Questions & Answers

How to be more patient?

You'll be more patient when you want the money more than you want to win. Right now, you want to trade, you want to be right, and

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Opinions? Sell position in USDJPY.

Going for a sell position in USDJPY: In D1 ema(200) hitting peak, adx up but seems to be getting weaker, rsi and %r reveal a overbought situation. In W1 its the sma(50) hittingthe peak but the ema Is uptrending, adx same as D1. Hoping yo get down till

Questions & Answers

I don't understand this, Is my math wrong or what?

So I recently saw a post on how someone past their funded account. The issue was the person said they used 0.5% risk to pass the challenge because 1% risk kept on making them lose thier acc. My question is if I on average take 8-9 trades in a

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New in Forex, any advice please?

I am new into Forex, recently I bought a course on Udemy. I’m nearly done with the course , I’m 75 % into it. As a newbie , what are some advices that will help me succeed ? Anything would be appreciated ! If you want to make money, never take advice from

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Profitable veterans, what's your secret?

Do you follow a simple system or a complex system? Did you make that system up all by yourself or following your mentor? Do you think a simple system can make you a millionaire? It would be really nice if only the ones who are very much experienced in the

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Does trading really need a PC and lots of capital?

You don't NEED a PC and tons of capital to make money, but you're not doing yourself any favors by trading with a phone and $30.

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ChatGPT

I'm curious, how many of you are incorporating AI tools like ChatGPT in your trading strategies? Whether you're applying it for fundamental analysis, technical analysis, or a combination of both, I'd love to hear the types of prompts you're using. Has AI

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What is the balance between

Letting the market tell you what it's doing ... & Not trying to predict the market? I appreciate the good advice in not trying to predict the market, however if you are trying to let the market tell you what it's doing, surely you are predicting the

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Prop firm vs Personal account.

Which account is easier for you? Personally, I find trading my personal account easier than prop accounts. The idea of a tradings props is great but it just doesn't hit me in the right spot. I've tried 3 prop accounts so far. I lost 2 in

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Is there a point in learning trading with the emergence of AI trading bots?

Well to start with, AI doesn't exist at the time of this post. What you think is AI, it's mostly LLM's (Large Language Models) that take existing knowledge (or noise in the case of things like Stable Diffusion) and sort it around. There'

Lessons

Let's talk briefly about odds.

Which has better odds of making a profit? Risking 1 to make 2 or risking 2 to make 1? 1:2 has 33% odds to win, 2:1 has 77% odds to win. Most people would then say "well the end profit is the same, it evens out"

Questions & Answers

Don't know what I am doing wrong.

I started trading and my win rate was around 60% with a average 4RR. Lately this hasn't worked, what am I doing wrong? That, statistically, wasn't going to continue. There's an inverse correlation between WR and RR. You can draw a pie chart to