UNIJOS MTL COMMUNITY

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@youngancient - 7 hours ago
Quoted - youngancient

2. Defined entry, stop-loss, and target BEFORE entering

If you can't clearly mark where you'd enter, where you'd bail if wrong (stop-loss), and where you'd take profit (target), it's not a setup yet it's a guess though

3. Favorable risk-to-reward ratio

As covered earlier, you want your potential reward to be at least 2x (or more) your risk. If the math doesn't work even when you "win," skip it.

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@youngancient - 7 hours ago
Quoted - youngancient

3. Favorable risk-to-reward ratio

As covered earlier, you want your potential reward to be at least 2x (or more) your risk. If the math doesn't work even when you "win," skip it.

4. Confluence — multiple signals lining up

Look for 2-3 things agreeing at once, such as:

Price at a key support/resistance level

A trendline or moving average lining up

A candlestick pattern (engulfing, pin bar, etc.)

Volume confirming the move

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@youngancient - 7 hours ago
Quoted - youngancient

5. Good volume/liquidity

Make sure there's enough trading volume so you can enter and exit without big slippage.

6. Fits your plan and timeframe

A setup should match your trading style (scalping, day trading, swing trading) and your predefined rules — not something you're forcing because you're bored or chasing a loss.

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@youngancient - 7 hours ago
Quoted - pisces03

Always with that "make money fast" mindset

Well, you are right many people believe trading Forex can get them the money they want fast...it could happen but sometimes it doesn't work that way...

It takes a longer time.

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@youngancient - 7 hours ago
Quoted - wavey_

Some say, money isn’t as important as your foundation/ knowledge…

Given your current condition, what do you agree with

But money and knowledge are important but I will advice you go for the knowledge first because without the knowledge, you will just keep wasting your money over and over and the market doesn't care.

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