I am a mid level traders I guess, not that much experienced I have. But I must agree that knowledge, expertise and experience all three in a combination can great for making trading journey smooth and effective. So I think each mistakes we made or each the profitable trade we made is a great lesson, of course the mistake that I made earlier won’t be repeated again.
THANK YOU SO MUCH! I took your advice and started trading with around .3 to .6 lots and I’ve broke that 7000 barrier… now I’m trying to break that 10,000 barrier… basically I was def putting way too much risk despite how aggressively I trade … I been killing gbpjpy today upndown… gotta love forex! But yes, thank you appreciate it brotha! @anon81929759
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You’re welcome… good to hear
waaaw, @anon81929759 this so helpful, its so educative. as i was reading, it was touching all of what have been happening to me. Thank you so much
waoh. really helpful. tnx bro
Good stuff on the forum
I am a Newbie trader just out of the womb. I haven’t even completed School of Pipsology yet. But this topic has been one of the best ones I’ve experienced so far. As I begin my Forex journey I will continually refer back to this topic to keep my head level when I feel I don’t know what I’m doing (which will probably be often). Thank you to all of the experienced traders who remember what it was like being new and trying to impart some wisdom to us newbies. @anon81929759 @Falstaff @3Bar Thank you very much.
everything changed when I realized that the market moves in cycles which are countable and measurable
Thank man,
It seems that people really vouch for what you shared!!! I am a newbie to trading so I am learning and assimilating lots of information at the moment. I am interested to learn more about capital management or preservation. Do you suggest a particular forum to learn about this?
Cheers
Jespinha !
I am staring the journey now and not even with a demo account. Just reading and understanding what the beast is all about. I would like to know more about the market makers and how it works. Is there any additional info you can give or a source material to read?
Cheers
Jespinha !
Thanks for the feedback 
I think BP is a great place to start. Check out the school and the risk management forum. Lots of great info there. There are also lots of experienced traders on here with valuable insight to share. Ive learned alot from these members.
I recommend that you take advantage of all the free information available on youtube and free ebooks as well.
There are many risk management techniques/best practices, but for me its more of a mindset/philosophy.
The goal is to make money, but I believe this is achieved by focusing on not losing money first. Keep your head above water long enough to allow yourself to hit a homerun or 2.
Best of luck to you
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Thanks for the suggestion. I will check out further BP classes!
Best of luck Pancho
Your welcome. Happy to help.
For me it was the fact that every currency pair can act completely differently, although the situation seems similar at the moment. I used one strategy and didn’t understand why I had different results with the same actions)
I agree, thats what I meant when I said every currency pair has its own “personality”.
If you become as familiar as possible with a pairs “personality”, you’ll start to develop a “feel” for the price action.
This doesnt mean that you will be able to predict price and it doesnt mean you will be right everytime.
As a matter of fact, my default expectation is that I will lose more trades then I win. But if managed correctly, the few wins more than make up for the many losses.
Winning % is overrated. This was a huge revelation for me.
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