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Your most successful trade

jimmyneeesham
Feb 02 2021 at 13:27
40 posts
What was it and what did you do?
P.S. I didn’t ask how much because that’d be rude but you can tell me if you want to hehe.

Ericdier752
Feb 08 2021 at 06:21
59 posts
I haven’t had much luck with my trades and I’m trying to work hard and improve my trades.I’ve opened some demo accounts recently so let’s see where that goes. Any tips would be great, thanks!

Adamgylicrist
Feb 08 2021 at 10:38
38 posts
I don’t know if I can call it the ‘most successful’ trade but it was somewhat close so I can consider it a success. I made some decent returns on EUR/GBP and since the price moved in my favor, I call it a win-win.

Mikehussey
Feb 09 2021 at 04:20
58 posts
Ericdier752 posted:
I haven’t had much luck with my trades and I’m trying to work hard and improve my trades.I’ve opened some demo accounts recently so let’s see where that goes. Any tips would be great, thanks!

I think you should focus on the methodology and determine the entry and exit points carefully. Set a trading goal and do everything you can to achieve it. You can use some strategies, indicators and other tools as you go. Another thing is to be able to calculate your expectancy and this will help you figure out how reliable your system is and can be. Good luck.

Joz8
Feb 09 2021 at 05:16
104 posts
Adamgylicrist posted:
I don’t know if I can call it the ‘most successful’ trade but it was somewhat close so I can consider it a success. I made some decent returns on EUR/GBP and since the price moved in my favor, I call it a win-win.

Was it the biggest win you've made till date?

Ericdier752
Feb 09 2021 at 05:55
59 posts
Mikehussey posted:
Ericdier752 posted:
I haven’t had much luck with my trades and I’m trying to work hard and improve my trades.I’ve opened some demo accounts recently so let’s see where that goes. Any tips would be great, thanks!

I think you should focus on the methodology and determine the entry and exit points carefully. Set a trading goal and do everything you can to achieve it. You can use some strategies, indicators and other tools as you go. Another thing is to be able to calculate your expectancy and this will help you figure out how reliable your system is and can be. Good luck.

Thanks for the advice, I’ll try to get my head around this.

Martingupttil
Feb 10 2021 at 10:17
38 posts
Mikehussey posted:
Ericdier752 posted:
I haven’t had much luck with my trades and I’m trying to work hard and improve my trades.I’ve opened some demo accounts recently so let’s see where that goes. Any tips would be great, thanks!

I think you should focus on the methodology and determine the entry and exit points carefully. Set a trading goal and do everything you can to achieve it. You can use some strategies, indicators and other tools as you go. Another thing is to be able to calculate your expectancy and this will help you figure out how reliable your system is and can be. Good luck.

Add weekly analysis to this maybe. I usually study charts on the weekends when the markets close to follow any pattern or news update that might affect my trades. I mean that’s how I do it.

Adamgylicrist
Feb 10 2021 at 12:32
38 posts
Joz8 posted:
Adamgylicrist posted:
I don’t know if I can call it the ‘most successful’ trade but it was somewhat close so I can consider it a success. I made some decent returns on EUR/GBP and since the price moved in my favor, I call it a win-win.

Was it the biggest win you've made till date?

I can’t say this was the biggest win but yes, it was the most profitable return I’ve seen in a while. I’m glad I went with Ig and Fxview and got faster withdrawals on my trade.

Ericdier752
Feb 11 2021 at 05:49
59 posts
Martingupttil posted:
Mikehussey posted:
Ericdier752 posted:
I haven’t had much luck with my trades and I’m trying to work hard and improve my trades.I’ve opened some demo accounts recently so let’s see where that goes. Any tips would be great, thanks!

I think you should focus on the methodology and determine the entry and exit points carefully. Set a trading goal and do everything you can to achieve it. You can use some strategies, indicators and other tools as you go. Another thing is to be able to calculate your expectancy and this will help you figure out how reliable your system is and can be. Good luck.

Add weekly analysis to this maybe. I usually study charts on the weekends when the markets close to follow any pattern or news update that might affect my trades. I mean that’s how I do it.

Now this is some good addition to it. Thank you all for contributing. I’m taking notes and this will surely help me out.

mitchelstrack
Feb 11 2021 at 10:14
30 posts
I did try some strategies but there hasn’t been a consistency in profits. I think it takes a lot of time to get constant results in forex. Wondering if I should start with scalping for making fast returns. Thoughts?

Adamgylicrist
Feb 11 2021 at 12:26
38 posts
mitchelstrack posted:
I did try some strategies but there hasn’t been a consistency in profits. I think it takes a lot of time to get constant results in forex. Wondering if I should start with scalping for making fast returns. Thoughts?

Sure, you should always keep exploring new avenues and strategies for improving your results. Good luck.

jimmyneeesham
Feb 11 2021 at 13:15
40 posts
verahopkins posted:
My most successful trade has to be the one in which I made 24.3% profits. There has not been any other trade where I made such nice profits.

What currency?

AliaDare
Feb 11 2021 at 16:24
788 posts
First, you need to apply the trading mentality in the right way. Then you have to manage the discipline and plan and enter the trade.

Joz8
Feb 12 2021 at 07:44
104 posts
AliaDare posted:
First, you need to apply the trading mentality in the right way. Then you have to manage the discipline and plan and enter the trade.

That's right, following the right kind of plan and sequence is quite important if one wishes to succeed here.

Martingupttil
Feb 12 2021 at 10:29
38 posts
mitchelstrack posted:
I did try some strategies but there hasn’t been a consistency in profits. I think it takes a lot of time to get constant results in forex. Wondering if I should start with scalping for making fast returns. Thoughts?

Scalping didn’t really work for me and in my case, I don’t risk very high by using a higher leverage. I keep it as low as possible and trade. Scalping generally works for traders with more experience.

Bladiminmunro
Feb 15 2021 at 05:18
59 posts
One of the most profitable trades I’ve had is with EUR/USD and I believe I made a very good use of price action which happens to be my go-to strategy. Been working on taking up another one soon. Any broker suggestions would be great.

Adamgylicrist
Feb 15 2021 at 11:04
38 posts
Martingupttil posted:
mitchelstrack posted:
I did try some strategies but there hasn’t been a consistency in profits. I think it takes a lot of time to get constant results in forex. Wondering if I should start with scalping for making fast returns. Thoughts?

Scalping didn’t really work for me and in my case, I don’t risk very high by using a higher leverage. I keep it as low as possible and trade. Scalping generally works for traders with more experience.

If you don’t risk high, go with strategies that will work on reducing any risk. Try to calculate your risk tolerance and set your risk reward ratio to 1:2 minimum, good luck.

forextrader777
Feb 15 2021 at 12:15
128 posts
Till now, my most successful trade is the one in which I made 14.2% profit.
Hope, I will get to earn more profits soon.


Harshalgibbs
Feb 16 2021 at 04:08
54 posts
That is right Adam, and it is exactly how low risking traders should work. There’s no harm in wanting to trade safely.

Bela_fx
Feb 16 2021 at 08:20
34 posts
Harshalgibbs posted:
That is right Adam, and it is exactly how low risking traders should work. There’s no harm in wanting to trade safely.

Even my approach is also the same. I like to trade safely.

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