What are the top 3 signs someone should quit trading?
Not everyone can or should trade right? What do you think are the top signs trading is probably not for someone?
Not everyone can or should trade right? What do you think are the top signs trading is probably not for someone?
For a lot of forex traders, trading full-time is the ultimate dream. After all, the idea of being free from the shackles of the 9 to 5 can turn anyone bright-eyed and bushy-tailed! No bosses, no meetings, no deadlines… …
In my overall plan for a new Forex life, I actually wrote down a list of “fifty golden rules for traders” in an Appendix to the written plan, and decided that when I have finished my plan, each and every one of these “re…
Apple hasn’t released a statement but some are saying it has to do with the MT platform tied to Russia others are saying it’s another dig at the CFTC attempting to control or at the least create hurdles for Americans tra…
A question clearly for people who have made some money from trading. My account size is so tiny I don’t think I should be withdrawing any of it. When did you start withdrawing your earnings or how often do you do it? Is…
What different factors should I look at when choosing a currency pair to trade?’
This week, we want to know: Do you have trading rules for yourself that you strictly follow? Someone’s example could be the 3% rule which means that if/when they’ve made OR lost 3% within a trading day, that they will …
Hi. Just wondering, where do you guys trade? I used to do it on my couch but that gave me a bad back pain. This is my new trading space where I work too. :joy: Would love to see yours :slightly_smiling_face: P.s- I’ve…
Babypips is a great forum full of advice and encouragement. But where do you draw the line? We all know there’s a circa 90% fail rate. If someone posted consistent losses, blown accounts and mental anguish would anyone h…
Good day everyone. As the title suggests, I am just curious on what your thought, workflow, and/or psychological process/es with regards to deciding which currency pair/s to trade: Do you guys/gals: Base it solely on …
In case you’ve been too busy eating pumpkin-spiced everything, BabyPips.com’s brand new course, the School of Crypto, is finally out! What better way to celebrate this mi…
I have noticed a pattern of wanting to close positions while in positive territory but before they hit their target profit. I have to force myself to allow them to run the course and sometimes tighten up stop losses and …
It’s been a good while since I have been on this forum. I took the decision to stay away because of other projects on the go. Also, trading was getting boring and I feel I hadn’t much left to say. Ironically this borin…
According to data, less than 1 out of 4 traders will consistently make money in forex. The numbers sure are daunting, and the odds seem to be against you. But, it’s a given that you’re going to need every trick in every…
Is there something you do first before starting your trading day? Maybe you like to triple check your orders in a certain way? Write a journal entry each time a trade is closed perhaps? This week’s question: What’s on…
Hello, Traders What follows is a discussion of the behaviors, attitudes, and worldviews that will ultimately drain your bank account. 1. Trades are based on emotional decisions Each trading position needs to have a …
Who likes losing? It sure ain’t me! And I bet you hate it too! Sadly, as much as we would love to log only win after win on our trading journals, the typically volatile and unpredictable nature of forex can get in the w…
What was your experience like in finding a trading strategy that fits your personality? How long did it take?
What advice, would you give to someone who’s had limited success. I started a demo trading account in June, but still have struggled. I lost over $1400.00 Even today with much smaller lot sizes. I haven’t would make like…
This week’s question is for all traders - whether you trade crypto, equities, currencies, or commodities! What do you love about trading? Is it the money? Is it the fact that you don't have a boss? Or is it that you…
Are you still in the beginning section, in the difficult stage of not knowing whethere you should quit or continue, or are you past all that and are now just optimizing? Also, what do you think of this “map”? For those …
I know a trader should never bring their emotional baggage to the trading table as it will affect our performance. But what if trading is something that is draining you emotionally? Like you ever beat yourself up for not…
Let’s say all the brokers in the world only allowed you to pick either forex or stock trading. Which would you pick and why? :open_mouth:
Helloooo. :blush: So, I’ve been reading around and while I was talking to Tom about volatility of a couple of pairs, I decided to look up the “Volatility Days” for them. :sweat_smile: And I stumbled upon articles along …
How do you choose your position size percentage? Plenty of dudes will say "Never risk more than 2% per trade." or "Thou shalt not risk more than 2%" But how do you choose 2%? What if 2% is TOO big?!?!? My thought…
I’m sure many traders are making tons of $ right now with the crazy volatility and unfortunately, I’m not one of them lol. Just wanted to ask how many losing trades does it typically take before you count it as a losing…
I not going to wheel out the old ‘Trading is 80% psychology, 20% analysis’ trope. Whilst this may ring true for someone with a few years and 10’000+ hours screen time behind them, for someone just starting out, it simply…
Another British Prime Minister has quit. How many of you guys have made any money trading this piece of news?
Other than your trading platform, what else do you use for trading tool-wise? Like I know some of you keep an eye on the news and calendars. Some of you follow certain signals or use an EA. Special journal app or webs…
i came across an ad for a trading education session saying that forex traders are not afraid of anything (like inflation, pandemic) because this does not affect trading. is this true for you?
A speculator’s advantage is choosing when to bet. Get out if the conditions are not right. Always put money on the winners.Larry Hite