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Interest rate decisions, Unemployment change, PMI, but as one user said before me, I would also recommend not to trade when news which have high impact on the market are coming out. It's not a good trading plan if you only want to trade news which have high impact on the market. You will use...

To be successful your fist step should be accepting the risk when you enter in a position. That's what Mark Douglas says in Trading in the zone. That's the very first step that everyone should do when trying to trade the market.

Sure buddy, no problem. And appreciate your help.:)

When you see a top or bottom price usually ranges for some time at that point. However what looks like a top or bottom can be just ranging and after that price can continue in the same direction as it were. When I see ranging I'm waiting for my price action candle signal to enter the market.

Never trade emotionally! Never enter a trade without risk management! Stay disciplined and follow your trading plan! Before you implement something new in your trading, first always try it out on a demo account.

Ahh i see. thanks for the asnwer.

I think it's good, but please tell me your opinion on a good spread. i'm interested in it really

Grant Cardone is the #1 international sales expert, also a successful author. I'm constantly following his YouTube channel and read his latest booklet which is the 'The Millionaire Booklet". The book itself doesn't cost anything, there is only a shipping price of $4.97 which is really nothing...

If you are looking for a reliable broker with good spreads and commissions, check out exclusivecapital.com The company is new, but I have been trading with them for several months now and they pretty good. Their customer service is extremely helpful. Whenever I wrote to them they answered...

Thanks Secret Santa for affirming my statement. Could you explain me what u wrote. What do you mean "after 5% drop risk is halved". I don't understand this.

Thanks Xela. It's just something I heard in the past, it doesn't mean I'm going to use everything I hear. This information was from someone who works in treasury at a big Austrian bank for more than 10 years (can't say the name) and he is a close friend, but it's not important. I just wanted to...

I risk not more than 1% per trade, but that doesn't mean I always risk that much every time I trade. I heard that professionals never risk more than 4% of their capital.

Hey there is this new broker I've been trading with Exclusive Capital. I've been trading with them for 3 months. They are 100% Mifid 2 Compliant and ESMA regulated They are regulated by Cysec and based in Ciprus. As I can see you have a pretty big account so you can choose to open an Exclusive...

I can totally agree with you.

Thanks man, wish the same to you. Good luck in trading. :)

By the way thanks for welcoming me. :)

Well I have been interested and doing this business since I was in high school. About screen time I would say at least one year, but it differs from each person. I had to practice at least half a year on the demo account to be consistently profitable. You can't have enough time from this...

If you don't have any savings, then don't even try to trade. From what source would you trade? Only trade with money you are comfortable losing it. I would recommend you to go back to demo trading and do it until you are successful for more than 3 months. I don't know about the strategy you are...

In my opinion trading requires a lot of screen time. It doesn't matter how much you've learned about the basics. What really matters is how can you perform when you have a chart at your screen and need to decide which way the market is trending and how you are going to enter and manage our...

Well I did my first month also, and I can tell it's another story when you are trading live. I also didn't blow out my account, but I wasn't profitable. I lost some money, but I used money management, so my losses are not that bad. I'm also using price action trading and hoping to improve my...