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Paul Petit
@paul_petit
Last seen:
2 days ago
never try to predict where the high or low is
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FTMO is fond of using this rule to ban profitable traders. The problem is they interpret the rule in different ways thus shifting the goal post
Russia used the Oreshnik missile in its fight with Ukraine. this is a significant escalation because that missile has intercontinental capability.
Exchange rates are designed to range between certain ranges, central banks can intervene to keep the exchange rate within a certain range. But stock prices can keep rising without cap, making them more profitable.
To avoid this, I always take partial profit as price nears TP, that's what the take partial profit tool is there for but many traders don't utilize it
I learnt to pay attention to fundamentals, not just technicals. It makes trading a whole lot easier. If I dont have any fundamentals on an instrument, I wont trade for that day even though the technicals may look good.
@yokoyi always posts the EIA report when it is released every week, he has a thread on this platform for it. Basically if the actual data is better than the forecast then you can expect a bull run etc. There is more detail on @yokoyis thread.
It was a good week for commodity traders, I traded natural gas EIA inventory data release and made like 50-60 pips in around 1 hour
Impatience is a real problem, sometimes I feel like just tying my hands so i dont interfere with the trade
My plan was that if I made up to $10 today I would close the trade, withdraw the profit and go for a pork sandwich 😂and boy did it taste good! Sounds like a plan to me
Do they even wish you happy birthday? I mean banks do it, they send you a birthday message but brokers hardly do it, almost as if they hate you.
I never thought of it this way, and it actually makes sense. Trade the same direction on two negatively correlated pairs and end up with zero because if you win one you lose the other.
I blame the broker because the speed of processing depends on what the broker tells the card processor. The brokers tell them processors it is a refund so they do not have to bear any charges
You need to go to the active trade and double click on it to modify it. When modifying it, enter the lot size you want to take profit for, and select "market order", then click on "close" to complete the process. This procedure is for MT5. You will notice that the trade will still be active but the lot size would have been reduced and your floating profit would have been reduced too.
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