Take what's available, exit on others' greed...

Consistency Journal

Dovish Fed, $ hammered, EURUSD and USDCAD broke multi-week high/low; time to take profit. EURUSD, USDCAD and AUDUSD already off the table; USDJPY still in play.

Consistency Journal

As I said, I already have my own profitable method, thanks. And here is what I mean by 'consistency'. Good luck once again.

The daily strategy - the different point of view

Appreciate your honesty, and since you're still learning, good luck going forward. Consistency only starts once you stick to a method you can trust and know inside out, preferably one that you developed yourself. You will get there eventually.

The daily strategy - the different point of view

May I ask what you mean by 'a long while'? For me personally, a strategy can be said to be 'working' when there are stats showing at least 6 months of consistent account growth, month on month. Do you have any stats supporting your strategy? Please ...

The daily strategy - the different point of view

Four pairs in play this week so far: AUDUSD USDCAD USDJPY EURUSD Nothing too exciting yet as the market gets ready for tomorrow's FOMC. Still today, there may be some healthcare vote related headlines that might affect the $.

Consistency Journal

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Quote of the day - Trader’s oomph!

Thanks, FxLapozi. I have sincerely enjoyed that post!! But not to ignore the question... LOL I have learnt that there are many, many losers here, hidden behind their high impact membership. I have also learnt that there is no other way to make it in ...

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

My answer is lack of PERSISTENCE. No, not discipline or emotions. Trading is a demanding mistress. It needs PERSISTENCE to flourish. Most people undertaking trading are not mentally ready for what it takes to make it in this business. Consider time. ...

Why do 95% of traders lose?

It is a dead end for a newbie to focus on a single pair. Avoid that mistake. Currency moves are interrelated. When one is sold, another one is bought, and it doesn't have to be confined to a single pair. Study the majors vs the crosses vs ...

Which Pair to trade for a beginner

Ed Seykota is said to use 5% per trade... Your assumptions are your windows on the world. Scrub them off every once in a while, or the light won't come in. - Isaac Asimov

5% risk per trade?

From personal experience, 10k is just right to comfortably make 20% a month. However, do not expect to get there right from the start. First you need to gain experience (counted in years), find a method that suits your personality and perfect it ...

How Much Balance To Gain $2000 Monthly?