forexcyborg posted:hi forexcyborg i have an issue with my ea it apperas in trading status waiting for the trade timeframe but im already in 15 min chart and dont start trading what can i doMohammadi posted:
I have seen mostly brokers don’t allow scalping in their trading platforms. So we the traders who are particularly scalpers have to choose our broker carefully. First of all we have to ensure brokers trading spreads , actually without lowest trading spreads that’s not possible at all to make profit with certainly in spite of having good trading knowledge .
Only MM (=Market Makers) broker would not allow scalping. Better avoid such brokers and search for real A-Book brokers with low trading costs.
I think most of the traders fail because of their wrong choice of brokers. Though you have a lot of knowledge about forex, a wrong broker can put you in danger. I am trading for a long time. In the very beginning, I faced so many problems to choose my broker. I was searching for an advisor who can suggest me a good broker.
As a beginer, you do not need to have much capital in your trading account yet. Even if you have a lot, never trade with all your capital at once. Learn as much as possible about risk management, and do not risk a high percentage of your trading capital at any given time
The whole secret is only to remember your preferences and stick to your strategy even when you really want to sin and break all the rules. It seems to me that the accuracy and literacy of the work can ensure a positive result - everything else.... is just luck...
Yozuru posted:
The whole secret is only to remember your preferences and stick to your strategy even when you really want to sin and break all the rules. It seems to me that the accuracy and literacy of the work can ensure a positive result - everything else.... is just luck...
just find a way to control your mind, especially greedy mind.
Mar 09 2020 at 23:44
Forex is 20% strategy and 80% mind set. Risk management and risk/reward is key!
if you are a newcomer , i request dont skip anything ,
is all important for you to bring good experience as a newbie. so, focus on there with regular practice.
is all important for you to bring good experience as a newbie. so, focus on there with regular practice.
Research broker, open a demo account, understand commissions and spreads, understand various levels of accounts, create a basic trading plan, develop an exit strategy, determine your risk tolerance and protect yourself.
as a beginner, which broker is comfortable for you , its depends on your trading conditions , if love doing scalping should choose the broker which allows trading concept such as this.
beginners lost discipline when they fall a great loss,
in that time they always try to recover all losses by over trading. its just a part of immature attitude.
in that time they always try to recover all losses by over trading. its just a part of immature attitude.
New Forex traders should concentrate on only demo, I mean learning! Without proper trading knowledge, it’s quite impossible to be a good performer!
for beginners Practice is important; I see new traders judge their trading system too early; it is another reason behind this popular statistic!
Demo is good but learning from demo alone wont help, trade less in live. Start Building strategies as well.
for any traders Money Management is important; you have to make sure your base line; I am talking about the trading strategy here! Fixed & keen trading system is the key.
Mar 22 2020 at 23:45
Using a good profit to loss ratio (2:1, 3:1, 4:1) helps you to get an edge on winning long term. Even if you have a strategy that brings you a 50% win rate you will still be in profit long term.
Start low; patience and practicality is the key.
Cizel89 posted:
Start low; patience and practicality is the key.
That's a really good advice; short and accurate.
as a beginner if any newcomers dont use stop loss, of course he will fall a great loss , because without stop loss it looks a condition , a ship in an ocean without a rudder. so its your choice , take it or leave it.
I feel the same way about newbies. A lot of them come to the forum and they're like, 'Oh, how do you do stuff here, give me some advice!' And you don't even know what to write back to this question. Yes, when they ask some general questions, that's great. When they ask questions like 'What leverage do I have to choose' or 'How much money do I deposit', it's just something... It's like they don't understand that there are more personalized questions, that more difficult to answer without knowing the information about the trader himself.
May 02 2020 at 04:23
Poolut posted:
I feel the same way about newbies. A lot of them come to the forum and they're like, 'Oh, how do you do stuff here, give me some advice!' And you don't even know what to write back to this question. Yes, when they ask some general questions, that's great. When they ask questions like 'What leverage do I have to choose' or 'How much money do I deposit', it's just something... It's like they don't understand that there are more personalized questions, that more difficult to answer without knowing the information about the trader himself.
I think despite these questions...we can try to help them out..It is not we are being forced to do so...if you do not want to answer, you can ignore it...atleast that's how i see it.
