Feb 16 2021 at 10:16
Bladiminmunro posted:
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.
I think you should go with a low commission broker that is willing to offer tight spreads. Do check how good the customer service is. Makes a lot of difference, if you ask me.
Feb 17 2021 at 04:02
Bladiminmunro posted:
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.
You can either stick with one broker that has everything you need or you can use different accounts and platforms. I remember starting out with some demos with CMC markets before shifting to their live account. Now, I have some additional accounts with XM, Alpari, Fxview, etc. but before each one of them, I first invested a few hundreds and after being thorough with their interface, increased my capital investment.
Feb 17 2021 at 12:47
Martingupttil posted:Bladiminmunro posted:
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.
I think you should go with a low commission broker that is willing to offer tight spreads. Do check how good the customer service is. Makes a lot of difference, if you ask me.
Oh yes, I got stuck with a broker who was very kind and helpful throughout the account opening procedure but had a terrible after-sales support team.
Feb 17 2021 at 12:51
Swing on USD/JPY for a 1:30 RR roughly .
Tight SL increases you RR but will close you out of other correct analyses
Tight SL increases you RR but will close you out of other correct analyses
Feb 18 2021 at 01:06
If you want to earn something good from trading, you must develop skills. If there is a deficit in skills development, it is never possible to earn something good from trading.
Feb 18 2021 at 04:07
Harshalgibbs posted:Bladiminmunro posted:
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.
You can either stick with one broker that has everything you need or you can use different accounts and platforms. I remember starting out with some demos with CMC markets before shifting to their live account. Now, I have some additional accounts with XM, Alpari, Fxview, etc. but before each one of them, I first invested a few hundreds and after being thorough with their interface, increased my capital investment.
I started out trading with 3 different brokers to try fish out the different platforms and test out my strategies. Guess what? I’m still trading with them after years and it works out pretty well.
Feb 18 2021 at 10:53
Adamgylicrist posted: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.
How long exactly does it take to get your money withdrawn from your broker? Mine took 7 days. Since it’s my first time withdrawing, I wanted to confirm the tenure.
Feb 18 2021 at 11:30
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.
Isn’t that the most difficult thing to do here? Be disciplined :)
Feb 18 2021 at 11:31
forextrader777 posted:
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.
Good luck to you mate!
Feb 18 2021 at 11:31
Jungle78 posted:
Swing on USD/JPY for a 1:30 RR roughly .
Tight SL increases you RR but will close you out of other correct analyses
You mean SL close to entry?
Feb 19 2021 at 04:56
@Lycineandrew if that’s how long your broker took to process the money, you need to re-consider trading with him. The whole transaction process will not take more than 24hrs. That’s been my experience with cmc markets and fxview. Even my ex-broker Alpari was good that way.
Feb 19 2021 at 08:01
Lycineandrew posted:Adamgylicrist posted: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.
How long exactly does it take to get your money withdrawn from your broker? Mine took 7 days. Since it’s my first time withdrawing, I wanted to confirm the tenure.
Except for wire transfers, bank and credit/debit card transfers usually take 24 hrs to be processed. 7 days is too long a time. Even if you asked for the withdrawal a day before the weekend, it shouldn’t have taken this long.
Feb 23 2021 at 04:59
In one of my trades, I made 10.4% profits, which is the highest that I have made. So, I would say that it is my most successful trade to date.
Feb 23 2021 at 10:42
Well, I am not sure in which context you are asking about the most successful trade. There are some trades that get you money and then there are some trades that get you skills that have the power of making you a consistently profitable trader.
Feb 24 2021 at 04:10
I am still waiting for a trade that I can call my most successful trade. I have made some decent returns in the past but I don’t consider any of them as my most successful trade. I am sure that I can do better and have recently started to trade with Fxview and XTB that put no restrictions on trading style. So I suppose now I’ll be in a better position to trade as per my market analysis. My most successful trade is yet to come and I will share it here in some time. :)
Feb 24 2021 at 06:00
inspirenez posted:
I am still waiting for a trade that I can call my most successful trade. I have made some decent returns in the past but I don’t consider any of them as my most successful trade. I am sure that I can do better and have recently started to trade with Fxview and XTB that put no restrictions on trading style. So I suppose now I’ll be in a better position to trade as per my market analysis. My most successful trade is yet to come and I will share it here in some time. :)
Good spirit! We must never stop learning and never feel satisfied with what we have achieved so far. There is so much that can be done and achieved in the market. I have recently started to make some profits but don’t have a trade that I can call my best.
Feb 24 2021 at 12:39
It’s good that you are aiming at improving every day. But you can always take motivation from your previous trades and try to do better in the future.
Feb 26 2021 at 09:46
It’s hard to mention just one trade. There have been trades that got me profits and there have also been trades that prepared me for my future trades with the losses I had to face. And I truly believe that a trade that makes you a better trader deserves to be known as your most successful trade. I know I am getting a bit philosophical and all here but that’s how I truly think :)
Feb 27 2021 at 12:07
In my last few trades, I have been making 15-20 pips on average. Before that, I was only making 1-2 pips. So, I think I can call these my best trades to date.
Mar 01 2021 at 02:25
Forex Risky Market. So if you want to control this risk, you must maintain a 1: 2 risk ratio. That way you can see success.
