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Lost some friends due to trading Replied 1 week ago - Some will ask you to teach them trading and then as soon as they lose money when trading live they blame you for introducing them into an unprofitable venture.
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Casual FX discussion. Replied 1 week ago - I never knew MT4 could do this I am going to try it, thanks for sharing
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is prop firm profit split a scam? Replied 1 week ago - It's gamification why should anyone care about the details. if people feel they can get better opportunity using props the business model works. I am not denying people doing consistent withdrawals from props but they are very few just like in trading. Props need your money to survive and will add mini games and rules for that every step of the way. Biggest gotcha is the account size limitation. They know a lucky streak on a 10 million funded account could bankrupt them hence they prolong the game. More manageable payouts over the course of years. All the while bullshitting people into believing they are trading and not playing a game. Gone are the days when people used to show case their trading account and the capital in it. Now they show case the payout certificate and the demo account number. The danger of that is the prop firm could create a fake certificate to promote an influencer that will evangelize the industry. This will draw fresh blood to the props. You see the authority is now the funded trader certificate rather then actual authority of having real funds. It's the wild west, Have fun while it lasts.
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Why I stopped taking small winners Replied 1 week 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 week 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 week 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 week 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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Prop Firm Replied 1 week ago - 🤣🤣🤣🤣. I won’t do that though
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London Session Forex Time in Nigeria Replied 1 week ago - Well said @sizwe.
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FOREX IS A WAITING GAME Replied 1 week 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 week 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 week 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 week 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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My experience trading with Tickmill Replied 1 week ago - Thank you for this thread. I just opened an account with this broker using the steps you outlined here. The process was easy cos I followed all you posted here.
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Decision Fatigue in Trading Replied 1 week ago - I just couldn’t be angry with myself sincerely 🤣
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No forex broker is perfect: change my mind Replied 1 week 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 week 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 week 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 week 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 week 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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