I would not say that. There are many hedging strategies which are profitable but traders keep them for themselves. There are lots of hedging strategies shared on the internet as well but I can't say for sure if they are giving profit or not.
Agree with you. We should not limit ourselves or our thoughts to something like that. Some people share their ways of trading and there are many who claim to be pro talk on different places on the internet. But we should not believe everything we see on the internet.
Pending orders during NFP brings lots of slippage and if price spikes and takes the opposite direction then the loss can be huge. It is difficult for me to believe that pending orders with NFP has such high success rate.
Yeah. We can always learn from others who share their experiences and use it to our own advantage. The thing we should remember is that we are in this business for profit and how we should get it is up to us and us only.
That was long ago. Now What I see is that EUR/USD has created a head & shoulders and broken the neckline. And is now bearish. And if the fall continues then it should be heading towards 1.207xx zone where it will also get a support.
1:3 reward ratio is a difficult thing to achieve. That's my opinion by the way. It would be less stressful to create a 1:1.5 or 1:2 risk reward ratio. But if that's your preference then it's good if you can do that.
I am not sure if it was the same article but looks like it http://uk.businessinsider.com/the-us-charged-3-former-jpmorgan-citi-and-barclays-fx-traders-over-currency-rigging-2017-1
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Well new traders make this mistake and tend to learn about the mistake the hard way. Despite numerous warnings they think they will not be the ones among those who has made the mistake and they are exceptional. Until they learn the truth.
Well there are limitations imposed on micro accounts and also there are various types of accounts which suits different types of traders. Usually if a trader deposits large amount in a non dealing desk broker then he is supposed to get some special treatment because broker would earn more from...
Well we are human beings and no matter what we say we can not get rid of our emotions. But what we can do is not to let them in our way of trading by planning a trade before entering.
Wow. 70% is an excellent winning ratio. If you don't mind then can you please share more about your strategy. If you share then I will have a look on how it may work for me.
It is true. Experience does not have any replacement. What experience can teach us, nothing else can teach us those. The path to success is a thorny one and very difficult to cross but once we overcome all the obstacles then good things lie ahead.
This is very true. Even if a trader uses a trading strategy which has a low success rate. A good money management plan can make that method profitable. And over time a trader can improve his chances to win and hence proper money management strategies will bring more profit.
Well risk is part of the process and there is nothing one can do about it. If you seek to make profit then you have to risk your money. But from your post I think you already have a well developed method which has not yet given you consistent profit.
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