TradeWizards ' s Posts - lapu 2

How to make much profits in Galvenais Jan 04 at 05:05

The goal of trading in Forex is only short-term profit, and when you focus on a specific currency, this becomes easier and you master technical patterns and fundamental trends, and you will be more successful both psychologically and practically.But if the goal was long-term investment and holding, we should have made this range of goods and currencies a little wider

How to become emotionless in forex? in Galvenais Jan 02 at 14:36

Risk management is a very complex subject, contrary to everyone's imagination.It should be designed according to the volume of capital and currency you trade, the fundamental situation, and the type of strategy and trading pattern.The percentage of capital inflow in a trade should be adjusted to the total balance.Never see your trades separately.Use compensating patterns to control the growth trend of the balance.The risk to reward of each trade and the total trades should be examined.Policies and geopolitical trends, etc. are very important in the volume of trades and determining the long...

How to become emotionless in forex? in Galvenais Jan 01 at 07:35

The important thing is that you find a way to create a calm mind so that you can be your best self.Nobody is perfect, but they can be their best self.Fear and greed are both factors of failure. They are the result of a mind with scattered data. Any way you can find to invite it to silence and peace is right. Sometimes music and dance also work.I have been meditating for years. And it is not just for trading, it is effective for all aspects of life.Mark Douglas's books also offer good ideas.

How to become emotionless in forex? in Galvenais Jan 01 at 07:11

I spent a long time studying bots and signals, analyzing patterns and profit and loss factors, and used many of them and made good profits, but risk management was still necessary.I used to prepare a trading journal from them and researched their annual data.The most important factor in an algorithmized strategy is not the strategy itself, but the risk management model and the communication structure of each transaction.I have seen algorithms with 90% success that have been called margin during the crisis, but algorithms with 50-60% success that have never been called margin.It got a little co...

How to become emotionless in forex? in Galvenais Dec 30, 2024 at 12:20

It was very difficult to control the stress of losing and the excitement of winning, and I controlled myself by not trading and meditating. Later, I became friends with a person who was a programmer and together we started converting strategies into indicators and then into robots.It was hard work, but when you trade without stress, even small profits become pleasant.

How to become emotionless in forex? in Galvenais Dec 30, 2024 at 08:06

I have been trading forex for 10 years.For the first 5 years, I traded manually and controlled my trades using Mark Douglas books and risk management, which was a very difficult task. But it was effective.I have been a MQL programmer for 5 years now and I convert my strategies into algorithms, indicators and robots and I am much more comfortable.I have been selling my products on the MQL5 site for a year now.I am friendly to answer any question you have.

How to become emotionless in forex? in Galvenais Dec 28, 2024 at 08:02

I was doing manual trading for 5 years but now we are a team of MQL programmers and we only use algorithms and money management strategies.

How to become emotionless in forex? in Galvenais Dec 24, 2024 at 16:11

I have been trading for 10 years and like all traders I have tested many ways and lost a lot of money.But by reading the books "The Disciplined Trader" and "Trading in the Zone" by Mark Douglas and by frequent practice and creating personal discipline I was able to control myself.I have been a MQL5 programmer for 5 years now and use my strategies as Expert Advisors.If you have any questions, I will help you.

How to become emotionless in forex? in Galvenais Dec 24, 2024 at 06:46

You made good points, having a trading journal is very important.But it is important to note that there is a fundamental difference between a demo account and a real account. When you work with a demo account, your mind behaves differently than a real account, and emotions create havoc when dealing with real money, and a demo account is only useful for testing and reviewing strategies, not controlling emotions.So when entering a real account, trade for a relatively long time with minimal volume and with complete calmness so that your mind gets used to the profits and losses of real money.

How to become emotionless in forex? in Galvenais Dec 23, 2024 at 15:22

The first step is to set yourself some rules for emergencies before you start trading. Like stop loss etc.The second step is to stick to them and never open a new trade until you have completely recovered your emotions.Try to neutralize the emotional feelings of profit and loss before entering the next trade.

How to become emotionless in forex? in Galvenais Dec 22, 2024 at 09:11

There are several ways to control and override this:1- Creating conditions for emotional and psychological control.2- Test and practice for mastery and self-confidence so that fear and greed disappear.3- Use robots and algorithms instead of personal trading.4- use signals and experts.If you can't find a way to control your emotions when trading, you're doomed to fail in the long run.

The end of 2024. in Galvenais Dec 22, 2024 at 09:01

We hope your Christmas is loaded with fun, laughter, and some awesome financial wins. Let’s kick off the new year together with lots of good vibes and great profits!Cheers, The Trade Wizard Team

XAUUSD in Galvenais Dec 20, 2024 at 06:46

The probability of a long-term decline is very low due to geopolitical factors. These are just temporary shocks to investors.

Psychology in Jauni treideri Dec 20, 2024 at 06:25

It may not be believable for many, but I adhere to the discipline and practice of meditation very muchYou perform at your best when your mind is calm

Psychology in Jauni treideri Dec 17, 2024 at 14:39

You can read the books "Trading in the Zone" and "The Disciplined Trader" by Mark Douglas, it was very useful for me, if you follow it carefully, you will succeed.I hope you are profitable

Psychology in Jauni treideri Dec 17, 2024 at 14:30

I do very little manual trading. I have been using my own robots for about 5 yearsI am a programmer and I also sell some of my products on the MQL5 site

Psychology in Jauni treideri Dec 17, 2024 at 05:21

There are several ways to control and override this:1- Creating conditions for emotional and psychological control.2- Test and practice for mastery and self-confidence so that fear and greed disappear.3- Use robots and algorithms instead of personal trading.4- use signals and experts.If you can't find a way to control your emotions when trading, you're doomed to fail in the long run.

Psychology in Jauni treideri Dec 17, 2024 at 05:14

Creating a mental balance is very important for traders.But prevention is always better than getting into a crisis. If you have a crisis in a row, it will be difficult to mentally control it.

Stress, anxiety and motivation. in Galvenais Dec 11, 2024 at 07:08

I am a trader and MQL programmer and have been working in this field for 10 years.I am just telling my personal experienceThere are several ways:The hardest way is to control your mind and master risk management when problems arise. This is very difficult.The second way is to use risk and capital management tools that create alerts and forced stops on your account and performance. You set them before you start trading and in normal mode, not when you trade.The third way is to convert your strategy or a strong strategy into an Expert Advisor that only executes the strategy without emotion and ...

Psychology in Jauni treideri Dec 10, 2024 at 06:39

You're absolutely right.But there are tools to manage and control emotions, such as:1- Expert Advisors that just execute the strategy without emotion and have no human error, they just need to be chosen correctly2- Risk management panels that prevent you from taking positions beyond your financial means

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