Recent content by JoJozil

Let me try to explain how I understand it. In my opinion Painskin meant such a moment during trading when price is in profit zone. And at this moment stop loss value can be set above or below opening price depending on which way order was opened. For example, I opened order to buy Gold at the...

Hi everyone, since we are discussing different topics about trading on iForex I would like to know your opinion about locking positions. I am interested to know what you think about this trading system. Basically, it is just opening order of the same size but in the opposite direction from order...

Successful traders rarely think of the success because they relish their pastime and they are fully focused on the process, not on the result. Surely, I don't want to be cunning and say that professionals don't care about profits. They do, and actually that is the primary reason why they...

I would argue that it's important only in case of the day trading, because emotions control play the role in general, regardless of the preferred trading style. If you are a positional trader and keep your orders open for a certain period of time, any kind of bad news that somehow touches upon...

Have no profitable pairs, unfortunately. Everything is kinda balanced, I earn on the major currency pair and then can easily lose certain sums of money on it. The same is inherent to minors and exotic, so I can't stress any regularity in profitability. Of course, as I have started with...

Thanks for great advice, buddy! As you advised I waited for correction and when price stopped near support level I realized that this was the moment. I opened long and took profit! Perfect!

Bad experience of forex trading isn't a very rarer phenomenon, sincerely speaking. The majority of traders who are thrown away by the market never return to this sphere and start complaining about injustice. However, when you enter forex trading, you must have a certain established setup -...

LOL. I think at this point there is no sense to argue about it. The only thing that is left to resolve is the best entry point. What do you think?

I don’t know. I think it’s too early to make the final conclusions about BTC and other altcoins. Yes, it has been on the uptrend for a while but we have to wait for correction and then we can make our minds about it. Be very careful. It’s a complicated asset and very tricky to trade too.

Did it become clearer though?=)

I don't think a logical trader, even if they have a high risk-appetite, they would not want to trade into a huge macroeconomic data announcement. but if you wanna really really do that, I guess a wise way to go is to watch the first direction, which is usually clear in the first few minutes...

By the way continuing the topic of regulators and assets that can be traded on this broker's platform and ideas that can be used. What do you think about conflict between the SEC, and the world of cryptocurrencies? I noticed that cryptocurrencies react less to US Federal Reserve meetings, but...

Nah. I think it will continue its bulish run with the euro. It’s possible that the recession that we’ve all been waiting for is already over. Therefore greenback will lose its strenth further on.

It's mostly the dopamine rush that causes this. And it definitely could be financially devastating. No matter how good you are at trading, if you are doing this solely for a hormonal release in your body, like a true addiction, this can easily lead to mistakes. Don't be treating this like a...

Not really closely related, but still. Yeah, BTC has been tripping since its first trades. I can't imagine any other crypto that could fluctuate so much. Indeed, many of them are attached to the BTC, but anyway. As for my prediction, then since March it gained momentum and now it recalls me...