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Hosea makalele

@hosea_makelele Last seen: 1 week ago trading is 80% waiting and 20% execution
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this is true especially when you exit a winning trade too early
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Same thing here in South Africa, these guys now have their own brokerages and they pressure their students go open accounts with them. The problem? the brokerages are not regulated and can crash any time resulting in loss of customer funds. Sometimes students have reported placing a withdrawal and the broker is unable to pay and I suspect it is because the scammers behind the brokerage have used the student deposits to buy cars or fancy stuff.
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Because of ego, the desire to always be right.
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I am watching this movie atm
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Ego hurts traders more, refusal to learn new things because they feel they know everything
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Keep losses small and winners big
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Because the brokers will think you are engaging in some malpractice so even without proof they will close your account
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Funny question, the only disadvantage of always winning trades I know of is that brokers will mark you and kick you off their platform.
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Kinda confused on the us30 open time. I used to target the open of the New York session but it seems the US30 exchanges open at a different time.
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Don't know if to be surprised or embarrassed that Tickmill doesn't have instant withdrawals.
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Please did they give you any Tickmill bonus on your deposit?
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Its really hard to do, especially as a retail trader with no guardrails
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It depends on your brokers configuration. Some brokers make it possible to manage MetaTrader trades from their own mobile app while some will require you to download the metatrader mobile app
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USD/JPY is best traded between 6 am to 8 am UTC+1 because this is when there is an overlap between the Tokyo, Singapore, and Frankfurt session.
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I heard they now give traders capital via a prop firm they are partnering with
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@Pierre I agree cTrader falls behind when it comes to charting, but at least it is better than MT5. The most important feature I found in cTrader for beginners, is the trading session tool which tells you which session you are trading. This tool is simply ahead of its time.
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Watch for economic news release, if any important news is coming out soon, then close the trade immediately and take profit. News can scatter the markets and cause price to spike towards your stop loss.
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@segun, HF Markets minimum deposit is $5 although on their website they say there is no minimum deposit for entry level accounts, this is not true, by the time you want to make a deposit you will be told the minimum deposit is $5.
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Oh so its last Sunday of March! I always thought it was first week of March
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How much you risk on a trade depends on what edge you have or what you are aware of that you think other traders aren't aware of. When you think you have an edge you can increase your risk, at least that's what I do.
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