Personally, I know few traders who left their trading career because of making tons of money from the Crypto market! Personally, I think trading & investing is not the same occupation! There have so many traders who are using the Crypto Pairs as ...

Are bitcoin owners making a crypto-exit?

Actually, there is no certainty; so aiming a fixed target would be impossible! Sometimes, Forex market is very volatile but you can’t expect the same volatility in everyday! So, how can we have a fixed target when we have no idea on market’s nature? ...

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

Well said, actually Forex is a serious business! Actually, there is no way to make consistent money with an ordinary concentration level!

Do you guys trade better when you are drunk?

Do You avoid the support/resultant levels in your Trading? Technical facts are not stupid!

Help wanted for best entries

1:1 is risky; but what’s the winning ratio of your trading system? If you have 70%+ winning ratios; then 1:1 should be okay!

Help with TP and SL ratio and how much

Actually, it takes such a long time to learn Forex! 2 Years is a long time; did you use these 2 years in demo? By the way, for me- the first year was so challenging! I came here with a wrong mindset; I though it’s an easy job to make money! Then I ...

When Should You Give Up On Trading?

I’m also bullish on EURUSD trading pair; your M1 chart showing the strength of the bullishness! Although, I have different parameters to judge the strength of the market trend!

Going for it

Are you talking about any specific strategy or system? Then surely YES! Basically, in Forex you can’t rely on any specific formula! Besides, the Forex market was too volatile before 7-8 years; and now it’s relatively less volatile!

Forex markets seems to have changed

Well; I don’t know the exact result of this colorful indicator based trading system! But I’m sure, this type of trading systems are meaningless in a long run! Traders need to learn chart reading skill, instead pf depending this kind of tool based ...

Post a profitable strategy

Well, that’s why I count the Support/resistant levels so seriously! Usually, I use the Daily trading chart to identify the market trend, since it gives me such a clear view! When I see market move breaks an important support/resistant levels to ...

Determine the trend on a timeframe

To be very honest, personally I don’t prefer the crypto trading pairs for the scalping trading! Because crypto pairs are too volatile and you can’t use the tight SL on this kind of trading pair! On the other hand, you need to use the tight SL when ...

Daytrading/Scalping in Crypto markets

Well, according to my own trading experience, there is no issue on following any specific market trend; but don’t try to marry any specific trend! In our trading, we would count the strength of the counter trend movements! It’s all about the supply ...

(binned per thread starter’s request) Trading with the Blues?

I got your point, but one year expense is not an available potion to all! I think, traders need to take this decision based on their real trading performance, if they are consistent enough from a long period of time, then they can go for it! But, as ...

Should I become a full-time Forex trader?

You are doing such an amazing job MichaelSch! But I really surprised to see, you opened this informational thread on Rookie Talk! Why bro? By the way, I’m really enjoying your analysis, particularly the technical investigation part; keep it up bro!

The real Basics - how to start and how avoid the traps

In my trading, I don’t take such a long break, because I always follow the process instead on my individual trading result! So, when I face any SL, it doesn’t break my trading concentration! Besides, I follow money management properly, so a SL can’t ...

How did you make your comeback??

I think, which traders are unable to concentrate on their demo practice; then they should go for the cent type account! Basically, in demo the capital is all about the virtual money, that’s why a number of new traders can’t concentrate here! But in ...

Why should I trade on a cent account?

Absolutely, controlling own emotions during the running trade position is sop challenging! That’s why we traders need to work with SL and TP! On the other hand, money management is another important consideration!

Do you use stoploss?

5% monthly means, yearly 60% profit! It’s really an impressive amount! Personally I think, anything more than 10% (yearly basis) is acceptable! And honestly, it’s not easy to make consistent money in Forex! Only good skilled Forex traders are able ...

long term trader who are in total profit?

I guess, increasing the trading balance into 2X is the best option! And the risk ratio is double, it’s not 4X, so when you are opening a trade with double trading lot size then your risk reward percentage is double here! By the way, according to my ...

How to double lot size correctly