living. Trade as a hobby, don't care about it and watch how your ...

Can YOU make money as a trader?

Making money with live account is very very hard. The real skill in trading is discipline(emotional control). Everybody after sometime knows how to make money, but they can never bring themselves to do it. Especially when you hit an extended drought ...

Simple and profitable trading style

I 've been saying from another post. Learn to shut down your systems. Mostly for emotional reasons, I have found that no one can trade with his rational mind during a drawdown. For me I just convince myself that the markets will always be there ...

What Would You Do Differently Today for Better Trading Results?

It's true for all endeavors, survival of the fittest it is called.

Can YOU make money as a trader?

Good you learned. Easy money cannot be found under the sun.

Can YOU make money as a trader?

I think losses are unavoidable and our pain is in trying to avoid losses rather than accepting them. Next thing is that the markets are random most of the times, try drawing random lines on that chart and see how it seems to act like support and ...

How can we avoid losing trades? - discussion thread

A small account growing is better than a small account that went burst. For a start keep your drawdowns below 10%, I had the same excuses like you, my account is too small,etc. Trade small cause even when trading poorly you won't loose alot of money. ...

(binned per thread starter's request) I give up

Another day over, preparing for battle tomorrow. Trading is art not science.

My discretionary trading account

Under trade, under trade, under trade. Trade 1% per trade, stop focusing on the upside. Focus on the downside, focus on not losing money.

(binned per thread starter's request) I give up

If you can't take the loss my best advice is to cut size up to point where you can handle loosing.

(binned per thread starter's request) I give up

Finally been able to link account, had a password issue. Hope we have fun guys.

My discretionary trading account

I m not able to link my account. Don't know why, will try to open a new account.

My discretionary trading account

You are welcomed. I had a very bad experience recently with high leverage. I doubled my money twice and lost 50% afterward and ended flat. I was profitable net in pips but my account was flat, I understood that percentage losses and gains are not ...

Simple and profitable trading style

High leverage is a very relative term. The most important thing is to not put yourself in a position where you can have a severe equity retracement. I think drawdowns of around 20% is acceptable for an aggressive trader, beyond that really not ...

Simple and profitable trading style

Yeah it's possible to have 99% of trades right, be concern about what happens the other 1%. I will say most people trading on the market just have to lose. You have to find a pattern or identify a behaviour that securities exhibit on a consistent ...

Analyzing account with excellent win rate

That's why I always tell people you can't trade like a robot. That's why many fail, the desire to systematize stuff and do no work. Trading involves a lot of active thinking, every trading method should be used with alot of discretion. This comes ...

Twelve widely believed forex myths

Yeah I think using stop loss and take profits is a lot of bullshit. It implies that one is able to forecast and predict the market with fine accuracy. Both need to be flexible to allow for randomness. My stop loss and take profit are discretionary, ...

Twelve widely believed forex myths