I've been trading since march of this year. I am still searching for consistent profitability, but that all comes down to my mentality. Nothing to do with my skill. Anyways, after finding myself here, 7 months since i started. I notice how many beginners over complicate forex. Writing down tons of notes , looking for the small and precise information and mostly overthinking. I fell victim to this too. But I've come to learn that a lot of that is irrelevant. Honestly, what people don't talk about is chart hours and focusing on 1 pair. Wicksdontlie has a livestream I recommend everyone watch, I was in a separate discord group and learned all the basics, but from just watching his streams and watching the charts constantly (whilst making food , playing playstation etc) I got a proper understanding for what forex is and what I have to do to make it. But the fact people don't talk enough about focusing on 1 pair makes me wonder? If you sit in front of your laptop for hours watching 1 pair move you will get an unbelievable understanding for how the market moves and how YOUR pair moves. You notice the same things over and over again. I never studied imbalances, waiting for price to develop on higher time frames, lower lows and higher highs, patience, discipline, the different trading sessions (NY,LDN etc). All of that came to me naturally, from hours and hours on the charts, from backtesting and listening to Raja Banks and Uncle Ted's stream. Don't fall out of love with forex because of confusion etc. It's all due to your mind overcomplicating things. Think of hours on the charts like hours playing football. You get up and kick the ball from a young age, not thinking of the complications on how to hit an outside the boot pass or knuckle ball etc. The more hours you spend doing it the better you will become and the better of an understanding you'll form. Not only on the charts, but an understanding for YOU. What YOU need to do mentally to achieve success. 10% skill and 90% psychology is most certainly true. Enjoy your journey and prepare for a long ride full of losses and mental battles. That's what your signing up for. GL.
Hi forex, I'm a user experience designer looking to build the ultimate forex watchlist, and I want to understand how forex traders use their watchlists. What would you like to do with your watchlist and currently can't? How do you build your watchlist? Do you have multiple watchlists? Do you like automated suggestions, such as Hot, Trending, Popular, New, Most Traded, Recently Traded, Most Volatile? I would really appreciate your input. Thank you!
I'm trading for 11 months with pretty good success. I never traded metals and forex before, just stocks. Today when gold started to consolidate at the last hour, I decided to scalp short it with a large amount, so I opened 100 lots. I haven't realised, in forex 100 (lots) doesn't mean "100 pcs", because I used to stocks and I went full retard without knowledge. Seconds later, I realised it means 10 million dollars (1 lot = 100.000, and I had 500x leverage). It moved up a bit and immediately I was down £4000. I scared as fuck and rather than closing the position quickly I hoped maybe I could close break even. The market closed, and I waited for the Asian session. The gold popped like never before, and I lost all my life savings (£55000) in less than two hours. (including the 1-hour break between sessions). If I count that I lost all my earnings as well, I lost around £85000. Here is the margin call https://imgur.com/a/XY5m4ZA https://imgur.com/a/VSgmCSs https://imgur.com/pRWl5g9 IC Markets closed my position partially in every 1-2 minutes until I shut it myself at £35. You know the rest of the story. I'm depressed, crying and shouting with myself. Yes, I know I was stupid, thanks. I just wanted to share this with you. Edit: WOW THANK YOU, GUYS! I haven't expected this, but you help me. Many of you asked the same questions, I answer it here: - I live in Europe, and we usually trade CFD's, not futures. - Currency in GBP. - As you can see, this account made on IC Markets. They not just allowing you a 500x leverage, it's the default. - You can ask me why I went against the market. Because gold is way oversold? Because I expected institutions would sell their shares before gold is hitting £2000, leaving retails hanging there. Also, as I said, I wanted to scalp, not riding the gold all the way down. If I had a loss of £100, I would close the position immediately. But when I saw the £4000, my heart is stopped, and my brain just freezes. - I went for a revenge trade with my last £2k, and I don't have to say what happened. I uninstalled the app, and I give up trading for a while. - Again, in the past months, I was cautious, I lost a significant sum in March, but I managed to recover. Made consistent gains, always with SL. This is just an example of how easy is to fuck up everything you did. - I didn't come here for some shiny digital medals. I can't tell about my losses to anyone who I know in real life. I would make a fool of myself. - Anyone who attacking me that it is a scam. Well, think what you want. I feel terrible and the last thing is to answer all the messages saying "You fucking karma whore". I don't give a shit about karma.
Forex Market Hours Based Strategy No# 2: Breakout Trading at London Opening Hours. The London session is responsible for around 30% of the trading volume, which is the highest among all major Forex market sessions around the world. Hence, often major trends start and end during the London Forex market hours. There are fast and active moves in Forex market during the London session. About 30% of all Forex transactions happen during the London session. Since London session overlaps with the other two sessions, a lot of Forex transactions have happened during this session. The liquidity is very high and transaction costs are very low, resulting in lower pip spreads. Most of the trends begin the ... Asian trading session or Tokyo session. When liquidity is restored to the Forex market after the weekend, the Asian markets are naturally the first to observe action. In other words, Forex market trading hours start there. Activity (although not officially) from this part of the world is actually represented by the Tokyo capital markets, which ... The forex market can be broken up into four major trading sessions: the Sydney session, the Tokyo session, the London session, and Trump’s favorite time to tweet, the New York session. Historically, the forex market has three peak trading sessions. Forex market session indicator – indicator for MetaTrader 4 is a Metatrader 4 (MT4) indicator and the essence of the forex indicator is to transform the accumulated history data. Forex market session indicator – indicator for MetaTrader 4 provides for an opportunity to detect various peculiarities and patterns in price dynamics which are invisible to the naked eye. Based on this ... Asian Market Session; The periods in which two sessions overlap each other (usually they are periods of high activity in the markets). Forex brokers that offer Metatrader 4 do not show market sessions on price charts, therefore, this indicator of trading sessions can be very useful, especially when the trader uses trading strategies whose ... With Forex Learn BD, you will learn how to navigate the foreign exchange market. Our founder Md Abu Zafar, has honed his skills to utilizing forex trading strategies that works. Enroll in a course, find free online tools, and follow our trade signal reports today. Our tutorial comes with English and Bengali.
TradingView: Best Forex Trading Session Indicator - YouTube
All about Trading in Forex Marked Forex Marked OPEN/CLOSE indicator :: London Session Viewer ----- Link to Forex Marked OPEN/CLOSE in... Forex trading for beginners, part 8 - Forex Trading Hours and Market Sessions. I trade with broker http://www.tallinex.com/?i=100674 My Forex blog - http://j... Forex Market Sessions Hours Explained, Forex Terms, Lesson 30 Part 7 of 10 Forex Trading For Beginners TradingView Chart Analysis Join Our Forex / Crypto Fam... Having trouble catching the BIG moves? Tired of always getting stuck in consolidation when you enter trades? What would it be like to know the exact time win... Download Forex market session indicator – indicator for MetaTrader 4 https://forexmt4indicators.com/forex-market-session-indicator-indicator-for-metatrader-4... Hlo guys from this vdo i am going to show you about the timing of forex market.. When a session start and when a session close all things you will know from ... Forex Market Hours - Forex For Beginners Here’s the thing: It can be frustrating to know what’s the current Forex trading session. Is it the Asian, London, or New York session? Or perhaps you’re won... The major forex trading hours and forex trading sessions explained in detail for you. Aside from the forex time zones, I also want to talk about the forex ma... Little Lesson on the sessions and markets