Questions & Answers

Questions & Answers

Forex liquidity?

I'm having problem with liquidity. Do you entry only with trade with liquidity? Was equal high/low enough to be defined as liquidity? You're not having a liquidity problem as a retail FX trader. Liquidity is a problem with things like low volume options, where you

Questions & Answers

Opinion on people who post P/L porn?

P/L porn is, for me at least, amusing AF. Because it doesn't say what they think it says. The poster is like "I'm a badass, look at me" but in reality, all they're saying is they can't make a

Questions & Answers

In your experience, what are the successful exit strategy that has been doing well, and on which pair?

Pay attention to momentum and what the candles say. If you're going to trade short term, you got to be able to read those candles like the back of your hand. Exit the trade when momentum slows, keeping in mind volume and momentum are different things. You mentioned

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Is journalling one of OR the main reason you're profitable?

Journaling, or rather R&D, is the ONLY reason I'm profitable. Not main reason, not top reason, ONLY reason. Between the blind leading the blind and the scammers trying to scam, odds are any advice you get will be total crap. There's almost no point

Questions & Answers

Is scalping/intraday profitable?

Scalping can be profitable, but you should keep in mind transaction costs. If you scalp 5 pips and spread is 1 pip then 20% goes to transaction costs. If you swing trade 50 pips and spread is 1 pip then 2% goes to transaction costs. In theory you can make

Questions & Answers

What's harder, passing a "prop firm" challenge, or keeping the account?

The challenge is a onetime deal while continued profits from a funded account is an ongoing affair. Keeping the account is going to be harder from a statistical standpoint, but I'd argue neither should matter. If you ran the numbers to make it near impossible to blow the

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What are the best free courses out there?

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

Questions & Answers

What is the best Risk Reward Ratio for you?

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

Questions & Answers

Are there people who are making consistent profit from "prop firms"?

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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Just a month of consistency and can’t help daydreaming already.

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

Questions & Answers

It feels like 1:3 R:R doesn't work for my positions.

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

Questions & Answers

Why are the "prop firms" removing 'unlimited time'?

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.