ThomasWill’ın Gönderileri| Myfxbook

Is learning forex from YouTube sufficient, or should you take a course? Yeni Traderlar içinde Sep 09 at 11:55

You can learn the basics from YouTube, no doubt. There’s plenty of good content out there, but it’s scattered and you’ll spend a lot of time piecing things together. Courses can give you structure, but most of them just repackage free stuff and throw in a price tag.What actually makes the difference is getting your hands dirty. Spend time on the charts, trade small, and keep a journal of every decision you make. That feedback loop is what teaches you, not some video or course.

3 Mistakes That Nearly Wiped Out My Forex Account Yeni Traderlar içinde Aug 26 at 11:34

The mistakes you listed are real — overleveraging, chasing, and bad R:R blow up more accounts than anything else. But I have to be honest, when someone immediately plugs a Telegram group it feels less like sharing experience and more like fishing for sign-ups.Traders can learn these lessons without needing another “free signals” channel. In the end, the best fix is proper risk control and journaling your trades, not relying on someone else’s setups.

How do you develop your personal strategy? Genel içinde Aug 06 at 11:49

I use ChatGPT mainly for journaling, but it’s turned out to be useful in a few other ways too. One thing I’ve been doing is giving it different market scenarios, and asking what common mistakes traders make in each. It’s helped me think through trades more clearly before I take them. Lately I’ve also used it to organize my personal trading playbook. I fed it my setups, rules, conditions, invalidation criteria, and asked it to lay it out cleanly. Ended up with a structured document that includes pre-trade checklists, journaling prompts, and a daily prep routine. It&rsquo...

How do you develop your personal strategy? Genel içinde Aug 05 at 09:39

Have you tried using ChatGPT as part of your trade journaling process? I’ve started using it to help review my trades and spot patterns or mistakes I might overlook. It’s really helpful as a tool, but I don’t rely on it completely, about 10% comes from ChatGPT, and 90% is my own analysis and judgment.

How do you develop your personal strategy? Genel içinde Aug 04 at 12:32

I’ve taken a more manual route myself. I started by journaling every trade obsessively, entry, exit, why I took it, what I felt, and over time, I started to notice patterns in what worked and what didn’t.Then eventually built a simple rule-based system using price action and support/resistance levels and tested it on demo for months, tweaked risk parameters, and only after seeing consistent behavior did I go live with small size at first.

Cent Account Yeni Traderlar içinde Jul 31 at 13:04

Trading212 might be worth a look. While not a cent account, they only require a $10 minimum deposit, are CySEC-regulated, and offer both US Tech 100 (NAS100) and multiple crypto assets, including Bitcoin. It could let you trade small and still get access to both markets, all under robust regulation.

How to Start CFD Trading? Any Tips for Beginners? Genel içinde Jul 30 at 12:37

I got into CFD trading by really focusing on just one market at a time instead of trying to trade everything right away. It’s tempting to jump into forex, indices, commodities, and stocks all at once since CFDs cover so much, but learning the rhythm of one instrument, like a specific forex pair or an index, makes a big difference. You start to understand how it reacts to news and where liquidity dries up, which helps you make smarter trades.As for platforms, I’d stick with brokers regulated where you live and definitely use their demo accounts to get some practice without risking r...

Retail traders don’t need indicators - they need to stop lying to themselves Genel içinde Jul 24 at 07:38

Most retail traders don’t fail because they’re using the wrong indicator. They fail because they don’t respect their own rules. Overtrading, poor risk management, and chasing setups out of boredom — that’s what really hurts performance.

CySec Genel içinde Jul 23 at 11:54

CySEC is not Tier-1. It’s what most people consider Tier-2. You still get EU-level protections like negative balance protection and segregated accounts but the oversight isn’t as tight as, say, the FCA in the UK or the CFTC in the US.Bear in mind that a lot of brokers base themselves in Cyprus because the rules are a bit more business-friendly, but that can be a double-edged sword. It’s not a red flag by itself, but I’d definitely still do my due diligence—especially with newer names.

How to start better my journey at trading? Yeni Traderlar içinde Jul 22 at 11:24

Agreed, but the funny thing is, every trader has to go through losses to really understand that truth. You can read about discipline and emotional control all day, but it’s only when your plan fails or a trade hits your stop loss that you’re forced to confront your own mindset. Losses are part of the tuition, they humble you, and if you reflect on them, they shape you into a more grounded, resilient trader.

How to start better my journey at trading? Yeni Traderlar içinde Jul 21 at 12:56

That’s right — make sure you’re trading with a legit, reliable broker. There are plenty out there, but it’s important to choose one regulated in your jurisdiction. Well-regulated brokers, like those in the UK or EU, are usually required by law to cap leverage at safer levels, often around 1:30, to help protect you from losing too much too fast. Negative balance protection is another key feature to look for, so you can’t lose more than your account balance. Essentially, trading with a legit broker gives you a fair shot at learning and growing without unnecessary ri...

