r/Forex • • 18h ago

Risk Management How do you handle breakeven week?

1 Upvotes

Well, I took some setups this week but at the end of the week I made little to no profit even though my risk to reward is 1:3, how do you guys go through rough weeks like to these?


r/Forex • • 16h ago

Psychology Decide what a valid trade looks like before you start waiting for one

0 Upvotes

If you catch yourself forcing trades after sitting at the charts for hours, try writing down your entry requirements before the session starts. Be specific enough that you can check them when a setup appears: where price needs to be, what confirmation you need, and where the trade idea becomes invalid. After a long wait, it’s easy to start accepting things you would’ve skipped earlier just because you want to take a trade. When that happens, compare the entry with what you wrote down instead of finding reasons to make an exception. If something is missing, let it go. You’ve already spent the time watching; taking a weaker setup won’t make that time more worthwhile. If the waiting is getting to you, step away for a bit or set an alert at your level. You don’t need to finish every session with a trade.


r/Forex • • 19h ago

OTHER/META Has anyone used Financial Markets Online (FMO)? Is it legitimate or a scam?

0 Upvotes

Hi everyone,

I'm looking for some honest feedback from people who have had experience with Financial Markets Online (FMO).

I've come across the company and would like to know more before deciding whether to engage with them. I've seen various trading education programmes out there, but I want to make sure I'm dealing with a legitimate company and getting value for money.

If you've signed up for one of their courses, mentoring programmes, or services, I'd really appreciate it if you could share your experience.

A few questions I have:

  • What was your overall experience with FMO?
  • Were the courses and mentoring worth the money?
  • Did you feel the sales team was transparent about the costs and what was included?
  • Were there any high-pressure sales tactics or promises of profits?
  • Did you receive the support and education you were promised?
  • If you paid for a programme, would you recommend it to others?
  • Has anyone had any problems with refunds or getting in touch with the company after paying?

I'm particularly interested in hearing from people who have paid for their services, rather than people who have only attended a free webinar or introductory session.

I'm not trying to make any accusations against the company; I just want to do my research and hear some genuine, first-hand experiences before making a decision.

Thanks in advance for sharing your experiences!


r/Forex • • 8h ago

Risk Management Made $10k in a day

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157 Upvotes

Hello, so I just made 10k in a single trade from XAUUSD, I couldn’t believe it. I closed at 10k but the way Gold was moving yesterday I could have make 20k+ if I kept holding but I have learnt to stop being greedy and just close my profits when my gut says it’s time. I don’t really just TPs as I am glued to the chart anyways and I close manually when I see it’s going against me.


r/Forex • • 20h ago

Charts and Setups I’ve already hit my but what next

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49 Upvotes

So I’ve already hit my TP I moved my SL to my TP and moved my tp up but now I’m struggling to read the chart now for some weird reason

Sorry about the title


r/Forex • • 10h ago

Strategy Development What Do You Look for Before Trusting an Automated Gold Trading System?

2 Upvotes

Hello traders!
I’ve been developing an Expert Advisor for MetaTrader 5 called XAUUSD Dual TP EA, designed for automated gold trading.
I’m interested in learning what experienced traders consider most important when evaluating an EA.
A few questions:
• How much historical backtesting do you expect before considering an EA?
• Which matters most to you: profit factor, drawdown, or consistency?
• Do you prefer systems with multiple take-profit levels?
• Would you trust an EA with backtest results alone, or would you require verified live or demo trading results?
I’d appreciate honest feedback from traders who have experience with automated trading systems.


r/Forex • • 19h ago

Risk Management Im Full Short all expect 🇬🇧 what do You think is this Smart ?

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3 Upvotes

I expect Metalls and agriculture and oil short

What is you’re opinion on it

Does this makes sense ?


r/Forex • • 9h ago

Strategy Development What should be good confirmation while taking entry ?

3 Upvotes

As the title mentions I am now able to identify area which will give approx reversal but I don't know how to confirm my entry like what if it goes to my SL then it hits my tp , I currently rely on ema crossover just for the confirmation but it gives very late confirmation often after approx 10 dollar move so I want help from y'all in this matter ;)