UNIJOS MTL COMMUNITY

I've been learning before now but I want to have more knowledge...

Self knowledge

Hmmmm… I see you

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@youngancient - 1 day ago

Quoted - wavey_

What are things you think can affect the market???

From what I've noticed over time learning Forex trading I will just mention a few.

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A

@asuquokelvin - 1 day ago

Frankfurt and London are not the same thing. Frankfurt opens about an hour before London and has lower volume; London is the session that matters most for European liquidity.

Frankfurt is a different country I know but in Forex they are closely related because their trading session overlap so it's part of London I generalized it same way I did for Asia so am still correct

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@youngancient - 1 day ago

Quoted - wavey_

Hmmmm… I see you

Hope you've been learning too?

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@youngancient - 1 day ago

Quoted - asuquokelvin

Frankfurt is a different country I know but in Forex they are closely related because their trading session overlap so it's part of London I generalized it same way I did for Asia so am still correct

You are right though.Same reasoning you used for Asia ..Tokyo, Sydney, Hong Kong, Singapore all get lumped into "Asian session" because their hours overlap heavily even though they're different countries.

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Hi everyone! I'm new to trading and just getting started. Excited to learn from this community!

@youngancient - 1 day ago

Quoted - spunky

Welcome and nice to meet you mate

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@pisces03 - 1 day ago

I usually take my trades in London session even though it's volatile which is usually around this time...

Ok

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@pisces03 - 1 day ago

Yes... Actually Forex broaden your mind and thinking faculty...

But then

Do you think trading will only work for people with very good calculation skills....?

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@pisces03 - 1 day ago

Quoted - victordtrader

Few years ago when I just started trading I use to trade at any hour of the time until I started paying for fees, even though I still do now because of my trading style (swing)

I don't clearly understand what you mean by the best time to enter a trade. But if you're asking best times to trade then its the European and New York session. And if you're asking best time to execute trades then the answer would be when price has obeyed your trading setups and confluences. What do you look for in a trade before you execute the buy or sell button?

I on the other hand just started my trading journey....so being able to answer or comprehend questions from my own knowledge is you know......but then from research......

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@pisces03 - 1 day ago

Quoted - victordtrader

Few years ago when I just started trading I use to trade at any hour of the time until I started paying for fees, even though I still do now because of my trading style (swing)

I don't clearly understand what you mean by the best time to enter a trade. But if you're asking best times to trade then its the European and New York session. And if you're asking best time to execute trades then the answer would be when price has obeyed your trading setups and confluences. What do you look for in a trade before you execute the buy or sell button?

The question you asked...

From what i could understand from my research

One should look for a clear setup, confirm the trend and key levels, check news, manage risk, and only then execute the trade.

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@youngancient - 1 day ago

Ok

Yes so, that's it

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@youngancient - 1 day ago

I on the other hand just started my trading journey....so being able to answer or comprehend questions from my own knowledge is you know......but then from research......

Sometimes what you need in trading is practical knowledge...

You might not always get the right response from Goggle or Ai that's why I don't usually trust trading bots

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@youngancient - 1 day ago

But then

Do you think trading will only work for people with very good calculation skills....?

Hmmm..Good question..

One quality you must imbibe when going into Forex trading is Discipline and patience..Many people want to make it big and see Forex as a get rich quick scheme that's why they end up loosing a lot of money.

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@pisces03 - 1 day ago

Sometimes what you need in trading is practical knowledge...

You might not always get the right response from Goggle or Ai that's why I don't usually trust trading bots

True...

I also feel like one should have a little understanding/idea.....of what concept they're looking for....so they could at least be able to compare these facts and know that they're on the right track.....

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@pisces03 - 1 day ago

Another question....yeah...

What are common mistakes new traders make....?

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@pisces03 - 1 day ago

Hmmm..Good question..

One quality you must imbibe when going into Forex trading is Discipline and patience..Many people want to make it big and see Forex as a get rich quick scheme that's why they end up loosing a lot of money.

Ok then

So two keys...

Discipline and Patience.....

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@pisces03 - 1 day ago

Another question....yeah...

What are common mistakes new traders make....?

My own answers would be... trading without a proper strategy or plan.....

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@youngancient - 1 day ago

Ok then

So two keys...

Discipline and Patience.....

Discipline...Have a target for the day or week even if it's as low as $10 ..many times you might see opportunities to earn more but discipline will keep you in check.

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@youngancient - 1 day ago

Another question....yeah...

What are common mistakes new traders make....?

The common mistake people make is knowing the right time and moment to enter into a trade .

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@pisces03 - 1 day ago

Discipline...Have a target for the day or week even if it's as low as $10 ..many times you might see opportunities to earn more but discipline will keep you in check.

Mmmm

I see

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