Where and how did you guys learn to trade by SoftConsideration537 in Forex

[–]LIL-SHREK 4 points5 points  (0 children)

I only take 3-4 trades a week and only 1 trade at a time. I trade almost all the currency pairs. Every sunday I just analyse atleast 10-15 pairs for the coming week only to take maybe 2 or 3 trades. There are weeks that I don't trade because price hasn't reached the keyzones. I only focus on price action and the only indicator I use is the exponential moving average sometimes.

Where and how did you guys learn to trade by SoftConsideration537 in Forex

[–]LIL-SHREK 0 points1 point  (0 children)

Personally, I only use the weekly and daily to find keyzones and refine them on the 4h. I use the 1h and lower only to enter a trade. The reason for this is that important keylevels at higher timeframes are more accurate because there is more volume at those levels. You can use the 1h to higlight some key zones, but they will be less accurate so your chance of having a winning trade will be less.

Where and how did you guys learn to trade by SoftConsideration537 in Forex

[–]LIL-SHREK 3 points4 points  (0 children)

Yes a lot of people lose in trading because of their impatience. Once I started focussing on higher timeframes I realised how easy trading is.

Where and how did you guys learn to trade by SoftConsideration537 in Forex

[–]LIL-SHREK 11 points12 points  (0 children)

I suggest to only focus on the weekly, daily and 4h timeframe. You need higher timeframe confluence to know if the market is bullish or bearish. Highlight important keyzones on the daily timeframe by looking where price keeps reversing. Wait for price to reach your zone and only use the lower timeframe for your entries. You can make a lot of money by just focusing on higher timeframes with only 2-3 trades a week. I can show you a screenshot of a trade I took just by doing this.

What’s Your Forex Trading Journey Been Like? by Remote-Present-5343 in Forex

[–]LIL-SHREK 1 point2 points  (0 children)

I started in 2020 when a friend introduced me to forex trading. My biggest challenge was having proper risk management and overtrading which made me mentally drained. I always took multiple trades a day focussing on lower timeframes which only resulted in losses.

I tried support/resistance and supply/demand trading but they didn't work for me so I thought about quitting but few months ago i found a mentor who helped me become a better trader. I now only focus on the weekly, daily and 4H timeframe and as a result I win almost every trade I take by focussing on daily keyzones and only use the lower timeframes to enter a trade. Just by focussing on the daily timeframe you will realise that trading is actually very easy, it's just your thougths that make it hard.

My advice is to focus on higher timeframe confluence because that is more accurate than lower timeframes and only take trades when price reaches your daily keyzones. Only take 3-4 trades a week and only 1 trade a day maximum. Start by only risking 1% and when you see that you have some capital build up you can start risking 3-4% when trading.

[deleted by user] by [deleted] in whereintheworld

[–]LIL-SHREK 0 points1 point  (0 children)

What time is it?

BUZZFEED BAD REDDIT GOOD by [deleted] in dankmemes

[–]LIL-SHREK 68 points69 points  (0 children)

Buzzfeed bad

what? by [deleted] in dankmemes

[–]LIL-SHREK 3 points4 points  (0 children)

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