Recent content by Orthotonic

It’s mostly about changing the strategy to fit the rules, not the other way around. If you’re forcing trades to hit a target or tiptoeing around a drawdown line, it usually turns into survival mode. I’d rather trade smaller, keep it simple, and pick the firm whose rules already match how I...

When I started, I was big on manual journaling. Just writing down why I took the trade and whether I followed my rules helped more than any fancy template. The biggest value for me wasn’t the numbers, it was spotting the same two or three bad habits showing up again and again, like moving a...

Hey Cheeky, I’m pretty new here too, but I already like your style. “Stay alive first” is basically the only rule that actually matters. For me, the one mistake I finally started cutting out was moving my stop just to give it room after I was already wrong. It usually wasn’t strategy, it was...

Hello, forex trading is a risky industry. You can't be certain about the market. However, success in the market is achievable.

Hello there, Andrei. Please share some of your trading ideas. We are all eager to learn from your experiences.

You cannot successfully trade forex until you are patient and disciplined. The market has its own challenges and situations that you have to go through, and it will be challenging at times. So maintaining the right mental attitude where you are not concerned by any of that is crucial.

A thorough practical knowledge is required to trade forex. Many traders lack the essential trading knowledge because they do not practise on a demo account. Plus, they are not disciplined enough to trade forex.

Love that list! Consider adding Fx trading to it too as the market, if approached the right way can be profitable. It is best to do your own research before taking anyone’s advice.

A successful trader takes calculated risks before taking on a position. That’s crucial, and many traders do not pay close attention to it. A new trader should remember this.

Learn ad and trade! That is the only way to do so. There is no other way. You will get better at trading by learning and gaining experience. So focus on that for now with the right mindset, and the rest will happen automatically.

We cannot emphasise enough how crucial it is to educate oneself about the currency market. Before risking your own money, spend some time learning about currency pairs and the factors that influence them. It's a time investment that could end up saving you a significant sum of money.

Hi there! Judging by the background of your employment, having a knowledge of finance and economical news will give you an edge for fundamental analysis in forex trading. All the best. If you have any doubts, feel free to ask in the forum.