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Marketmultitool
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Posts by
Marketmultitool
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Placing stop loss
in
General
Apr 18, 2021 at 10:58
Some pairs are more stable than others ,thats why its wise to trade 1 pair to begin with ,usually what we do is wait for large spikes placing stop loss instantly as spike happens,must be a larger spike than rest of the trend.Next 3 candles present themselves of possible direction,takes practice of reading the trend to place correct stops.
TO GAIN at least 5-10% a month, every month. IS THIS POSSIBLE?
in
New Traders
Apr 07, 2021 at 17:00
I'd aim for at least 3:1 trade otherwise its not worth doing ,ok sometimes you have to cut at break even if you see an obvious change in the pattern ,but most of my trades are 5:1 ,10:1 5-10% per month is easily possible.
First Base.
in
New Traders
Apr 07, 2021 at 16:41
How to deal with that old devil greed ,usually we are greedy because of revenge trading,trying to make back what we lost or convinced we are smarter than the market and we know best,know what is happening in the market but be ready to change your bias quickly ,mostly news is baked in . What is my mood today ?if your feeling crap dont trade there is always tomorrow"usually a better entry point".Set a limit of 3 trades per day max for manual trading .Most days 1 really good trade is my objective. Two losses in the same pair is telling you market is probably opposite to your biasHave s...
Placing stop loss
in
General
Feb 22, 2021 at 16:35
StopLoss is extremely important in forex trading especially if your a day Trader .Also you have to know how to manage risk if you want to be serious about your profession and if you want others to take you serious,I see some crazy risk management and none at all ,learn how forex orders are placed in the market ,typical chart can give you some clues for starters.Happy hunting.
Show your profitable account here.
in
General
Dec 31, 2020 at 16:52
I see the posts in this section have got worse since I left, always seek professional financial advice.
Show your profitable account here.
in
General
Dec 30, 2020 at 13:15
Sure is interesting ,your risk is off the charts.😁
Beginners Greed
in
General
Mar 12, 2020 at 01:29
Write out each trade TP,SL why you taking the trade ,max loss for the day ,best time ,events for the day,time between trades,do this for 25 trades to start with,this will force you to think instead of emotion ruling
Oil
in
Experienced Traders
Feb 29, 2020 at 13:53
Took a nice short from 50 break to 47 ,it's in sell off mode safer to pick the tops ,probably will see 40.
1% risk
in
General
Feb 17, 2020 at 16:48
Maybe I should start a thread about risk management 😉
Beginners Targets 2020.
in
New Traders
Feb 15, 2020 at 16:15
Yes there are many ,one is in eur/gbp it's not difficult to spot if you trade it regularly.
1% risk
in
General
Feb 14, 2020 at 18:56
Why would you risk anymore than 1% pre trade unless you are 100% sure something is going to pullback ,improve entry point is key here ,thats bs low risk does not stop mega profits ,most traders get out to soon for fear of making money and let losses destroy account ,upside down thinking.
$40 to $1000 Challenge
in
New Traders
Feb 11, 2020 at 21:30
Well done ,crazy risk though ,I guess when you start with 30 bucks it's not a big loss if it goes wrong.
$40 to $1000 Challenge
in
New Traders
Feb 05, 2020 at 12:47
Most EU accounts have a starting min of 100 unless its a cent account ,even 100 euro is difficult unless you got experience ,plus leverage is a factor for beginner accounts.
Beginners Targets 2020.
in
New Traders
Feb 04, 2020 at 13:41
Consistency is not necessary
Are there secret forex strategies in the forex market?
in
General
Feb 03, 2020 at 22:12
There are some signals you will notice if your trading certain pairs long enough that can help you ,sometimes they appear and sometimes they don't ,it's up to you to figure them out.People write the Algos not robotsBias creeps in behaviours repeats.
TO GAIN at least 5-10% a month, every month. IS THIS POSSIBLE?
in
New Traders
Feb 03, 2020 at 12:15
Very important to make a killing on those trades that stack odds in your favourRecovery is possible but it can be slow ,good lesson though on cutting losses quick.
What makes one a Professional Trader?
in
General
Feb 01, 2020 at 14:32
Cutting losses early and letting winning trades runKnowing when to increase lot size and when to use minimumMany more
Storm
in
Trading Systems
Jan 31, 2020 at 18:43
Keeping Drawdown to a minimum and maximising profits that's the name of the game ,get into good trading habits then you can improve other metrics ,apply the same to real account and you will be in the top %.
$40 to $1000 Challenge
in
New Traders
Jan 31, 2020 at 13:09
Pepperstone used to have a bonus starting account ,no deposit required I used to make nice profits on Binary scalping most I made in one day was 250 Euro ,broker rang me and asked how I did it lol ,had to close it before working in City.Fun times before all the regulations.
1% risk
in
General
Jan 30, 2020 at 11:07
Some use a mental stop loss but you need to be disciplined and sometimes spikes turn into major selloffs unless your really confident of the outcome.
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