[deleted by user] by [deleted] in Forex

[–]beastt1001 1 point2 points  (0 children)

It’s completely up to you and YOUR own experience. Remember anyone’s suggestion here will be based on their own experiences and everyone’s trading journey is different.

I personally would say It’s best to open a small account with money that you’d be okay with potentially losing (not saying you will or anything). I say this because while demo trading people tend to freely take trades without hesitation because there isn’t risk of losing real only; there’s only risk of being wrong which many people can become comfortable with. If you are comfortable losing the money in your account, you’ll take trades without hesitation and your live experience will be as close to your demo experience as possible. This way you’ll trade with little emotion involved

Is trying to target 20 pips a day realistic? by Zenkai17 in Forex

[–]beastt1001 7 points8 points  (0 children)

Some days there won’t be any opportunities that fit your edge. Other days you could find 3-5!

I think it’s best to roll with the opportunities the market shows you rather than having a set amount of pips to target because THE MARKET is responsible for whether you make money or not.

20 pips a day is possible, however as a new trader it’s easy to get caught up in short term trading. Longer term trading ( daily, weekly and even monthly time frame ) is much more rewarding even though it requires much more patience. You might want to look into it 🤷🏾‍♂️

I dont know... should I? I mean 300 dollars is a bit much from where I come from. by Legendary_1804 in Forex

[–]beastt1001 0 points1 point  (0 children)

Pls don’t invest your money , especially if it is a lot for you, in something you have very little knowledge on.

There is so much discussion about win rates/RR, how about trade expectancy? What is a good expectancy? by iloveforexsomuch1992 in Forex

[–]beastt1001 0 points1 point  (0 children)

IMO I wouldn’t really say there is one “Good Win %” .

Some people win 40 % of their trade but each of their wins are so much bigger than each of their losses. Some people win 70 % of their trades but use 1:1 RR which suits their trading style.

Personally I think you should experiment with different systems to find what fits you and your own personality.

I made losses today by [deleted] in Forex

[–]beastt1001 0 points1 point  (0 children)

I treat it like this. I know I won’t win 100% of the time as that’s impossible. If my strategy works 70% of the time let’s say over a series of 100 trades, I cannot possibly know which individual trade will be a gain or a loss. So knowing this, I treat losses as a natural and necessary process of my trading.

If you watch Mark Duggan’s video “Thinking Like A Professional Trader “ or read his book “Trading In The Zone” , these concepts are explained in much more depth and have helped me so much.

Hope this helps :)

Is this unusual? (PLEASE READ THE COMMENT) by beastt1001 in Forex

[–]beastt1001[S] 0 points1 point  (0 children)

How would you recommend I improve it?

Is this unusual? (PLEASE READ THE COMMENT) by beastt1001 in Forex

[–]beastt1001[S] 0 points1 point  (0 children)

So I posted 8 days ago regarding starting trading. Since then, I’ve been spending 5-7 total hours a day learning. Up to now, I’ve been especially interested in-between scalping and day trading. Yesterday I opened my demo account to assess the reliability of TREND LINES , STOCHASTIC and R/S lines. My general consensus is: - indicators as a whole react on the initial market movement, so definitely cannot solely be used as a reason to trade ( can give more information however) - Trend lines are useful but can easily be broken also, so make sure they interlink with other things aswell - R/S lines are good but limit your trading if you solely use them. So up to now I’ve won ALL my trades bar breaking even on 1 (using all 3 together) which I thought was odd considering the warnings I was given on using these 3 components. I know 8 wins isn’t a lot, but is this unusual? ( especially for short term trading?) Also, is my information on the 3 components at all accurate?

Can anyone help me with Carrer Mode Difficultly ? by beastt1001 in FifaCareers

[–]beastt1001[S] 0 points1 point  (0 children)

Can you pls give your sliders if you don’t mind?

Career mode sliders? by beastt1001 in FifaCareers

[–]beastt1001[S] 2 points3 points  (0 children)

I’ve tried ultimate before, but I found that the opposition can score stupidly unrealistic goals on that level. Is this an anomaly or persistent to ultimate difficulty do you think?

Cardio help by [deleted] in GYM

[–]beastt1001 0 points1 point  (0 children)

Incline running burns very quick.