subway90, do you trade eurusd only? Is it possible for you to post your charts at some other place and give us the link to look at them(if that's fine with Ashraf)? I believe a lot can be learned from you. Thanks
Before you ever even think of trading, you need to first determine the amount of risk you are willing to take on a trade.
How much can you risk psychologically, emotionally, and financially before taking a loss that will put you into the fetal position, sucking your thumb in a catatonic state of existence?
Once you know how much risk you can stand to take, you can then begin to consider which time frame you should trade. You must match the risk you are personally willing to take with the amount of risk in the market.
Lets say you are willing to risk $300 per contract. Does it make sense to risk $300/contract using a monthly chart? How about a weekly or daily chart? Do you see where Im going with this? You need to choose a time frame in which the average risk/trade is around $300 or less.
In directional (medium to long term) calls 100 or three hundred pips are nothing, one should be clear about that. Short term trades are different where sometimes even 10 pips matters. DaveO has shed some light on this topic few days back I guess. This is the most valuable forum for serious forex investors/traders. Happy holidays and happy new years to all.
Try publishing this in the UK weekend papers: Traders bet BankofEngland will raise rates to 6.25% --highest since 1… https://t.co/GWXrTEAk4R(10 months ago)
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ما وراء هبوط الدولار مع الذهب و من منهما يتمكن الارتداد؟
موعدنا الآن في غرفة شركة إكس أم لجلسة الأسواق
https://t.co/Y7tD0RxCS2
@XM_COM (10 months ago)
Jobless claims > 300k before next FOMC meeting would be ideal for Fed to make up for any CPI upside surprise (10 months ago)
"Cook & Eat at Home" scheme may come next to defeat UK inflation... (10 months ago)
Earlier in the week gold selloff was attributed to smaller than exp China EASING. Metal is now holding v well despi… https://t.co/ZW9cmXTPWW(10 months ago)
How bitcoin halvingreduces bitcoin inflation below that of gold and how its "hardness" can beat every other asset & currency over time. Watch here.
كيف تنخفض نسبة التضخم في بيتكوين تحت نسبة تضخم الذهب و ما يعني "صلابة" بيتكوين كعملة او إرادة؟
Latest Hot-Chart - Apr 09
Bitcoin versus Miners Performance
As many of you know 2023 was kind to members of our WhatsApp Broadcast Group who snapped up shares in bitcoin miners, while 2024 has so far been more superior to Bitcoin than most of the miners...
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Before you ever even think of trading, you need to first determine the amount of risk you are willing to take on a trade.
How much can you risk psychologically, emotionally, and financially before taking a loss that will put you into the fetal position, sucking your thumb in a catatonic state of existence?
Once you know how much risk you can stand to take, you can then begin to consider which time frame you should trade. You must match the risk you are personally willing to take with the amount of risk in the market.
Lets say you are willing to risk $300 per contract. Does it make sense to risk $300/contract using a monthly chart? How about a weekly or daily chart? Do you see where Im going with this? You need to choose a time frame in which the average risk/trade is around $300 or less.
I hope you are enjoying your vacation. Waiting for your last article of the year to get prepared for the next year. Thnaks