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- 270 Results (3 Threads, 267 Replies)
- pizd0s replied Jun 1, 2024
Combine a few complementary ones to confirm signals and avoid cluttering your chart. Understand each indicator's function and backtest them on historical data to evaluate performance. Adjust settings based on current market conditions to enhance ...
- pizd0s replied Jun 1, 2024
While no field guarantees absolute success due to changing market conditions, investing in a course significantly enhances the likelihood of success. Education provides essential tools, skills, and knowledge needed to navigate and adapt to market ...
- pizd0s replied Jun 1, 2024
Basically they protect themselves against sudden price movements, where the loss can exceed your margin and they will have to either sue you or cover the loss with their money with their counterparty.
- pizd0s replied May 25, 2024
This is how backtesting usually done. You can also try walk forward test to achieve more robustness for your system. It's simple yet effective
- pizd0s replied May 21, 2024
When you have to make decision fast, how you ensure that you open order with desired stop loss or take profit? Is there an EA or some software which sets this automatically?
- pizd0s replied May 18, 2024
To maintain motivation as a newbie in trading, set realistic goals and celebrate small wins to keep yourself encouraged. Continuously educate yourself and view losses as learning experiences rather than failures. Not sure if there are good sources ...
- pizd0s replied May 18, 2024
High leverage can amplify both gains and losses, making it a double-edged sword for traders. While it allows for larger positions with a smaller capital outlay, which can potentially increase profits, it also significantly increases the risk of ...
- pizd0s replied May 17, 2024
Depends on market conditions. When there is high volatility I can make like 20-30 trades a day, but on average it is 15 days. It's important to underestimate your ability to focus on charts for a long time.
- pizd0s replied May 17, 2024
Really hard to determine its fair value. Basically it's continuing process you should constantly monitor is it gaining adoption or not especially concerning rules of its trading and exchange in different countries.
- pizd0s replied May 15, 2024
Scalping can be profitable in the short term due to its high-frequency nature, but sustaining long-term profitability requires precise execution, discipline, and frequent adaptation to changing market conditions. It's challenging due to transaction ...
- pizd0s replied May 14, 2024
Start by mastering a single trading strategy that aligns with your trading style and risk tolerance. Practice executing trades on a demo account until you consistently achieve profitable results. Additionally, prioritize risk management by using ...
- pizd0s replied Apr 27, 2024
To find day trading levels from daily candles, focus on identifying significant highs and lows within the daily candle's range. Plot key support and resistance levels based on these highs and lows, considering previous swing points and round ...
- pizd0s replied Apr 27, 2024
Focusing on one or two currency pairs and one timeframe can offer several benefits, including deeper understanding, improved consistency, and streamlined analysis. By specializing in specific pairs and timeframe, you can develop a deeper ...
- pizd0s replied Apr 27, 2024
Probably because risk per trade is too high. It means you put a lot on the table and have a feeling that you can't afford to lose what you risk. Otherwise you would be less nervous. Also this tends to worsen with time because of growing mental and ...
- pizd0s replied Apr 27, 2024
Trading itself is a relatively easy since it involves buying and selling action, setting stop and profit targets, choosing leverage etc. However exploring nuances of price analysis and prediction is harder and is getting harder every day because of ...
- pizd0s replied Apr 16, 2024
It took me 3 years to become sufficiently profitable. However I still have months with negative returns but I get used to it since consider losses as inherent feature of taking risk
- pizd0s replied Apr 3, 2024
I think because they don't know it's a dead knowledge. This is because trading itself is easy sometimes there are random wins so you can try different approaches make profit and become and advocate of the method, genuinely thinking that it works.
- pizd0s replied Mar 27, 2024
Successful scalping requires rapid decision-making, tight risk management, and the ability to capitalize on small price movements. However, it also entails high transaction costs and may require advanced technology and infrastructure to execute ...
- pizd0s replied Mar 27, 2024
In my experience, trailing stops offer a more flexible approach to managing trades compared to take-profit orders alone. Trailing stops allow traders to capture potential larger gains by letting profits run while still protecting against significant ...
- pizd0s replied Mar 25, 2024
In my experience as a trader, high leverage can amplify both profits and losses. While it can potentially lead to significant gains with a small initial investment, it also increases the risk of substantial losses if trades move against you. ...