Recent content by Faelar

Agreed, it's better to be one step ahead and adjust position sizes before significant news release. Fortunately, the time when major economic news released is well-known, so such a due diligence will be only beneficial.

I don’t understand why this discussion even exists? How can anyone compare theoretical knowledge and first hand experience? Practical background will give you incomparably more. Of course if you are willing to participate too. i mean not just trade, but also analyze and make the right conclusions.

People will always judge. The main is not to judge yourself because of their opinion, do what you wanna do, operate your own vision and ideas, don't pay attention to those who say that it's a time squander or something like that. They will never have a power to start off in such a risky...

Just like walking into any other business sphere or industry. Conducting a complete industry appraisal. Who are the winners, who are the losers in this landscape. Find the winners, try to figure out what they are doing right. Don't believe in everyone saying they are doing this professionally...

trader should never give up trading in case he has decided to start trading... weird statement :D anyway, it's really like that. i dunno know maybe I am so responsible that I got used to pursue any case, but i know that it's a good and useful characteristics of a trader. you should tryna...

It is very predictable that everyone started writing about The Wolf of Wall Street. Of course, this movie does a good job of showing the beautiful rich life. That's why a lot of people are interested in trading. Of course everyone wants to sail on big beautiful yachts, live in a big house and...

Well, as you correctly noted, you need a special tool for it, however I know there are some brokers which offer the opportunity to close all the opened trades at once, but of course you perhaps have other positions which you don't wnna close. So, in this case it's better to ask a broker whether...

perhaps... it's a distinguishing trait of all the traders :D basically, it's just a protection function of your brain, when you are looking for the excuses, you relieve the burden of your brain. Your brain, when you lose a position or several in a row, try to find the excuses and you do it...

I knew that feeling. I was afraid also before I have joined the trade.com. It's hard to percept the old things with a fresh eye. Still, it can lead you to a new experience. Hope to master this open-minded skill :)

I keep trading cross-pairs and these assets are getting more absorbing for me. For some reason, I had been overlooking cross pairs with EUR. Perhaps, I thought that EUR was as crucial as the American dollar and it was also driven by economic factors and therefore news, just like the greenback...

Surprised that with your big experience you didn’t leave pending orders before leaving on your business (as i understood you with trade.com for many years). As for the British pound, I was luckier than you and sold it off right on May 31.

I wanna do the same but as of now I lack extra margin. Maybe in the future I will open separate accounts to trade several assets in the long-term. What attracts me in this approach is that you can relax once you entered the market at the right time and then it only remains to move take profits...

I noticed that that cross pairs are less dependent on breaking economic news and it’s one of the major reasons to trade these assets for me.

Was going to share my achivement in the begining of the april, but times go so quickly and just noticed the screenshot I made... Anyway, luckily managed to kick in on AUD/CAD. Earlier I told that I had a strong desire to trade this cross pair but I didn’t have an opportunity to enter the market...

I don’t know why I didn’t do that. Maybe I just forgot about it and it all went another way. When I got back I read a lot about such cross pairs as AUD/CAD and AUD/NZD. There was one more cross pair but I don’t remember it. One guy told that these three cross pairs bring steady income to...