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what do the 1% successful traders do differently from the 99% unsuccessful ones? Replied 1 month ago - Treating trading like a real business with a clear plan, rules, and tracking your results makes a big difference. Seeing losses as normal costs instead of failures helps you stay calm and improve. Good point.
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In the forex market, fear has many faces Replied 1 month ago - I had to start waiting at break even to cure my fear of losing profits, at least at BE I know eve if i lose the profit I wont make a loss
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Never Risk More Than 2% of your Account Balance On A Trade Replied 1 month ago - I disagree, every trade requires a different risk. It depends on what edge you have on that day. If you have some data at your disposal that gives you an edge for the day, then you should add to your winners and risk more
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after six hours my trade is only 5 pips profit, should I close it or wait? Replied 1 month ago - If I open a trade and it is not in profit after 30 minutes, i take it that I am on the wrong side. In your case you were still in profit so it would be safe to leave it open
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8 months of work erased in 4 days Replied 1 month ago - Pull backs happen especially when a trend has been raging for a while
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does the spread affect where i can set my stop loss? Replied 2 months ago - It depends on which broker you are using. Some brokers dont have stop loss restrictions based on spread. However, most brokers do.
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Risk Management 2 Replied 2 months ago - My question is: Is there a mathematical relation or formula for this? The logic seems to be: If I have a rare strategy that offers a high probability (e.g., 80% win rate), I should theoretically risk more on it. Conversely, if I have a very common strategy with a lower win rate, I should risk smaller. But if the textbooks say "keep it constant," how do you guys actually proceed with this in the real world? I would really appreciate any keywords or reading suggestions on this topic, as I don't want to break the rules of risk management, but I also want to maximize the potential of high-probability setups. Thanks!
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I was up $2,000 but didnt take profit, and now my stop loss has been hit Replied 2 months ago - I get you now. Thank you for this exposition.
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how do i spot volatility on charts without using indicators? Replied 2 months ago - I never knew this, I always thought grid lines were a waste of time so I always hid them. Thanks for sharing
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I've learnt to always trade in my local currency Replied 2 months ago - When the difference in value bettween your local currency and the USD is very large, you could accomodate bug USD losses without it registering to you that when you convert back to your local currency you are losing a lot of money.
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Why I stopped taking small winners Replied 2 months ago - You are very right. Greed is another demon every trader has to conquer. It makes traders sideline their plans and do something else.
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stay alive long enough for probabilities to work Replied 2 months ago - Risk management is still related to your account balance. For example you cannot set a wide stop loss if you have a small account balance
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Take partial profit or adjust TP: which is a better risk management move? Replied 2 months ago - On the other side of the decision lies the choice to extend the take-profit level. This approach is often used when the market is moving with strength or following a clear trend, giving the trader confidence that the price may reach farther than the original target. By extending the TP, the trader allows the full position to participate in the continued move, aiming to maximize returns. One obvious benefit of extending the TP is the potential for capturing large, powerful market swings. When done based on solid analysis—such as new support/resistance breaks, trend continuation signals, or strong momentum—this method can significantly increase the reward-to-risk ratio of a trade. It reinforces the idea that big profits are often made not from frequent wins, but from allowing winners to reach their full potential.
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Why is My Stop Loss Triggered Without Price getting To It? Replied 3 months ago - 👍
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stop loss or hedging, which is a better risk management method? Replied 3 months ago - stop loss is the only thing that is important in trading. It can be mental but it must always be there.
