A strategy that makes money but destroys your peace usually doesnโt last.
A strategy that compounds both capital and mental clarity is much more sustainable.
If you don't care about fundamental analysis, you only use Technical analysis, then stop trading Currency pairs..
FX trading without understanding fundamental analysis is a losing game.
Try Stock indices for Technical based trading.
Good luck ๐ค
I'll protect whatโs currently working for me and I won't do the following:
1. suddenly add complexity,
2. start over trading because confidence is increasing,
3. start increasing size too aggressively, because of winning streaks.
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#forex
Most traders operate like this:
โI think price should reverse here.โ
โThis zone worked before.โ
โThis pattern usually does X.โ
โI already marked my bias before the session.โ
So, they become emotionally attached to an idea before the market even reveals its intention.
Don't try to trade the whole trading day, it's too stressful. If you're day trading, 2 or 3 hours should be enough to make 2:1 or 3:1 consistently every day as per your setup.
Don't try to trade the whole trading day, it's too stressful. If you're day trading, 2 or 3 hours should be enough to make 2:1 or 3:1 consistently every day as per your setup.
If you want to grow your trading account, then take Risk to reward ratio very serious.
Without proper RRR, your account will be stuck at break even. #forex
@TrueFX11@ogeetrades You get sense.
Timing is the most important thing.
Show up at a time when participation is high, and trade what you see for better RRR, whether continuation or reversal.
I stopped trading Currency pairs and started trading Stock indices and I never looked back.
Thank God my eyes were open.
If you want good price action follow through for intraday trading, RUN from Currency pairs.
Currency pairs performs best on the Daily timeframe upwards. ๐ฏ