To use chat, please login.
Back to contacts

Please help

Indorder
Mar 16 2018 at 13:47
13 príspevkov
mini and micro accounts are great to ease you way in to trading

Jimmblack (Jimmblack)
Apr 04 2018 at 05:54
23 príspevkov
I'm a scalper. Prefer to trade on New York or London sessions.

JacoAF (JacoAF)
Apr 04 2018 at 10:34
130 príspevkov
It's hard to give advice to new traders when you don't know what level of trading experience and trading knowledge they have. But I can tell you what worked or me 7 years ago.

Many new traders tend to trade the smaller time frames like 1 to 15 minutes, because that's where all the 'excitement' is. Problem is, if you don't know what you're doing trading these time-frames you usually try and take profits quickly and sit with losing trades far too long. That's what I struggled with in the beginning. Take profits way too soon and not get out of loosing trades quick enough.

Eventually I learned that I need to look for trade setups on the higher time-frames. 30 mins if I trade intra-day and 4-hour or daily for swing trading. Best advice, based on personal experience, is to look for trade setups in the direction of the longer time-frame trend (Daily and up) on the 1-hour or 4-hour charts, and look for these setups near key Daily support/resistance levels.

Patience is key on a micro account. Choose your trade setups carefully. Don't force trades.

Keep it simple, be disciplined, get rich slowly and above all protect your equity!
noyd8915
Apr 06 2018 at 12:02
2 príspevkov
noyd8915
Apr 06 2018 at 12:02
2 príspevkov
I like to look at price action myself. I look at the Forex market like a hug rubberband. Usually when price spikes in one direction it will retrace to the opposite direction at least 60%-70% on average. The hardest thing to do is wait fo those spikes.

BaldoN (BaldoN)
Apr 10 2018 at 14:17
522 príspevkov
noyd8915 posted:
I like to look at price action myself. I look at the Forex market like a hug rubberband. Usually when price spikes in one direction it will retrace to the opposite direction at least 60%-70% on average. The hardest thing to do is wait fo those spikes.


Another option is to use EA instead to wait for such spikes :).
If I am not mistaken there were a similar strategy 'power candle' if I am not mistaken.

fxsc1lper (fxsc1lper)
Apr 11 2018 at 13:48
348 príspevkov
to trade at correction , u need to be expert in all forex technical fields , but to trade in trend , any single thing can be enough :)

skype id millennium.analyst
Mohammadi
Jul 13 2018 at 11:46
875 príspevkov
According to me, the real trader is a trader who can predict the real faction of this market with certainly, only this capability can make anyone profitable, otherwise no chance to make money from here at all.

Pandapaws
Jul 15 2018 at 06:06
13 príspevkov
what do you mean by 'predict thte real faction'? Is that some special way the market moves?

Cappucinotrader
Jul 24 2018 at 12:04
10 príspevkov
BaldoN posted:
noyd8915 posted:
I like to look at price action myself. I look at the Forex market like a hug rubberband. Usually when price spikes in one direction it will retrace to the opposite direction at least 60%-70% on average. The hardest thing to do is wait fo those spikes.


Another option is to use EA instead to wait for such spikes :).
If I am not mistaken there were a similar strategy 'power candle' if I am not mistaken.


This strategy sounds interesting and 'do-able'. Would you buy an upwards spike or sell the upwards spike ?

Pre zaslanie komentára sa musíte najskôr prihlásiť.