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Dear Colleagues,
1. Focus only on GOLD/XAUUSD, so don't trade any pair except XAUUSD
2. When you miss the signal (open a position), then don't trade until the next signal (never push your luck to face the market)
3. If you think trading is a business then you have to be patient (trading is not gambling)
4. If you don't know where the market goes, don't trade
5. Don't let yourself lose in the market by ignoring these rules
6. Risk management is the key (you are managing the risk by following these rules).
Trading Styles:
1. Trade rarely or Position trading
2. Open the position (entry) below ten times/per year
3. Entry/exit position based on data and analysis (please see the history of this signal. Then you will know that sometimes we do not enter the market within 2/3 months (no trade at all), and once we have an entry position holding period can be more than 2 months (or less))
“Rarely trade and trade at one pair is better as long as profitable than often trade and trade at many pairs but losing. The most important thing is the equity is growing”
Good luck
Golden Four Thumbs
1. Focus only on GOLD/XAUUSD, so don't trade any pair except XAUUSD
2. When you miss the signal (open a position), then don't trade until the next signal (never push your luck to face the market)
3. If you think trading is a business then you have to be patient (trading is not gambling)
4. If you don't know where the market goes, don't trade
5. Don't let yourself lose in the market by ignoring these rules
6. Risk management is the key (you are managing the risk by following these rules).
Trading Styles:
1. Trade rarely or Position trading
2. Open the position (entry) below ten times/per year
3. Entry/exit position based on data and analysis (please see the history of this signal. Then you will know that sometimes we do not enter the market within 2/3 months (no trade at all), and once we have an entry position holding period can be more than 2 months (or less))
“Rarely trade and trade at one pair is better as long as profitable than often trade and trade at many pairs but losing. The most important thing is the equity is growing”
Good luck
Golden Four Thumbs
Hansen
Added topic Why do prominent market participants avoid on automated trading?
While there are many retail traders who use forex trading robots, big market participants such as institutional investors, hedge funds, and large banks tend to be more hesitant to rely solely on automated trading. There are several reasons why this
2
Hansen
Added topic 7 tips to trade forex comfortably
1. Learn the basics: Before you start trading forex, it's important to learn the basics of the market, including how it works, the major currency pairs, and the different trading strategies available. 2. Develop a trading plan: A trading plan is a
· 2
Hansen
7 tips to trade forex comfortably:
1. Learn the basics: Before you start trading forex, it's important to learn the basics of the market, including how it works, the major currency pairs, and the different trading strategies available.
2. Develop a trading plan: A trading plan is a set of rules that guide your trading decisions. It should include your trading goals, risk tolerance, and entry and exit strategies. A good trading plan can help you trade more comfortably by removing emotional decision-making from the equation.
3. Use a demo account: Practice trading on a demo account before trading with real money. This will help you get comfortable with the trading platform and the mechanics of placing trades.
4. Manage your risk: Risk management is a crucial part of trading forex comfortably. Use stop-loss orders to limit your losses and consider using a risk-reward ratio of at least 1:2, which means that your potential profit should be twice your potential loss.
5. Keep a trading journal: Keeping a trading journal can help you analyze your trades and identify areas where you can improve. It can also help you stay disciplined and focused on your trading plan.
6. Stay up-to-date on market news and events: Economic data releases and geopolitical events can have a significant impact on currency prices. Stay up-to-date on market news and events that may affect the currencies you are trading.
7. Take breaks: Forex trading can be mentally and emotionally taxing. Take regular breaks to refresh your mind and prevent burnout.
In summary, trading forex comfortably requires knowledge, experience, and discipline. Learn the basics, develop a trading plan, use a demo account, manage your risk, keep a trading journal, stay up-to-date on market news and events, and take breaks when needed. By following these tips, you can trade forex with greater confidence and comfort.
1. Learn the basics: Before you start trading forex, it's important to learn the basics of the market, including how it works, the major currency pairs, and the different trading strategies available.
2. Develop a trading plan: A trading plan is a set of rules that guide your trading decisions. It should include your trading goals, risk tolerance, and entry and exit strategies. A good trading plan can help you trade more comfortably by removing emotional decision-making from the equation.
3. Use a demo account: Practice trading on a demo account before trading with real money. This will help you get comfortable with the trading platform and the mechanics of placing trades.
4. Manage your risk: Risk management is a crucial part of trading forex comfortably. Use stop-loss orders to limit your losses and consider using a risk-reward ratio of at least 1:2, which means that your potential profit should be twice your potential loss.
5. Keep a trading journal: Keeping a trading journal can help you analyze your trades and identify areas where you can improve. It can also help you stay disciplined and focused on your trading plan.
6. Stay up-to-date on market news and events: Economic data releases and geopolitical events can have a significant impact on currency prices. Stay up-to-date on market news and events that may affect the currencies you are trading.
7. Take breaks: Forex trading can be mentally and emotionally taxing. Take regular breaks to refresh your mind and prevent burnout.
In summary, trading forex comfortably requires knowledge, experience, and discipline. Learn the basics, develop a trading plan, use a demo account, manage your risk, keep a trading journal, stay up-to-date on market news and events, and take breaks when needed. By following these tips, you can trade forex with greater confidence and comfort.
Hansen
Added topic What is your trading style?
I love to share the Position Trading Style benefits. Position trading is a forex trading style where traders hold onto their positions for a longer period of time, typically from weeks to months. This style of trading is often favored by traders who
10
Hansen
Added topic If you've already much free time due to running the forex trading business, type here! and give the reason.
If you've already much free time due to running the forex trading business, type here! and give the reason. Good luck
3
Hansen
Added topic copy trading volume schema
If someone copies a signal, does the subscriber volume/lot generate automatically or do they need to be adjusted manually? thank you
2
Hansen
Added topic How to follow the market?
Hi guys, do you know how to follow the market? Let's discuss
2
Hansen
Added topic I can't see Nasdaq pair at MT5
Hi guys, could you help me? I have a MT5, I can see other pairs (XAUUSD, USDJPY, SP500, etc.), but when I look for Nasdaq, I can't see it? Please help me, thanks
3
Hansen
Added topic Focus on one pair
Hi guys.. What do you think if a trader only focus on one pair? Currently, I'm doing it. Thanks
6
Hansen
Added topic Do you dare to hold profit floating?
Holding loss floating is common. But, how many traders dare to hold profit floating? Do you know the key? This happens due to many traders never backtest their method, so they don't know the probability of their method. As long you know the
23
Hansen
Hi guys, I'm preparing to take a buy limit at XAUUSD around 1767,72 - 1780,34.
For TP clue, it will be a long range.
For TP clue, it will be a long range.
Hansen
Added topic Do you believe in Robot?
Hi guys, Why do some people sell their robots? Generally, if the robot is the solution to earn money, it won't be easy for them to sell it
30
Hansen
Added topic TRADER'S CHAMPIONSHIP TOURNAMENT INFORMATION
Hi guys, if you know about the Trader's Championship Tournament. Please send the information here. I'm so curious to deal with it. Thanks