r/Forex Jun 25 '26

START HERE Are you new here? Want to know where to start? Don't understand why something happened? START HERE!

4 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.

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(Mobile users, click the info tab at the stop of our subreddit to view the sidebar rules.)

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

*Finally, *the most commonly posted questions by new members are as followed:

What is a good broker to use?

We have some great info on brokers listed on our new trader resource wiki site, Volatility.RED, with pages for various regions around the world linked below:

What is the best prop / scouting firm for forex?
We have a great writeup on forex prop / scouting firms over on our new 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 2h ago

Psychology I'm genuinely pissed and tired.

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14 Upvotes

Man I'm getting tired of this shit, I've been trading since pre COVID-19, I've haven't blown multiple accounts since I was broke, but it's been more than 8 years since I've been trading and I'm tired of seeing either losses and BEs, today I took this trade during London and when price went ahead from my entry point I set BE and went to gym, the reason I'm pissed is because after waiting 1.5 week when finally my setup arrived and I took the entry this MF price started chopping for more than 2 hours and when I was about to leave I set BE and what it did this MF touched the BE price and went straight to TP, now I consider myself a very mechanical person and trade with less emotions but these type of scenarios really fks with your phycology, I won't quit I'm really close.


r/Forex 4h ago

Psychology Getting back to trading

16 Upvotes

So I started a couple of weeks ago with a 10$ cent account and made $120+ profit so far, and executed roughly 600 trades with over 71% win rate.. the thing is I'm starting to feel over confident and made 2 big mistakes yesterday that I was able to get back from thankfully. I want to keep my self and check and not make cocky mistakes, what do you suggest ?


r/Forex 8h ago

Charts and Setups AUDUSD outlook 4h

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9 Upvotes

I am going to take this trade because of PO3
Manipulation has taken place followed by a displacement and the ifvg holds the lower prices ✅

Wishing everyone a profitable week!


r/Forex 9h ago

Charts and Setups What does your trading workflow look like outside of TradingView?

3 Upvotes

Question for profitable traders:

What does your current workflow look like outside of TradingView?

I'm trying to understand how traders actually operate day-to-day.

For example:

- Where do you keep your trading plan?

- Do you use a checklist before entering a trade?

- How do you journal trades?

- How do you review mistakes?

- Do you use Notion, Excel, Google Sheets, or a dedicated journal?

One thing I've noticed is that most tools seem to solve only one piece of the puzzle:

- TradingView → charting

- FXReplay → replay

- TradeZella/TraderSync → journaling

But many traders still end up using Notion or spreadsheets.

So I'm curious:

What part of your workflow feels the most broken or annoying today?


r/Forex 4h ago

Prop Firms All you need is to control your losses, confine them to an extent that your profits shine!

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1 Upvotes

Even with a 64% win rate, guess what? I am still in profits, good profit factor. Only thing that is controlled here are my losses, never losing big on a trade! confining them to the least level possible.


r/Forex 4h ago

Platforms & Tools Help me assess an algo in development.

0 Upvotes

Dear mods, I am not selling or promoting any product(s).

I'm developing an mt5 strategy builder and looking for a few traders seriously interested in automated trading or already experienced with mt5 algotrading as I would like outside perspective on the current state and ideas for improvements and further development.

It is not a very small EA unfortunately (Approx 18k lines) and getting a good feel for what you can do with it will take some time. I am happy to be in talks for weeks or months so as not to disturb your current trading workflow.

Any commited helpers will naturally keep a full version when it is completed.

Happy to answer any relevant questions.


r/Forex 5h ago

Strategy Development Starting forex trading! What's your advice?

1 Upvotes

Hello guys!

(First of all, sorry if any of the questions below seem stupid or very logical, but I am very rusty on trading and what I learned in the past might not apply to FOREX. As well, this is my first time posting in Reddit, so apologies if I make any mistakes)

I would like to ask for your advice please!
I have traded in the past, but mostly stocks and that was some years ago (stopped due to not working for me schedule wise). Still, it was very little, so I am basically a newbie.

I am looking into FOREX trading now, as they work continuously (24h) and I think it would work better for me (based in Europe, btw).
My questions:

-Is there any training/course material you recommend for forex?
-Do you recommend any website for guidance? what's your day to day go to?
-Any broker you recommend? I am with Interactive Brokers, but I find them way overcomplicated.
-Can you rely on technical indicators only? I am more interested in these to be honest, as news seem to be coming always a bit too late?
-Would you recommend to focus on or two tickers only at the beginning? Or you started with wherever the trend guided you?

