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I just started getting into forex but as I have read I see that there are a lot of bullshit creators out there so if yall can suggest some good creators with good free courses for me to learn that would be appreciated The best free resource is an old
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Hey guys, for all of the profitable traders out there, what is the best risk reward ratio for you? 2:1 for mean reversion. Yes, I’m aware it’s considered “bad” from gurus that make money selling a dream rather than trading; and long-term trend/momentum are stop and
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Yes, some people absolutely do but you got to play the odds. I cycle out prop firm accounts, if one has gained 1% then that account is no longer used for the month to guarantee me profits (and keep me off the radar). I risk 0.1% per trade; yes,
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One year into trading and slowly getting consistent. Survived max drawdown 40% and now up 40%. Learned my lesson (hopefully) and was able to keep my drawdown not more than 3% for a month. This weekend, cant stop thinking what I will be doing if I am able to keep
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I'm on my second month trading very small amounts through Oanda. Down about $5 on a $40 account as I try to find my system. One thought that keeps occurring to me is that a 1:3 rr simply doesn't fit the trades I tend to
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The problem is actually pretty simple, when the “prop firms” started offering unlimited time they were still using MetaTrader. Then they had to switch to things like DXtrade, cTrader, and Match Trade but these platforms charge a monthly license fee for each account.
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I loved the money more than the trade. When you want the money more than you want to be right, the rest solves itself. You build a system, based on numbers and odds, not emotions and opinions. Then you stick to that system because the numbers never lie, but opinions
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No. Just. No. This guy (Brad Goh) literally steals all his content from other people. Word for word. He just watches a YouTube video, like the top 10 ways to use MA. And he takes #1 and puts it at #4 and #4 goes to #1 then he parrots what
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If you want to make $20 a day, quit scalping. Take a swing trade that might make you $100 a week. Right now, if you're trying to make 5 pips and your spread is 1 pip then you're spending 20% on transaction costs. If you swing
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I'm trying to learn but Babypips just seems way too long. I got some bad news for you. If you want a skill that can potentially make you wealthy, it's going to take a lot more than reading a website or watching a few videos. All
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So, what is all this skepticism on the internet about people asking, "Can I grow my account from $100 to $10k in 12 months?" The answer is usually, "No, you can't," or "You need a bigger account," etc. If you take a
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My testing shows a positive expectancy, but I don't like the R:R ratio. If you have a positive expectancy, then the risk reward doesn't matter. The most profitable thing you can do is not hit SL. If that means you have a 100 pip TP