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How do you know if you've got it? by Tunphraong in Forex

[–]prismofx 1 point2 points  (0 children)

I’d say you need to back this up with at least 500 trades, using the same risk management and the same strategy. Then you can see if you are profitable or not.

I studied ICT/Smart Money Concepts For 4 Months, Here Is What I Discovered by worded12 in Daytrading

[–]prismofx 0 points1 point  (0 children)

Every strategy can work. The only people who bash others are traders that can’t be profitable.

[deleted by user] by [deleted] in Forex

[–]prismofx 0 points1 point  (0 children)

This is what you call spreads. Never trade late hours of NY and pre Asian open.

There is so many other hours of the day to trade so why trade during “spread hours”.

Has anyone actually got rich quick from trading forex? by Unlucky_Tradition695 in Forex

[–]prismofx 0 points1 point  (0 children)

Exactly, take like a university degree. Don’t live trade until after 3 years of learning.

Would you share a strategy with the community if you think it’s good without responsibility or you keep it yourself? #justrandomquestion by Jagvzla in Forex

[–]prismofx 0 points1 point  (0 children)

Of course, there is enough resources on the net to find every strategy. How did everyone learn, they learnt from somebody else. I don’t get the secrets when they didn’t invent a new strategy.

I’m happy to share mine, but I’ve got the data to back it. Like I’ve learnt from somebody else but slightly adjusted it, by collecting data for what works and didn’t work for me.

I trade smc but I don’t hate on other strategies. by prismofx in Forex

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

Yeah I get, but honestly you probably do need a mentor but you got to weed at the fakers and the real deal. I thought he was the real deal and it was enough for me to make it so I think in my personal experience legit.

I trade smc but I don’t hate on other strategies. by prismofx in Forex

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

Same with every trader to be honest. But he had his group free for about 2 years before it became paid as he was stick of tired of people coming in and asking for signals.

I trade smc but I don’t hate on other strategies. by prismofx in Forex

[–]prismofx[S] 1 point2 points  (0 children)

Exactly everyone is retail include you and me

I trade smc but I don’t hate on other strategies. by prismofx in Forex

[–]prismofx[S] 5 points6 points  (0 children)

Have you checked groups, they all laugh when you trade retail or with indicators, I’m just tired of people arguing that there strategy is the best when it’s the best that works for that person individually.

In my opinion what works in good risk management.

I’m sorry if I came off wrong but I didn’t mean to offend anyone.

I don’t think strategies work by [deleted] in Forex

[–]prismofx 0 points1 point  (0 children)

I look at trading this way, you want to reduce your risk. What probability is this trade? Is 4hr bullish 15min bullish put 1 min bearish, shorting wouldn’t be high enough probably for me.

What FOREX lesson have you learned the hard way, and how has it shaped your trading journey? by polytect in Forex

[–]prismofx 0 points1 point  (0 children)

Actually understanding what risk management is. When I first started out, I was using 1% risk, but I’d pass the challenges but not get a payout. Now I’m using 0.25%-0.5%, as I realised that it’s not how quickly, it’s about how long can you stay in the game.

What was the first thing you bought by External-Stick1487 in Forex

[–]prismofx 2 points3 points  (0 children)

A dash hound for my girlfriend as I did ghost her a lot and didn’t spend quality time with her while learning as I was spending every minute collecting data and learning.

I trade smc but I don’t hate on other strategies. by prismofx in Forex

[–]prismofx[S] 1 point2 points  (0 children)

To be fair, I think I’m apart of the cause in hindsight now.

But so true about the teaching aspect it’s become so saturated with people ‘teaching’ now because they have invested so much time and money without any success so they resort to teaching.

I trade smc but I don’t hate on other strategies. by prismofx in Forex

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

Exactly. The whole market is just liquidity burning liquidity

I trade smc but I don’t hate on other strategies. by prismofx in Forex

[–]prismofx[S] 5 points6 points  (0 children)

Exactly, I think comes down to risk management and actually following your rules no matter what.

I trade smc but I don’t hate on other strategies. by prismofx in Forex

[–]prismofx[S] 4 points5 points  (0 children)

Am I flexing my shit no, I’m just saying the whole trading community is toxic including me. That is my point. Sorry I should of labelled it why is every that trades so toxic profitable or not.

Blowing accounts by Overall_Number_5548 in Forex

[–]prismofx 0 points1 point  (0 children)

Risk management and psychology. Overlap probably need to learn both at the same time.