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- JonathanHob replied Mar 11, 2018
Actually everyone's expectation is different. Understanding, knowledge and strategy are also different. Yes 10 to 20 pips per day can be good enough if you can consistently make it. And when your target is 10 pips daily you may be need to increase ...
Greed and how many pips is enough?
- JonathanHob replied Mar 9, 2018
Yes I know one person who is making good money over a few years. He is a long term trader. His trading strategies are mainly based on Divergence. But the most important quality of that person is his calm and relaxed attitude towards trading. He is ...
Has anyone become wealthy from forex?
- JonathanHob replied Mar 8, 2018
It all depends how expert you are to use them. Some only like price action. Some people like to trade with indicators. In both groups there are successful traders. I think that everything depends on your understanding and what you find easy to go ...
is it true
- JonathanHob replied Mar 6, 2018
Indicators will not help you. In trading everyone should have some rules. And you have to stick to those rules. Like there should have been a fixed risk reward ratio. It could be 1:1 or 1:2 according to your strategy. When you have risk reward ...
What Is Best Indicator For Getting OUT of Trade?
- JonathanHob replied Mar 5, 2018
Success doesn't come easily. First you need to understand what you need to get success in forex trading. You need know that forex is not a get a rich quick scheme. You need specific knowledge and skills. And for that knowledge and skills you need to ...
How did you find success?
- JonathanHob replied Mar 2, 2018
Thanks for your question. No I do not use any fixed stop loss. It depends on the charts. As I trade on D1 my minimum stop loss is 50 pips. There is no maximum limit. But I do maintain risk reward ratio. My risk reward ratio is 1:2. If stop loss is ...
Do you use stoploss?
- JonathanHob replied Mar 2, 2018
Yes in 1% risk, 10£ is the maximum stop loss. I use my own calculator that's I don't have any idea about Babypips calculator. Yes you are in right direction. For newbie higher time frame is very good. By the way I also trade on D1. But the problem ...
Stop losses, lot sizes and position sizing
- JonathanHob replied Feb 28, 2018
Looking for a strategy or EA that makes 2k per day from 40k is like looking for how to get doomed in forex quickly. On paper it is possible because of high leverage. But 5% a day is huge. It is extremely unrealistic. You need to know that forex is ...
Looking for profitable EA, 2k per day from 40k
- JonathanHob replied Feb 26, 2018
What you have asked is totally relative. Every trader has his own trading style and target. But the fact is a pro trader make enough money comparing to any other business. And yes 10k can be 20k after one year. The fact is pro traders focus on their ...
How much money can a seasoned semi-pro make with trading on Forex?
- JonathanHob replied Feb 23, 2018
The Disciplined Trader is a classic book on trading psychology. It will help you to develop winning trading attitudes. It describes the nature of thoughts, beliefs and emotions are involved in trading. It helped me to develop my trading psychology.
from 1k$ to 20$ per day
- JonathanHob replied Feb 21, 2018
You have become desperate. Right now trading is harmful for you. Don't lose your rest 1k$. Be calm and relaxed. I would suggest you to read The Disciplined Trader by Mark Douglas. For consistent profit you need your own customized trading strategy. ...
from 1k$ to 20$ per day
- JonathanHob replied Feb 19, 2018
Yes I use stop loss. I am a long term trader. I usually hold my trade from 4 days to few weeks. I get very few entries as I trade on D1. Very rear I see charts below D1. I like set and forget. I set my stop loss and take profit. Stop loss is the ...
Do you use stoploss?
- JonathanHob replied Feb 18, 2018
It seems that you totally ignore the concept of risk management. No matter how big your investment how good your strategy, if you do not have any risk management plan, you are bound to lose your money today or tomorrow. Exactly this happened with ...
Lost $4.2k in 1 week
- JonathanHob replied Feb 16, 2018
Nothing wrong with that as long as you are making money. If you have good risk management policy, it is ok for chasing few pips. Trading is all about what works for you. Ask yourself are you doing this out of greed or it is your strength. If it is ...
Chasing few pips and intraday scalping
- JonathanHob replied Feb 16, 2018
Yes trading without stop loss is possible. I know a trader who trade without stop loss. It is all about how you manage your risk. That person's maximum lot is .01 for 1000$. He also have proven long term strategy. Sometimes he has to wait for a long ...
Trading without stop-losses
- JonathanHob replied Feb 14, 2018
You have already given the answer of your question. The quote you mentioned from Al Brooke says everything. He said for obtaining a professional degree you have to go college for years. Then in some professions you need to do internship. But when it ...
Is trading really that hard?
- JonathanHob replied Feb 13, 2018
I do not think there is any. Robot or EA is made by people who have coding skills. Based on a given strategy they create the EA or Robot. It works for a certain time if all the instructions is followed. In trading mind is also a big part. Good ...
What's the best ea to use