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Why I stopped taking small winners Replied 1 month 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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My Usdjpy swing analysis based on slp strategy Replied 1 month ago - @veenorex investors use option contracts to hedge risk exposure on USD/JPY so we have a daily report that shows you where the USD/JPY expiries are seated. If the option expiries are large enough in monetary value, price will tend to move towards the orders.
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head and shoulder pattern Replied 1 month ago - What the Pattern Represents The head and shoulders pattern shows that buyers are losing control of the market. The psychology behind it works like this: Left shoulder – Buyers push the price up, but sellers start appearing. Head – Buyers push the price to a new high, but the selling pressure becomes stronger. Right shoulder – Buyers try again but fail to reach the previous high. This failure indicates that bullish momentum is weakening. Once the neckline breaks, sellers often take control.
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pros & cons of ftmo prop firm Replied 1 month ago - Cons of FTMO 1. Strict Risk Management Rules FTMO has very strict risk rules: Maximum daily loss: 5% Maximum total loss: 10% Breaking these rules results in immediate account termination. For traders who use aggressive strategies, these rules can be difficult to manage. 2. Two-Step Evaluation Process To get funded, traders must pass: FTMO Challenge Verification phase Each phase has profit targets and time limits, which many traders find difficult to achieve consistently. 3. Challenge Fees Can Be Expensive Depending on the account size, challenge fees can range from about €89 to over €1,000. If a trader fails the challenge, the fee is lost. 4. Strict Rule Violations Many traders lose their funded accounts not because of bad trading but because they accidentally break rules such as: exceeding daily loss limits violating risk parameters trading during restricted conditions This makes discipline extremely important. 5. Funded Accounts Are Simulated Even when traders become funded, they are usually trading on simulated accounts rather than real market capital, although payouts are still based on performance. Some traders dislike this model.
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London Session Forex Time in Nigeria Replied 1 month ago - Well said @sizwe.
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FOREX IS A WAITING GAME Replied 1 month ago - The more I trade the more I find this statement to be so true. The market truly rewards only the patient. This past week have tested my patience, I’m happy I passed it. No forced trades.
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stay alive long enough for probabilities to work Replied 1 month 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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Prop Firm Drawdown Replied 1 month ago - I will advise you reduce your risk when you are in drawdown and trade just A+ setups. A+ setups are setups that meet all your criteria. Don’t increase your risk until you are back to breakeven. This will help you during drawdown season.
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SAFE HAVEN FLOWS Replied 1 month ago - The Role of Institutional Investors Safe-haven flows are mainly driven by large institutional investors rather than retail traders. Banks, hedge funds, sovereign wealth funds, and pension funds control enormous pools of capital. When these institutions begin reallocating their portfolios due to rising uncertainty, the resulting flows can move currency markets significantly. For example, if global funds decide to reduce exposure to emerging markets or risky assets, they may move billions of dollars into U.S. Treasury bonds or other safe assets. Since those bonds are denominated in U.S. dollars, demand for the dollar increases.
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No forex broker is perfect: change my mind Replied 1 month ago - Funny but true! They all have some hidden fees somewhere. I tried HF Markets, their minimum deposit was low but their spread was outrageous. I ran to Exness, their spread seemed better but the execution quality was not good enough. I then went to Octafx and their customer support was so bad
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Forex trading Replied 1 month ago - Activities are always highest at the begining and ending of every session. The middle of the session may be very quiet.
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why do brokers locate their servers in London & New York? Replied 1 month ago - To deal with the issue of latency or execution speed. The further a brokers server is away from the liquidity providers, the worse the execution speed becomes. And, most of the big liquidity providers are in London
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How long does it take to learn forex trading Replied 1 month ago - Anyone with half a brain can learn forex trading in a couple of months but the mastery/steady profitability takes years.
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What does "chasing the market" mean? Replied 1 month ago - This happened last week and I almost burnt my prop not until I had to reschedule my thought process and currently out of dd and ended in profit, sometimes it works and others times it doesn’t it’s hurts badly.. For me I did a lot of Fomo last week and early entries but am learning to be conservative with how I trade…
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Trading GBP/USD Replied 1 month ago - Here on the daily timeframe, we had a daily breakout to the upside. This daily breakout to the upside is a confirmation of what we saw on the weekly timeframe. I will be looking out for buys all through this week.
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does goat funded trader offer free trials? Replied 1 month ago - No, Goat Funded Trader generally does not offer a completely free trial for its evaluation accounts.
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is maven prop firm legit? Replied 1 month ago - I just contacted maven support in respect to weekend holding of trade and they stated it’s not acceptable I.e they don’t allow weekend holding.
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Please what is the latest FXTM minimum deposit? Replied 1 month ago - The exact minimum can sometimes vary depending on your region or payment method. Depositing very small amounts (below about $30) may attract a small transaction fee.
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is the hfm demo contest worth the try? Replied 1 month ago - Sincerely I don't think it’s worth your input because the money for reward cannot be withdrawn. You have to trade at least 10 standard lots with the money before you are allowed to withdraw it.
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What's the minimum I can deposit to trade with Oanda? Replied 1 month ago - With OANDA, the good news is that there is no fixed minimum deposit required to open or maintain a trading account. Official minimum deposit: $0 You can technically deposit any amount, even $1 if you want. However, you still need enough funds to cover the margin required for the trade you want to open.
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