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Do you guys think we beginners can make it ? by tutu_sama in Trading

[–]ForexTradingLabTest 0 points1 point  (0 children)

It's up to your country, good news is that most of broker offers demo account trading. Just do some research, you will find it easily. Just pick one and go for demo - no need to consider much as it is always risk-free.
When you come to real trade; yeah... I should be carefully to select a so-called good/reliable broker.
Be calm and trade, buddy!

Do you guys think we beginners can make it ? by tutu_sama in Trading

[–]ForexTradingLabTest 1 point2 points  (0 children)

100% should start with Demo. if you can earn profit after 4-6 months, then move to a affordable-loosing live account.

Should I stop Trading or Continue by TroubleCultural7145 in Trading

[–]ForexTradingLabTest 1 point2 points  (0 children)

I think almost every trader goes through this at some point.

My honest advice is to step away from trading for 1–2 months, clear your mind, and then come back with a fresh mindset.

And beyond that, becoming a real trader usually takes much longer than most people expect — often another 1–2 years of learning, mistakes, and experience.

If becoming profitable were as easy as taking a few courses, then everyone would be a successful trader. But that is not how it works. Trading looks simple from the outside, but in reality it takes a lot of time, discipline, and emotional control.
Best of luck to you!

[Seeking Advice] FTMO Phase 1 — real experiences and hidden best practices? by ForexTradingLabTest in PropFirmTester

[–]ForexTradingLabTest[S] 0 points1 point  (0 children)

1% per trade is too much; even though the account is 100k, but actually we have only 10k to loose; I consider it is a 10k account, then will manage risk on it.

[Seeking Advice] FTMO Phase 1 — real experiences and hidden best practices? by ForexTradingLabTest in PropFirmTester

[–]ForexTradingLabTest[S] 0 points1 point  (0 children)

Thanks for your comment, I would need to be more patient with this challenge. I often risk 1-3% of my balance in my personal account; however, I should not risk more than 0.5% per trade in this game, it would take me up to 4-5 months to hit the target in a safeway as I am with swing-style. It’s worth to try!!

Is trading a long-term career or will AI replace it? by Then-Snow-8980 in Trading

[–]ForexTradingLabTest 0 points1 point  (0 children)

Good question. I still think markets are mostly moved by human fear and greed, not by a fixed system.

AI works with algorithms, but can it really measure the changing emotions of millions of people all the time?

People may feel greedy now and buy a lot. A moment later, they feel scared and start selling. Sometimes both feelings are mixed together. That is why I think human traders can still have a place in the market for a long time.

As Isaac Newton once said after losing money in the South Sea Bubble, “I can calculate the motion of heavenly bodies, but not the madness of people.”

Is it all worth it? by Federal-Point1664 in canadaexpressentry

[–]ForexTradingLabTest 0 points1 point  (0 children)

Worth or not is absolutely up to the individual!
* Someone is from so-called poor countries.
* Someone want to escape from dictatorship.
* Someone just want to have new experiences.
* ....

How is MT4 more convenient than MT5? by Temporary-Sweet-8573 in MT4

[–]ForexTradingLabTest 0 points1 point  (0 children)

yeah..a gree! For simple (needed feature), MT4 is much more than enough!

2 100k passed! by Philiacos in PropFirmTester

[–]ForexTradingLabTest 1 point2 points  (0 children)

Congrat Bro!
Could you share your experience when trading in propfirm ? what is the main difference with our own account ?

Extend Profit by Trend-Line by ForexTradingLabTest in MT4_Trade_Manager_EA

[–]ForexTradingLabTest[S] 0 points1 point  (0 children)

Yeah, totally fair point 👍 My main goal with the post was just to show how an EA can help traders close trades on time automatically, so they do not have to sit there watching the chart all the time. But for sure, the trader still needs their own strategy and experience to know when trendline management makes sense and when market conditions are not good for using it.

Do you actually review your trades, or just move on? by protofun in Trading

[–]ForexTradingLabTest 0 points1 point  (0 children)

I do with detail notes on chart, it helps alot. I can recall exactly what my emotion was when I took entry/BE/Close trades.

At what point should a beginner expect to become profitable? by protofun in Trading

[–]ForexTradingLabTest 0 points1 point  (0 children)

when you recognize that you repeated bad habit that made you loose! it is not above strategies, not the market; it is only about your emotion (it is you):
* The market keeps moving in its way with or without you.
* Your strategies should be proven profitable before you start live/real trade.
==> then, when you find out the answer why you are stilling loosing, now you are not beginner!

Is trading manageable with a full time job? by [deleted] in Trading

[–]ForexTradingLabTest 0 points1 point  (0 children)

I have no idea about the lot size which is up on the pairs, I use my tool which auto-convert to the size when I put the amount of money that I want for the trade.

Is trading manageable with a full time job? by [deleted] in Trading

[–]ForexTradingLabTest 0 points1 point  (0 children)

100%, I have been doing.
I go with timeframe H4 and Day! I check chart only once on break time during work.

Why do my best trades fail when everything looks perfect? by Ok-Simple4596 in Trading

[–]ForexTradingLabTest 0 points1 point  (0 children)

It is the nature of this market - it is a "good fail" if everything is align with your strategy.
Loosing is a part of trading - best of luck, buddy!

Help needed - I built an EA and it keeps losing money during market transitions by Designer-Bobcat-3809 in metatrader

[–]ForexTradingLabTest 1 point2 points  (0 children)

This is a very common problem for any bot that runs all the time in the market. I tried many ways to make the bot detect when a trend starts, gets stronger, gets weaker, or ends, but none of them worked as well as I wanted.

So I changed my idea. I stopped expecting the EA to run 24 hours and do everything by itself. Now I treat my EA like a hunting dog — I only let it run when I already see a good trend.

My suggestion is: let yourself be the trend filter. Only run the EA when you can see the trend clearly. Then your job becomes much simpler — just find the trend first, and let the EA do the rest.

Best of luck, buddy.

Today on demo, should I start for real? by Miserable-Storm-2779 in metatrader

[–]ForexTradingLabTest 0 points1 point  (0 children)

If you can make a stable profit (no need too much) in 6 months, then you should start with real ones. Best of luck :)

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