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That is smart. I would like to add some people do multiple take profits. For example, have 1 take profit lets say 50 pips away and another 120 pips away. Set 2nd TP trade to break even stop loss once TP1 has been hit.

Spread your risk. Do not go full lot size in your 1 position. Have multiple smaller positions pips away. This reduces frustration as risk is usually less. Also if you find yourself revenge trading with bigger lot size that is gambling. It sometimes turns out fine... but other times you can...

EURJPY and AUD/NZD. They usually trend in one direction for a while

Thank you for posting. This is useful!

Has anyone used this indicator with success? Do you recommend it?

I have heard some people like Sierra Charts, Ninja Trader or Trading View better; however I have only used mt4. I'm curious to hear if anyone else prefers the other platforms over mt4 and why

Every EA i've seen works for a while but then blows up the account. Finding an edge and trading on your own is the safest way. If you want to use an indicator I recommend Jim Brown's book on amazon called: MT4/MT5 & Trading View High Probability Forex Trading; which explains the indictors he...

I have been using mt4 for years. I think it's the best platform

This youtuber called IMantrading recommends TradeDay. I recommend you check out his channel to see why. It seems to be the best option out there due to the less strict drawdown requirements.

Does anyone have a similar type of order flow, foot print or DOM indicator for Metra trader 4?

Forex is generally riskier than stocks. You can do CFD (contract for difference) for both; so you can trade stocks and indices via CFD with a broker such as interactive brokers, coinexx or ospreyfx. This way you can trade with lower capital as often as you like vs trading stocks or indices in...

I use OspreyFx. They have very fast withdrawal and deposits; plus offer a large range of instruments to trade.

Very true. Thank you for posting this to help people recognize this before it's too late. They usually claim some other person helped them gain x profit in a short time. It is most likely a scam. Do not be fooled. Trading on your own is the safest way to trade.

Any pair with CHF is usually easier to trade since CHF barely moves then you only have to keep track of the other currencies strength. Although, I recommend trading indices like S&P 500 or NASDAQ 100 over currency pairs; as they have intrinsic value; so fading back after a high or low is more...

Trading in direction of 30 minute candles and spreading entries to reduce risk is what's working for me. For example instead of entering 0.06 lot; enter with 0.02, then 10 pips down, 0.02, etc. to spread the entries in direction of 30 minute chart. Then you can more comfortably set a stop...

I did not find Google Charts and High charts as trading charts. Where exactly can I see them? For Google charts I only see pie charts, etc.

Nasdaq is easier to trade than US30. Wish you the best of luck

I recommend NAS100 over US30. US30 is too volatile.

Thanks i'll give it a try

Yes. I recommend Waddah Attar Explosion indicator. View signals on 5 minute and 15 minute. Scalp in that direction, you should make profit. Also take into account support and resistance to be mindful of reversal areas.