Stop loss is important because most of the times when you feel that you haven’t lost much, you don’t consider how difficult it is to recover the drawdown. The Forex market has the tendency to react violently to any economic news, and if you do not ...

Do you use stoploss?

It’s not that easy to identify exhaustion. I enter and exit when I believe that the price has moved quite far in one direction and it can reverse its position anytime soon.

Do you look for or trade exhaustion?

Can check out coinexx for low spreads.

Brokers for Canadians?

A newbie should concentrate on building a strong foundation by learning and practicing before thinking of making money. Once you’ve sharpened your skills you’ll definitely make money, but many traders rush towards starting on a live account which ...

New to forum

There’s no better tutor than your own experience. The lessons learnt from mistakes are easily remembered but I do agree that the lessons which have cost you your hard earned money aches badly. Therefore, you should spend a substantial time on demo ...

Trading Schools

No one can answer such questions for anyone and you shouldn’t let anyone do so. It’s a personal choice and only you know your circumstances. If you think you are making consistent profits and can easily pay your bills off through the earnings from ...

Should I become a full-time Forex trader?

Work on your psychology as much as you work on other aspects of trading. No matter how well you know the right way to trade properly, emotions can still be a hindrance in your way to implement that knowledge. You will feel yourself frozen when you ...

Any Advice for a Beginner?

Motivation is like food, you need it every day. One time motivation which got you started on the path of forex trading is not enough to get you through it. You need to remind yourself why you started, what your goal is, do you still want to achieve ...

How do you newbies not lose your motivation?

Capital guarantees can pose many restrictions such as on potential returns and liquidity. The fees are also higher making it suitable for long-term investments, instead of traders or even position traders.

do capital guarantees exist in forex?

Order flow analysis can be pretty useful. It’s great when you can access the trading volume data and with the information about the number of traders selling or buying a currency pair you can make your personal decision. I so wanted to apply order ...

How to flow with the order flow?

If you are talking about break-even on each trade separately, I don't think it’s necessary that every trader goes through that phase. However it is possible that on a few consecutive trades your overall profits and losses are equal. I think it’s a ...

Break-even phase before becoming profitable?

Did you try using the Camarilla range pivot point strategy? As the price remains within a range all day, it works great when the market volatility is low.

Pivot point strategy

Beginners are often too curious to make money that they don’t spend enough time studying and grasping the basic skills. They don’t even have any self-control and keep opening positions even when they shouldn’t. In the rage of making huge profits, ...

Avoid this Rookie mistake

I think most of the time when we think that our win or loss was just a random event just like flipping a coin, there’s more beneath it which we fail to see. It’s right that there’s no successful system that’s why most successful traders are manual ...

has anyone EVER seen a successful trader/trading system?

I think it’s good to put only a small amount into each trade in scalping, because this is a strategy where we are fighting for small wins. It’s okay to risk less and gain as little as 5-10pips each trade. Also,how many trades you should take in a ...

A very precise question on money, pips and Scalping

Forex is a dynamic market and the scenario which makes the prices move is demand and supply. I think it’s the imbalance between demand and supply which moves the market. When the price goes up, this simply means that more buyers are willing to buy ...

Order Flow - Achieving the mindset

It’s easy to believe that you’ve a very good understanding of the forex market when you complete your detailed study. However, the real test to learning is when you apply your knowledge to the real market. I’ve been through the same situation when ...

Psychology

I think most of the traders fail to recognize that indicators or any other trading tool is like a helping hand. We can’t rely on one system to yield us positive results. If there were one system with a high expectancy rate, our quest to find a ...

It's Unreliable

Not a lazy way, maybe a smart way. Trailing stops are best to lock in profits preferably because they don’t move back in the other direction.

Pivot point strategy

Using too many indicators confuses me as well. That’s why I was looking for suggestions here as to which indicator works well when combined with pivot point strategy.

Pivot point strategy