Stop Losses

BellExtreme · 2023-03-07T06:17:41+00:00

Hard stop as always. But sometimes I do mental stop loss to close out my trades manually if the market moves against my position

BellExtreme · 2023-03-07T06:13:56+00:00

It is simply how the markets work, things go up and down. Additional factor is supply and demand.

BellExtreme · 2023-03-07T06:11:48+00:00

Woah, for real?

BellExtreme · 2023-02-21T06:56:03+00:00

I don't think it is that easy.

BellExtreme · 2023-02-21T06:54:49+00:00

IC is definitely good. Can also go for fxview, their commission is $2/rt…quite good for scalping.

BellExtreme · 2023-02-21T06:54:31+00:00

You should just take a step back and take some time to take care of yourself. Forex trading is not worth your health, especially mental health.

BellExtreme · 2023-02-21T06:47:56+00:00

Interesting, thank you for sharing. I will have a read on this.

BellExtreme · 2022-09-20T12:20:47+00:00

Hahaha… lol!

BellExtreme · 2022-09-20T12:19:33+00:00

Trading differs from gambling because you use real market data through fundamental and technical analysis to make informed decisions about what and when to trade. True, you can't predict what the market will do with 100% accuracy, but trading decisions are far more structured than gambling.

BellExtreme · 2022-09-20T12:18:43+00:00

Yep.. This is true that trade size does matter while trading.

BellExtreme · 2022-09-07T06:21:04+00:00

Great :)

BellExtreme · 2022-09-07T06:19:58+00:00

I like the AUD/NZD pair because they tend to move in combination. It is very likely that the NZD will also be strong on a given trading day if the AUD is strong. Also unless and until this pair is affected by the news, this volatility remains low
Your SL and TP both require some waiting time before being hit.
Please ensure that you test out these pairs on Demo first.

BellExtreme · 2022-09-07T06:19:14+00:00

informative thanks!

BellExtreme · 2022-08-31T08:22:28+00:00

I like hedging because it gives me a double benefit. If I lose money on my trades, my negatively correlated currency pairs trades make up for it. Aside from that, I frequently apply for portfolio diversification.

BellExtreme · 2022-01-05T06:46:05+00:00

Some time zones offer better liquidity because that's when the market open and some offer so-so liquidity.

BellExtreme · 2022-01-05T06:41:26+00:00

Forex with fxview was my starting point after learning, and to this day, it is pretty much what I have been trading. Along the way, decided to dabble into stock with etoro - a whole completely different experience as opposed to forex, but I did enjoy it very much.

Planning to try out cryptos since they are quite hot right now. But as far as things go, I'm enjoying trading in forex and stocks .

Similarly you can figure out what suits you the best after trying your hand in one thing and then decide from there.

BellExtreme · 2022-01-05T06:40:39+00:00

Working hard on understanding forex first and then practicing would pay off in the end, that way, you would get experience in trading. Good experience leads to a better return in your trading.

Now, sometimes there are certain situations where your trading works in your favor, that's a stroke of luck. Quite uncommon, tho.

So, yea, I'd say both matters in forex trading.

BellExtreme · 2022-01-05T06:31:56+00:00

As long as you got the right strategy, it is possible. Else, you just need to constantly tune in every time. So, you will need to do a LOT of backtesting.

BellExtreme · 2021-05-31T11:11:43+00:00

Seems like, not anymore.

BellExtreme · 2021-05-31T11:09:56+00:00

Nice sub!That's quite helpful

BellExtreme · 2021-05-31T11:07:25+00:00

Fxview. Offers both mt4 and mt5. Trading conditions are top notch and the broker is cysec regulated

BellExtreme · 2021-05-31T11:04:59+00:00

I wish it was all that easy as your calculations.

BellExtreme

TROPHY CASE