I confirm that if I don't babysit the trading bot 🤖 it does good for some times then burns the gains 💸 then continues to burn the account 🔥
note to myself: you won't get rich without working
This is how I work:
1️⃣ I check all the currencies individually in the morning
2️⃣ I analyse the pairs based on the analysis of currencies. If I find an opportunity (nice risk/reward, clear trend), I open a position. If not, I’ll wait until next day.
1 hour of work per day
I'm looking for traders to follow on twitter (mainly fx) who share very useful information (I don't want any politic, ads or buzz stuff in my feed 🙂)
The search on twitter is not great for that.
Any advice?
Happy new year! I spend most of last night to fix a server (with a glass of champagne). The website is still a bit slow, I'll continue to work on the issue the next few days 😉
Hello traders,
Today I'm 📉 for $USD and $JPY and 📈 for $AUD and $CAD (CAD still in consolidation)
I hold my long pos on $CADCHF and $CADJPY. $EURCAD hit the stop (break even).
I will check if $AUDUSD and $AUDJPY offer a buying opportunity.
And you?
Hey, now you can create an account and save your chart layout. It's only the first step, the website will evolve a lot in the next few months.
Be among the first members of the new version of
I was testing Autotrade from
@Myfxbook
, I selected 5 of the best rated traders. The results were above my expectation during the last 15 days of 2018, I was near to open a live account. Then 2019 came as a reminder that past performance is no guarantee of future results...
Just finished 📚 "Getting Started with Forex Trading Using Python" by Alex Krishtop, which was released on March 17th. This book covers the pitfalls of automated trading, risk and money management, API usage, trading app architecture… 📈
thread 👇 1/8
Thanks
@MackNarative
for the feyapp demo
Your trading platform looks very promising. I really liked the risk option which automatically adjusts the position size 🤯 why hasn't this been done before?
Please, don't go too fast in the stock market and integrate more Forex brokers ;)
If you want to trade for a living chose your broker wisely, some of them are very reliable. As far as I'm concerned I'll continue to work hard to build tools that help traders to become professional. The long term value is here...
We have a nice rising wedge on USDJPY which should be seen as a reversal pattern. But the divergence between price and RSi + MACD is not clear enough from my point of view.
I'd wait an exit and pullback before opening a position based on this figure.
#forex
#USDJPY
I haven't be really active this week. Too much work to do in the real world 🙄
The trend following bot 🤖 kept the house for me. The drawdown has been well managed and new trends have been found. Good bot...
Have a nice weekend.
#forex
Hello Traders,
What are you trading today?
I'm negative $EUR and $JPY ($JPY on a support might consolidate) and slightly positive on $CAD (horizontal consolidation?)
I'll keep my long positions on $CADJPY and $CADCHF and short on $EURCAD
I try a new strategy on FX. 💪
First trade. 🤞
Opened a position ten times too big by mistake. 😱
Shit didn't hit the fan, the price went in my direction 😏
"81% of retail investor accounts lose money when trading CFDs with this provider."
Most of forex brokers don't try (don't want?) to improve this KPI. It would reduce their revenues in the short term.