Forex Forum

are wicks important in trading?

Beyond simple rejection, wicks provide critical clues about liquidity and institutional order flow. Large market participants—often called “smart money”—tend to execute orders in areas where liquidity is concentrated. These areas are commonly found above previous highs and below previous lows. When price briefly spikes into such levels and immediately retreats, it often forms a distinctive wick. This behavior may signal a liquidity grab or stop hunt, where the market collects resting orders before moving in the opposite direction. For traders who understand this concept, wicks can serve as confirmation that a key liquidity event has occurred, often preceding significant directional moves.

Traders Failure In Forex.

So profound

a good trader knows not a 1000 moves but 1000 iterations of 1 move

Course farmers stay unprofitable because they never choose a path long enough to become an expert. A beginner thinks the goal is: “Learn every strategy.” A profitable trader knows the goal is: Learn one setup so deeply that it becomes second nature.

Which brokers support ussd code deposit method?

Deriv do not support Ussd but they support bank transfers and debit card.

Why is My Stop Loss Triggered Without Price getting To It?

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stop loss or hedging, which is a better risk management method?

stop loss is the only thing that is important in trading. It can be mental but it must always be there.

is deriv legit

They dont have a CMA license which is issued by the Kenyan government. This license limits the leverage brokers can offer Kenyans to 1:400 amongst other investor protection clauses.

How do you manage risk when trading forex?

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.

how do I know I am revenge trading?

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.

How Do I Set A Pending Order on MetaTrader Charts?

To set a pending order simply right-click on the chart and select buy or sell stop/limit. The pending order line will then appear on your chart visually and once price gets to the line, the pending order will be executed transforming it into a live trade. One of the best trading platforms for order management is not MetaTrader but cTrader.

Fear & Greed - the 2 deadly sins of forex trading

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.

Why Was Exness Banned in Malaysia?

Thanks mate!

Is Quotex A Legit Broker?

Thanks for sharing @amos

USDCHF SETUPS

SELL PROJECTION.

How to calculate risk management in forex

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.

RISK

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.

whats the most important part of forex trading?

Risk management is the major concept for me. It defines how long you will last in this industry. Trading is a game of probability and risk management is your only security.

the less you trade, the more you make; can anyone relate to this?

Yh, this is a major one. Thank you for sharing

MTL UNI

Thanks for sharing. For the objective entry trigger, I have that in place, and it works.

is a margin call an actual phone call or just a push notification from your broker?

A margin call is almost never an actual phone call anymore. In modern online trading, a margin call is typically delivered through one or more of these: 1. Platform Notification (most common) A pop-up alert inside your trading platform (MT4/MT5, cTrader, web app, etc.). Often the first and only warning you get. 2. Email Notification Many brokers send an automatic email when your margin level drops below the required threshold. 3. Push Notification If your broker has a mobile app, you’ll usually get a push notification on your phone. 4. SMS (less common) Some brokers let you enable SMS alerts. 5. Actual Phone Call (rare nowadays) This used to be common when trading was done through human desks. Today, phone calls are generally reserved for large/priority accounts or when the broker needs to urgently reach you — but this is not typical for standard retail accounts.