Recent content by xjtorerox

How can you be sure that monday won't start with a gap against you?

Because is too volatile. If positions closes in an unconfortable place (very likely to do that) uncertainty will be in your head the whole weekend, because you dont know how the markets will open at Monday. The best thing you can do is to avoid situations where emotions will overrule your...

Be aware that if you are starting in this business your first goal is not to your lose your money. Also be aware that this money is money that you can lose. Do not use the account intended to pay your bills.

I prefer not to open positions on Friday.

Is not impossible, you have to choose low spread items. Spread depends on your broker and the type of account you have. The more money you put into your account, the less spread you get.

I had the same quesiton. Does it make sense to pay attention to shooting stars, hammers, hanging men, or engulfing patterns on 5 M chart or a 1H charts? Which is the best time frame for looking into these patterns?

Just a rookie. Still lose more than I win.

There is no quantity. You should risk money that you can lose. If you can manage to lose 100 US$ or 10k US$ depends on your incomes. Never, never, use money intended to pay your bills.

Actually a lot of material can be found in videos, textbooks, and forums. A paid trading teacher will put a chart in front of you and will tell you where to buy or sell.

No, is not the same. As many users said, gambling is luck. Trading requires you to gain knowledge and recognize patterns, also requires you to read in order to be informed about the financial market.

When you wish revenge for a bad move. If you traded bad, then stop, emotions will make you likely to make another mistake.

Maybe in your trading plataform there is heat map that tells you which currency is stronger. Like this one: http://fxmoneyflow.com/wp-content/uploads/2017/06/x1przARR-3.png

Oil is on the rise.

I'm quite new to trading, but the best advice I can give is to trade well based on a trategy and analysis. Sometimes you will lose, is part of the game, but part of trading well is to minimize thoses loses. The worst thing you can do is to let the emotions drive you. Desperation, revenge...

Well, this process is fun. Frustrating also, but is less boring that a job in the office.