MarcellusLux ' s Posts - lapu 10

What are the popular Techniques for Forex trading? in Galvenais Apr 21, 2022 at 10:47

I would focus on planned targeted trading. This approach involves creating a trading plan, with the calculation of possible scenarios and the expected profit. Of course, this approach is difficult to imagine in scalping, but it creates enough flexibility for mid-term trading, when your task is to fulfill the trading plan, regardless of the trade holding duration.

The future of Alternative Intelligence in trading in Galvenais Apr 21, 2022 at 10:37

I saw a similar discussion here and you just wrote the right thing, in my opinion. Artificial intelligence will be effective in mixed applications where there is human control and a robot is used to calculate probabilities, risks, stakes more accurately and faster...If we talk about Super AI, then I do not believe in its application in market conditions, in conditions that are created due to the human factor and decisions that are made by traders, not a computer. The market is interdependent, and full automation will lead to stabilization of processes and lack of liquidity.These are just my th...

LUX in Tirdzniecības sistēmas Apr 18, 2022 at 14:15

The link to my bio: https://www.myfxbook.com/members/MarcellusLux email just added so all questions are welcome there

Mind or Machine? What’s Better For Forex Trading? in Galvenais Apr 12, 2022 at 15:57

The market is, in some way, created and maintained by the human factor and events, which depend on our actions, expectations and reactions to them, as well as reactions after the event or during.The question that interests me is, is the reaction of market participants (after all, they are people) algorithmic or even more predictable?Comment on 'gut feeling'. I believe that any intuitive decision is in any case the result of the work of the mind and very often, its subconscious part.I am not afraid to say that the program or artificial intelligence, as its more developed form, is NOT de...

To shine in forex in Galvenais Apr 12, 2022 at 15:31

The main statement that I met most often is "you need to have a good strategy."OK. Let it be EA, and a "human assistant" will be somehow attached to it, who will be able to make changes in time according to market conditions. But even then, other factors will come into the first line. Psychology, management, planning, lack of experience and knowledge to understand when you can turn on your strategy, and when it is better to sleep an extra hour. So, in order to shine in forex, a trader must become a diamond, cut from all facets.

Trading success in Galvenais Apr 12, 2022 at 14:40

I have already written several times here and on my blog that working on mistakes, analyzing each loss by its components and remembering the reasons that led to losses is a clear and correct mechanism for improving the strategy. If you look at your losing trades and are not able to cope with emotions, then you should first deal with psychological problems, and then move on to problems in trading.

How to start forex trading? Read These Best Tips! in Galvenais Apr 07, 2022 at 17:38

There are a lot of words has been posted on the forum about what tips newbies should follow. But people didn't mentioned that trader needs to study the currency to trade and this is very good advice. It is important that the study of the features and specifics of the market acquires a new formulation. By studying the current economic situation of countries, currency features and macroeconomic news, a trader gains valuable knowledge about what has an impact on a currency pair, how it behaves during periods of impact on other assets, how these currencies are affected by the political situati...

Very tough business. in Galvenais Apr 06, 2022 at 14:06

If you correctly evaluate your desires and compare them with opportunities, then this is already an advantage over many traders.It is not at all necessary to suffer losses or go through the hell of anxiety and fear to gain important experience.There are several things that make forex trading a less aggressive environment and improve the results:Study yourself and your mistakes, you must know them all and remember to avoid them;Create a trading plan and aims;Keep a trading journal.

Basic mistake we make in Galvenais Apr 06, 2022 at 13:10

The mistakes that have already been discussed a million times and that are written in every book are not mistakes, these are neglect.

How much should you invest in trading in Galvenais Mar 10, 2022 at 13:58

As soon as you begin to regard trading as a business, all the answers will immediately become obvious.If you want to open a restaurant, you don't ask on the forum how much money you need. You build a business plan and, based on your desires, see how much money you need to open a coffee shop, and how much money you need to establish a chain of restaurants.With proper management, both projects will bring money and pay off. The difference is only in the rate of payback and in the amount of capital.Open a small hobby coffee shop and you will have happiness and some money to live on. Open a cha...

Can you borrow money from the bank to trade forex? in Galvenais Mar 10, 2022 at 13:05

You can take a loan only if the business plan assumes a 100% profit (minimum to cover the commission). This could be real estate, mining equipment, or goods to resale in a market where price fluctuation is minimal. Forex market does not have such stability as real estate market. Therefore, borrowing money to trade is a risky business plan.

LUX in Tirdzniecības sistēmas Mar 08, 2022 at 11:43

The two trades that I announced yesterday are closed, you can see in the report https://www.myfxbook.com/members/MarcellusLux/lux/8591067Now I have opened a Pound Yen sell and I will give a report after the close. Watch this trade also on myfxbookIt's only the beginning of the month and I'm going to hit my target of 10% in March. February was really successful with the result of 13.46%. By the way, the report for February is ready on the website

LUX in Tirdzniecības sistēmas Feb 18, 2022 at 10:05

Today I analyze the trade with the highest profitability in my account. It was made on February 10 on pound yen pair and reached to 75.5 points. This is not the highest number of points per trade in my account, but due to the lot, it was a record profit of $ 128,857.85.The MACD indicators on the 30 minute and hour charts showed a buy signal, while the general trend direction on the four hour chart was consistent with this data, but the MACD just started to cross the signal line. The position of the chart above the EMA 200 and 100 lines also indicated the continuation of the uptrend. I set my t...

Most people become unrealistic in Galvenais Jan 28, 2022 at 13:16

What the business is possible to establish with $10,000? But maybe it depends on the country financial condition... anyway, forex is the most accessible type of business. Just see, if you have $100, you can only buy some food for nice dinner, this is investing in your health. But if you have the same $100 on forex, you can trade with any instrument and buy/sell almost everything because of leverage and lot size. So if forex accept only 1:1 leverage, this will be closer to real business project with real profit ability.

1% risk in Galvenais Jan 20, 2022 at 15:24

The risk limit is just one aspect of a trading system. Only an integrated approach to trading can be successful in the long term. If your risk limit does not take into account your market analysis and trading history analysis, as well as news analysis and targets, then this limit will stifle your trading, no matter how lucky you are.

You need sound mind in Galvenais Jan 20, 2022 at 14:57

Trader needs to be a professional and the emotions that affect the mind during trading should be helpers, not destroyers.

Be productive in Galvenais Jan 20, 2022 at 14:43

Yes, you are very right. I don't understand why most people believe that in order to make money on forex we need a certain recipe for luck. This is not true argument and requires patience and hard work, as in other professions.

Mistakes. in Galvenais Jan 13, 2022 at 13:53

Practice is the right way, but you need to go through it with the correct trading system, the right psychology, and it is important to know that mistakes are just a pattern that is caused by the flaws in the trading system. It is also important to recognize that this is a general process and mistakes must be carefully analysed after the trading, which as important as what happens in the market.

Believes. in Galvenais Jan 13, 2022 at 13:47

Trader can do what seems to be right, even to trade from another room, not looking at the monitor. If it is profitable, then OK, do it.Because the problem of those who suffer losses is not that they make irreparable mistakes, but that these mistakes are caused by the absence of the correct trading plan and trading system.

When a trader is a newbie in Galvenais Jan 05, 2022 at 12:41

Mentality.In addition to practising and studying market theory, it is important to spend a lot of time to psychology and building the correct trader portrait. It is better to do this from the very beginning, because the necessary habits must be formed. If these habits are initially formed incorrectly, then later it will be impossible or very difficult to change them.

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