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Is learning forex from YouTube sufficient, or should you take a course?
in
Jauni treideri
Sep 08 at 15:01
Myfxbook -> systems -> Filter
3 Golden Steps to Profitability
in
Galvenais
Sep 07 at 05:22
You need only 3 steps to become profitable in trading:Learn the basics online for free.2. Learn from other profitable traders - only those who can show a long and verified track record. You can find them on Myfxbook.3. Come up with a strategy that shows consistent profitability in back tests.Congratulations! Now you are a profitable trader! 🙂
3 Mistakes That Nearly Wiped Out My Forex Account
in
Jauni treideri
Sep 06 at 10:44
It seems that you didn't even back test your strategy (if you even had one in the 1st place), so how do you know it will work in the long run?
XAUUSD Chart Analysis
in
Jauni treideri
Sep 06 at 10:42
I don't see a verified profitable account on your profile.Your signals don't work?
Does a perfect forex trading strategy truly exist?
in
Jauni treideri
Sep 06 at 10:34
The question is what perfect is. So it's meaningless to talk about it. But we can talk about the best forex strategy - the one that has the highest Recovery factor per unit of time. Such a strategy obviously does exist currently in the world, but we will never know it, because its owner will never disclose it. The goal of each trader is to develop their own best strategy that is proven by backtesting.
Is learning forex from YouTube sufficient, or should you take a course?
in
Jauni treideri
Sep 06 at 10:26
If you were a profitable trader, would you sell courses? Learn only from profitable traders whose verified track record you can see. Here on Myfxbook is the best place to start.
Best Timeframes and Strategies for Forex Scalping Trading?
in
Galvenais
Sep 05 at 21:03
Anything that works in backtests in and out-of-sample is good. But to reliably test a scalping strategy it needs to be real ticks and it should not trade during low liquidity times (slippage).
I need an investor
in
Galvenais
Sep 05 at 21:01
Where is your fully verified account on Myfxbook? I visited your profile. Nothing there.
Is Algorithmic Trading Really Better Than Manual Trading?
in
Galvenais
Sep 05 at 20:21
Why software can't replace your trading if it already replaced your analysis? It cannot click the "trade" button for you?
Is Algorithmic Trading Really Better Than Manual Trading?
in
Galvenais
Sep 05 at 20:20
First of all, any trading is algorithmic. You probably meant automatic trading. Yes, it is much better than manual trading. I have no tiny doubt.
Does anyone use EA/robot to trade ?
in
Galvenais
Sep 02 at 12:22
Inpressive! Is this a commercialy sold EA or one that you coded your self?
Does anyone use EA/robot to trade ?
in
Galvenais
Aug 30 at 13:52
Sure, I use my own EAs that run my strategies. I believe it is the best way to trade, because it makes reliable back testing possible. Frequent optimization and out-of-sample testing makes the reliability of a strategy so much higher.
Only 3 Steps to Become a Profitable Trader.
in
Galvenais
Aug 24 at 05:57
1. Learn the basics online for free.2. Learn from other profitable traders - only those who can show a long and verified track record. You can find them on Myfxbook (Forex and CFD), Collective2 (Futures), etc.3. Come up with a strategy that shows consistent profitability in back tests.Congratulations! Now you are a profitable trader!
Risk management vs. profit potential - how do you find the sweet spot?
in
Galvenais
Jun 06 at 12:21
No account on your profile to demonstrate how it really works...
5 Reasons You’ll Never Succeed Using HFT as a Retail Trader
in
Galvenais
Jun 05 at 18:06
I made 15,000% by HFT back in 2015-16 (have proof), but it stopped working for me after around the Brexit.
Risk management vs. profit potential - how do you find the sweet spot?
in
Galvenais
Jun 04 at 08:00
Besides, the rr = 1:2 rule is also a harmful myth. The only thing you should care about is recovery factor - rf, that you are able to reach in your back test. Rf - profit / max dd. The profit can be monthly or yearly. For example, if your max dd = 20% and yearly profit is 60%, then your rf = 3. It's considered amazing. As a beginner you'd probably think, "what?! It's not worth it". Ok, then work on making your reliable back test reach a better rf. But make sure your back test is reliable - only platforms with both bid and ask (like MT5). If it's scalping then only on ...
What are the main risks in Forex trading?
in
Galvenais
Jun 03 at 17:54
***and miscalculating your risk and adequate deposit.
What are the main risks in Forex trading?
in
Galvenais
Jun 03 at 17:53
The main risk is not having a profitable strategy (backtested and proven) and not miscalculating your risk and adequate deposit.Here is how the risk management works:First of all you need to assess what maximal drawdown (in money! not in %) will make you emotionally comfortable, so that you don't start closing positions only because being scared. Obviously this decision will depend on your perception of yourself and all your capital. It's very personal. For example, someone who has only $100k of funds and has no any other capital might feel that his max comfortable DD is 2k, while for ...
Risk management vs. profit potential - how do you find the sweet spot?
in
Galvenais
Jun 03 at 17:38
***but if you know that you will start closing your trades yourself when they reach dd of 1.1k or 1.2k so... It's all personal. After all, your goal is to be in control and feel comfortable. Otherwise mistakes and losses are inevitable.
Risk management vs. profit potential - how do you find the sweet spot?
in
Galvenais
Jun 03 at 17:35
Risking only 2% of what? The risk should be calculated from all your funds and not per one trade. This rule of 2% per trade is someone's old trolling that people take seriously for some reason. Risk management goes like this: first of all you need to assess what maximal drawdown (in money! not in %) will make you emotionally comfortable, so that you don't start closing positions only because being scared. Obviously this decision will depend on your perception of yourself and all your capital. It's very personal. For example, someone who has only $100k of funds and has no any other ...
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