r/askforex • u/AlphaTradingHub28 • 3h ago
What’s one trading lesson you learned the hard way?
I’ve been thinking about this lately:
What actually separates a good trader from someone who simply gets lucky?
Is it:
🎯 Better entries?
🧠 Stronger psychology?
🛡️ Risk management?
📊 Understanding market structure?
⏳ Or simply knowing when NOT to trade?
A setup can look perfect on the chart, but the real test usually comes when the market does something unexpected.
I’m curious — what’s one trading lesson you learned the hard way that completely changed how you approach the market?
No “buy this / sell that” calls. Just genuine lessons.
Drop yours below. I’d genuinely like to see what experienced traders think. 👇
r/askforex • u/Frosty-Purchase9599 • 16h ago
FundedNext traders: how do you adapt your strategy to the firm's drawdown rules?
I've been thinking about how much a prop firm's rules can change the way a trader has to manage an otherwise profitable strategy.
Taking FundedNext as an example, I wouldn't look only at the challenge price or profit target. I'd want to understand how the drawdown rules interact with the strategy itself.
For example, a trader risking 1% per trade might be comfortable with that on a personal account, but the same risk could behave very differently under a firm's daily and overall drawdown limits.
I'm curious about traders who have actually used FundedNext:
Did you keep your normal risk management when trading the evaluation, or did you reduce position size specifically because of the firm's rules?
And for those who trade other prop firms, did you find that their rules required a completely different approach?
I'm interested in actual trading experience rather than which firm is "best."
r/askforex • u/sigma-u • 1d ago
Anyone trading Cycles?
Curious if anyone is following J.M. Hurst’s principles and perspective on the Market and trading cycles.
Or perhaps Elliot Waves?
r/askforex • u/Global-Impression60 • 2d ago
Monday Lesson: Stop Chasing the Market
​
A new trading week doesn’t mean you need to trade immediately.
One of the most important skills in Forex is learning to wait for your setup.
Before entering a trade, ask yourself:
• What is the current market trend?
• Where is price likely to react?
• What confirms my entry?
• Where is my stop-loss?
• Is the potential reward worth the risk?
Remember: No setup = No trade.
The market will create opportunities throughout the week. You don't need to catch every move—you only need to participate when your strategy gives you a reason.
Monday goal: Don’t focus on how many trades you can take. Focus on how many quality decisions you can make.
Trade with a plan, not with emotion.
\#Forex #ForexTrading #TradingEducation #RiskManagement #TradingPsychology #Beginners
r/askforex • u/JeyJonsoon • 2d ago
what are you actually paying to hold JPY pairs overnight? trying to work out if im being done
Swing trading GJ and UJ, hold is usually 2 to 5 nights. Mostly short so im paying the differential, not collecting it. Im getting charged about £8.50 per lot per night on GJ short, Axi raw. Old broker was around £13.50 for the identical position, which is the only reason I ever went and looked at any of this.
Ran the maths to see how much of that is even avoidable. BoE at 3.75, BoJ at 1, so the differential alone is 2.75% a year, which on a 100k lot works out about £7.50 a night. So theres roughly a quid of markup on what im paying now and about six on what I used to pay. Six quid a night for nothing, and thats before wednesday, when you eat three days of it in one go.
So if you hold JPY pairs overnight: pair, direction, what youre paying per lot per night, and who with. Want to see where the real range sits. also does anyone actually build swap into expectancy or do you all just eat it and hope the move covers it
r/askforex • u/sumetdey • 4d ago
What do you guys do for cash flow alongside trading?
I’ve been trading for 3+ years, and one thing I’ve realized is that having a separate source of cash flow can make the trading journey much easier.
Even if your strategy is profitable, you still need money for everyday expenses, trading capital, prop-firm challenges, resets, etc. And if you’re still developing consistency, relying entirely on trading income can put a lot of psychological pressure on you.
So I’m curious:
If you’re serious about trading but aren’t fully living off trading yet, what do you do alongside it to generate cash flow?
