Any thoughts or advise on this. I am new to Forex trading and got stuck in this two trades. Should I wait or close it? Looking at trumps tarrifs guess it will go up more.

Hello everyone, where do you see gold going in the upcoming days ?

I'm a swing trader. Traded full time over a year and then figured out my strategy. Everything went well after a lot of trail and error. Started becoming profitable. But then around midnight of my country's time, I could see the spreads expand like crazy for every currency pair. So overnight all my trades hit SL or TP without the price actually reaching there.

It is like i figured it all out, yet this one is stopping me from profitable. So my question is How do you all handle hold your trades overnight? Do y'all also face this problem with your broker?

Note: I have tried to make my strategy work with lower timeframes. But it doesn't work for me.

I have been learning trading for a long time From basics to advanced I am acquiring all the knowledge but sometimes I feel scared that trading might not actually make money Can an experienced trader guide me a bit regarding this?

Check the spider been playing around with GJ 😂

Hi my strategie is to follow the istitution when they filo out every retail and usually happen in pre session. Does someone do same so we can share opinion? I’m starting working 9/5 so my time for read chart is not so long.. Appreciate yall

Did Mr. Trump gave a speech or posted a tweet? I’m on a work meeting and I’m seeing all the charts go crazy!

I posted about both these setups between 27-28th March. The logic behind them was pretty simple—Position yourself within the primary trend.

As for the EURUSD long, the bullish engulf right off the 200 day moving average was an excellent long; a great spot to manage risk.

Same for USDJPY just in the opposite direction. This time a bearish engulf right below key moving averages. A close below the 21EMA provides an opportunity to even pyramid lower into your position but without running your average cost too low.

Keep it simple. Manage risk.

Ive been learning to trade for just shy of a year and a half and that whole time Ive gotten comfortable day trading, it was the first kind of trading I tried and it stuck with me and now I have 4 years of backtested data with consistent profitability, however the last few months of demo made it clear that I can’t use this realistically because I have time constraints which I can’t just cut out i.e work, personal life commitment stuff.

For the sake of my psychology I don’t intend to trade full time or have trading as my main job and source of income. HFT scares the piss out of me so swing trading seems a more realistic approach.

For context the first 6 months I was gold trading and the last year I’ve been solely trading eurusd.

Tldr ~ not sure where to start in switching to swing trading eurusd or potentially another pair or future after day trading

I bought a $25,000 prop account and started rage trading and lost all my discipline. The maximum drawdown for the account is 10%, I’m currently at 5% drawdown. I’m going to only place one trade a day, whether it wins or loses. I’m going to be risking $125 a trade, including commission, which will hopefully keep me alive if I go through a rough patch. I’ll be trading at a 2:1 reward to risk ratio. This thread is to keep me accountable.

Same question.

Let's say your trade is 95 percent of the way to your take profit and you happen to be at your screen, do you close the trade or does your ego tell you the market owes you the satisfaction of hitting that TP? Remember: the market doesn't care about the fragile human ego, and it owes you NOTHING..

I know in coinbase there is an incentive to use limit orders as you save a lot in commissions. Is there something similar in Oanda, using limit orders instead of stop orders? I'm not too familiar with the orders mechanics.

If you know you know

Had my limit orders set😭

Reasoning:

#This test was aimed to test out sessions in the market. #I switched instruments as I had two losses in EUR/USD and I thought that my losses could have been attributed to misaligned Higher Time Frame biases. #I realized that I was eventually right as my mentor said in a video that it’s not ideal to trade a market with Higher Time Frame biases clashing against each other. #I switched to gold and noticed that all Higher Time Frames aligned in a bullish manner. #I looked for a disrespect on the 15m-1hour during this bullish bias in the morning in the New York Session predicting the possibility of a London low Takeout #The London low was taken out and then a Break of structure was formed on the 15 minute and I entered off of that targeting previous highs. #First Take profit was hit and market reversed after.

Review on Trade:

#There were problems during the position sizing on the trade as it was last minute and rushed. So our positions ended up being too big. #While our profits were magnified because of our position size, this is not ideal as it can also magnify our losses #Take profit technique still needs to be refined. Don’t be greedy, set logical targets and take partials as well.

Lessons Learned:

#Make sure your lot size is calculated accurately and promptly b4 your trade. #Don’t be greedy and set logical take profits as anything in the market can happen at anytime. #Take partials and try to reset stop loss at entry.

Im not talking about the news or anything but lately i i get wicked out so many times while my trade does go the right way. I trade on daily/4h

exactly what the title says :) i guess

I have seen a lot comments in this sub, and in trading and daytrading subs saying that the market is “self efficient”

That is very hard to make money bc the market is that

That is not possible to make consistent money because of that That even is impossible to make money because of that, they have said.

Lot of comments, but when i ask, nobody answers

I have tried asking LLMs and they dont provide me a reasonable answer

What people mean by that? Can somebody elaborate????

Looks like a common term everybody knows

As I want to start trading in Alberta, I have to qualify as an ACCREDITED INVESTOR and if I was able to meet their requirements trust me I wouldn’t not be doing trading to make money.

That means a person who is working minimum wage job has no right to do trading in Alberta or there is any other option?! I tried CFM market, Forex.com all of them are asking for the documents to verify as a Accredited Investor. Anyone has any idea please help🙏

Shorted EUR/USD last night but made peanuts (meaning, failed to reach my 1% daily target).

Then today, broke my rules and the problems started, of course :-(

I am supposed to stop trading after the first win of the day: even if it is less than 1%, or even if it did not make up for an earlier loss. Instead, I basically overtraded and found myself in a huge loss, Then I wanted to (over)trade even more, to make up for the loss.

Ended the day with a tiny profit (not unlike the one I already had last night...) that brought account up to $118.

Regardless of the volatility we had earlier, I an again holding a negative bias for this pair - the only forex pair I trade.

guys is there any way I could check the stats of the people in the leaderboard in ftmo