i usually trade on EJ, GJ, EU, GU pairs. among these pairs, whichever that trend better or have higher volatility, i will trade.
i believe that i need to focus on certain niche in order to be success.

i've used forex tester to accelerate my back testing, so far the strategy seems promising to me. however, when i start trading in live account, it's receiving mixed results. some months i get TP many times. some months i get SL many times.

my question is, how do you overcome the fear/depression/frustration in the month of many SLs and move on to keep trading?

All newbie problem. Wan more exciting game from fx? Go enter XAU. I'll confirm you will ever get a good sleep.

no offence but, that's not a good advice.. lol

thats the reason why I still havent enter XAU.

One thing I can share laa I guess is knowing your risk management well. Risk reward ratio, etc. Its the foundation of everything.
How many trades you are able to lose, how much trade u need to win to cover back those loses, how much risk per trade, etc. ^__^
With that strong foundation, then u no need worry even when Market are moving against you.
just my2cents. ^^

Anyway, I only trade gold FYI. Currency very less unless nfp. I not advise just teasing you. No hard feelings bro.

Why not? Just enter la

Hi, noob here. If wire transfer from malaysia to cyprus usually take how long.. my broker is fxprimus?

thanks!

OANDA and Dukascopy, used them for years with no problem, go google up on them

Just boom your account then you will learn

Thanks for sharing. My risk management is superb. I've been trading in super small lots, well below the "recommended" risk. I do this so that i want to get myself comfortable with my trading method before I'm confident enough to adjust my risk.

However, risk management is one thing, trade management is another thing. No matter how good is ur risk management, if ur trading strategy isn't sound, u still lose money, just that it will take u longer to lose money.

How do u deal with ur losing streaks? Will u inadvertently adjust ur lot size to be smaller or larger after the streaks?

It really depends on the person's trading method and their preference.
For me I won't if it means it will screw up my trading method or risk even more and cz I know where my limits are.

Maybe Zanmai0146 can share his experience with us on dis area? ^^

This post has been edited by gxthelord: Jun 30 2015, 06:53 PM

I am ready to fly ~ haha

What experience? Open close high low? TP/SL?

Hmm ok. But they should at least reply to my emails.

This is based on my journey/experience in forex. Others might differ.

1. I have spent around 5 years trading forex, I have tried everything, coded many robots, etc.
2. I have not been profitable till recently. Forex is not easy, it is difficult. But once you have mastered the art, it's easy. Like when you learn to swim, first it is hard, but once you 'get it', you can swim easily. Same as cycling too.
3. You need an edge. Nobody will reveal their edge easily. Without an edge, whether it is statistical or not, you cannot beat the market, no matter how good your money management is.
4. Once you have found your edge, you can turn it into a robot(if your edge is mechanical), otherwise, you have to trade manually (if your edge is discretionary).
5. I don't trade using indicators. The price is my indicator. Have you heard of "Price is everything"? But I know some people are very successful trading using indicators.

That's all for now. I would like to listen to other traders' too. Would be very interesting if we could share our experiences and journeys.

Price is everything, here's mine:

1) I only trade one strategy, and I follow and perfect it
2) No I don't use indicators, some on occasion to confirm the reaction
3) scalping will burn your eyes and account
4) Right before jumping in to the trade wait for candle to close
5) End of the week, month, quarter should be avoided, hedge funds, smart money close positions these times
6) Always look for clues

Some of my experience, hope to benefit you all
want more awesome stuff? hahaha

Awesome stuff? Sure, more.

Guys, i just need some motivation.

Due to the Eur gap, SL was not honoured and it took away all of this year's profit. I'm a technical guy so I wouldn't pay much attention towards news. Normally, I would have notice the news when such high impact event happen. But recently, I am overwhelmed with work and life and missed out on the Grexit thing.

Thanks for listening to my ranting. I feel better now.

Chill out. Been thru that stage understand your frustration.