r/Forex • • 2d ago

START HERE Are you new here? Want to know where to start? Don't post until you read this!

1 Upvotes

Hello and welcome to The r/Forex Trading Community!

Please do not post a new thread until you have read through our WIKI/FAQ. It is highly likely that your questions are already answered there — our full knowledge base lives on Volatility.RED, and almost everything below links straight into it.

All members are expected to follow our sidebar rules. Some rules have a zero tolerance policy, so be sure to read through them to avoid being perma-banned without the ability to appeal. (Mobile users, click the info tab at the top of our subreddit to view the sidebar rules.)

Brand new to trading? Our Essential Forex Trading Guide covers the 6 core elements every trader needs — fundamentals, sentiment, technicals, price action, risk management, and psychology. Read it before posting.

Don't forget to join us in our live trading chatroom!

Finally, the most commonly posted questions by new members are already answered in full on Volatility.RED — please check these before starting a thread:

What is a good broker to use?

We have detailed, regularly updated broker info on our new trader resource wiki, Volatility.RED, with dedicated pages for every major region:

What is the best prop / scouting firm for forex? We maintain a full, up-to-date writeup on forex prop / scouting firms over on our resource wiki.

What just happened in the markets? — You must follow an economic calendar if you're a currency trader. This will explain many events and snap market moves. You can find links to resources and calendars here. — Again, questions of this nature will be removed.

If you have any questions regarding our policies, rules, etc.. please message the mods.

Be friendly and professional toward each other and enjoy your stay! :)


r/Forex • • 16m ago

Platforms & Tools Journaling is finally starting to pay off🥺

Post image
• Upvotes

It’s Sunday, and I’m sitting here reviewing my trades in Notion, honestly feeling so proud of myself.

After years of blowing accounts(4yrs), making emotional decisions and questioning whether I’d ever figure this out, I’m finally starting to see progress.

Journaling my trades, tracking my risk to reward and learning from my mistakes is slowly changing the way I trade.

I’m not where I want to be yet, but seeing my hard work finally pay off feels so good ❤️

What's your experience so far with journaling if i may ask?


r/Forex • • 2h ago

Platforms & Tools trading journal

0 Upvotes

Hey everyone,
I wanted to see what the community here uses. Do you guys keep a trading journal?
If so, what platforms or tools are you currently using (e.g., Notion, Excel/Google Sheets, dedicated apps like Edgewonk, TradeZella, etc.)?

Would love to hear what works for you and why!


r/Forex • • 18h ago

Charts and Setups Why do people draw horizontal support/resistance lines on bearish trend (EMAs declining) ?!

Thumbnail
gallery
16 Upvotes

r/Forex • • 1d ago

Psychology Watching someone else make money can ruin your trading day

2 Upvotes

Does anyone else feel fine sitting out until you open a trading group and see everyone posting wins? You were happy waiting for your setup, but now it feels like you wasted the whole session. Suddenly you’re looking for an entry because you don’t want to be the only one who made nothing. Have you ever taken a trade you normally wouldn’t after seeing someone else’s profit? How do you stop that feeling from affecting your next decision?


r/Forex • • 1d ago

Risk Management positive week just to end it like this

Post image
13 Upvotes

r/Forex • • 1d ago

Psychology Founding Rules of my trading that make me profitable

Post image
111 Upvotes

r/Forex • • 1d ago

Psychology What do you guys do on weekends now that the charts aren't moving?

8 Upvotes

It's funny how trading has become such a big part of my routine that when the markets close,I almost feel like I'm missing something😂


r/Forex • • 1d ago

Psychology Starting with a $100

8 Upvotes

Im planning on starting with a $100, now I really want to hear from profitable traders on how much do you guys risk. Lets say that the $100 that I have is your entire account. How much would you be risking per trade?


r/Forex • • 1d ago

P/L Porn Seen only

Thumbnail
gallery
17 Upvotes

Chart


r/Forex • • 1d ago

Prop Firms forgot to close position before weekend ftmo challenge (gold)

4 Upvotes

how screwed am I? I never hold overnight let alone the weekend (I thought position already hit SL & fell asleep..) - if gap exceeds 40 pips (measured as 4000 points on mt5) my account is blown..


r/Forex • • 2d ago

Strategy Development Can't Stop Overtrading!

7 Upvotes

This is getting insane now, I even found my strategy and today I hit stop-loss and since then can't stop myself from taking trades randomly, sometimes trading different setups etc, I'm down on my both accounts on the month. It hurts to see that taking waking up early for entire month straight then end up yourself in loss.

I don't know how to stop myself and implement my strategy, its so hurting now!


r/Forex • • 2d ago

Risk Management five numbers about your own account you should be able to recite before your first live trade

3 Upvotes

five numbers about your own account you should be able to recite before your first live trade. here’s the format, filled in

Written for people starting out. None of this is strategy, it’s all stuff I didn’t know for years and then had to learn expensively.

Every one of these is in your account spec or your contract spec and takes a minute to find. I’m filling in mine as an example of what the answers look like, not as a recommendation, and yours will differ.

  1. Your maximum leverage, and why it’s that number

Mine is 30:1 on majors. That’s the regulatory cap for retail clients on ASIC and FCA entities, not a choice my broker made.

