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how do i spot volatility on charts without using indicators?
Replied 11 hours ago -
Sometimes you just need to look at the spread on the instrument you are trading, if you notice your broker has increased/widened the spread, it means they know something you dont; theres probably incoming volatiility.
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In the forex market, fear has many faces
Replied 20 hours ago -
Fear of losing profits, I had to battle with that one for one year 😂
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No position is still a position
Replied 1 day ago -
Welll said! But this is easier said than done, the urge to trade always wins lol
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The smaller the candles, the bigger the lot size
Replied 1 day ago -
Small or short looking candles are a sign of low volatility most times it is when the market is expecting a news release that you see short candles forming everywhere. For me i would not trade when I see short candles all over the place, but I agree with you- trading a bigger lot size will mean even with the short candles you can still make good money as price moves.
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Why I stopped taking small winners
Replied 2 days ago -
Nothing hurts more than exiting with 5 pip profit, only for the price to fall another 20 to 30 pips after you exit. That pain is worse than losing, I try to avoid it by letting my winners run till i see good evidence that the price is reversing.
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if i get stopped out of a trade, should i jump in again?
Replied 5 days ago -
I always place my stop loss very far away and if by some miracle the price manages to reach it and trigger it then I wount trade again.
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can i open more than one trading account with a broker?
Replied 6 days ago -
Precisely! Some brokers like Exness allow you open as many as 50 accounts
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will i get a refund if price gaps over my stop loss?
Replied 6 days ago -
Nice question, I am interested in knowing the answer too!!!
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what is the minimum lot size for a cent account?
Replied 1 week ago -
0.01 is the minimum lot size. The cent account is designed so you dont trade more than 0.01 lot
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How much does it require to earn more profit
Replied 3 weeks ago -
100k USD? The answer to your question depends on the leverage your broker allows for the instrument you are trading. Brokers give the highest leverage to major currency pairs like EUR/USD. So, lets say your broker allows you a leverage of 1:2000 you will require about $50k USD account balance to be able to make 100k USD profit
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if you can't take a small loss, you will be forced to take a big one
Replied 1 month ago -
Its just like when you place a frog in hot water and start boiling, it doesnt realize it is in danger until the water begins to boil but by then it will be too weak to jump out of the water
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What is the best leverage to use in forex for a $10 account balance?
Replied 1 month ago -
$10 is barely enough to open a reasonable lot size so you will ne needing high leverage like 1:2000 if you want to trade 0.02 lot size of a major fx pair
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is it good to keep shifting my stop loss as price nears it?
Replied 1 month ago -
For me I hate to take many trades, I just take one or two trades in a day. For the trade I take i can adjust the stop loss if the market is too volatile.
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How did you overcome overtrading?
Replied 1 month ago -
How can we build such an interface @patrader?
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what is FOMO in trading & how does it manifest?
Replied 1 month ago -
FOMo for me is basically when you try to chase the market and because you enter in a hurry, you fail to do the necessary technical analysis which you usually do. To fight FOMO, I always tell myself that there will always be another trade so even if i miss one setup I dont try to chase it. Sometimes, the best trade is no trade because although you do not make money, you also will not lose money 😊
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How Do I Take Partial Profit on MT5 Without Closing The Trade?
Replied 2 months ago -
nice one
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how to know when to exit a trade?
Replied 2 months ago -
Please look at this image and if you were shorting the market, you would see that when orice closed above the 14 SMA it kept going up so exiting would have saved you losses.
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does the spread affect where i can set my stop loss?
Replied 2 months ago -
When spread is high, the distance between bid and ask price becomes wider. If you took a short position like in the image i attched, then watch the ask price line because once it reaches your stop loss you will be kicked out of the market. Also if you are long, always watch the bid price line as you will be kicked out of the market when it reaches your stop loss.
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is trading a game of probability?
Replied 2 months ago -
Not just probabilities, trading is also a game of averages and that is why pivot points are effective.
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