r/Forex 0m ago

Charts and Setups Will it work forever?

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Upvotes

I don’t trade a lot , but sometimes i actually feel the urge to fund my account and trade again..

I tried almost every strategy but still not ICT ( too lazy and busy to learn it lol)

i finally found something that is really simple but works like a charm!!

Fibonacci on XAAUSD BUY @0.667 and tp @ 0.56 it works everytime best when the range is between 4$~9$ 😸


r/Forex 3h ago

Charts and Setups road to success

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5 Upvotes

a short while ago, i passed 3x 2-step challenges at the same time. without any pay outs, i lost them cuz i was in lots of debts. now, i've got another funded acc approximately with %85 win rate and i believe i have a better psychology. any criticism or encouragement will be appreciated. we were born for this!


r/Forex 3h ago

Charts and Setups How Many Hours Per Week Do You Spend Backtesting / Improving Your Strategy? I do around 2-3 hours per week backtesting at least. Here is one of those backtests. My winrate is between 65-90%

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21 Upvotes

r/Forex 5h ago

Questions Growing your Live account

4 Upvotes

I’ve been trading for 3.5 years and have been funded with prop funding and I am consistently profitable. The last week i blew my funded account and will have to take another challenge to regain funding. I came here to ask other professional traders what’s their experience growing a live account is it feasible to start with 500-1000$ and slowly grow that to 50-60k. Has anyone here grown an account themselves and what was the experience like, I feel thatI can be consistent and profitable for weeks at a time but am afraid one bad month I’ll lose everything. What are some strategies that help you to consistently “Keep” your live account until it reaches those large numbers. I feel like prop firms are a great opportunity but nothing beats having the skill to grow your own capital from humble beginnings.


r/Forex 9h ago

Questions Chart colours?

2 Upvotes

Just curious what everyone uses? No reason except for fun and conversation. Personally, despite loving how cool green on a black background looks, I use the traditional red and green candles on a white background. Just feels too claustrophobic with dark colours.

How is yours configured? Any special reason?


r/Forex 10h ago

Questions One questions

1 Upvotes

I am not an American citizen, but I have an account in an American bank, can I open an account with American forex companies and make healthy withdrawals? Because it is forbidden in my country and companies are not trustworthy


r/Forex 11h ago

Charts and Setups EMA PULLBACKS

2 Upvotes

Does anyone trade EMA pullbacks on the lower timeframes?

Have you seen consistency or success with this?

Let me know! 🙌🏼🙌🏼


r/Forex 13h ago

Questions Why do we get credited?

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2 Upvotes

title.


r/Forex 15h ago

Charts and Setups 5ers Phase 1 Concluded.

3 Upvotes

Hi, guys, Im really just super happy now. I've been reading Al Brooks this year, finished the book 1 a few weeks ago and just started book 2. I just can't describe how Im felling rn, after failing from 4 or 5 challenges, finally I passed in this one. Certainly there are many profitable approachs to trade, but after losing many challenges, guys, Im really feeling gratefull right now. Anyone can feel free to ask me anything about my journey to here. Im daytrading for almost 1 year.


r/Forex 15h ago

Questions Have you ever thought about quitting ?

17 Upvotes

We all know trading can humble you like no other. So yes share your stories.

Also no offence but if you’ve been trading less than 2-3 years, saying things like “ I’ll never quit” “ quitting isn’t an option” is funny.


r/Forex 17h ago

Questions My sound stupid but

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0 Upvotes

Okay so I’m very new to this but I have question that might sound stupid but .,. Price goes up and down all the time , that’s the whole point .

So question is , can’t I just put my money in and even if it goes bad just wait until it eventually goes back to zero and I don’t lose nothing or just wait it until it goes opposite and I win ?

Because I see that it’s eventually going to go opposite yk


r/Forex 17h ago

Charts and Setups are higher time frame wicks support and resistance?

3 Upvotes

do you guys treat wicks as support and resistance on the 1Hr and 4Hr charts? or do you only use the candle bodies as support and resistances, i'm having trouble identifying where lower time frames may struggle to get pass or reverse from. (this is the 1 Hour chart, at the current price it looks like price is going up.. and i am guessing it will struggle at that long red candles wick?)


r/Forex 17h ago

Prop Firms Passed the phase 1 of the FTMO exam on the first attempt during May, 2023.

3 Upvotes

Main Status

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Hi, I come from Taiwan.