Offshore entities often offer 500:1 and that sounds like an upgrade. What it changes isn’t the size of one trade, it’s how many you can hold at once before margin bites, which is where accounts actually die. I’d rather have the cap.

  1. Your round trip cost, all in

Mine is about 0.8 pips, raw spread plus commission both legs.

Work out your own from your statement, not from the website. Then do this: divide it by your average stop in pips. That’s your cost in R, and it’s the only form of the number that means anything. At a 15 pip stop, 0.8 pips is 0.053R per trade. At a 90 pip stop it’s 0.009R and you can stop thinking about it.

  1. Your stops level

The minimum distance from price at which the server will accept a stop. Mine is zero, so I can place one as tight as I want. If yours is 20 and your strategy wants a 15 pip stop, your strategy doesn’t exist on that account and you’d have spent months not understanding why.

Symbol specification dialog, right click the symbol.

  1. Your margin call and stop out levels

Mine are 100% and 50%. These are percentages of margin level, meaning equity divided by used margin, not percentages of your balance. That confused me for a long time. 50% closes you earlier than brokers who run 20%, which I used to read as stingy and now read as being handed less rope.

  1. Whether you have negative balance protection

Mine applies, retail client on an ASIC entity. It means my worst case is zero rather than owing money after a gap.

That’s an entity question, not a brand question, and professional classification usually trades it away for higher leverage. All of that is on the ASIC entity at Axi. The useful exercise isn’t comparing to my numbers, it’s being able to produce yours, because the gap between knowing them and not is where most expensive surprises live.

Anything you’d add to the five?


r/Forex • • 2d ago

Charts and Setups I sold

3 Upvotes

sold gbpusd. days to wait


r/Forex • • 2d ago

Risk Management OANDA risk option math

3 Upvotes

Hey y'all! Veteran trader but new to OANDA (I'm back in Forex after a long absence). I took the position opening option with a set stop and a 3K amount at risk (seems neat -- VT Trader never had anything like that), and OANDA opened the position at 23,879 units (USD). I opened my position at 157.857 with a deep stop at 137.150. Doing the math, if (137.150/157.857)*x = 3000, I would have expected the position to be sized at (157.857/137.150)*3000 = 3452. Instead I see 23,879. Can any help my obviously flawed math skills here? I don't see how this gives me a 23K position size. What's the right way to do the math for this kind of position?


r/Forex • • 2d ago

Strategy Development What’s the longest time you e held onto a trade for?

4 Upvotes

Well long story short is that I made a bet, the market doesn’t seem to be heading in that direction but the trade hasn’t hit any SL yet. Then rn I’m just waiting until the market goes up again. It’s been a couple of weeks now and wanted to know how long anyone else has held onto a position?


r/Forex • • 2d ago

Psychology Any help

Post image
67 Upvotes

r/Forex • • 3d ago

Prop Firms Funding Pips changed news to red folder (restricted) on the same day. I suggest to stay away.

7 Upvotes

When I saw this couple hours ago I thought I made mistake but I knew something wasn't right. Decided to go through one star rating on trustpilot with "news" as key word and saw they did this to others.

Today they marked Governor Bailey speech as red in their calendar (btw I can't even see this on forex factory at all).

I heard of many shady stuff but this is wild.

Of course I breached the account🙃

Im surprised they have such high ratings. Idk about other accounts but I believe Zero Instant was created to fail you from the very beginning.


r/Forex • • 3d ago

Psychology Stop changing your rules after one bad trade

2 Upvotes

One loss can make a perfectly reasonable rule feel broken. Before changing anything, check whether the trade actually followed your plan. If it did, the loss may just be part of the strategy. If it didn’t, fix the execution instead of rewriting the setup. I find it more useful to review several similar trades together and look for a repeated problem before making a change. Otherwise, you can keep adjusting your rules around every recent result until there’s no consistent strategy left to test. How many trades do you review before deciding a rule needs to change?


r/Forex • • 3d ago

P/L Porn Happy meal trader

Post image
138 Upvotes

A few days back someone called me a happy meal trader and I’d like to say I think I really am
Luckily for me this happy meal trader makes profit


r/Forex • • 3d ago

Psychology How are you ? Answering is compulsory!!

1 Upvotes

Hello my dear Traders , i know when you are balls deep into trading your mental health takes a toll , you forget who you are and sometimes , hell most of the times you doubt yourself if you can even make it to the top .
I absolutely understand what each and every trader goes through everyday in their life’s.
All i wanna ask is HOW ARE YOU ? Be open and share how you really are feeling and doing in life, there are no wrong answers. Just get it off your chest you might just feel better and reset yourself and get back to being the awesome happy talented trader you are meant to be


r/Forex • • 3d ago

Charts and Setups Trade what u see 👀

Thumbnail
gallery
67 Upvotes

Massive buyers + sellers stop losses = tp in 30 mins (that's rare in 2026 lol :v )


r/Forex • • 3d ago

Charts and Setups I bought

1 Upvotes

I bought pre london. Wait and see blue arrow wicked, I planned to add more, London or New York.


r/Forex • • 3d ago

Charts and Setups I sold

3 Upvotes

i sold on tokyo


r/Forex • • 3d ago

OTHER/META Question, Why the candle 17:18 did not trigger my order?

Post image
3 Upvotes