I’ve never checked it out myself, but after having a quick look there are certain sections that caught my eye such as Three Types of Analysis, Multiple Time Frame Analysis, Support and Resistance Levels (probably more).
These I would consider universal knowledge and worth understanding.
The rest will end up binding you to a certain style, and certain way of thinking (the majority).
Wow it’s amazing bro, currently I try to let the profits run, although I always end up with 5-10 pips.
What leads you to close a trade at 6 pips and another at 46? You close it or your stop does?
You still confident those positions will turn round over a bit of time?
I’m guessing some of those positions must be closing in on the stop loss if the max u can lose is 10%? Unless there is a lot of positions amongst the 9.5k?
They’re not really anywhere near the SL at the moment, and there are several positions open, just a case of keeping an eye on each one and making a case by case decision.
Make sure you learn to calculate profits and losses in percentages and in dollars, not in pips. Pips of one currency pair are not comparable to another and you’ll find yourself unable to compare opportunities if you don’t start ingraining this stuff at the start.
Ignore most talk about trading the most liquid pairs only. This idea is pushed by brokers and any of their affiliates because the lower volatility translates as lower risk for them when they take the other side of your trades. The more volatile pairs have higher returns, but remember, this also means higher risk, so make sure to get your risk management skills together.
You’ve probably already realised from reading this thread, but you should ignore the repetitive examples with 20 pip stoplosses. This agenda is also pushed because brokers want you to get stopped out and reenter, paying more spread and/or commission.
I would read courses 1 and 2,
skip courses 3, 4, 5, 6, and 7,
read 9, 10, and 11,
then go back and look at anything else you want to from 3, 4, 5, 6, and 7.
Just thoughts, don’t trust anyone’s words, not even mine. Follow your intuition and manage your risk, stay in the game long enough to learn.
Hope you’re doing well mate. Glad to see you’re still active with this thread - very grateful!
I’m still plodding away in the background with your stragtegy, and have mostly been successful as well.
Just done an exercise and reviewed every single pair I’ve traded in using your strategy. Man I need to let my winners run as I would’ve had some big ones! Definitely an eye opener.