Technical- Trading.live

What is the worst thing that bothers you in Trading?

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Profitable & consistent daytraders, how much did you lose before making it?

fong zi cheng

I would say my journey of trading FX wasn't very tough. I started off young so therefore the capital wasnt too huge but I lost 80% of what I deposited. The reason of the loss was due to trading without proper risk management and greed. I started investing time into learning and got myself to who I am today.

"What's your morning routine like?

Angelo Windsor

5am wakeup 5:15am to 5:30am - Meditation 5:30am - Coffee 5:30am to 5:45am - Journaling/daily goal setting 5:45am to 6:00am - Check news/ForexFactory 6:00am - Start charting and start the trading day Work until 10am ish 1:00pm - Gym Lunch after and enjoy the day Studying/chart setup gets done sometimes at night. I don't really trade Asia anymore. Just finished my chart setup and replying to reddit, should probably get to sleep lol

Which is of greater significance and simplicity for you: a High Risk-Reward Ratio (RR) or a High Win Rate?

saifalhilali

I think it's a mix of both For example 55% win rate with risk to reward 1-1.5 still profitable And 45% win rate with risk to reward 1-2 also profitable

Are Forex Bots Profitable?

sifusteve

Never used before. Therefore, cannot really answer it. However, some bots do well, some don't. Its programmed by humans. If the human is not proficient in trading, therefore the program will not be as profitable.

WHY TRADE GOLD AND WHAT ARE THE MAIN TRADING STRATEGIES?

saifalhilali

We trade gold for many reason the first reason is it's consider the first save heaven instrument in forex market trading strategy supply and demand based on market need and trend following .

How Long Till I Become Consistently Profitable?

Chandan Gupta

In reality, I have no idea, and no other mentor/trainer does either. Why? Becoming consistently profitable depends upon the following; a) how much time you can dedicate to this b) your experience/skill level c) how fast you will digest it d) your psychological and emotional disposition (trading mindset) e) how disciplined you are in following the rules f) how the market will be in the future There is probably more, but based on all this, how can I give you a specific answer? Now, I’ve had students do this in a couple months. Some took six months, others took a year or more. In all honesty, there is no way for me to know or answer this specifically. Insight: For some reason, when people approach trading, they seem to have a general myopia about the learning process. Imagine walking into a martial arts school and asking, ‘how long till I become a black belt?‘ Or a beginner walking into an archery school asking the head teacher ‘how long before I can consistently hit the bullseye?‘ Would you really walk into any of these schools and ask these same questions? Does any of the above scenarios make sense to you? I’m guessing not, so ask yourself why you feel trading is different? I understand why you are asking this question – I really do! But this is not the question you should be asking. What you should be asking is the following question: “What are the skills I need to become a consistently profitable trader” This same type of question can be asked in any of the above scenarios and would be totally appropriate to ask. In fact, they would actually speed up the learning process for you if you approached your training this way. Food for thought.

Do you think making decisions from one timeframe is enough?

Gregary Herty

Adding more will just confuse the geewillikers out of you and you'll suffer from analysis paralysis, then proceed to go crazy.

What are the best timeframes in forex trading?

Chandan Gupta

Best forex timeframes for scalpers Scalping is a trading style that involves identifying small price changes in the forex market and then buying and selling high volumes of currency over very short periods. By repeating this strategy over time, scalpers aim to build up a series of little gains that add up to a decent day’s profits. Scalpers usually work within very small timeframes of one minute to 15 minutes. However, the one- or two-minute timeframes tend to be favoured among scalpers. To action this strategy, you must choose a highly liquid currency pairing. Buy into the market and watch the market movements, and use trend analysis to identify an appropriate entry point. You can then buy a certain amount of your chosen currency and wait for it to tick up very slightly within a one-minute window. Once it ticks up, you sell your holding and bank the profits, then start the process all over again. If it doesn’t tick up by the end of the one-minute timeframe, you’ll sell at a small loss before trying again to profit from a new one-minute timeframe.

WHY do you think you still standing here in this industry?

fong zi cheng

The reason why I am still here is because I am profitable and I am living the life I want.

Do you prefer trading on mobile or laptop/desktop?

fong zi cheng

I prefer to do my analysis on PC as I have a bigger screen. For execution wise, I prefer on mobile.

How should I analyse the market?

Chandan Gupta

A good trading coach should be able to explain to you the advantages and drawbacks of popular market analysing tools, such as technical, fundamental and sentiment analysis. While many successful traders base their trading decisions on a combination of two or more analytical disciplines, such as technicals and fundamentals, there are also many traders who’ve mastered only one approach and trade profitably with it. If your trading style requires longer-term trading, then combining fundamental analysis with technicals might be a wise decision. Currencies follow the development of macro-fundamentals in the long run, and market-moving reports can easily break a well-defined support or resistance zone. Traders who combine fundamentals in their trading are able to anticipate large exchange rate moves and increase the success rate.

How much should I risk per trade?

Chandan Gupta

Risk management is perhaps the most important part of trading success. Nobody knows what the market will do in the next day, the next hour or even the next minute. When we place a trade, it’s all about probability – we believe that our trade has a higher chance to win than to lose and pull the trigger to open the position. The risk we take in the market is the only thing that we’ve full control over. Successful traders are well aware of this and risk only a small percentage of their total trading account on any single trade. The golden rule is not to risk more than 2% of your trading account on a trade – and as your account rises, consider even to reduce your risk-per-trade to 1%. A good Forex trading coach should be able to explain to you the main goals of a Forex trader: 1. Protect your capital 2. Cut your losses 3. Try to make a profit

Does a profitable EA exist?

fong zi cheng

What kind of music you hear while you trade? share your trading playlists

Valentine Walton

Follow you - Imagine Dragons

If I trade with leverage and get minus, Am I in debt with the broker?

Truman Lincoln

No, you take risk as much as equity you added

Ture or False, Stop Loss is what makes the money base on technical analysis?

yxI7687617

Stoploss is must to prevent margin call

Which one do you use to read the market.. using candlestick or linechart? Drop your reason also

Rebecca Bray

Candlesticks are easier to read because of the identification of candle pattern structure and market structure

Hello guys What is the best trading strategy? Are you in favor of automated play or not?

saifalhilali

And my point of view any strategy with 50% win rate with solid risk management it will be great ,I don't really suggest the idea of automated trade because market sentiment change based on fundamental

Why Do You Think 90% Of The Traders Fail?

Umair bin Aayid

Lack of Risk Management stratergy

#Technical

What is the worst thing that bothers you in Trading?

Profitable & consistent daytraders, how much did you lose before making it?

"What's your morning routine like?

Which is of greater significance and simplicity for you: a High Risk-Reward Ratio (RR) or a High Win Rate?

Are Forex Bots Profitable?

WHY TRADE GOLD AND WHAT ARE THE MAIN TRADING STRATEGIES?

How Long Till I Become Consistently Profitable?

Do you think making decisions from one timeframe is enough?

What are the best timeframes in forex trading?

WHY do you think you still standing here in this industry?

Do you prefer trading on mobile or laptop/desktop?

How should I analyse the market?

How much should I risk per trade?

Does a profitable EA exist?

What kind of music you hear while you trade? share your trading playlists

If I trade with leverage and get minus, Am I in debt with the broker?

Ture or False, Stop Loss is what makes the money base on technical analysis?

Which one do you use to read the market.. using candlestick or linechart? Drop your reason also

Hello guys What is the best trading strategy? Are you in favor of automated play or not?

Why Do You Think 90% Of The Traders Fail?