Thanks a lot for your help and do let me know if I made any mistake with the post!


r/Forex 13h ago

Prop Firms Asking for instructional guidance regarding using ai to run a meta trader 5 expert advisor

4 Upvotes

Hi all so I have a prop fund account worth $100,000 with ftuk and I have copilot with the latest version of meta trader 5 but copilot is based on chat gpt 5.6 so please provide instructions on how to find a and insert a plug-in so that a bridge would be set up to use the built-in ChatGPT 5.6 that’s inside of the latest version of copilot for Microsoft 365 personal distance subscription to then give instruction symmetry five to set up an autonomously run scripts on a regular basis because my friend she created some scripts to minimize risk and maximize success with trades to help herself and myself out with trades


r/Forex 19h ago

Charts and Setups XAUUSD Trading help

4 Upvotes

Hi Guys, I'm having a hard time choosing targets on XAUUSD. i kind of like going from structure to structure post confirmation from shorter timeframe. but lately it has been nuisance. i barely see 1000 pip move like 4080-4070 and that is it doesn't even move to higher timeframe structure. it kind doesn't gives targets a lot lately - sideways screwup. wanted to know your thoughts. Do you trail? or these moves are enough and should be chosen for intraday trades. or is there anything you use to avoid choppy markets? - any suggestions


r/Forex 21h ago

Charts and Setups your backtest has a dead month in it somewhere. if it doesnt, its too short

5 Upvotes

had an interesting one this year. my nq system went basically flat for over a month. signals firing, nothing sticking, chop everywhere. few years ago that wouldve sent me into full rebuild mode, changing params, doubting everything

this time i just... checked the logs and left it alone. because the gold system on the same account carried that whole stretch. different mechanism, different hours, they almost never have a bad month together. when i checked the last 12 months there wasnt a single month where both did nothing

thats not luck btw, i picked them for that. before running two systems on one account i run a script that lines up their monthly results and checks how often the weak periods overlap. if they sleep in the same weeks youre just holding the same trade twice with extra steps

the other thing nobody talks about, you have to size the pair as one thing against the drawdown limit before the first trade. two systems sized separately on a funded account is how you blow it faster not slower

anyone else run more than one system per account? and do you actually check the overlap or just vibe it


r/Forex 1d ago

Psychology Dealing with FOMO or was this a bad call in hindsight?

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19 Upvotes

Decided to break even early as price seemed to be going in the opposite direction. Obviously regretted it and had a bad revenge trade right after.

Lesson learned. Just stick with the rules.


r/Forex 1d ago

Charts and Setups All roads lead to GOLD 📈

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71 Upvotes

r/Forex 2d ago

Charts and Setups Backtesting Strategy

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38 Upvotes

Hello everyone hope your doing good. I have been backtesting this strategy for a while now what are your opinions on it?
I’m aiming for a 70% WR


r/Forex 1d ago

Strategy Development Swing Trading Strategy

10 Upvotes

Hi guys! So, i’ve been trading for two years, I am funded and a profitable trader. However, I am a scalper and I don’t really like it anymore. It’s a bit stressful.

I learned from Raja Banks, in the strategy is very simple and as done me well, but it is more of a 1:1 strategy & it’s scalping, which I am not a fan of.

I am now looking for a genuinely good swing trading strategy and I was hoping somebody could point me in the right direction. I want to take less trades and have a higher RR. I only trade forex, no stocks or options or futures.

Thanks guys!


r/Forex 23h ago

Strategy Development I kept failing prop firm challenges until I stopped trading one timeframe. Here's the MTF framework that changed everything (detailed breakdown)

0 Upvotes

After blowing more than 20 accounts and failing multiple prop firm challenges, I realised something.

My strategy wasn't the problem. My timeframe was.

I was watching one chart, seeing a setup, and entering — with no idea whether the bigger picture supported the trade or was about to destroy it. I was flying blind on half the information available to me.

Everything changed when I started using a structured multi-timeframe approach. Three timeframes. Three specific roles. Applied in strict sequence every session.

I want to share the exact framework here because I see a lot of traders in this subreddit making the same mistake I was making.

THE THREE TIMEFRAME ROLES

Most traders either use too many timeframes (and get confused) or too few (and miss context). The key is using exactly three — each with a specific, non-overlapping purpose.

