MyTradingLand Logo
Log In

Forex Forum

Join the community of forex traders.

Filter By Category
why you should have a daily loss limit in forex Replied 15 hours ago - Shout out to prop firms for promoting loss limits in trading. Its very important for discipline
0
8
1 Subs
how to know when to exit a trade? Replied 1 day ago - What do you mean by automating the process?
0
16
1 Subs
how will i know if i'm a profitable trader Replied 4 days ago - To determine if you're a profitable trader, with good psychology and risk management, check for; - consistent profits, - disciplined and emotional control - low drawdowns - positive trading edge - confidence under pressure and ongoing improvement through analysis and adaptation and moreover less losses.
0
7
0 Subs
How Do I Take Partial Profit on MT5 Without Closing The Trade? Replied 1 week ago - Alright . Thank you
0
10
0 Subs
RISK MANAGEMENT Replied 1 week ago - Risk management is not trading but trading is risk management
0
5
0 Subs
You are in trading to make money, not to avoid losses Replied 1 week ago - If you are the kind of trader who always like to be right then this might lead you to commit the "sin of early entry" where you enter a trade prematurely because you want to set a tight stop loss. By doing this, you achieve quite the opposite as your stop loss will be hit easily when you fall for a fakeout.
0
4
0 Subs
stay alive long enough for probabilities to work Replied 1 week ago - The market tends to reveal you to yourself. The market is a revealer. Trading is all about the discovery of yourself.
0
4
0 Subs
how do i spot volatility on charts without using indicators? Replied 1 week ago - When volatility is high, your broker could reduce leverage. On the charts you also see unusually tall candlesticks
0
8
4 Subs
Wait for the market to act before you react Replied 2 weeks ago - It all comes down to being patient. Back in the day when I started trading I was so impatient. Sometimes I would not even wait for a candle to finish forming and I would just assume it would closed a certain way and then I jump into the market. Goes without saying I paid dearly as I was always making losses. Sometimes I would see a bearish candle forming and I would just jump into the market assuming it will close bearish, only for it to close bullish.
0
3
0 Subs
In the forex market, fear has many faces Replied 2 weeks ago - Fear of losing profits, I had to battle with that one for one year 😂
0
2
0 Subs
No position is still a position Replied 3 weeks ago - Welll said! But this is easier said than done, the urge to trade always wins lol
0
3
0 Subs
The smaller the candles, the bigger the lot size Replied 3 weeks ago - Small or short looking candles are a sign of low volatility most times it is when the market is expecting a news release that you see short candles forming everywhere. For me i would not trade when I see short candles all over the place, but I agree with you- trading a bigger lot size will mean even with the short candles you can still make good money as price moves.
0
2
0 Subs
Why I stopped taking small winners Replied 3 weeks ago - Nothing hurts more than exiting with 5 pip profit, only for the price to fall another 20 to 30 pips after you exit. That pain is worse than losing, I try to avoid it by letting my winners run till i see good evidence that the price is reversing.
0
2
0 Subs
if i get stopped out of a trade, should i jump in again? Replied 3 weeks ago - I always place my stop loss very far away and if by some miracle the price manages to reach it and trigger it then I wount trade again.
1
2
1 Subs
can i open more than one trading account with a broker? Replied 3 weeks ago - Precisely! Some brokers like Exness allow you open as many as 50 accounts
0
7
0 Subs
will i get a refund if price gaps over my stop loss? Replied 3 weeks ago - Nice question, I am interested in knowing the answer too!!!
0
2
0 Subs
Dont be a lazy trader Replied 3 weeks ago - What do you guys think about what I said? Hope I didnt ruffle any feathers? lol
0
1
0 Subs
what is the minimum lot size for a cent account? Replied 3 weeks ago - 0.01 is the minimum lot size. The cent account is designed so you dont trade more than 0.01 lot
0
1
0 Subs
How much does it require to earn more profit Replied 1 month ago - 100k USD? The answer to your question depends on the leverage your broker allows for the instrument you are trading. Brokers give the highest leverage to major currency pairs like EUR/USD. So, lets say your broker allows you a leverage of 1:2000 you will require about $50k USD account balance to be able to make 100k USD profit
0
2
0 Subs
if you can't take a small loss, you will be forced to take a big one Replied 1 month ago - Its just like when you place a frog in hot water and start boiling, it doesnt realize it is in danger until the water begins to boil but by then it will be too weak to jump out of the water
0
5
0 Subs
« Previous 1 2 3 4