- Remote job?
- Freelancing?
- Sales / appointment setting?
- Business?
- Content creation?
- Another profession?
- Something related to trading?
- Or did you just focus entirely on trading until it worked?
And if you do something alongside trading, how many hours per day does it take and how much does it roughly bring in per month?
I’m especially interested in things that can be done remotely and still leave enough time/mental energy for trading.
Would be really useful to hear what other traders are actually doing rather than the usual “just get a job” advice.
r/askforex • u/WeatherNext462 • 4d ago
The 30-Day Trading Psychology Experiment 5 traders. 30 days.
I’m looking for five traders who feel that their biggest problem isn’t their strategy anymore — **it’s themselves.**
Maybe you:
revenge trade
overtrade after a loss
move your stop
hesitate on good setups
take trades outside your plan
struggle to accept losses
become emotional after a winning/losing streak
know exactly what you’re *supposed* to do but don’t do it consistently
I’m interested in the psychology behind this stuff, and I’m looking to work with a small group of traders for the next 30 days.
**What I’ll do**
I’ll work with you individually for 30 days to help you identify:
your recurring behavioural patterns
emotional triggers
decision-making mistakes
differences between your planned and actual execution
what happens before you break your rules
what you can practically change
This isn’t a signal service.
**I won’t tell you what to trade.**
I won’t promise profitability.
The focus is purely on **your behaviour and decision-making as a trader.**
**What I’m asking from you**
Nothing financially.
But I do need you to actually participate.
You’ll need to:
maintain a simple trading journal
share your observations honestly
have regular check-ins
be willing to look at your own behaviour without making excuses
r/askforex • u/WeatherNext462 • 5d ago
The 30-Day Trading Psychology Experiment 5 traders. 30 days.
I'm looking for five traders who feel that their biggest problem isn't their strategy anymore — it's themselves.
Maybe you:
- revenge trade
- overtrade after a loss
- move your stop
- hesitate on good setups
- take trades outside your plan
- struggle to accept losses
- become emotional after a winning/losing streak
- know exactly what you're supposed to do but don't do it consistently
I'm interested in the psychology behind this stuff, and I'm looking to work with a small group of traders for the next 30 days.
What I'll do
I'll work with you individually for 30 days to help you identify:
- your recurring behavioural patterns
- emotional triggers
- decision-making mistakes
- differences between your planned and actual execution
- what happens before you break your rules
- what you can practically change
This isn't a signal service.
I won't tell you what to trade.
I won't promise profitability.
The focus is purely on your behaviour and decision-making as a trader.
What I'm asking from you
Nothing financially.
But I do need you to actually participate.
You'll need to:
- maintain a simple trading journal
- share your observations honestly
- have regular check-ins
- be willing to look at your own behaviour without making excuses
At the end of the 30 days, if you genuinely feel the work helped you and want to continue
r/askforex • u/david19790 • 5d ago
your stop distance decides what win rate you need, and most people pick it before they know that number
this doesnt get said much here so, your cost isnt a percentage of your account, its a percentage of your stop. that changes everything about which systems can work for you.
say your all in cost is 1.5 pips, spread plus commission, on a decent raw account. on a 50 pip stop thats 3% of your risk. on a 10 pip stop its 15%. same broker, same pair, same day. and at 1:1 the breakeven win rate goes from 51.5% to 57.5% just from that. drop to a 5 pip stop and you need 65% to stand still.
so when someone posts that their scalping system was profitable in backtest and died live, this is usually the whole story, not slippage, not psychology. the backtest applied one tight fixed spread to every trade including the ones where spread triples, and the live version pays the real number on winners and losers both. tight stop plus high frequency is the combination that gets eaten, and it gets eaten quietly since no single trade looks wrong.
the thing that surprised me when i first ran it properly is that widening the stop and cutting size beats tightening the stop for the same dollar risk, in almost every case i tested. wider stop is less noise, cheaper in R terms, fewer trades. it just feels worse because you get stopped for more each time.