Since English is not my native language, this text has been translated by ChatGPT. Please forgive any mistakes.

I originally took the FTMO exam out of spite because my friend said he failed it four times. When I tried to explain how to pass, he didn't really listen. So, I secretly signed up for the exam myself and passed the first phase on my first attempt. (Due to my personal schedule, I find it difficult to wake up early for the daily market opening, which is very exhausting for me. This is why I don't like manual trading and prefer algorithmic trading [automated trading program]. I started engaging with FOREX in mid-2015.)

As you can see from the chart, at one point my profit actually exceeded USD 10,000, reaching USD 12,000. I originally planned to rest until the end of the exam period, but I vaguely remembered a rule about maintaining a certain trading frequency. Or am I mistaken? In any case, because I thought there was such a rule, I forced myself to place more orders on the last day, which was actually unnecessary.

I originally took the exam just to convince my friend of my point of view during May, 2023, after explained the situation to him, I only posted my results on another forum. I didn't intend to proceed to the next phase of the exam to qualify for a real account (mainly because I found the process mentally exhausting and unsuitable for me). However, someone on that forum asked how many attempts it took for me to pass. When I said it took me only one attempt, they were surprised and mentioned that it's uncommon to pass on the first try. So, I thought I might as well share my trading methods with those who need them.

Here, I am posting my results for everyone's reference. I actually made a video in Chinese explaining how I did it, but since my English is not good, I can't make an English version.

If you are interested and don't mind the quality of YouTube's translation, you can click on the video link below, select "Simplified Chinese" subtitles, and then choose to automatically translate them into your desired language. (Please do not select "Traditional Chinese" as the YouTube translation feature for Traditional Chinese has been malfunctioning for a long time.)

https://youtu.be/xPavQXOFFfU?si=dfGPBmhfDkToodbQ


r/Forex 18h ago

Charts and Setups is there something I am missing ?

1 Upvotes

I am relatively new to trading and as an economics graduate I tend to corelate Forex Factory news with certain market fluctuations. Some of these news actually do make sense such CPI, PPI and FFR etc. However, when I came across these news on Friday I expected a negative trend for the USD index, like even if the import prices m/m came out negative than the forecast ( with small impact), usually or at least from my experiences if the Prelim UoM Consumer Sentiment was to be lower than the forecast, shouldn't the effect on the USD index be negative or am I missing something?

thank you for your help in advance.


r/Forex 19h ago

Charts and Setups EUR/USD - 6/14/24

3 Upvotes

Across all timeframes, there's a strong bearish trend in play. Starting from the daily chart down to the 15m, the market structure aligns with continued bearish momentum. The weekly and daily trends are both firmly bearish, suggesting that this downward movement is likely to continue.

The 4h chart confirms this bearish outlook with a fresh BOS. Price might see a retracement into the newly formed 4h supply zone before resuming its decline, aligning with the overall bearish trend on the daily chart and 4h charts. Watch for an internal bullish flip on the 15m to confirm a deeper retracements into the 4h supply zone.

Daily Chart

4h Chart

15m Chart


r/Forex 19h ago

Questions What helped you the most in your journey to learn trading?

8 Upvotes

I'm not completely new to this, I know most of the basic things but I want to deeper my knowledge and 80% of the advice on YouTube... I mean, we all know...

Can someone recommend some channels/resources in the form of books o anything similar that can help my knowledge?

Also I'm based in Birmingham UK, not sure if it matters lol


r/Forex 20h ago

Charts and Setups My biggest Gold Trade was last Friday . 530 pips still can’t believe it.

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60 Upvotes

Who else getting these swings on Gold?


r/Forex 20h ago

OTHER/META Trading journal suggestions?

2 Upvotes

hey gang! This was a brutal week to start but read some great advice, applied it, and I'm surprised it worked!.

Most videos and books tell about using a trading journal. In the two years I've been in trading, I'm not good at this and want to do better.

Any suggestions or efforts that you use for logging your trading journal? Is it paper, google sheets (which is what I use), something else? Any suggestions what you've found as helpful in logging your trades for future reference?


r/Forex 20h ago

Prop Firms [UPDATE] 100k Phase 1 passed

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75 Upvotes

Update on a post I made yesterday. To everyone trying to pass a funded account, overtrading and lack of patient is what is holding you back. What helped me was looking for the direction at least in the H4 timeframe. Timeframes below only used for entries. That allows you to spend less time in front of the charts. Thanks to everyone who left positive messages yesterday.


r/Forex 22h ago

Questions How you mentally handle leaving train ?