Will meme coin follow BTC bullish movement? Kripto içinde Jul 17 at 12:41

Meme coins definitely tend to follow BTC’s overall sentiment, but with way more volatility and risk. When BTC was rallying nearly 60% from late 2024 to mid-2025, some memecoins ran up 3-5x that, but the flipside is that during BTC pullbacks of 10-15%, memecoins often dropped 30-50% or more.$SWOGE’s surge after the Bitget listing isn’t surprising — exchange listings usually bring hype-driven spikes that fade unless backed by real volume and interest.If BTC stays above its new ATH, meme coins can run hard, but they’ll also swing wildly. From my experience, these mov...

What are the main risks in Forex trading? Genel içinde Jul 17 at 12:34

All those risks you mentioned are legit, but what really helps day-to-day is keeping things simple.You can’t avoid market moves, so focus on sizing your trades properly and always use stops. Trying to predict every move just sets you up for trouble. Leverage isn’t bad by itself, just don’t use more than you’re comfortable losing. News events can be messy, so either avoid them or have a solid plan if you trade around them. Expect spreads to widen and some slippage. Make sure your broker is regulated and reliable, test withdrawals early so you don’t get caught out. ...

How to start better my journey at trading? Yeni Traderlar içinde Jul 17 at 12:23

The reality is that trading is can be brutal. It’s mentally and emotionally demanding, requires relentless discipline, and a level of dedication few other professions ask for. If you’re not prepared to commit 100%, manage stress, and constantly adapt, you’re better off walking away early. On a better note, with the right mindset, solid strategy, and patience, trading can also be incredibly rewarding — both financially and personally. It teaches you discipline, sharpens your decision-making, and gives you control over your financial future. But that only comes after putt...

About risk and fear: Yeni Traderlar içinde Jul 16 at 13:08

When it comes to risk and fear, two things have really helped me stay in the game.First, always respect your risk limits and use stop-loss orders. A lot of fear comes from not knowing how much you could lose. When I set strict risk controls on every trade and stick to my stop-losses, it takes a lot of the emotion—and surprise—out of trading. It’s about protecting your capital first and foremost.Second, focus on the process, not the outcome. I used to get way too caught up in whether a trade made or lost money, and that just made the fear worse. But when I shifted my mindset t...

How to start better my journey at trading? Yeni Traderlar içinde Jul 16 at 13:04

I’ve been where you are, thinking about making that big leap into trading. The fact that you want to start with clarity and purpose is already a huge advantage. From my experience, the smartest way to begin is by dedicating serious time to learning the fundamentals before risking any real money.Start with understanding how the markets work, key concepts like risk management, and how to read price action. Open a demo account early and treat it like real money—practice your strategies, get comfortable with the platform, and build discipline. Don’t rush into live trading until y...

How Do I Invest in Forex Trading? Genel içinde Jul 15 at 12:32

Let’s get one thing straight — forex trading isn’t investing like stocks or ETFs. You’re speculating on price moves, often using leverage, which means higher risk. It’s active trading, not a passive investment.First, pick a properly regulated broker — think FCA, ASIC, CFTC. Avoid flashy offshore brokers with questionable licenses; most trouble comes from there.Use a demo account, but treat it seriously. Learn how spreads widen during news and how execution really works. Don’t just click buttons hoping for luck.When going live, start small and manage ri...

About patience and waiting Yeni Traderlar içinde Jul 14 at 12:21

Honestly, patience is everything in forex trading. If you don’t wait for the right moments and let emotions take over, it quickly turns into gambling. It’s easy to get caught up and rush into trades just because the market looks tempting. The real challenge is having the self-control to stick to your plan and wait for clear setups. That’s what keeps you from making reckless moves that blow your account. Sometimes the best trade is no trade at all.One pro tip I swear by for building patience is to set strict entry rules and use alerts. Decide exactly what your trade setup need...

What is your expectation about monthly return at forex trading? Genel içinde Jul 11 at 12:10

I’ve learned to keep my expectations realistic. A monthly return of around 2% to 5% is a solid, achievable goal if you’re serious about staying in the game long-term. Here’s what I do to keep my returns realistic and consistent:I risk only 1–2% of my account on each trade to protect my capital.When a trade goes against me, I cut losses quickly instead of hoping it’ll turn around.I only take trades that fit my plan and avoid overtrading just to be active.I focus on compounding my profits by letting gains grow gradually over time.I regularly withdraw some profits to...

What are the main risks in Forex trading? Genel içinde Jul 10 at 13:23

Honestly, the risks in forex trading aren’t just about price moving against you. A lot of new traders forget that the biggest challenges often come from inside your own head. Things like fear, greed, and impatience can mess with your decisions way more than the market itself. Sometimes, when you get a few wins, you start feeling overconfident and take bigger risks than you should — and that usually ends badly. There’s also the tech side — platforms can freeze, internet can drop, and if you’re not careful, you might end up with orders you didn’t mean to place...

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