if you took the eurcad setup price has moved 23pips so move stops to breakeven to minimize losses… Happy trading good luck to all… I was stopped out at 25pips(cos of my trailing stop) on the audusd trade… But am looking for another opportunity to re-enter a sell audusd trade(i will post if i sell again)…
Trading ingredients that gives consistent success;
Having an excellent trading system and the ability to follow the trading system to the T.
2)Adequate capitalization; Trading becomes easier when one is trading with a reasonable amount of capital like $20,000 and above .
Risk management and money management; every system no matter how accurate it is will always incur minimal losses, so risking just 1-2% per trade is a perfect way of trading.
4)The ability to follow ones trading plan to the T.
5)The ability to control ones emotion/psychology after a loss/win.
6)The ability to have discipline and patience to wait for the right trading setups.
7)developing a good trade management and profits taking strategy…
stop wasting your time, trying to play forex trading and open a followers account with zulutrade
this way sure you will be earning something and if you smart you will be earning a lot
EDDY MO can you give me more info on a followers account with zulutrade? thank you!
zane80, it was random, I didn’t follow all calls, but in the last 3 weeks all 6 calls were stopped on stop loss. Incredible really. I used small lots anyway but this is it for me. I am unsubscribing from this thread. But thank you Horlique2 for your work and effort anyway. I think I learned a valuable lesson. And I don’t want to talk about this anymore so please spare your energy for something else
What exactly would you like to know? I think the best way to know it is to practice with a demo account.
Open one, follow some traders and then we can talk This is my advise to you.