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(edited by TheRumpledOne 03-13-17 03:00:32)

ALL YOU NEED TO TRADE IS A HORIZONTAL LINE

Topic: ALL YOU NEED TO TRADE IS A HORIZONTAL LINE

Oh when to take profits? Where to place stops? Just DON'T BE GREEDY and use COMMON SENSE! Learn some money management.

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Re: ALL YOU NEED TO TRADE IS A HORIZONTAL LINE

Yeah, I see what you mean, sometimes greed is the cause of some very bad loses.

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Re: ALL YOU NEED TO TRADE IS A HORIZONTAL LINE

I think hedge is better than the stop. Hedged pairs trade better than the regular trades. Stops sometimes are annoying. Like a gamble, no knowledge. Make a deal then stay and pray. Stop is stated over there. This is ridicilous.

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Re: ALL YOU NEED TO TRADE IS A HORIZONTAL LINE

Yes, I think control of trader mind not so greed not so fear is the key to success in trading forex for a long term, also as a good money  management to control our risk.

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Re: ALL YOU NEED TO TRADE IS A HORIZONTAL LINE

My mistakes are commonly 2.
The first one is greed and the second (and more important) is to "stick" in one position and not let myself see what the market is currently saying.

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