S
sandy
@sandy20
Last seen:
16 hours ago
enthusiastic forex trader
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It sucks right? But sometimes overnight gaps can work in your favor too. If I am keeping a trade open till the next day I try not to leave aot of money in my account so that if the trade gaps too much against me the account will go into negative and the brokers negative balance protection will handle it
getting into trading is serious business its not about taking selfies and there is only a 5% chance you will make it to steady profitability
Nowadays to be a good trader you have to know how to do some coding so you code programs to analyze data for you
some days you can tell from the starting that its gonna be a bad day. The kind of day that every trader dreads. You wake up with a weird feeling, somebody annoys you, you start looking for stuff, you get pissed at someone and when you start trading all that negative energy follows you into the market. And, all it will take is one loss and it all comes crashing and you spiral out of control
I always place my stop loss a distance away from the nearest session high or low. That being said what is the actual distance away? For me i use a formula 10 pips plus spread. So, if the spread on the instrument I am trading is 3 pips, then my SL will be 10 = 3 = 13 pips away from the nearest session high/low
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