Good time to all successful traders ! I need help with my poor account , Somebody could tell me the strategy of micro lot 0.01 .
Thanks for the help !
Good day to you all, i have a similar request as silverrem, please assist
Thank you in advance
Thank you in advance
Hi guys, I'm afraid there is no best strategy that fits everyone's needs. Trading microlots is a wise approach if you are new to trading. But you will need to be very patient as you won't be earning a lot per trade. What is your style - intraday or swing?
A knight's tale!
There are already few similar threads where few successful traders have given their valuable advice how to become success trader. I will suggest to read the threads.
Artificial General Intelligence
Finding a good strategy depends on your abilities and your bank account. Also the conditions of trading with the broker matters. Giving more information can help others giving you their suggestions.
Accept the loss as experience
Dec 09 2016 at 09:36
plese look into my trading portfolio ' hitztrade ' , sound is good when we can discussion , i start trade with small lots 0.01 - 0.1
keep calm and discipline
Dec 09 2016 at 10:12
bheki40 posted:
Good day to you all, i have a similar request as silverrem, please assist
Thank you in advance
and how?
This user doesn't share any systems currently.
Dec 09 2016 at 10:18
bonobali posted:
plese look into my trading portfolio ' hitztrade ' , sound is good when we can discussion , i start trade with small lots 0.01 - 0.1
There is no portfolio, just 10 days old account. Results are good though.
Feb 24 2018 at 10:44
for newcomers Demo trading is really important , but mostly traders don’t believe the importance of this trading place at all , so it would be better if we use mini account instead of demo account.
To change your trading result, just change your thinking.
главное на демо не сидеть-мозги плавятся капитально)
mini and micro accounts are great to ease you way in to trading
I'm a scalper. Prefer to trade on New York or London sessions.
Apr 04 2018 at 10:34
It's hard to give advice to new traders when you don't know what level of trading experience and trading knowledge they have. But I can tell you what worked or me 7 years ago.
Many new traders tend to trade the smaller time frames like 1 to 15 minutes, because that's where all the 'excitement' is. Problem is, if you don't know what you're doing trading these time-frames you usually try and take profits quickly and sit with losing trades far too long. That's what I struggled with in the beginning. Take profits way too soon and not get out of loosing trades quick enough.
Eventually I learned that I need to look for trade setups on the higher time-frames. 30 mins if I trade intra-day and 4-hour or daily for swing trading. Best advice, based on personal experience, is to look for trade setups in the direction of the longer time-frame trend (Daily and up) on the 1-hour or 4-hour charts, and look for these setups near key Daily support/resistance levels.
Patience is key on a micro account. Choose your trade setups carefully. Don't force trades.
Many new traders tend to trade the smaller time frames like 1 to 15 minutes, because that's where all the 'excitement' is. Problem is, if you don't know what you're doing trading these time-frames you usually try and take profits quickly and sit with losing trades far too long. That's what I struggled with in the beginning. Take profits way too soon and not get out of loosing trades quick enough.
Eventually I learned that I need to look for trade setups on the higher time-frames. 30 mins if I trade intra-day and 4-hour or daily for swing trading. Best advice, based on personal experience, is to look for trade setups in the direction of the longer time-frame trend (Daily and up) on the 1-hour or 4-hour charts, and look for these setups near key Daily support/resistance levels.
Patience is key on a micro account. Choose your trade setups carefully. Don't force trades.
Keep it simple, be disciplined, get rich slowly and above all protect your equity!
I like to look at price action myself. I look at the Forex market like a hug rubberband. Usually when price spikes in one direction it will retrace to the opposite direction at least 60%-70% on average. The hardest thing to do is wait fo those spikes.
noyd8915 posted:
I like to look at price action myself. I look at the Forex market like a hug rubberband. Usually when price spikes in one direction it will retrace to the opposite direction at least 60%-70% on average. The hardest thing to do is wait fo those spikes.
Another option is to use EA instead to wait for such spikes :).
If I am not mistaken there were a similar strategy 'power candle' if I am not mistaken.
Apr 11 2018 at 13:48
to trade at correction , u need to be expert in all forex technical fields , but to trade in trend , any single thing can be enough :)
skype id millennium.analyst
According to me, the real trader is a trader who can predict the real faction of this market with certainly, only this capability can make anyone profitable, otherwise no chance to make money from here at all.
what do you mean by 'predict thte real faction'? Is that some special way the market moves?
Jul 24 2018 at 12:04
BaldoN posted:noyd8915 posted:
I like to look at price action myself. I look at the Forex market like a hug rubberband. Usually when price spikes in one direction it will retrace to the opposite direction at least 60%-70% on average. The hardest thing to do is wait fo those spikes.
Another option is to use EA instead to wait for such spikes :).
If I am not mistaken there were a similar strategy 'power candle' if I am not mistaken.
This strategy sounds interesting and 'do-able'. Would you buy an upwards spike or sell the upwards spike ?
