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Are those lines that embrace the price Keltner Channel? Can they work as resistance and support lines in the short-term?

Agree it's perfect tool for backtesting, however it is important to incorporate transaction costs into profit margin if you don't want unexpected things in trading.

Demo account is not accurate because execution is instant or much faster than in live account that's why demo performance, especially decent returns of some scalping strategies is difficult to replicate on real account.

Fast, unabated price movement with little and short pullbacks during the move. Trading volume and tick volume grows as well during this time.

I would prefer to trade on micro account because the chance is higher that trading conditions will be similar to live account so you can get a rough impression how your system will perform on live account (especially in terms of transaction costs like slippage) paying relatively low fee for that

If I see a rapid movement towards the direction I want to enter with obvious signs of pressure, I prefer to wait for retracement to get better prices. If you trade momentum anomaly then of course by waiting you risk to lose opportunity.

Sometimes I pay attention to losses because I can see my mistakes and work out the way how to avoid them and sharpen my trading skill. However paying too much attention to them can be confusing.

Impossible to achieve that. Demo orders doesn't require liquidity to get executed so you will always get perfect trading conditions.

I think it depends on regulation. Completely unregulated brokers with little to know KYC clearly doesn't want to expand their business and most likely run scam scheme

W Why not simply use 0.01 lot with regular brokers. Result would be the same if you don't want to waste time with pennies though. Note also that execution will be different since such brokers would be B-book such brokers which would cause distortion.

Well it is regulation, wide trading spreads and speed of execution. These are three key points that worry me most.

You have to have access to flow data to make correct judgments about rotations. What you can find online, like some charts about flows or COT is lagging data and most of the time useless since when you see it markets are in the process of digesting new important information.

Depends on your trading style. If you make gambling of it which is full up and down moments, emotions, then it will definitely get addictive even to those who is not predisposed to that. That's why it is not recommended to trade without trading plan and risk more than 2% of equity per trade

It's easy to get careless about your deposit if you think of it as the money you can afford to lose and start to make trading decisions that lack rigorous justification or reason. Instead I suggest to take trading as a business in a high-competitive field with its costs, uncertainty, risks, etc...

As for exotic pairs, the only trading style or system that can be used with them to trade profitable is carry trading. Pairs like USDRUB, USDZAR, USDMXN tend to exhibit mean-reverting properties, so the odds are on your side when you enter (exit) a carry trade after considerable deviation in...

For me it's same as MyFxbook - pretty useless if you of course don't look for hands-down solution to calculate basics metrics of performance like Z-score or Sharpe ration or plot colourful charts. Everything essential is available in MT4/MT5 reports.

For NFP trading, EURUSD, GBPUSD, USDJPY and Gold are the best assets. The latter is good because price reaction is usually more pronounced.

You can opt for high leverage that's not a problem it just will lock less margin on your position, however given same lot size and stop loss, the amount you risk is the same for 1:30 and 1:1000 leverage. However if you hold positions overnight, then rollover costs will be higher, this is the...

You have to simply automate your strategy to avoid this issues. If you follow any pattern to get a signal for a trade, then it's feasible. However if every trading setup is unique, for example you read lots of news and try to predict next developments and bet on your guess, then you can't avoid...

Random betting which doesn't involve emotions will also cause loss albeit at slower pace if stop loss is used because your guesses will be correct approx 50% of times and spread will do its job to drive expected return below 0