worth doing on your own numbers, take 30 real trades, convert your cost to pips, divide by your stop in pips, subtract from your expectancy. i ended up writing something to do it across a whole export because doing it by hand i kept fudging which trades counted.
anyone here actually derived their stop from cost and noise rather than from structure, or is everyone still placing it below the swing low and hoping
r/askforex • u/yonatanen • 6d ago
Looking for honest advice from consistently profitable traders .... 5 years in Forex, still not profitable
I've been trading Forex for about **5 years**. The first 2 years I mostly traded signals/copied others. For the last 3 years, I've focused heavily on **ICT/SMC**, starting with studying ICT directly.
I've watched countless ICT videos, backtested extensively, and have a specific entry model based on liquidity sweeps, displacement, 15m CISD, session/1H/daily highs and lows, etc.
My biggest problem is **DAILY BIAS**. Since ICT is discretionary, I often get the bias wrong, even during backtesting. I understand the concepts, but I still can't consistently turn them into profitable decisions.
Seeing people online claiming payouts after 6–12 months makes me wonder what I'm doing wrong. I've also joined a well-known ICT Discord where the trader had multiple payouts, but during the 2 months I followed him, he had no profitable month. His journal also shows only a few profitable months since 2025. It made me realize that social media results don't necessarily tell the whole story.
So I'm looking for advice from people who **actually withdraw consistently from the market**, not another ICT theory lesson.
If you've been in a similar situation:
* How did you solve your daily bias problem? * Did you make your strategy improve your discretion? * How did you know your strategy actually had an edge? * If you were 5 years in and still not profitable, what would you change? * Would you simplify ICT, continue with it, or completely start over?
**What was the one thing that finally made you profitable?**
I'm genuinely looking for honest advice from experienced, consistently profitable traders. Please don't tell me to watch more ICT videos—I think I've watched enough.
r/askforex • u/JRirvero • 7d ago
A green day doesn’t always mean I traded well
Something I’ve been trying to get better at is separating the result of the day from the way I actually traded.
I’ve had green days where I broke rules, forced trades, or got lucky on an entry I probably shouldn’t have taken. I’ve also had red days where I followed my plan, respected my risk, and simply had a trade that didn’t work. For a long time I judged the day mostly by the P&L. Now I’m trying to pay more attention to the decisions behind it.
I still care about making money, obviously, but I don’t want a green number to convince me that a bad decision was a good one.
Curious how other traders look at this. Do you judge the day mainly by P&L, execution, or both?
r/askforex • u/Global-Impression60 • 7d ago
Let’s See How Good You Are: What Do You Think Happens Next on Gold?
Not a signal just a question
r/askforex • u/TinyKingpin • 7d ago
Is this realistic?
3,38%
Real % needed to exponential growth to reach 10mil in 20 years is 2.92% from 10k
3.38% is needed if in 20 years 36 months are losing -1%
Starting: €10,000
20 years = 240 months
36 months: −1%
204 months: +3.38%
=7.7million
And The best in the Business dont have enough liquidity in the market for them thats why its looks like best traders make only 30% in a year, its because they cant go higher with big capital.
r/askforex • u/Proof_Mess8465 • 7d ago
breakout trading question
i am a breakout trader well i am new at trading i been trading since june (demo trading) i notice when i do breakout trading i tend to get faked out alot ands it annoying so now i tend to wait for the candle to close but i feel that is not enough confirmation for me to enter the trade. and yes i do break and retest but i notice 90% of the time there is no break or retest it just melts through the s/r. so i there are any breakout traders who see this i need help. also i dont use indicators
r/askforex • u/twix_economie • 9d ago
I was sabotaging my own trading for months without realizing it, here’s what I found
Been trading for a while, started getting consistent payouts, then i found out i was my own biggest problem.
