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    Profiforex Discussion

    USDCHF Price Trend: Bearish Last week, the USDCHF had a strong relationship with the EURUSD. The USDCHF had temporarily fallen below 0.9550 which is a support level; such that by Friday last week, the pair closed at 0.9600. For now on the USDCHF, exists a Bearish Confirmation Pattern. As such...
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    Question About Stop Loss

    For the forex trader, the stop loss is one of the best risk management technique he can use. This allows him not to lose more than he can afford by closing the trade once prices fall to the stipulated levels.
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    Which is your favourite indicator and why ?

    I don't really have a favorite indictable per say as I combine them a lot. But one I use frequently is the stochastic oscillator made up of the %K and the % D stochastic. The stochastic oscillator is very good at identifying overbought and oversold situations. This way you can know when to buy...
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    How To Never Lose Money On A Trade

    It is almost impossible not to lose on all your trades. The best you can do is use good money management to limit your losses. Especially using stop losses to state the maximum losses you can afford on every trade.
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    10 habits of a Good Trader

    A good trader trades with a trading strategy. With every trade he is learning enough to improve his strategy. Sometimes he can add an indicator to a trading system after backtesting the indicator in a demo account.
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    Teaching A 5 Year Old How To Trade

    If your son at the age of just five has an exposure to '' - what bulls and bears are (green/red candles, ppl who buy/sell etc) - direction and price movement that bulls and bears produce - a little play with fibonaccis, trend line drawing, pitchforks etc. He does not have much of an...
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    How Realistic? $50k account, $500 / day

    1% a day is sure a reasonable/ realistic goal if you have a profitable trading system working at your display coupled with a good money management skills which are definitely the most important aspect of achieving your daily target. One thing which should cut across to you is your goal per...
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