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How do you manage risk when trading forex? Replied 3 months ago - 1) Always Define Your Risk Before Entering Before clicking BUY or SELL, decide: ✔ How many pips you will risk ✔ How much money that equals ✔ Your stop-loss level If you can’t answer these before entering, it’s not a real trade — it’s a guess. 🔹 2) Use a Fixed Rule (Like 1% or 2% Rule) A very common and effective rule is: ➡ Risk only 1% of your account per trade. This means if your account is $1000, your maximum loss on a trade is $10. This keeps losses small and your psychology sane. 🔹 3) Use Proper Position Sizing Most emotional losses happen because traders use too much lot size. You should ALWAYS calculate your position size based on: ✔ Account balance ✔ Stop-loss distance ✔ Risk percentage This prevents accidental over-risk. 🔹 4) Set Daily and Session Loss Limits Good traders don’t just have stop-loss rules — they also have daily loss limits. Example: ➡ If you lose 3 trades in a row or hit 3% of daily loss — you STOP trading for the day. This prevents emotional revenge trading. 🔹 5) Journal Every Trade Emotionally and Logically After every trade — win or lose — write down: ✔ Why you entered ✔ What your risk was ✔ How you felt before/during/after ✔ Whether it matched your strategy After a few weeks you will see patterns — and correct them. 🔹 6) Review Your Trading Rules Weekly Ask yourself: Did I follow my plan? Did I use the right stop loss? Was the risk too large? Am I trading while emotional? This reflection builds discipline.
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how do I know I am revenge trading? Replied 3 months ago - When you exceed your daily loss limit but you are still opening more trades then its probably due to revenge. Friday is notorious for revenge trading because many traders cannot accept a bad week.
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Fear & Greed - the 2 deadly sins of forex trading Replied 3 months ago - If fear causes hesitation, greed causes excess. Greed convinces traders that they can always squeeze out just a little more profit or that a winning streak will continue indefinitely. One of the most dangerous expressions of greed is overleveraging—taking position sizes far larger than what a well-structured plan would allow. Even a small market move can become damaging when the position is too large. Greed whispers that more risk equals more profit, but in reality, more risk usually leads to more volatility and potential losses. Greed also tempts traders to ignore their exit strategy. Instead of taking profit at a predetermined level, they hold onto trades hoping the market will continue moving in their favor. Often, a profitable trade turns into a losing one because the trader refused to accept a reasonable gain. This unwillingness to take profits when planned leads to inconsistent results and emotional exhaustion. Overtrading is another common effect of greed. After a series of successful trades, a trader may feel unstoppable and begin entering trades that do not meet their criteria. They chase the excitement of making money rather than following their system. Strangely, this behavior often appears right after winning streaks, when confidence is high and caution is low.
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How to calculate risk management in forex Replied 3 months ago - STEP 1 — Choose Your Risk Percentage Most beginners risk 1% per trade → this means you lose only a small amount if you're wrong. Examples: $100 account → 1% risk = $1 $250 account → 1% risk = $2.50 $500 account → 1% risk = $5 $1,000 account → 1% risk = $10 This amount is called your maximum risk or money at risk. 🔵 STEP 2 — Measure Your Stop-Loss Size in Pips Your stop loss is the distance from your entry to where the trade will automatically close if it moves against you. Example: Entry on EURUSD = 1.10500 Stop loss = 1.10350 Stop loss distance = 15 pips The larger your stop loss (more pips), the smaller your lot size must be. 🔵 STEP 3 — Understand the Pip Value Different currency pairs have different pip values, especially metals like gold. Here are the pip values for 0.01 lot (micro lot): EURUSD → $0.10 per pip GBPUSD → $0.10 per pip USDJPY → about $0.09 per pip GOLD (XAUUSD) → $0.10 per 1 point (not pips) This matters because the formula uses pip value. 🔵 STEP 4 — Use the LOT SIZE FORMULA ⭐ Lot Size = Money Risked ÷ (Stop Loss in Pips × Pip Value) This tells you the exact lot size you should use so your loss equals your planned risk. 🔵 FULL EXAMPLE — CALCULATING RISK Let’s say: Account balance: $200 Risk %: 1% → you risk $2 Stop loss: 25 pips Pair: EURUSD Pip value (0.01 lot): $0.10 per pip Now apply the formula: Lot Size = $2 ÷ (25 pips × $0.10) Lot Size = $2 ÷ $2.50 Lot Size = 0.008 lots Since MT4/MT5 doesn’t allow 0.008, you round to the nearest allowed: ➡️ 0.01 lots If your stop loss gets hit, you lose around $2, which is exactly 1% of your account.
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RISK Replied 3 months ago - Beginners should only trade with money they can afford to lose. The moment you cant afford to lose money, then youve released a big monster called fear and youve already lost the trade.
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