Lucky im not in any trade, phew

You may start from babypips

Welcome to the world of forex trading. I believe from my own experience that there are the "big boys" controlling the forex market. So if you want to succeed, don't get eaten by the big boys. Be prepared for many many hours of research in order to succeed in forex. Good luck.

?? some forex competition?

Huh?

I'm just asking you what is this "million dollar game". Can't you just answer straight to the point without relating to dota and the CAPS?

Yeap

So far its improving drastically. I too don't believe in indicators, seems like a bunch of rubbish to me. I've been doing alot of research on M30 charts based on EURUSD and I've managed to find a 90% success chance of spotting the right moment of entering the market to gain 1:1 risk reward. To me I only enter once the big fishes have found their prey and reveal their intention which direction they'd be going for the short term.

Great tip, I shall look into it. Thanks.

3am FOMC

Yea, must avoid becoming the 95% lol . The key is to let others become the 95% first, then only its safe to enter the trade and become the 5% Of course, in order to see this in the chart gotta learn non-stop, not easy yo

This post has been edited by Supreme1394: Dec 19 2015, 10:23 PM

First of all, I'm a full time trader, so I do have the time to monitor the market about 12 hours a day. But saying 12 hours a day does not mean I'm checking the charts every minute. I only trade M30 graphs which means I check every 30mins or so.

Assuming you follow my trading style, you would already have made notes on your computer's MT4 charts the previous night to indicate possible entry points for the next day. So all you have to do is to have a quick glance at your smartphone every 30mins while you're at work (and I guess your boss won't find out too hehe) to find out how the market is reacting to your possible entry points. If you find you need to make an entry, just spare a few minutes to calculate your lot sizes and SL and TP points then just set it and forget.

The trick is not to get too emotionally attached to the market by saying you must enter a trade each day or week. Even if you do miss your entry while at work, think of it as a learning oppurtunity as the market unfolds to tell you if you're right or wrong.

Even if you did enter and lose, its ok. Treat it as a learning experience because forex is not gambling. The market drops you subtle hints on which direction to go and whether your entry point are correct or wrong. Remember: the market is always right.

Just my humble opinion hehe

This post has been edited by Supreme1394: Dec 21 2015, 02:42 AM

I mainly monitor EURUSD and sometimes AUDUSD. Trying to monitor too many pairs would lead to confusion, at least for me. I find that concentrating on just a pair or two greatly increases market perception or the "feel", lol.

I managed to transfer funds from CIMB to my broker Withdrawal haven't tried yet though.

Uhm, no I'm with ICMarkets

I love price stalls, usually can get good risk reward entries just before the breakout. Here's a tip: compare as many "price stalls" and how they break out on M30. You'll see a patern once you've studied enough examples

Please do post, some sifus here might even be able to chip in some ideas. The best way is to keep a trading journal, comment the charts and after awhile your trading will not be to earn money, but to testout all your trading rules. When you win, the markets is saying you did something right, and if you lose then you'll need to find out why. Works especially well on higher time frames like M30.

This post has been edited by Supreme1394: Jan 9 2016, 03:04 PM

Oh ic, I guess I misread your post. Well, since you only need to trade once a day, just shut off your MT4 once you've entred the trade. Before you sleep or the next day only open again, haha. If you don't see the charts then you'll be less tempted to overtrade.

Haha, then I guess you'll need to post here then. Who knows it might just solve your problem.

Nope, its too volatile to trade. I know someone who scalps NFP here though, was it 9kingsir?

Really, you can only predict how the market will move up to a certain point after your entry. My personal opinion is that you exited at the right place, because it could have gone all the way up to your entry before coming down. Besides, if you entered with a tight SL just above your entry, you would've gotten a very good risk-reward ratio at your exit, which I think is good enough

Yea, there's lots of the 5% category forex people lurking here Unfortunately, no one shares their trading secret on the internet

I'm noob, just started trading