Posts by "fastpips"

Thanks Ashraf for the quick fix of the site.
@DaveO like your posts and hope to see your charts soon likewise for subway90 and some other contributers. gl/gt all

subway90. thanks for your reply.

Ashraf, very interesting and helpful interview. Keep up the good work. Thanks

subway90, do you trade eurusd only? Is it possible for you to post your charts at some other place and give us the link to look at them(if that's fine with Ashraf)? I believe a lot can be learned from you. Thanks

This is by Joe Ross

Before you ever even think of trading, you need to first determine the amount of risk you are willing to take on a trade.

How much can you risk psychologically, emotionally, and financially before taking a loss that will put you into the fetal position, sucking your thumb in a catatonic state of existence?

Once you know how much risk you can stand to take, you can then begin to consider which time frame you should trade. You must match the risk you are personally willing to take with the amount of risk in the market.

Lets say you are willing to risk $300 per contract. Does it make sense to risk $300/contract using a monthly chart? How about a weekly or daily chart? Do you see where Im going with this? You need to choose a time frame in which the average risk/trade is around $300 or less.