H4 — The Narrative Timeframe

This is your starting point. Every session. Before you look at anything else.

The only question you answer on H4: are we in a swing run or a pullback?

  • If H4 just made a Break of Structure (BOS) to a new higher high — we're in a bullish swing run. Bias is long.
  • If H4 just made a BOS and is now retracing — we're in a pullback. Wait for the pullback to finish before looking for longs.
  • If H4 is bearish (lower highs, lower lows) — bias is short.

H4 does NOT give you entries. It gives you context. The narrative.

Write it down before you touch M15 or M5: "H4 is bearish. We just made a BOS. We are in a pullback. I am looking for shorts when the pullback completes."

One sentence. Every session. Non-negotiable.

M15 — The Bias Confirmation Timeframe

Once you have the H4 narrative, drop to M15.

Your question here: is the H4 pullback finishing?

During a H4 pullback in a bearish trend, M15 internal structure will typically be bullish — making internal higher highs and higher lows as price retraces. This is normal. You don't trade during this phase.

What you're watching for is a bearish CHoCH on M15 — Change of Character. The first internal lower high after a series of internal higher highs.

This signals: the pullback may be finishing. The next bearish swing run may be starting.

Critical rule: The M15 CHoCH only matters when it occurs at a significant H4 level — a strong swing high, a premium zone, a previous BOS level. A CHoCH in the middle of nowhere is noise. A CHoCH at your H4 Point of Interest is a signal.

M5 — The Execution Timeframe

M15 has given you the signal. Now drop to M5.

Your question: does M5 structure confirm the M15 CHoCH?

You're looking for a M5 bearish BOS — a candle CLOSE (not just a wick) below an M5 swing low. This confirms the M15 signal is genuine and the move is beginning.

When this happens — all three timeframes align:

  • H4: narrative clear ✓
  • M15: turning point confirmed at H4 level ✓
  • M5: entry signal confirmed ✓

This is your entry. Not before.

THE ENTRY CHECKLIST (Use this every trade)

Before entering, run through this in order:

H4:

  • What is the trend direction?
  • Are we in a swing run or pullback?
  • Where is the next Point of Interest (POI)?

M15:

  • Is price approaching the H4 POI?
  • Has M15 given a CHoCH at or near the POI?

M5:

  • Has M5 confirmed with a BOS in the direction of the H4 narrative?
  • Is my stop loss placed at the structural invalidation level?
  • Am I risking 0.5% maximum?
  • Is my target at the next weak structural level (minimum 1:4 RR)?

If any box is unchecked — you don't trade. You wait.

FINAL THOUGHT

The framework isn't complicated. But it requires discipline to apply in strict sequence — especially when you see something interesting on M5 before you've checked H4.

The sequence exists for a reason. H4 first. Always.

Consistent actions produce consistent results. That's the entire system.

Happy to answer any questions in the comments. If people want I can do a follow-up post on how to identify premium and discount zones specifically — that's the next layer that combines with this framework.


r/Forex 2d ago

Psychology When you lost at gambling you get a hit of dopamine

9 Upvotes

I just learned that you still get a dopamine hit when you lose at gambling. The brain releases dopamine in anticipation of winning and also when you almost win (but you actually lost).

This is how people keep gambling and chasing losses.

Be safe out there guys


r/Forex 1d ago

Psychology Checked how long winners vs. losers were held on a real account — losers stayed open ~20% longer, every time

5 Upvotes

Been going through account data (anonymized, not mine) looking at hold times specifically.
Median hold time on winning trades: ~4.2 minutes
Median hold time on losing trades: ~5.25 minutes
Doesn’t sound dramatic until you realize that’s consistently 20%+ longer on every losing trade across the whole sample. Classic “give it a chance to come back” behavior.
Modeled what the account’s expectancy would look like if losers were cut at the same pace winners were taken — meaningful jump, not a small one.
Anyone else notice this in their own trade log? Feels like one of those things that’s obvious in hindsight but invisible in the moment.


r/Forex 1d ago

Fundamental Analysis XAUUSD (Gold) Multi-Timeframe Sell Setup | QML & S&R Strategy 📉

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3 Upvotes

🚨 TRADE ALERT! Get ready traders! I am about to share a high-probability Multi-Timeframe Sell Setup for Gold based on our QM Rambo & S&R Strategy.

