Give this trader a medal!
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Youāre right. I feel like a lot of new traders forget that just 20 pips can earn you $20, $200, $2,000 , or more depending on your lot size lol just focus on learning the skill, and RISK MANAGEMENT, and youāll be good. A lot of new traders try to grab a ridiculous amount of pips per trade
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yea your advice is good and well taken. Some people think that they get rich quick through forex trading.
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Am I replaying to myself? S!@#. I guess it is still sinking in.
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True, I agree with your comment. If you are a newbie enroll and complete the School of Pipsology course. Then Demo trade while trying out what you have learnt.
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" What should newbies stop doing in order to succeed in forex? "
I am way too far to call myself as a successful trader but for beginners like me, i stopped hopping from one strategy to the other, and only stick to one whether having a positive week or not. I started back to the basics, support and resistance, trend lines and supply and demand. I also stopped trading in a lower time frame and most especially, I stopped trading EVERY FLUCTUATIONS of the candles, waiting for the price to come to the areas where I think is an important zone and trade from there.
Thank you and have a great day.
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There is some merit in what you are saying, I will never go below 1 hour. My preferences are 1 hour and 4 hour charts.
PleaAnalysis of AUDUSD 1 hour and 4 hour market.docx (89.6 KB)
Please also look at Trading Made Simple at Forex Factory
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They should trade the george costanza strategy!!! Do the opposite of what they think they should do!
KC
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Stop using the risk reward against you
One of my biggest mistakes when I was starting in FOREX was risking way more than what I was willing to win.
Just imagine how would you feel winning 4 trades in a row, just to find that your 5th trade will erase your complete earnings. Not a smart moveā¦
Instead of trying to be right most of the time, try to have a healthy risk reward ratio, where you can lose 60% to 70% of your trades and still be profitable 
Happy trading!!! 
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perfect! thatās pretty much how my strategy is also. Thereās no need to complicate the strategy at all
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make one trade at a time, either you win or lose a trade, take a moment to analize what happend, stop making various trades at a time, you need to a analize what exactly happend during that trade, and take a moment so the next trade wonĀ“t be made by emotion but by analizing the market
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I wonder why I didnāt see this earlier. 
Like, it wasnāt pinned for me. Hmm. I almost didnāt make it! Huhu.
But anyway, even though Iām still not a professional trader 
I think newbies should stop fastracking the process. Forex is not something you can master in a week, in a month, or even in a year. 
Although we have our own pacing, I suggest that we all enjoy the process and learn as much as we could along the way. 
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Stop being so eager to get into a trade! As a businessman, I canāt stand to see any if my equipment, or people idle. Having money in your account, not in a trade may look the same way. BELIEVE ME, trading is not like normal business! Let your money sit idle until the time is just right for your money to go to work.
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Stop thinking that theyāre going to get rich quick. Forex is a speculation-based investment system. Therefore, as long as you can correctly identify when to buy or when to sell, you will make money. But you will also lose some money as well. The more you invest, the more you can make but you have to start small with an amount youāre comfortable with losing.
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They should stop testing pairs especially pairs that are not macro pairs. Stop coping signals without prior to research about the pairs. After taking profits they mustnāt rush to place an order. They must trading anytime they feel like trading, they should stick to time management. They must stop rushing for profits, cause possibility of them getting more profits its there if only prior to research of pairs they choose. Stop closing loss without prior investigation. Stop changing time frames. Stop relying on pairs. If they choose pairs they must b updated about pairs first. Stop trading out of frustration of not having enough money. Stop using there last penny n hoping they will make easy money. They must have risk management in mind. Stop checking balance while trading.
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When you decide to do forex as newbie do as i did. Join the babypip community. You will get enough information. This information you will able ro turn into knowledge. You will have knowledge of reading charts, when is the prices bullish and bearish aswell as when to call trade. Trading should take place on a specific time of the day. Watch for trending. Trending will be able to assist you to place the correct trade. When you succeed for the day back of and take in more knowledge.
I also realised that Forex is not a get rich quick scheme I need to enjoy my trading. If i make a dollar an hour i am happy because my knowledged has worked. I am not an investor neither a trader because I fell into the wrong hands however it will not stop me from educating myself as a newbie. I am doing lots of reading and thank you Baby Pips for the webinar I enjoy it.
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Itās been a while since Iāve posted here. Truth is I dont need $50 but I thought why not. Iāll reply
It took me years to find consistency. Itās not easy. So my first advice is dont give up. Its harden than you think but itās worth it. You need tenacity to make it. A lot of people jump from system to system in a type of shiny object syndrome. Stop doing that.
Systems are easy entries are easy exits are a little trickier but it all falls apart when you give up.
Understand your markets. Whatever you trade. I trade cable mostly and Iām so comfortable with that pair. Why? Chart time. How can you trade what you dont understand? Pick a pair or two and make that your focus. For me USD is boss so I make it a point to analyze DXY (dollar index) I look for risk on risk off scenarios and I form my analysis around that.
Stop aiming for hundreds of pips. You dont need that to succeed. For me I look at cable decide if Iām bullish or bearish and I execute. I wait for the average daily range to be fulfilled and that is how I choose my take profit levels.
Dont over leverage yourself. Cant close a trade, paralyzed? Your over leveraged. Fear and greed need to be shut down. Itās easy to fail itās a lot harder to succeed. Success is deliberate almost counter intuitive. Dobt be emotional.
Have clear goals in mind be realistic but understand even the best marksmen on earth cant hit a target thatās not there.
This might be a race but I guarantee itās a marathon not a sprint. Build slow and steady. Find consistency. If you are an amateur you will focus on gains and profits if you are professional then focus on preserving capital.
Have fun. Youāll spend a lot of time trading before you master it. Make friends laugh often and please please please understand there is life outside those charts.
Dont sweat missed moves or leaving money on the table. There will ALWAYS be more set ups.
I could go and on. I wish you guys the best. If you want more content from me then show me some love. 
I miss babypips. They did so much that contributed to my success and btw by they I mean you dear reader. Your what makes this place great.
Thanks
Johnnykanoo
Ps please forgive typos Iām writing from my phone.
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WHAT SHOULD FOREX TRADERS DO?
There is only one fundamental answer to this:
Stop looking at Currency Pairs, and start looking at
Currency Strength relationships to find trades by
then being led to the choice of Currency Pairs.
Unfortunately, that data is not widely available, although
I use it all the time. The method is therefore to SELL a
Currency which is āover-valuedā and to pair it with a
Currency to BUY which is āunder-valuedā. Currency
strengths lead you to candidate pairs to trade.
This is proprietary information, but Iāll just include a
sample picture showing the general idea. This
appears obvious, but the underlying data is the
key to this method.
hyperscalper
[EDIT] including also the actual Price movements, so
you can see the trade in excess of 100 PIPs profit.
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Stop trading without graduating from The University of Pipsology!!
Stop trading without keeping s trading journal.
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