C
Chris Evans
@chris_4eva
Last seen:
2 days ago
Exotic Pair Trading
0 Followers
0 Following
Trading without tools is like a fisherman going to sea without a ne. Tools are what aid you in taking quick decisions so they are very important. I started trading with MT4 and its lack of sufficient tools became obvious when I switched to cTrader and TradingView.
I think a good strategy should give you frequent setups instead of giving you setups once in a blue moon
Choice of leverage depends on expert level. Beginners should go for 1:100 because it will prevent them from revenge trading (and opening several trades out of greed)
Its actually a win when you perform several trades and end up with only a small loss. Each of those trades had the tendency to blow your account if you didn't cut the losses early
Some traders only go for 10 pips on every trade, they trade big lot sizes and hold them for just 10 pips.
The "good ones" are not up to 5% that's why the failure rate is 95%. Trading without supervision/guardrails is one of the major reasons for retail trader failure. That is why prop firms came along to enforce discipline but even the prop firms have ulterior motives these days thats why the failure rate at prop firms is also 95%
In some saner climes, regulators have started requiring signal providers to register with them first and pass some kind of trading aptitude test to become certified signal providers.
There's always context behind every signal, sometimes you need to cut losses early because no signal has a 100% guarantee but most signal followers dont do this
Showing 20 of 64 replies.
Log in to see all replies