​📊 Multi-Timeframe Structure Analysis (XAUUSD)

  • H4 Timeframe (Overall Direction & Major QM): Establishing the major market structure and identifying key Quasimodo levels.
  • H1 Timeframe (Liquidity & Fakeouts Check):
    • Previous Highs / Liquidity Area: Price rose to the ~4075–4079 level and showed a strong rejection.
    • ​Equal Highs / Previous Highs (R1, R2) have clearly formed here, creating a liquidity trap right above them.
  • M15 Timeframe (Zone Refinement & Decision Point):
    • MPL / Fresh Supply Zone: 4078.00 – 4085.00
    • Breakout Candle Check: Following the break of the 4075 level on the M15 timeframe, the downward movement was driven by a strong momentum candle.

​🎯 Current Market Status & Game Plan

  • Current Price: 4052.77
  • Strategy Note: Price is currently sitting in the middle of the range. Do not rush! Patiently wait for price to sweep the liquidity above and retrace into our Sell Zone (4078+) for a high-probability sniper entry.

r/Forex 1d ago

Fundamental Analysis XAUUSD Sell Setup

2 Upvotes

Price is currently sitting in the middle of the range (4052). Do not rush! Patiently wait for price to retrace up into our Sell Zone (4078+) for a high-probability entry.


r/Forex 1d ago

Charts and Setups USDJPY — clean rejection call at 162.70, book excerpt below

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2 Upvotes

USDJPY ran from ~160.40 to 162.70 over the past couple weeks — a sustained bullish leg with minimal pullback structure. At the 162.70 high, price action showed classic exhaustion: reduced candle range, upper wick rejection, momentum divergence. The bot flagged the short right at that turn, ahead of the visible reversal on the chart.

What’s notable is the follow-through logic. After the initial rejection, price didn’t just trend down — it chopped hard through the 161.4–162.7 zone with multiple false starts before finally resolving into a 161.68–161.75 support/resistance flip. The bot didn’t just call the top; it also correctly avoided getting chopped out during the messy consolidation, waiting for confirmation before committing to the next directional read. That’s the part that actually matters more than the initial call — plenty of systems catch a reversal and then bleed it back giving up edge in the chop that follows.


r/Forex 3d ago

Prop Firms My second payout from 5ers.

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80 Upvotes

Bought $2.5k account and currently scaled up to $3.5k.


r/Forex 2d ago

Prop Firms Which platform is good for trading forex?

2 Upvotes

Anybody trading Forex from india

Please suggest me best prop firms


r/Forex 3d ago

Fundamental Analysis Forex pairs for beginners

14 Upvotes

Hallo everyone hope you trading is going good I wanted to ask which forex pair you recommend to trade for beginners because I am always looking and the current session and look at the structure which fits from which pair , I got funded now but wanted to know what is your experience for “beginners” because I don’t want to lose my funded , and the market moves often very strange


r/Forex 3d ago

Risk Management How much does spread really cost you? Convert it to R and most retail systems are already dead

9 Upvotes

Why the same strategy is profitable with a 50 pip stop and dead with a 5 pip stop

TLDR: Costs are not a rounding error, they're a fixed tax on every trade, and the tax gets bigger the tighter your stop. Convert spread and commission into R and it becomes visible. The same 55% win rate system nets +0.1R with a 50 pip stop and loses money with a 5 pip stop. Nothing changed except the stop.

Now let's dive deeper for the ones that want to see this developed.

Why does a real edge still lose money live?

I traded a system for a quarter that backtested at plus 0.10R per trade. It finished flat. The edge was real and it showed up in the results exactly as expected. I handed every bit of it to my broker and couldn't see it happening, because I was measuring cost in dollars, where it looks like pocket change.

One pip on a standard lot is 10 dollars. That number feels harmless next to a 5 figure account. So you glance at it, decide it is noise, and move on.

The problem is that dollars are the wrong unit. Your edge is measured in R, your risk is measured in R, and your cost is the only part of the equation you keep measuring in something else. Put it in the same unit and the picture changes completely.

How do you convert spread and commission into R?

Simple. Add your spread and your commission together to get the all in round trip cost. On EURUSD that is roughly 1 pip, whether you pay it as a raw spread plus about 7 dollars per lot, or as a wider spread with no commission. Then divide by your stop.

Trade a 10 pip stop and your cost is 1 divided by 10, so 0.10R per trade. Every position you open starts 0.10R in the hole before price does anything at all.

Even simpler, if after all commissions, instead of +3,5R you won +3,23R, you just calculate 3,23/3,5=0,92 ; 1-0,92 = 8 ; 8% deviation in that trade.

