Recent content by bigdolly

Some popular self-help books in trading include "Trading for a Living" by Dr. Alexander Elder, "Market Wizards" series by Jack D. Schwager, and "Reminiscences of a Stock Operator" by Edwin Lefèvre. These books offer valuable insights into trading strategies, market psychology, and risk management

You can mitigate the impact of false signals by: 1. Using confirmation indicators or patterns to validate signals before entering trades. 2. Setting stop-loss orders at logical levels to limit potential losses if the trade turns out to be a false signal. 3. Waiting for additional confirmation...

Fear and emotional reactions are common challenges that traders face, often leading to irrational decision-making and poor trading outcomes. Recognizing and managing these emotions is crucial for successful trading. Strategies for dealing with fear and emotional reactions include maintaining a...

While a 12% monthly return is theoretically possible with auto trading, it often comes with heightened risk and may not be sustainable long-term. When evaluating auto trading systems, prioritize transparency, track record, and risk management practices. Look for reputable providers with verified...

When trading based on candlestick patterns, dealing with false signals requires a combination of patience and confirmation. Waiting for additional confirmation from other technical indicators or the next candlestick can help filter out potential false signals and improve the accuracy of trades.

Yes it's possible but not every month. Also this strategy looks quite risky because compounding return gives 280% yearly return which is insanely high.

Yeah it delivered great returns from the start of this year, now it becomes scary to invest in this asset

In MetaTrader, "Volumes" refers to the volume indicator, which displays the total number of transactions executed during a specified period. It can be used to analyze market activity and confirm the strength of price movements. I often use volume alongside price analysis to assess the validity...

Well yes many brokers are obligated to ask those documents from a trader, so you shouldn't be surprised.

I exercise caution by seeking confirmation from other technical indicators or price action patterns before initiating a trade. Additionally, I implement strict risk management measures, including setting tight stop-loss orders and limiting the size of each trade to mitigate potential losses...

The best time to trade gold during the day is typically when there is high liquidity and volatility in the market. This often coincides with the overlap of trading sessions between major financial centers, such as the London and New York sessions. Additionally, economic data releases...

Fear and emotional reactions can significantly impact trading decisions, often leading to poor outcomes. Effective ways to manage these emotions include practicing mindfulness and self-awareness techniques, such as deep breathing or meditation, to stay calm and focused during trading...

Common bad habits among beginner traders include overtrading, which leads to impulsive decisions and increased risk exposure, and neglecting proper risk management practices like setting stop-loss orders or risking too much capital on single trades. Additionally, beginners may fall prey to...

Yes I use it for automatic scalping if you have a bot that works on momentum, VPS is essential since results improve significantly

When dealing with false signals in candlestick pattern trading, it's crucial to confirm signals with additional technical indicators or price action confirmation. This can include using tools like moving averages, trendlines, or volume analysis to validate the signal's strength. Additionally...