bigdolly's latest activity

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    bigdolly replied to the thread Bad habits of beginner traders..
    One of the most detrimental habits in trading is depending on luck and attempting to trade without a stop loss. The primary reason...
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    bigdolly replied to the thread Luck and Hope.
    Absolutely, the high failure rate among forex traders underscores the complexity of the market. It highlights the critical need for...
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    bigdolly replied to the thread Bad habits of beginner traders..
    Some common bad habits among beginner traders include overtrading, ignoring risk management principles, chasing losses, and letting...
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    bigdolly replied to the thread Self help books.
    I find "Trading for a Living" by Dr. Alexander Elder and "The Disciplined Trader" by Mark Douglas particularly useful. They offer...
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    bigdolly replied to the thread false signals.
    Absolutely, analyzing patterns across multiple time frames can help confirm the validity of a trend and reduce the likelihood of false...
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    While it's technically possible for automated trading systems to generate consistent returns, a 12% monthly return is quite high and may...
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    bigdolly replied to the thread Luck and Hope.
    Brokers report an average of 75% clients that lost money and the number is certainly higher for inexperienced traders who downplayed...
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    bigdolly replied to the thread Self help books.
    Some popular self-help books in trading include "Trading for a Living" by Dr. Alexander Elder, "Market Wizards" series by Jack D...
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    bigdolly replied to the thread false signals.
    You can mitigate the impact of false signals by: 1. Using confirmation indicators or patterns to validate signals before entering...
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    bigdolly replied to the thread fear or emotional reactions.
    Fear and emotional reactions are common challenges that traders face, often leading to irrational decision-making and poor trading...
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    While a 12% monthly return is theoretically possible with auto trading, it often comes with heightened risk and may not be sustainable...
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    bigdolly replied to the thread false signals.
    When trading based on candlestick patterns, dealing with false signals requires a combination of patience and confirmation. Waiting for...
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    Yes it's possible but not every month. Also this strategy looks quite risky because compounding return gives 280% yearly return which is...
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    bigdolly replied to the thread Best time to trade Gold.
    Yeah it delivered great returns from the start of this year, now it becomes scary to invest in this asset
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    bigdolly replied to the thread What is Volumes in Metatrader.
    In MetaTrader, "Volumes" refers to the volume indicator, which displays the total number of transactions executed during a specified...
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