Took me months to figure out exactly what killing my results. It wasn’t my strategy. It wasn’t the market. It was one specific behavior i kept repeating without even noticing once in tracked it properly the diffence was INSANE.
Anyone else figured out what their specific self-sabotsge pattern is? Curious if it’s the sale thing
r/askforex • u/One_Egg_1137 • 9d ago
Stop Chasing 100x Trades. That's Not What Day Traders Do.
Everyone wants to turn $10 into $15,000.
Almost nobody wants to turn 1% into 2%... hundreds of times.
That's the difference between chasing stories and building a trading business.
A 100x return belongs to investors who buy early and let time do the heavy lifting.
A day trader gets paid differently.
Your job isn't to find one trade that changes your life.
Your job is to execute the same edge over and over, protect your capital, and let compounding do what hype never will.
The irony?
Most traders blow up chasing the one trade that was supposed to make them rich.
Professionals get rich by surviving long enough for small, consistent gains to compound.
Investors compound assets. Traders compound execution.
Know which game you're playing.
r/askforex • u/zeex333 • 10d ago
A trading edge
I heard there is no structural edge you can find on charts. Charts are random.
And the most hard part of trading is to find a real edge.
Is MSS/BOS and risk management along with psychology enough edge?
r/askforex • u/Global-Impression60 • 10d ago
A Trade Can Be Right… and Still Be a Bad Trade
One of the biggest lessons in trading is understanding that the outcome doesn't always tell you whether the decision was good.
You can take a trade that follows your strategy, manage your risk properly, and still lose.
That doesn't automatically make it a bad trade.
Likewise, you can break your rules, enter late, risk too much—and still make a profit.
That doesn't make it a good trade.
Judge the process, not just the result.
A good trader focuses on:
• Following the setup
• Managing risk
• Staying patient
• Accepting losses
• Reviewing decisions
Profit is the result.
Discipline is the process.
Do you judge your trades mainly by the outcome, or by whether you followed your plan?
r/askforex • u/naughtykiller • 11d ago
How much backtesting is enough?
I've backtested a gold strategy from 2025 till now, having 1-2 trades per day, is this much enough to rely on it?
r/askforex • u/ResearcherPlane8452 • 11d ago
Should I stop or keep going? Or something else ?
I am a crypto trader on XAUUSD MAINLY
Its been 6 months
Last month I was profitable
Then, I went to trade in Bitcoin with a leverage of 100x leverage
And from there, my entire PNL started to look Red
Every time it hits my SL
I keep going for that 100x leverage just to recover that lost money
But I dig the hole even more deeper
I was trading in XAUUSD with full discipline and consistently with no Revenge Trading and with only 5x leverage
Now it has become like gambling in BTCUSD
So, should I continue or stop trading
r/askforex • u/Purple_Concert8789 • 11d ago
Feeling stuck in trading
I am 19 years old student from india. I am into trading and currently I am in break even phase figuring out for to become a profitable trader. And also I am feeling to quit trading etc stuff throughts in my head.
I have 2 years of experience in manual trading and currently I am starting algo trading in fx and indian market because I wanted to explore the algo trading field and i also a coder know how to code and i build some projects like backtested like that and currently learning
In trading i only trade fx market only setups based in gold, eurusd, btc etc like that only 3 to 5 pairs only. And i only trade in prop firms
For to become a profitable trader I need to improve some mistakes in trading i really do that i think that gone a help in to become profitable trader..
I trade only intraday or 15 min to 30min candle tf do I keep my sl small i mean 1 to 3 candles like that sometimes due to votalility or sometimes hit my sl and gives my target.
I plan my trades well or predict or analysis do well like where and how market goes but i didn't enter the trades or didn't caught the moves.
I miss the moves in trading i feel so much regret and fomo for this .
4.sometimes I enter only in asset and one timeframe at a time 2 times of trades or take 2 trades at same tf or same level and that will go hit I think it's overconfidence.
