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- 31 Results (2 Threads, 29 Replies)
- EG-Invest168 replied Apr 18, 2020
95% of the traders lose because they try to make trading a very complicated process. Find a strategy and a comfortable time frame, stick to it for 1 year. That's the holy grail. I also have 4 rules among many others: 1. Trade what you see, not what ...
Why do 95% of traders lose?
- EG-Invest168 replied Apr 18, 2020
If you're trading a larger time frame, then you can trade all the pairs. But if day trading, that is a recipe for disaster. To answer your question, yes I do trade a lot of pairs, but there are some that I also avoid because of the large volatility ...
Do you trade in all pairs that you have?
- EG-Invest168 replied Apr 18, 2020
I've been using the same strategy since 2015 and it still works just as good. There are some tweaks here and there, but I never changed anything significant.
Where is the holy grail?
- EG-Invest168 replied Apr 18, 2020
I started breaking even and making profits once I stopped jumping from one strategy and time frame to the next. Stick to trading one strategy on a specific time frame. It does wonders.
What helped you the most to be profitable?
- EG-Invest168 replied Apr 18, 2020
The Forex market doesn't necessarily trend more. It's just there are a lot of pairs to trade and there's always something "trending". As for your question, always look at the weekly charts and avoid trading the pair if it's ranging. It's easy to ...
Does the Market Trend More or Range More?
- EG-Invest168 replied Apr 18, 2020
I have been trading since 2009 and trading has been one of my many sources of income as I own other businesses. The question is could you make a living off of Forex trading? Definitely. But I guess the best way to make money in trading is to start ...
Living Off Fx
- EG-Invest168 replied Apr 18, 2020
I always make sure to have a checklist before I enter and exit a trade. The usual problems that I had when I was starting out is that I was trigger happy, that I always wanted to be in a trade. The moment I started my checklist, I realized that I ...
How do you learn to trust yourself in trading?
- EG-Invest168 replied Apr 14, 2020
I couldn't agree more. This also leads to profitability.
Consistency
- EG-Invest168 replied Apr 14, 2020
Pick one strategy and one time frame. Stick to it for one straight year. I've been trading since 2009 and I used to jump from one strategy and time frame to the next. Once I stuck to trading one strategy and one time frame ONLY for the whole year, ...
Where is the holy grail?
- EG-Invest168 replied Apr 14, 2020
I use a stop loss. I always set mine at fixed -45 pips, then move it to BE +3 once the trade goes against my favor and moves +50 pips. I just find stops to be really important given that my trade automatically gets closed once it reaches a certain ...
Do you use stoploss?