Martingale is risky; doubling lots can wipe out small accounts fast. Even starting at 0.01 lots, 8-9 losing trades will destroy $450. Markets don’t always reverse when you need. Better to risk 1-2% per trade. But, has anyone actually made this work long-term?
Just wanted share this beautiful picture! Don't you just enjoy waking up to see your trades hit take profit.
Also, if you are wondering why I have 5 trades of Gold, it's bc I cant open a lot size higher than 1 standard lot on my account, so I have to open a few.
Gold was showing a definite...
Believe or not, a bit of both!
I always like to have an safe haven investing in something that I see growing in the long term. So I buy and hold assets, especially Gold.
Day trading is also a thing, I use simple lines to read the chart and find entries but I never hold my trades for long...
Maybe, but it's going to drop further down. If you want to trade it as a CFD which I do not approve at all to be honest, you are more likely to profit from sell.
Well in the long run it might get a little bit back up but currently any BTC buying is a mistake. You can wait till the price drops down to $53K again which will happen in a few days or maybe a few weeks but the drop is certain.
Also selling it would be a greater mistake because the price is...
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