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Brenda Lesotho
@brenda_lesotho
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I don't think so. Just like babies, new traders need to learn to crawl before they walk and these things take time. Today everyone is in such a hurry to become profitable
Trending markets rarely happen especially for fx pairs, so strategies should be built around choppy markets. Work with the worst case scenario
Have a daily loss limit and whenever you feel the urge to exceed it, quickly withdraw your money and if the urge persists, use the money to buy something
The wicks that really matter are those that form at the start and end of trading day/trading session
Margin Call is a masterpiece movie on over-leveraging, I shed tears when I watched it years ago. If you want to understad the risk of using too much leverage watch margin call
Oh thanks but what is the difference between PCE and CPI don't they both measure inflation? Why does the FED prefer to use PCE ?
Patience is part of discipline, and certain instruments can test your patience more than others. When trading less volatile instruments like EUR/USD you have to be very patient vs when you are trading more volatile ones like Energies
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