Recent content by Doomsinger

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    Investment in Forex : Safe or Risky?

    It can be both. If you decide to take the short road to success and invest a big portion of your account size in your trading positions, it can be quite risky business. If you take a more conservative approach and follow the books when choosing a trade size, it can be really hard for anyone out...
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    more profitable pair

    I assume that major currency pairs are more favorable for trading, as well as they are considered to be most traded pairs. They are less volatile, meaning that you shouldn't bother about drastic price changes, and, at the same time they are highly liquid. Some minor currency pairs which don't...
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    Trading GBP/USD

    First up, you can use additional indicators to get the confirmation of a real breakout. Second, it’s impossible to get all the deals right, hence why we all recommended to use SLs. So don’t get discouraged and try again. Look for the new breakout.
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    fear or emotional reactions

    Yeah, I have a plethora of such stories and I bet others too, because emotional reactions are inherent to those who only make first steps in trading, so, consequently, each trader has ever encountered emotional turmoils. Back when I tried trading for the first time, I had only loss streaks...
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    Remove your emotions as much as possible.

    Generally, being sincere to you emotions are sometimes damaging, especially for a trader. I admit there's no way to become entirely emotionless, as it's in our nature. But at the same time, this energy, a human spends on emotions, can be easily aimed at other significant things. But, it...
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    trading journey

    In almost any trading platform you can upload a statement of any period of time you want to see the results. I tend to do this from time to time just to make sure everything goes in the right direction for me. Cuz you can’t track all your trading results in your head. you think you can but the...
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    HI Whats your best piece of advice to get trading

    This process normally takes years. And if you are doing it all on your own, you can take some paths that are just not right and would hinder your development. This does not have to be the case but anything can happen. I'd say, that if you want to expedite and speed up your process, try looking...
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    Trading with several brokers

    One broker is not enough for me even if it’s very reliable. I feel safer when I trade with two or three brokers, but I think that the number of three brokers shouldn’t be exceeded because you may get lose in the number of trading accounts and platforms. It also increases the probability of a...
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    Searching High leverage brokers!

    I don’t find 1:500 high leverage. It’s reasonable and moderate. For me higher leverages start with 1:1000. They require smaller margin and seduce beginners with higher profits. I don’t recommend going higher then 1:500. 1:300 would be even better if you can afford such margin.
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    GBPUSD Trade Idea's

    There are definitely some interesting waves on the final chart there. I think it is a trait of a disciplined trait that you lock in your profits and do not let the market decide the faith of your P&L blindly. Sure, you can trust your systems and models, and you may have a very high conviction...
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    90 days Challenge. Starting balance 200$

    Wow! Two hundred bucks in two days! I assume there was no proper risk management involved. It doesn't really matter what broker you use, the end result would be the same anyways. Better be more cautious next time.
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    Discuss Trade.com (Lead Capital Markets)

    That sounds interesting. I was always skeptical about trading bots to be honest. Because it feels oversimplified to me that mechanical algorithms can be applied to the market. With all its changing nature, all the fluctuations and turbulences. And I am still not very sure that it’s possible.
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    Discuss Trade.com (Lead Capital Markets)

    Can you share with us what strategy you use for automation or ti’s top secret?
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    Currency Strength and Weakness for Tuesday 26th April 2022

    Thank you for the useful information. It is always a pleasure to read such things.
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    April 5. Day that everything starts

    It's cool that even though you couldn't or didn't want to do it at some point, you decided to go back after all. I wish you a lot of luck and patience at this stage. Write, we will look forward to positive results. Good luck!
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