Recent content by chen2020

I agree, and it's worth noting that even in what seems like a risky move, there's a potential to learn valuable lessons.

Thanks for the tips! Have you ever used that?

What are the key factors to consider when implementing a trailing stop loss strategy in trading, and how do you determine the optimal trailing distance for different market conditions?

MT4 is like the classic car - reliable, straightforward, and has a massive fanbase.

Hey, what NFT projects do you reckon are those hidden gems you'd suggest to buddies?

The worst thing you can do in a winning streak is to increase your position size because sooner or later, you will have a losing trade. Agree?

Day trading can be intense for beginners due to the need for quick decisions and understanding market movements.

I typically start with a set percentage per trade and adjust based on market conditions, volatility, and confidence in the setup.

Absolutely, the diversity of risk management tools reflects the varied needs across industries and organizations. Tailoring the approach to fit specific contexts is key to effective risk management.

Spot on! Wise advice to navigate the markets!

Great list! Each tool plays a crucial role in crafting a solid risk management strategy. It's all about finding the right balance for your trading style.

Clean trends and spreads matter! Trade what suits you best while keeping an eye on market dynamics. Patience and consistency are your allies

Start with one or two major pairs to avoid info overload. Understanding the economies behind them is key. Be patient, and your trading journey will evolve uniquely.

Major currency pairs like EUR/USD and GBP/USD are great for beginners due to liquidity and analysis, but trade what you're comfortable with, considering clean trends and spreads

There are 5 outcomes for your trade: 1. Small profits 2. Breakeven 3. Small losses 4. Big profits 5. Big losses. you add three more.