Thank you for your best wishes.
Yes, in fact, if you go to the forex broker websites, they clearly stated that 90% of the retail traders (you and I) lost their money. There are a lot of factors to it. One of them is being greedy. Being greedy can cause us to open bigger lots sizes more than we...
If this experiment is successful, I might think of providing paid signal service or copy trading service. It depends on the demand. It will be nice to earn extra income with the skill.
Tq for the encouragement. I hope everyone is earning.
Not all in. When I start with $30, it is really the matter of luck because one trade can possibly kill the account. As the account grow, I have more breather. On general, I am still risking too much money on every trade because the balance...
Day 11: Profit $36.37, Balance $173.51
Today was a bit crazy. The Gold was moving down drastically. You can check the Gold chart. I was long because the 4h and 1h chart are still quite bullish during Tokyo market. Once it enters London open, the trend has changed. My positions were closed...
I can suggest you to search the following:
1. Support and resistance.
2. Candlestick patterns.
3. Money Management in Forex Trading.
There are a lot of videos on YouTube.
In Gold Trading, all I use are those I mentioned above.
What I do before every trade is the following:
1. Determine...
Pure price action. Determine the trend, draw support and resistance line, trend line if applicable, multiple entry points. Be flexible and secure the profit if the chart shows reversal move. Opportunity is all the time in Gold Trading.
Thank you for your encouragement. Appreciate it a lot.
You...
Day 10: Profit $21.04, Balance $137.14
Today market was slow. It won't hit my take profit target, so I manually closed them once the price went against my direction to preserve the capital.
Day 9: Profit $23.23, Balance $116.10
This is my last trading for this week. I was busy and only manage to catch the trade during the last few hours of the market. Less is more.
I wish everyone a great weekend ahead.
Day 8: Profit -$4.16, Balance $92.87
The loss is due to over trading at my side. At first I have secured $39 profit. Later on I opened two more batch of trade one after another to gain more. That was when it went bad.
Lesson learnt: After every loss or gain, take a break, come back tomorrow.
Day 7: Profit -$23.65, Balance $97.03
Yesterday was a tough day. I am stopped multiple times only by few pips and the price went back to my direction.
Overall not good for me. Hopefully today is a better day.
Day 6: Profit $43.07, Balance $120.68 (293% gain from the initial deposit of $30.65)
Yesterday was a good day. I adjusted my money management a little bit.
Yes, I usually put limit order near the support or resistance line.
No worries, I lost many times in forex but I believe with determination and correct mindset, coupled with the right knowledge, we all can do it.
SL and PT are important. Everything is decided before I enter a position.
My...
I am trading price action. Basically using the naked chart and draw support and resistance lines. Trendline and candlestick formation also help.
This is my personal journey, posting the screenshots itself took me sometimes to do it. I will be happy if it is appreciated. :)
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