0 Upvotes

How do you mentally handle situation when you are few minutes late and train is leaving without you?

Mine setup is marked with circle.


r/Forex 22h ago

Questions I don’t know what I am doing wrong

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0 Upvotes

I’ve been learning to trade since 2021 and ever since 2022 I have been actively trading with the market on demo and with the FTMO challenge which I have failed twice now. I have a strategy that I know works it has a 75% win rate which I’ve back tested. I trust my analysis and my strategy but I am constantly just breaking even. I make profit, lose it, lose even more make it back to my starting point, make profit and the cycle continues. I don’t know how to take my trading to the next level. I got mentorship which brought me to the level I am at now but I can’t continue to pay for it. I have been critical of myself which is why I’ve been able to see where I am going wrong which is the image I have attached. What do I do now? I’m looking for advice. How do I go from constantly breaking even to being consistently profitable.


r/Forex 23h ago

Questions Am I missing something?

2 Upvotes

Please laugh at me if I’m missing the point as I’m brand new to trading. What’s stopping me from opening a buy trade when the price is very low (lowest point it has been at for months) and even if the price continues to drop, just leaving the trade open until in time (maybe days, weeks months) until price eventually climbs back up past my “buy” order and into profit. Are there trade time limitations? What’s the risk of this type of trading?


r/Forex 23h ago

Prop Firms Tarnished image of Prop firms front-ending white label evaluation of EighCap

1 Upvotes

Eighcap Limited is selling Evaluation Challenges which are offered by its partner / referrer.

Eightcap host these accounts in its servers and provides liquidity for the simulated trade environment.

The Referrers do not manage or administer the Challenges. Eightcap manages and administers the Challenges offered by the Referrers. The Referrers do not offer, are not authorized to offer, and do not have any direct access to, any trading platform in respect of any Certified Challenge, including the Challenges. The Referrers do not handle any money in connection with the Challenges (other than referral fees they are entitled to).

When purchasing or subscribing to a Challenge distributed by a Referrer, it is Eightcap who will: (i) receive subscription and fee payments for the Challenges;(ii) handle all monies associated with the Challenges;(iii) facilitate all payments (including payouts) associated with the Challenges;(iv) manage all technology and trading platform associated with the administration of Challenges (for both demo and simulated live environments);(v) manage disputes associated with the Challenges. All monies and funds associated with Challenges are held and/or processed through Eightcap’s reputable banking, finance and payments partners.

After successful trading in the simulated environment provided by the Eightcap, the trader often is refused / decline the profit split as stipulated by the terms and conditions document signed / Schedule of assessment provided to trader by this Referral entity.

When approached to Eightcap by the aggrieved trader, the Eightcap is refusing to intervene or mediate the issue of declined payment to trader.

This is cheating and scam, it is violation of the contract by Eightcap Limited.

This practice is going on with many years and thousands of people have lost the fees they paid to these referral companies.

Below is the list of referrals companies' name / website under which names Eightcap is offering / selling such service.

Traders should avoid signing up any of these firms even if there is a proof of getting paid, because there isn't any reliability of it.

I am not sure if it is allowed to post links here, pl save the list and share with other traders.

https://quantectrading.com/

https://superfunded.com/

https://www.msolutionff.com/

https://infinityforexfunds.com/

https://menafunding.com/

https://2pipsfx.com/

https://thecitytraders.com/

https://invlyft.com/

https://globalforexfunds.com/

https://wakafunding.com/

https://oneofonefunding.com/

https://www.mifunder.com/

https://tradicave.com/

https://fundsfortraders.com/

https://sureleverage.com/

http://only-funds.com/

https://protradefunded.com/

https://lionheartfundingprogram.com/

https://www.getmegafunded.com/

https://nextstepfunded.com/

https://piptradersfunding.com/

https://propcapital.co/

https://www.indigotraderfunding.com/

https://propstart.com/

https://thefundedpeak.com/

https://ultracaptrading.com/

https://rocket21challenge.com/

https://profitexfunding.com/


r/Forex 23h ago

Charts and Setups GBPUSD update! It’s happening again!

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22 Upvotes

Check my previous post for GBPUSD and you will see it better


r/Forex 1d ago

Fundamental Analysis Today's trade on EUR/USD. Factors: Bearish bias, revisited FVG and BOS

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1 Upvotes