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Being super sure of your trading setup is also not a guarantee that the trade would go in your favor. In addition, you sometimes make money fast and you make money slowly. Sometimes, you stay on the defensive for a long time, no matter how good your trading may be.
EURUSD isn’t the best pair to trade. The only advantage it has is that it has the lowest spread. There are other more predictable pairs and crosses – only that they’re best suited for long-term trading. – June 24
As for me, I’m a swing trader. Prices drop faster than they rise, so think of this for yourself, which one is more profitable, the one that rises slowly or the one that drops fast? – June 25
The reality is that trendlines are often subjective when they’re drawn. They’re usually drawn according to the chartist’s bias. Scalping is good only for those who know how to do it, provided it fits them. In most cases, scalping strategies are usually worse expectancy systems, for they’ve large stops and tight take profits. It’s no wonder that mature traders don’t usually scalp. – June 26
Funny enough, most traders, including brokers still prefer the MT4 to the MT5. I’m one of them, for I believe the MT4 could be updated and upgraded as often as possible. MT5 is a kinda not suitable for me. – June 27
I can never take loans to trade, though it is better to trade with big amounts of money. If you think $1500 is small, then ask those who trade with $200 or less. But taking loans to trade isn’t the best option. – June 28
I know that trading robots have their advantages and disadvantages. I also know that manual trading has merits and demerits. Before the advent of EAs, some people were trading manually: this is a fact. Then, in your own opinion which one do you think is better or is the ideal? Would you advise someone to go manual when trading or go automated when trading? Which one promises everlasting success? – June 29
Ground-breaking lessons from expert traders: http://www.harriman-house.com/experttraders
