Recent content by Gromvelt

Nah, man, I know situations when guys entered with like $1k or even more thinking that they could be able to multiply them within a week. You know, turn $1k into $10k... Damn, and unfortunately such guys still exist, they don't understand that trading isn't about easy money, and it's very hard...

Advantages are pretty apparent, I reckon. It helps you to stick to the new environment whenever you step up on the new platform with a totally new broker for you. Another advantage is about helping new traders to assimilate in a new sphere for them, to understand how the market works, which...

Seems like FXTM client support didn't pass your Turing test hahaha

That's so sad... nevertheless I am convinced that in case of such a situation people have to set themselves in fron of the serious choice: continue or not. 6 years without any profits? You are perhaps a very strong and durable person as you still trade even in case of such a situation, I would...

There are no reasons not to believe in it actually. Of course I believe in it and moreover I always improve my trading plan and set new objectives. No doubts, that some traders neglect using trading plan but it really helps you a lot. It helps you to develop one of the most important thing for a...

That is a very nice calculator which is easy to use and easy to create. I believe that traders should always try to formalize all the decisions which they make be it risk/money management, market analysis and so on. Excel is a very powerful tool in skillful hands.

Speaking of timeframes, It is better to use several at a time in order to have a clear-cut idea of the total market situation. I, for one, use three at a time. Being a long-term trader, I usually use 1H as the main timeframe, H4 for determining the global trends and M30 for determining the...

I have never tried trading managers and I am quite skeptical about this whole idea. I mean that you can do everything on your own without any mediators in your trading. I think that the best thing would be the total control over your calculations and the whole decision making process. It is very...

It is pretty hard to predict whether the news will have a strong impact on the market or not. It requires certain experience in analysing the news. As for me, I pay attention only to those news which are highly discussed, they are usually labeled as breaking news. It is something like NFP, OPEC...

One of the worst habits is trading without a proper planning. So many people do that and then they wonder why the most deals they open are failed.

Once a month, I take advantage of the US Non-Farm Payrolls Report. This is the king of all economic reports, while the greenback is the king of currencies. The event usually creates strong trends in major currency pairs. Sometimes they can even last a couple of days in the same direction. But in...

Come on, MACD is too slow and lagging. Even if you find a divergence, it has to be confirmed by oscillators, and it might require too much time for working this divergence out. I saw many times MACD drawing multiple divergences but the market did not reverse. That was on the same hourly charts...

It's never good news, but what can you do... It is normal for something to go wrong, although most modern brokers have quite affordable swaps...

I don't really think that it can be called 'addiction'. They just have the wrong perception of what trading is and they try to turn quantity into quality but it not always work.

There was a great piece of advice not to buy some courses and learn something free of charge. Forex militatry school is absolutely free and it will help you to form your own opinion on the forex market. After it, you can read the forums here and also get different kind of information from the...