Recent content by trader_phil

hahaha good lord this is funny..

avoid trading when you are not in the right state of mind, one bad decision can cost us a lot, in my case if i dont feel good about how i see things i just pause or maybe let the day slide. its better to not earn at least u wont lose than gamble with bad decisions.

copy is fine, we can always learn from copying others and if lucky we copy a good trader and earn from it, but personally i do not use copy trade on my HFM accounts, its just how im used to trading. as traders we just go with what works for us, win or lose it should always be on us.

this thread is getting spicy :) let me try and back read..

been trading since 2010, if we talking about blown accounts, jeez its a lot, with HFM alone i might have blown like a dozen small accounts since 2012 its just a cycle of learning or thats how i look at it anyway.

there is no right and wrong when it comes to opinion, forex stocks and crypto have similar concepts with different pacing. the way i see it, stocks might look the slowest and maybe the safest, then forex and finally crypto where everything is simply superscharged. i do keep some stocks with a...

yup there was a crack down on these hand full of brokers that would accept us traders, such a shame really.

well basic trading strategies and chart reading is very helpfull simple s&r and price action can do wonders.

the statistics still stands, though trading forex is made easier now a days with all the content available on the web, at the same time there is an influx of new traders with the crypto craze going on to balance the number of gamblers, vs traders. so yeah it remain a 90-95% failure rate for the...

r/forex on reddit forexpeacearmy forexfactory myfxbook investing.com (not much of a forum but active comment section) BP

eurusd mostly on my hfm account, usdjpy and audusd. and some exotics

if im not mistaken, most arbitrage trading is disallowed, even at hfm there were instances of arbitrage traders banned. many southeast asian traders do this

there are many review sites with good user feedback, among which i believe forexpeacearmy or fpa is a good one.

if you think about it, a lot will lose, not just because of these methods, more like due to lack of understanding, and with all the crypto hype going on, I feel like the crypto era just bred more yolo traders which will add to the percentage of traders failing and recent years.

speaking of spreads, has anyone tried the pro account spreads on hfm, they seem better, though premium are competitive, scalp friendly.