Recent content by YellowWitty

Yeah, you’re right about the consistency rules. They can be tough if you’re not already used to following a disciplined system. I’m hoping a slower pace and clear rules will be enough to stay within them.

Thanks for sharing that. I’m planning to give myself enough time as well so there’s no rush. Do you still set daily or weekly targets, or do you keep it more flexible?

When there’s a lot of uncertainty, traders hesitate and question whether the risk is worth taking. Gold tends to behave more consistently during geopolitical shifts and chaotic market conditions, which is why online gold trading often picks up. XAU/USD is one of the key pairs many traders watch...

These days I am seeing a lot of prop firms offering more flexible rules, and we also get more time to complete the challenges. I think it’s great because there is no pressure to hit the target in a month. I tested different prop firms and finally got started with a challenge at Hola Prime. I...

Exactly. Use it as a heads up for volatility, not a reason to start second guessing your whole plan mid-trade. The journaling part is what separates being disciplined from just avoiding discomfort.

For most traders it starts with spreads and volatility, especially around session opens and overlaps. But there’s more to it than that. Different hours have different personalities, like cleaner trends versus choppier mean reversion, how often levels get respected, and whether moves actually...

Good breakdown. I’d just add that a PAMM is only as good as the manager and the risk they’re taking. Before putting money in, I’d look at max drawdown, how long they’ve traded live, and whether the returns look almost too smooth for the market. What would you consider a reasonable drawdown limit...

Technicals feel safest when you treat fundamentals like a schedule, not a signal. If there’s high impact news or a bunch of speakers, I’ll usually skip it or trade smaller. I’d rather miss a trade than get slipped and accidentally violate a prop rule. Then I journal it and see if skipping...

Same here. If a robot could double accounts on demand, it wouldn’t be copy for free. Nothing wrong with automation, but the hard part is what happens when market conditions flip and the bot doesn’t know it’s obsolete. Anyone tempted should treat it like a tool, not a money printer, and test it...

What’s the best way to cook? There is no “best” way. You become a better cook with time. Trading is no different. With practice only, you understand the market and get better at trading. I would say backtest as much as you can before testing out a strategy. This will save you both money and time.

Risk management is key to successful trading. A trader should incorporate stop losses, T/P, and other market orders to minimise the risk in trading. One should also be careful when using high leverage. It is a slippery slope. Use leverage that you can handle.

Totally, if you learn to preserve your funds, it would be easier for you to bring in the profits. I mean, how will you make money if you can’t save your trading capital?

Joining good forex forums is very important as it is because of them we get such crisp information..

Hi! Welcome. How did you come to know about trading, and how is it going on?

Hey! How is trading coming for you?