Pay close attention to this cash management articles 18 thru 33 as you read this thread.
Pay close attention to this cash management articles 18 thru 33 as you read this thread.
Hi guys, thought id share this connection with you
Its a trader who blogs his expertise, largely discusses the plogy of gambling. Great read for anyone starting out.
Https://www.tradersreality.com/
Happy Trading
Hi!
I am not sure whether this is the right place to speak about this subject, but since I have just begun Forex trading, I guess I am a beginner and I am at the right location.
I have begun trading for just over 3 months. Mistakes were made by me, had a good run and I am still studying.
But recently I am having this happening scenario happening and I am not certain whether this is really normal.
I am usually 40% to 60% directly on the direction on where the chart is going. However recently I am getting stop-loss by 1 to 10 pips until the price goes my direction or the price is just 1 to 10 pips out of hitting my limit order before going the direction I intended. It has been consecutively happening for this particular week, out of my 13 consecutively losses, 8 of them hit on my SLs before going my intended direction. It doesn't matter whether the SL is 40 pips away or over 100 pips away, it keep happening. Additionally, I have missed over 6 to seven trades that were good since price didn't reach my limit, missing up to 0.5 pips away! It has been happening for the past week and I believe its very unusual or does luck have anything to do with this? Does this phenomenon occurs all the time to some experienced traders on the market?
I would like to find somewhere to rage but I don't want to perform it in the markets from revenge trading and I don't need to chase the trades too.
Self learning isn't just Fx but also others profession. But speaking without a mentor that is great that difficult to learn Forex as a beginner. Since this market is widespread and much volatile. Demo trading can be taken by beginners for self learning besides Pips school.
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http://thetraderfx.blogspot.hr/2017/...unts-2017.html