7 Things You Need As a Trader

[7 Things You Need As a Trader]

There is only one point you need ALWAYS! Money! If you left one of the points 1-7, you can equalize it with money, if more points left...more money is needed...

 

my2c

[Safe Martingale EA]

every system can fail, in case of less equity, sure, martingal (no "e") needs more equity, but if combined with several security features, you will be save and fine.

- async hedges

- dynamic tp, ts, sl (if used)

- basket management

- dynamic step management

- lot management

[Where Does the Lost Money Go?]

one loses, another get the money, which goes like always again: win, loses or inverstigation

[Why Do Some People Not Place Stops?]

this may also help: from Bond University

Stop Losses.pdf

[Why Do Some People Not Place Stops?]

if you hedge your trades by 50-75%, you don't need stops, the only one you need is patience, if your trade is on the positive swap side, lay back or do something.

 

my2c

 

ProFXManager

 

PS: I don't use any kind of stops too, only price action+hedges+sometimes martingales (Science, Brownian Movement)