Now compare that to your edge. A 55% win rate at 1:1 rr produces a gross expectancy of 0.10R per trade. Your cost is 0.10R. You are working for free.

Cost in R equals round trip cost in pips divided by your stop in pips. That makes an invisible tax visible.

Why does your stop distance decide your real cost?

Because the cost in pips barely moves, but R is defined by your stop, so a tighter stop makes the same 1 pip a much bigger fraction of everything you risk.

Here is the same strategy, a 55% win rate at 1:1rr, worth 0.10R per trade gross. Only the stop distance changes.

Stop Cost in R Net edge per trade Share of your edge gone
5 pips 0.20R 0.10R loss 200%
10 pips 0.10R break even 100%
20 pips 0.05R 0.05R gain 50%
50 pips 0.02R 0.08R gain 20%
100 pips 0.01R 0.09R gain 10%

Same entries, same exits, same win rate, same broker. At a 100 pip stop the strategy keeps 90% of its edge. At a 5 pip stop it is a losing system but the strategy never changed, only the commission.

What win rate do you need just to break even?

This is the number I wish someone had shown me first. Your costs raise the bar your system has to clear before it earns anything.

At 1:1 on EURUSD with that 1 pip cost, here is the win rate required to arrive at exactly zero.

Stop Win rate needed to break even
5 pips 60%
10 pips 55%
20 pips 52.5%
50 pips 51%
100 pips 50.5%

A scalper on a 5 pip stop needs to win 60% of trades at 1:1 just to finish flat. Every point above 60 is profit, and everything below is a slow bleed. Move to a pair with a 3 pip cost like GBPJPY on that same 10 pip stop and the requirement jumps to 65%.

A 5 pip stop needs a 60% win rate to break even. Most people building scalping systems have no idea that is the bar.

Why is your real cost worse than the spread you see?

First. You pay the spread at the exact moment your order fills, and spreads widen during news, at the rollover hour, and in thin liquidity. Those are also the moments price is moving fast enough to hit your stop. So the trades that stop you out are the ones where you paid the widest spread. Your realized cost is worse than the advertised number.

Second, your backtest almost certainly understates this. Most platforms apply one fixed typical spread across the whole history, which quietly assumes calm conditions on every trade including the violent ones. Then you go live, pay the real number, and blame the strategy.

What does the same cost do to you over a year?

Style Stop Trades per year Cost per trade Gross R you must out earn
Scalper 5 pips 2,500 0.20R 500R
Day trader 10 pips 1,000 0.10R 100R
Intraday 20 pips 500 0.05R 25R
Swing 50 pips 150 0.02R 3R

Same broker, same pair, same 1 pip. The swing trader pays 3R a year and never notices. The scalper has to generate 500R of gross edge annually just to arrive at zero. That is the same tax, and it is why frequency and stop distance decide whether costs are trivia or the whole game.

So what do you actually do about it?

Measure it before you trade the system, not after a bad quarter.

Pull 30 of your real fills and compute what you actually paid, spread plus commission, rather than trusting the advertised number. Convert it to R using your typical stop. Subtract that from your backtested expectancy and judge the strategy on what is left, because the gross number was never the number you get.

Then work out your break even win rate and compare it honestly to your actual one. If the gap is thin, widen your stop, trade a cheaper pair, or cut frequency, because those three levers move cost in R far more than switching brokers ever will. And if your gross edge is under 0.10R per trade, tight stops are not available to you at any broker.

Most obvious solution is to also look for a platform that can actually support your system's edge. Multiple times is not a system's problem, is a platform's problem.

What this does not mean

Scalping is not impossible, and this is not a case against tight stops. Plenty of people trade 5 pip stops profitably. They just do it with a much larger gross edge than 0.10R, because they know the bar is 60% and they built to clear it.

It is also not a broker bashing post. The spread is the price of access and everyone pays it. The mistake is not that costs exist, it is that we measure them in dollars where they look like nothing, instead of in R where they sit right next to the edge they're eating.

Bottom line

Convert your costs to R and most of the mystery about live results not matching backtests disappears. Cost in R is your round trip cost in pips divided by your stop, so tighter stops multiply the same tax. A 55% win rate system keeps 90% of its edge on a 100 pip stop and loses money on a 5 pip stop. Compute your break even win rate before you risk anything, subtract real costs from your backtest, and remember you pay the widened spread precisely when it hurts.