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Wilsonfx5
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Posts by
Wilsonfx5
Do Prop Firms Make Traders Better, or Just More Reckless?
in
Experienced Traders
Aug 26 at 11:47
Prop firms are everywhere right now — FTMO, MyForexFunds (RIP 😅), The Funded Trader, etc.For many traders, they’ve become the fastest way to access big capital without risking personal savings.But here’s the big debate I see:👉 Do prop firms actually make traders improve, or do they encourage reckless habits?Some points I’ve noticed:✅ Why They Can Be Good:Forces discipline (you can’t blow 5–10% drawdown rules).Gives access to larger capital for skilled traders.Creates structure and accountability.❌ Why They Can Be Risky:Challenge models push traders to gamb...
Is Fundamental Analysis Overrated in Forex?
in
Experienced Traders
Aug 26 at 11:45
I’ve been thinking about this a lot…When it comes to forex, traders seem split into two camps:1️⃣ The “technicals are everything” crowd → They believe the chart already reflects all fundamentals, so why waste time reading news reports?2️⃣ The “fundamentals move the market” crowd → They argue that interest rates, inflation, and central banks ultimately drive long-term price direction.But here’s the real question: How much weight should we actually give to fundamentals as traders?For example:Some traders don’t care about CPI or NFP at al...
3 Mistakes That Nearly Wiped Out My Forex Account
in
New Traders
Aug 26 at 08:21
When I first started trading, I thought all I needed was a good strategy. But the truth is, my biggest losses came from bad habits:1. Overleveraging – I kept increasing lot sizes just to recover losses.2. Chasing setups – If I missed a move, I jumped into the next candle without a plan.3. Ignoring risk/reward – I’d risk $100 to make $20, and it caught up with me.Once I fixed these, my trading slowly started improving. Which of these mistakes have you made too? Or do you have another one that almost killed your account?I actually share some of the safe setups and my pers...
Who Else Struggles With Psychology in Forex?
in
New Traders
Aug 24 at 05:58
I’ll be honest… my biggest enemy in trading hasn’t been the market—it’s been my own mind.Fear makes me close winning trades too early. Greed makes me hold losing trades hoping they’ll turn around. Impatience makes me enter setups that don’t even fit my rules.Over time, I realized psychology is 70% of trading, while the strategy is only 30%.Do you guys also struggle with fear or greed? How do you personally control it?To stay disciplined, I’ve built a system where I share my trade ideas and signals in real time inside a free Telegram group. If an...
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