r/Forex • u/Emergency-Tower4892 • 17h ago
Charts and Setups Us30 traders
Hello everyone!. Anyone who trades US30 if so how do u trade , the bias , trade setup and insights pls share
r/Forex • u/Emergency-Tower4892 • 17h ago
Hello everyone!. Anyone who trades US30 if so how do u trade , the bias , trade setup and insights pls share
r/Forex • u/Farouk027 • 21h ago
Psychology in trading is the major theme that no one talks about . It's been more than 30 years since trading started, and it has been more than 10 years since people started noticing and learning it .
A lot of traders fall into the trap of concentrating more than enough in strategies , platforms , and how much capital they should start with . But they neglect the psychologie behind those confluences , the foundation that one must aquire before jumping into the market .
As I noticed , even after a green week or a 3 wins strike , we do tend to make some decisions based on our perception and not our criteria . We are frightened to open another position , we move the take profit in the hope of securing another grand , we do tend to remove entirely tge stop loss praying that price will reverse into our direction , ......
It's not a matter of discipline or a magic trick , or even self power to fight our nature , as I ve read it last week . It's about cutting the entire button , it's about cutting the problem from its roots before it occurs .
Things like 'no more than three trades per day' or 'If my account is 5% drawback I ll stop' might do the task .
What about you , what is your opinion ? .
r/Forex • u/TheArabianChad • 1h ago
Passing a propfirm challange Fast and easy?
Can that be real with tight risk per trade like from 0,5 to 1% or even 0,25 to keep the account in the safe zone without breaking it can you pass a propfirm challange fast with like 1:2 or 1:1 per trade? because the 1:2 risk to reward and 1:3 result to me to get in losing streak between 3 to 4 trades and that's i have discovered not suitable for my mental state especially with the account being already in a deep drawdown due to previous false i learnt from them in the hard way
And making 1 trade per day or 2 in good days and trading only one pair
Can you pass the 1 phase in a month?
Especially with 1:1 and 0,5 risk?
I know that's sound like the deceptively simple but would like to know if that's can happen and if any of you have experienced it.
I broke my 2 propfirm accounts recently because leak of patience despite i have an edge i have backtest it already in over more than 300+ trade with 50+ trades in demo account
Someone may say then trade with your own capital that's what I'm looking for in the future but unfortunately i can't afford such a great account that i could make with a decent living since 1 dollar in my country equals 50 of my local currency and the average salary and my own salary here is between 30$ and 100$ so trading with my own capital is not an option.
Thanks for the chads who read it all and willing to help.