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Stop Loss and Take Profit

By LovelyGirl1978 May 27 at 17:21

The club’s idea to lose 1% but only make 0.1% means you have to win almost every trade to make money - that’s really hard. I set stop loss where the market shows it makes sense like just below a support level or a bit beyond recent price move. I try to make profit at 1.5 to 2 times what I risk. So if I risk 1%, I aim to make 1.5% or 2%.

1 Replies 78 Views

Last post by Janice__ May 28 at 12:48

Understanding Drawdown

By AtlanticQuant May 21 at 03:49

Good to see a conversation about the Drawdown. To me, it has even more importance than the profit.Can you explain what the Drawdown metric in the stats panel (top left corner) of a Myfxbook track record actually represents? I'm looking at some track records showing a 20% drawdown, but when I check the drawdown chart, I don’t see any signi...

2 Replies 157 Views

Last post by AlgoTradingSpace May 28 at 09:00

About technical indicators

By THPX55 May 25 at 07:23

When I started, I wanted to use every indicator I could find, but it just made things messy. Sticking to MACD helped me focus and understand how they actually work.

2 Replies 116 Views

Last post by Alyssa__ May 27 at 13:21

About full-time trading

By THPX55 May 27 at 07:04

Don't quit your job to trade easily! First use your spare time to make stable profits for two years, and then consider working full-time. The premise of freelancing is “occupation”, not “freedom”.

0 Replies 74 Views

Last post by THPX55 May 27 at 07:04

Rebate with forex loss and come out from bad situation

By AtiqulIslam May 25 at 09:23

Hi, I've been a forex trader now 12 years. In short sentence I can say every trader first time make loss a lot before becoming a good trader. I had same during the start because it is a risky business. However, everyone can't manage risk properly. I meet online with a tons of trader who lost huge and breakdown their lives and life. The mome...

0 Replies 92 Views

Last post by AtiqulIslam May 25 at 09:23

About covering positions

By THPX55 May 22 at 06:24

Are you in a hurry to cover your position to dilute the cost after a 10% drop? Be careful when going from shallow to deep. Don’t add to a losing order. This is a lesson learned the hard way.

0 Replies 61 Views

Last post by THPX55 May 22 at 06:24

The Truth About Trading

By AtlanticQuant May 20 at 07:09

Absolutely agree with you! 🎯 Chasing a high win rate often blinds traders to the bigger picture—managing risk and preserving capital. Discipline and emotional control are the true pillars of long-term success. Consistency over perfection is what builds sustainable growth. How do you usually approach position sizing to keep your drawdowns in ...

2 Replies 91 Views

Last post by AtlanticQuant May 20 at 18:41

About cost

By THPX55 May 20 at 06:41

Transaction fees and spreads are invisible thieves. Frequent trading is like inviting thieves in. Those who cannot calculate the costs are just working for the platform no matter how much they earn.

0 Replies 78 Views

Last post by THPX55 May 20 at 06:41

Trading Isn’t Just About Charts – It’s About You

By amitradex May 19 at 04:37

I have been so focused on learning indicators and patterns that I didn’t realize how much my emotions and mindset were driving my decisions. Overtrading is something I struggle with a lot. Understanding my own risk tolerance and staying disciplined sounds like the foundation I need to build before anything else.

1 Replies 79 Views

Last post by Alyssa__ May 19 at 13:03

About rest

By THPX55 May 19 at 05:42

Turn off your computer after suffering three consecutive losses. The market will not miss a once-in-a-century opportunity just because you are taking a break - but your account may be reduced to zero because of your stubborn attitude.

0 Replies 81 Views

Last post by THPX55 May 19 at 05:42

About the message

By THPX55 May 18 at 06:52

Only follow the news to buy highs and sell lows, and you will always be half a step behind. Formulating a strategy in advance is ten times more reliable than listening to news at the last minute.

0 Replies 69 Views

Last post by THPX55 May 18 at 06:52

Trader Tip: Understanding How Algorithms Benefit Trading

By King_Aghedo May 17 at 13:12

Algorithms play a crucial role in trading by offering several key advantages:1. **Objective Decision-Making:** Data-driven algorithms help minimize emotional biases, leading to more consistent and rational trading decisions.2. **Enhanced Risk Management:** Back tested strategies enable the identification and mitigation of potential risks, ensuring ...

0 Replies 72 Views

Last post by King_Aghedo May 17 at 13:12

About departure

By THPX55 May 17 at 08:17

Don’t rush to use real money to trial and error. Practice with simulated trading for three months before entering the market. The market is always open, but your capital will not be infinitely replenished.

0 Replies 64 Views

Last post by THPX55 May 17 at 08:17

What’s Your Go-To Strategy When Major News Hits the Market?

By Kgrueg May 07 at 12:43

When big news comes out, I usually either stay out of the market or trade very small positions. The price can move fast and the market can get unpredictable, so I use tight stops to protect myself. It’s better to be safe and patient than to rush and lose money.

1 Replies 91 Views

Last post by Janice__ May 16 at 13:48

About the speed of light

By THPX55 May 14 at 06:52

High-frequency traders pursue the speed of light, but forget that the transmission delay of human nerve signals is 0.1 seconds - it is not the machine that wins, but the restraint of pressing the pause button 0.2 seconds in advance.

0 Replies 51 Views

Last post by THPX55 May 14 at 06:52

About uncertainty

By THPX55 May 13 at 06:07

The forex market is like the quantum world: the act of observation itself affects the outcome. When you press the "buy" button, it is no longer the original version of the universe that decided to buy.

0 Replies 60 Views

Last post by THPX55 May 13 at 06:07

About dimensions

By THPX55 May 12 at 05:39

People who are trapped in the two-dimensional candlestick chart will never understand the three-dimensional chess game of the central bank. The real dimensionality reduction attack is to look at the fluctuations in the 5-minute chart from a geopolitical perspective.

0 Replies 65 Views

Last post by THPX55 May 12 at 05:39

What methods can be used to measure liquidity in the foreign exchange market?

By smartfxbrokers Apr 22 at 08:49

This very understandable

1 Replies 143 Views

Last post by PlacideTshimanga May 11 at 09:55

About entropy increase

By THPX55 May 11 at 06:45

Disorder is the instinct of the market, and profit is local anti-entropy - successful traders are misers of "cognitive energy" and only take action at the moment of highest certainty.

0 Replies 33 Views

Last post by THPX55 May 11 at 06:45

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