Forex Trading Profile of derrik_56 | Myfxbook

derrik_56

Joined Nov 28, 2022

Posts: 21

Connections: 0

Experience: No Experience

Profile

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Systems by derrik_56

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Recent Posts

Book to read

My fellows here have recommended various books, however I would recommend that you start watching YouTube videos for a better grasp of forex.

1374

Jan 05, 2024 at 06:08

market power

Agreed, respect the market's power—it's a big deal. Smart traders, even the experienced ones, pay attention to its signals.

485

Nov 29, 2023 at 10:41

Lot Size

Nice work on the 4% gain! If purchases aren't scaling, adjust position sizing settings that match your risk-to-reward range. Another reason might be marked-up spreads. You can reach out to your broker's website if they have raw spreads or marked up. Or check out options like fxview, and ic ...

611

Nov 29, 2023 at 10:38

Stress, anxiety and motivation.

I handle trading stress with deep breathing. My main motivation? I love the challenge and learning of mastering financial markets.

2641

Nov 29, 2023 at 10:35

Be smart and cautious

Being smart and cautious while trading is key to success in the forex market. Here are some tips to help you trade wisely and safely:-Educate yourself about forex trading.-Develop a trading plan before you start trading.-It's important to manage your risk carefully.-Stick to your trading plan an...

565

Mar 03, 2023 at 06:32

derrik_56's Reviews

Brokers

The broker is good for me - crypto trading, tight spreads, low commission, and instant deposits. Overall an ideal forex broker for me.

Dec 01, 2022 at 07:23

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HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment. Do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions. Any data and information is provided 'as is' solely for informational purposes, and is not intended for trading purposes or advice. Past performance is not indicative of future results.

EURUSD	1.17183	GBPUSD	1.36105	AUDUSD	0.65005
USDJPY	146.101	USDCAD	1.3668	USDCHF	0.7983

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