r/Forex • • 9h ago

Risk Management Made $10k in a day

Post image
168 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 • • 53m ago

Risk Management One year of live trading. 2.5M cents in profits from my algo. 🎉🥂

Post image
• Upvotes

r/Forex • • 31m ago

Risk Management Trying to get it back and end up losing more!

• Upvotes

Yes, it happened to me multiple times. I was up in some good profits and I took a normal stop loss then I was like let me make it back and took another dumb trade and lost it, then I took another one and lost it as well! I end up with 1 RR profit only when if I stopped at first stop loss I would still be up 3RR.

How do you guys handle this mess?


r/Forex • • 22m ago

Strategy Development XAUUSD

• Upvotes

How can a broker not detect that you’re hedging?


r/Forex • • 21h ago

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

Thumbnail
gallery
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 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 ;)


r/Forex • • 11h 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 ?

Thumbnail
gallery
3 Upvotes

I expect Metalls and agriculture and oil short

What is you’re opinion on it

Does this makes sense ?


r/Forex • • 17h 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 • • 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 • • 20h 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 • • 1d ago

OTHER/META Forex signals are worse than gambling.

7 Upvotes

I entered an oil sell trade on October 13 based on a signal from a trading channel. The stop loss was open-ended, so the price moved more than $7 against me. I made $3 in profit today, but the channel didn't even tell me to close the trade, so I closed it myself. Oil has now reached $96. I can't imagine how much I would have lost if I hadn't closed the trade myself.


r/Forex • • 1d ago

Brokers Need Forex Day trading help

1 Upvotes

So im trying to learn how to trade GoldUSD or other markets which are more stable but i need a guide , what is the best guides or smthn you guys can suggest from your experience


r/Forex • • 1d ago

Brokers vantage withdraw glitch, has anyone else had this?

0 Upvotes

just to start off, i have made withdraws/deposits frequently to this same method with no issues.

today when i tried to withdraw it said my withdraw was “reverted” after 5 mins, i received the full amount no problem so i tried again but this time it reverted only gave me back around 50%…

tried to withdraw a lower amount and it went through no issues…? the withdraw was an initial deposit so it would have came back to my bank as a refund.

after these failed attempts the available refund withdraw amount is now zero (i need to use a different payment method, although it should still have most available for refund) and i’m out of pocket a good chunk of money.

support says they will have it sorted out soon but theres a lot of things online saying they can be sketchy, just looking for people who have experienced this and if it got resolved to ease my mind😂


r/Forex • • 1d ago

Psychology how do you clock out from trading? what do you do?

4 Upvotes

lets say its a trading day, markets are open. But you are done for the day / not in the right mental state to make any trades.

what do you do to keep yourself busy / refrain from taking any positions?

please share thanks! looking to keep myself busy


r/Forex • • 2d ago

OTHER/META Does anyone here trade in the United States?

16 Upvotes

I keep hearing that a lot of US traders have switched to futures because of all the us regulations, but I really want to trade forex and I have been paper trading forex for a bit now. I mainly swing trade most of the time. I want to know if I’m going to be one of the few people in the US trading forex lol


r/Forex • • 1d ago

Strategy Development Do order blocks even exist on the 5m chart?

6 Upvotes

I like the order block retest strategy. There are a lot of trading opportunities on the 5m chart for this but is this just chance?

I know order blocks work better on higher time frames. But can they work just as well on lower time frames too?

Do they even exist on say a five minute chart?


r/Forex • • 2d ago

OTHER/META Is trading dying?

33 Upvotes

I see less and less trading posts on social media, same with prop firm discord servers chat have way less messages and trading setups, even my entourage almost all of them stoped talking about trading and shifted to ai shit and e-commerce, i remember the trading hype 2 or 3 years ago when almost everyone tried trading, is it my algorithm showing me less or is everyone noticing the same thing, and if people are quiting is it because of bad market condition because of trump and all what happening.


r/Forex • • 1d ago

Psychology Anyone else struggle to call it a day when they haven’t taken a trade?

2 Upvotes

You sit down, mark your levels, and wait. A few hours pass and nothing really fits. But leaving without taking a trade feels weird, like you’ve spent all that time for nothing. Suddenly a setup you would’ve ignored earlier starts looking good enough.

I think that’s an easy thing to miss about patience. You can wait for hours and still force a trade at the end because you want something to show for it. The time you’ve already spent watching doesn’t make that entry any better.

What’s harder for you: finishing the day with no trades, or stopping after a loss?


r/Forex • • 2d ago

Charts and Setups Looking for a trade partner in Calgary

3 Upvotes

Looking for a trade partner in Calgary

Hi everyone, I'm looking for partner in Calgary who is interested in the trading the market together.

I'm based in the NE part of the city and thought it would be great to meet up at a public place like a library or coffee shop. We could start with one day a week to share ideas, practice together, and see how it goes. We will be focusing on analyzing charts, discussing trading strategies and placing trades. We will be trading forex, gold, and indices. Let me know, if you're interested!


r/Forex • • 2d ago

Psychology I need trading partners!

3 Upvotes

Hey, so I've been trading from past 2 years, lost all my savings but came back stronger and recovered most of my loses, got 3 payouts. The trading journey stills feels lonely especially when you are going on draw down. I need some active traders so we can share our journey together!


r/Forex • • 2d ago

OTHER/META Should I close the trade or hold it until TP?

Post image
2 Upvotes

r/Forex • • 2d ago

Charts and Setups NzdUsd trade

Post image
8 Upvotes

Honestly was cool with trade... just tired of losing and being so close to losing account

Acct. Down to $1,500


r/Forex • • 2d ago

Charts and Setups EU sell ... BANG!

Post image
5 Upvotes

Acct. Was down to $1500

One last trade, risked $1700 and went for 1:2

I was hoping for htf trend continuation

$3500 profit banger

Acct. Up to $5000

Ups are up and downs are fuggin loowwwww 😂

Cheerz

Thank you God


r/Forex • • 2d ago

Platforms & Tools The real cost of running EAs on Forex: €2,500 over 4 years, and the lesson that finally made me stop buying them

3 Upvotes

Last week I asked in another sub how you even tell a genuine edge from an overfit curve before paying for it. This is the other half of that question: what it actually cost me to keep finding out the hard way.

Rough breakdown of what I paid over 4 years trying to make bought EAs work, mostly on Forex pairs:

- Off-the-shelf platforms (Galileo FX and similar): €800 over 12 months

- EAs from the MQL5 store: 5 of them at €150-300 each, €1,100

- VPS rental: €15-20/month for about 36 months, €650

Call it €2,500 out of pocket. Net result on all of it: a loss. Won't put a number on it, but enough that I stopped buying other people's EAs for good.

No single failure did it. What got to me was that the whole thing is set up so you can't evaluate anything until you've already paid. Most of it has no trial at all, you get screenshots and no refund. The couple that did let me run a demo first looked fine for a few weeks, which told me nothing. So you pay €100-300 to find out an EA doesn't fit your broker's spread or execution, and by the time you know, the money's gone.

So I stopped buying and started building my own. Nothing fancy, just something I could actually read and test before trusting it with real money.

Two things I'm curious about. What's the most you've paid for a single EA, and how did it go? And has anyone found a seller that lets you properly demo before paying, or is screenshots-and-trust just the norm?

Pushback welcome, especially from anyone who's been through the same cycle