Recent content by forexdiscussion

Dear reader, We have talk about how to handle stress trade forex especially when facing sting of losses. So what about to handle emotion running high when facing sting of winning. For me this is the most difficult situation to handle where you start to deviate from your trading plan and the...

Hi JahDave, Is 10% is quite a big portion of your account? let say you hit 10 losing streak in a row doesn't it will wipe out your account?

In my opinion, if you have a good trading plan which consist a good risk management or money management you can avoid a stressful forex trading especially when the trade is going to the wrong direction. If the trade is a loss and hit your stop loss but it still within your risk tolerance than...

But the best time to trade when there is a big volume that move the market which is start from London market open until US market close.

I can't agree more with your statement. Risk management is just like the oxygen that we breath to live. Forex trading involve high risk, so manage risk first and foremost. Risk management a.k.a money management is vital in order to survive and prosper in forex trading

Hi Shauna, Event risk is the risk when any global news that effect the currency market. There is schedule and unscheduled news that effect the financial market, example as below 1. Schedule new - US Non-Farm Payroll, UK Jobless Claim, Canada Retails Sale 2. Non Scheduled news - Political...

This is what we call a price action pattern at the support and resistance. Trade entry and exit is being determine by the price action pattern at the support and resistance and confluence by indicator as further confirmation. Happy Trading!!!!

My best entry and exit strategies is at the support and resistance of daily chart further confirm by 4H and 1H chart.

The most important aspect of trading is to have the Trading Plan. Fail to plan your trade is a plan to fail your trade. 3 most important things in your trading plan is 1. Risk Management/Money Management 2. Trading system Management 3. Emotional Management Happy trading!!!

It takes me for about almost 2 years for me to trade like a professional. Professional know when to enter the market, exit the market or stay sideway.

It depends on how you define successful trader. In my opinion successful trader is the trader that is discipline to follow their trading plan and consistently make profit.

I will go for plan your trade and trade your plan. Trading financial market especially forex involve risk so risk management is the most important have to be in the trading plan. Manage risk first and foremost!!!

In forex trading, fail to plan is plan to fail in your trading. Herewith I would like to share what is needed to plan your forex trading http://www.forexdiscussion.net/viewtopic.php?f=16&t=27 Happy Trading!!!

Hi, I choose forex because I want to make CONSISTENT money instead of BIG money. You can win big money like double your money in short time period but you also can loss in short time period. In forex RISK is the king, so tread RISK first and foremost!!!

Hi, It depends on your profit or pips target. My style of trading is 1. Determine your daily chart support and resistance. 2. Enter market confirm by the price action at 4H and 1H. Smaller time frame consist a lot of noise and to trade against a trend of bigger time frame is really unwise...