Evaluate whether Forex trading is worth your risk
Evaluate whether Forex trading is worth your risk Just follow your own rules of course which I know you do buddy because I know your entries in VIP uh but uh man yeah just keep it cool keep it cool keep it cool yeah we’re gonna do a bunch of revenge trading today no Your opinions, accounts and funded milestones, I think it’s great, I think you know if you start and you can make it happen.
Evaluate whether Forex trading is worth your risk
You can achieve this, I have seen a lot of guys very successful with volatility plus the higher time frame ftmo gives you the right support for swing accounts. I’ve heard a lot of good stories about taking the long-term approach to accounts and building your capital rather than quickly trying to tackle a challenge you’re faced with usually leads to you sabotaging yourself, I’ve seen that a lot.
I’ve seen a lot of impatience, that’s the thing about challenges, right you know it’s a demo, you know it’s a challenge, so you want to finish it as soon as possible to get funded as quickly as possible, and then it starts taking a long time and you’re like Ah, fuck everything in BO so much.
Why is the Forex market not an ideal place to make money?
We realize that yes, have you thought about hedging, have you thought about selling your AP to cover your losses, uh no I haven’t thought about that yet, I haven’t thought about that yet, that’s not going to happen, what’s the analysis you’re waiting for the prize to either reach 2070 or subside If the trading volume comes after the close of 4 hours.
This could happen yes, make a decision but just look at the four hours, that’s the main thing now, look at the four hours, look at what happens in the four hours, I think this is very inconclusive now, so more than yesterday, even I think we Need to get to our key levels first clearly and directly.
Now sometimes we have to zoom out a little bit and come to a conclusion maybe we fall in the gap but we’re moving forward we don’t have a better pick as well on this 30-minute candle so you know these are all important layers to take into consideration man yeah no, let’s get to our kilos.
Difficulty in predicting Forex profits
First in volume starting with buyers and sellers stepping in here for 4 hours, okay just so you know yeah, question has anyone made a trade I forgot to set the stop loss but then I went back hours and it took your TP I mean I went through this before I tested this Certainly before.
No doubt in my mind yes no doubt in my mind I’ve had that before but that’s not a TP I would like to celebrate at all and I wouldn’t be happy thank God it hit the point of my TP well I’d probably say that but at least I wouldn’t be happy Because I did not set a stop loss, I would be very upset if I forgot my stop loss.
Forex traders lack consistent forecasts
The price will still be in my favor because it could easily be the other way around yeah how is B trading ahead of the PMI I think the major volume will come later today so I think that’s something to take Considering well not much later, I mean we have a four-hour closing in about 20 minutes.
And then I think the New York instructions are open and we have the rest, so uh why do we use stop loss to buy if the price is always bullish in the long run if you don’t put a stop L and +reverse the trend, you’re in for a bunch of crap, unless you have a small account Really and you know you don’t care if you lose your whole account you know what I mean
That’s the main difference of course uh what is the best trading setup for today Okay, I want to see what’s happening here at this uh at this level number one once we go there, I think we’ll see the return come back to this support, and this is one layer I think it’s What is important to keep in mind is what kind of secondary zone this is if the gold tank is properly installed
Forex trading has a high potential for capital loss
It takes out the London lows and plays directly with the bottom and then uh you also know I’m looking for long setups here so if you’re looking for if I’m looking for a sell trade here, let’s say in this area again I take out the highs and I’m looking for a continuation of the lower Need to see confirmation about the area.
If we don’t get price confirmation, I’m looking for a higher LS than this Yes, gold is holding up so far, and yes it’s holding up even though Havi has gone through a phase where I’m tired of trading in general.
Summary
I don’t want to open a trade every day, there’s no man, to be honest, I really like this just uh if I could trade, I don’t trade every day but if I could trade every day, I would do it but no I like this guy, I wouldn’t There hasn’t been a single day I think in the last four years that I haven’t looked at a Forex candlestick chart, it doesn’t matter if I’m on holiday if I’m traveling if it’s just at home, there’s not a single day that I haven’t looked at a chart.