waiting is a mental pressure especially when waiting brings no benefit.
Man, tell me about it. Thatās the ultimate test of patience and nerves in forex. Itās like the market has a mind of its own, teasing you just before snatching victory away. Those moments really make you question everything, right? Itās all about staying cool and not letting those setbacks throw you off your game. But yeah, itās super frustrating. Hang in there, dude.
Brilliant idea Bro!
Kindly share how you calculate the daily range of a pair.
Anticipating your response. Many thanks.
When gaps happen on your stop-lossā¦
When this happens to our stop loss, it is a deep sadness. Itās just that we have to stay calm and continue trading well. Because gaps are moments that cannot be predicted in advance. And it is hoped that in the future we can get more profits, especially if we profit from gaps.
when USD is going up and CAD and/or NZD is going up too
Despite our best efforts, losses happen. Weāre all learningālimiting losses while aiming for gains is the name of the game.
Any news or events that destroys my whole analysis in 5 seconds.
Risk management! I mean when ever I have a small pool and I have to enter a trade with a small portion; that is really annoying, you sometimes feel like, does it really worth my time!
If you use a broker āregulatedā on some obscure island, that happens very often, but if you use one regulated by ASIC or CFTC or the British FCA or any proper EU regulator, it almost never happens at all. Funny thing!!
Unfortunately, I donāt use a regulated broker for some personal reasons, so I wouldnāt know but the thing I mentioned rarely ever happens and the gap tends to happens during high impact news. For instance I think it was one or two months ago where Gold dropped like 131 pips in one minute. It does make sense for a gap to happen during such an event but it doesnāt help knowing anyway still sucks.
Yeah exact same thing happened to me, so I started investing a bit, itās not that bad but doing short timed trades along side it can be fun too.
Yeah, Thatās the same thing I do. Itās fun.
The unpredictability of news events messing with my trades right when I think Iāve got a good setup
Iām not sure, but I guess thatās when I set a pending order and doesnāt trigger.
It sounds like youāre experiencing the frustration of news events impacting your trading plans. Iām curious, how do you typically navigate these unpredictable moments? Do you have any strategies in place to adapt to sudden market shifts caused by breaking news? It can be challenging, but finding ways to manage these uncertainties could help minimize their impact on your trades.
The spreads, waaaay too big for the trades compared to stock trading
When your analysis is spot onā¦ the news ā¦ trendā¦ everything is in your favourā¦ yet the market moves against your position due to some external big players manipulation.
Completely Pi**es me off.
Broker specific annoyanceā¦ slippage, withdrawal issues etc.
I keep hearing it takes 10 years to become a profitable trader. Which is just another way of saying it takes 10,000 hours to become good at anything. Which even the author of that rule said is just not true.
But it makes everyone feel better if they can believe in the 10 years myth.
Also, the belief that pip is an abbreviation for āpercentage in pointā. Percentage in point is a meaningless phrase, with no similar phrases in other fields, it does not express a percentage and anyway there are no āpointsā in forex prices.
Because percentages are a uniform way of expressing and comparing changes in a total value, it also suggests the mistaken belief that 10 or 50 or 100 pips in one market is equivalent to 10 or 50 or 100 pips in any other market. Which is very misleading.