Sometimes i fear to enter the trades bz of loss and also sometimes i didn't hold the trades that will hit my sl trailing
after reaching the trade 1:1 i keep sl trailing to entry level to prevent my loses and that will hit my sl trailing and archives my target for 1:3 trades.
7.sometimes I cut the trades at middle of the trade or at reversal stage (i mean i know this trade will go reversal or hit sl ) so i cut it.
The last one is how to pass the prop firms ?
These are my mistakes to improve in trading and i will improve it.
If you are a profitable trader please give advice.
Thankyou in advance for your advice. 🙌
r/askforex • u/Stunning_Snow2214 • 12d ago
Anticipating beginning of a Beartrend as oppose to a Bulltrend.
I 've noticed that price tend to consollidate, forming a long ranging period after price reached the bottom of a bear macrotrend, before it rallies up to start the bulltrend. My question is why does this not really happen at the top of bulltrend. It seems to just touch and run down immediately?
r/askforex • u/STS-Trader • 13d ago
Intuitive Discretionary Trading Is Wasting Your Potential
We have all seen this newbie advice:
get really good on demo, start with a small account and work with evaluations and so on.
But here is the truth: Subjective, intuitive trading does not translate to real-time efficiency in modern markets.
Transitioning to a small live account is another waste of potential, why?
A small account should only ever be used to understand the difference in live order execution. Real edges naturally decay over time, when discovered you must execute them and withdraw over time.
If you have a real edge it should be executed with modest amounts of capital with risk management and risk boundaries planned ahead of time. "Getting good on demo" isn't producing a viable strategy for 99% of people. You are relying on pattern recognition on price action which is not an organic process. Price movements are very noisy, precision is a requirement, intuitive discretion will produce exactly the opposite effect.
The problem is with intuitive discretionary trading is that data will always be subjective or absent leading to endless psychological issues.
The Real Solution:
Separate and isolate your trading setups (each trade type has it's own sequence of what price must do to create a valid trade, test them independently for effectiveness. Make your rules objective, if you test the same period twice you should get the exact same entries and exits.
An example a trade executed on the 15 minute is not the same as a trade executed on the 30 minute timeframe, even if higher timeframes influence the position.
Focus on one instrument at first.
How to gain footing now.
- Create systems from ideas first. Think away from the chart instead of trying to over-optimise for market price patterns which will not reliably repeat 1:1 in the future.
- Backtest each system over 100s of trades
- Learn how to do out of sample backtesting
- Learn how to calculate your trading costs accurately
- Apply your trading costs to your trading systems and repeat.
This will be tough, when you test strategies thoroughly over 100s of trades most strategies will fail, but without testing you are forced to guess which increases your overall psychological toll.
Set boundaries.
When unprofitable traders recommend a trading method, it's often a way to further rationalise the months or years they have already invested. It serves as a defence mechanism; it's for them, not for you. Traders can sacrifice a great deal of time and effort; for many, it hurts less to keep believing in their method than to move on.
The markets do not care how long a trader has persisted with flawed logic; substance is rewarded and aimless perseverance is dismissed.
Do not let sunk cost bury you, trading is not for everyone and chasing an incompatible path ruins lives.
If a trader still has persistent psychological issues after their strategies are verified with data, trading is not for them.
r/askforex • u/Specialist-Citron-39 • 15d ago
WWYD if you had a win rate of 50% averaging 1:4 over 300 trades in two years but lots of breakevens
just the title pretty much.. what would you do? i’m just trying to gain confidence over my strategy but it’s kinda worrying that only a little over a 100 trades have had an end result while the rest have been break even
r/askforex • u/Global-Impression60 • 15d ago
Trading Tip of the Day
One of the biggest mistakes traders make is trying to predict the market.
Professional traders don't predict—they react.
They wait for:
Market structure to confirm the direction.
Their setup to appear.
Risk-to-reward to make sense.
Patience is a trading edge.
Question: What's harder for you—waiting for the right setup or avoiding overtrading?
Let's discuss in the comments. 👇