Feb 11 at 12:26
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.
Feb 11 at 13:15
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?
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.
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.
Feb 12 at 10:29
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.
Feb 15 at 05:18
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.
Feb 15 at 11:04
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.
Feb 15 at 12:15
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.
Hope, I will get to earn more profits soon.
Feb 16 at 04:08
That is right Adam, and it is exactly how low risking traders should work. There’s no harm in wanting to trade safely.
