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the less you trade, the more you make; can anyone relate to this?
Replied 3 months ago -
Yh, this is a major one. Thank you for sharing
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should i take profits early when trading forex?
Replied 3 months ago -
Alright, well understood now.
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when should i exit a losing position to cut my losses early?
Replied 3 months ago -
I exit a losing position when it has gotten to my invalidation zone. Based on my strategy, I have invalidation zones where I place my stoploss. The moment price gets to those zones, technically I know the setup won’t play out.
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if i get stopped out of a trade, should i jump in again?
Replied 3 months ago -
For me I think it depends on the circumstances. I can jump back into a trade after my SL is hit but I will trade in the opposite direction and not in the same direction. The logic behind this is when I take a trade and I see that I was wrong I dont jump out prematurely I wait for SL to be hit after which I trade the opposite direction of strength. If I bought then I notice the market is trending downward, I will just wait for my SL to be hit then reverse direction.
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what is stop out level & why does it matter in trading
Replied 3 months ago -
But to be fair to the broker 0% stop out level is not bad but it should be made an option instead of mandatory. A low stop out level gives your trade enough time to recover from a loss.
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do you use take profit or do you exit trades manually?
Replied 3 months ago -
I USE BOTH. THE SETUP OR MARKET REACTION WILL DETERMINE THE ONE TO USE AT ANY GIVEN TIME.
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after nfp, how long before spreads return to normal?
Replied 3 months ago -
Factors That Affect Spread Normalization
Broker type – ECN/STP brokers usually normalize faster than market makers.
Pair liquidity – Major pairs stabilize quicker than crosses or exotics.
Market conditions – If NFP triggers follow-up news or extreme reactions, spreads may stay wide longer.
Time of day – US session liquidity can help spreads normalize faster during overlap with London session.
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why should i use low leverage when trading forex, any advantages?
Replied 3 months ago -
High leverage is really for expert traders who are so sure that their strategy works because they have tested it in different market conditions for years. They can use high leverage to trade bigger lot sizes even when their account balance is low. But as a beginner who doesnt have a tested strategy if you try using high leverage on a low account balance, you are just going to be dashing the broker your money cos you will get stopped out over and over again. Remember, the market can remain irrational for longer than you can remain liquid.
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win rate or risk to reward; which is more important?
Replied 3 months ago -
Risk to reward is superior to win rate. For example, you executed 10trades and you won three out of the ten with risk to reward ratio of 3. Your win trades will be at 9rr . Remember you lost 7trades, that’s 7rr .
Overall, you are still profitable with a 2rr. Hence, risk to reward is better than win rate.
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