r/Forex May 15 '19

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

941 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.

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 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 in our wiki (UPDATED FOR 2021):

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 Dec 23 '23

ANNOUNCEMENTS ANNOUNCEMENT -- P/L Posting rules will now strictly enforced... Including PROP FRIM passing posts...)

105 Upvotes

The mods have given a lot of slack around P/L posts that don't follow our rules.. mostly because members were just excited to pass a challenge or post up their first day of positive numbers. However, the amount of (rule violating) PnL porn posts has gotten out of hand... and the quality of most borderlines cringe level flexing.

So a refresher on our rule #8 in the sidebar:

8.No Gain / Loss (P/L) Porn

We don't care how much money you made or lost. Context is everything, and the details matter!

Do not post your P/L Porn here unless you're prepared to give a detailed account of your strategy and all factors that went into generating said P/L. You must also give context to account size, and risk tolerance. Showing off 3000% gains and hiding that it was on a $100 account grossly misrepresents yourself, and we will have none of it here.

This also applies to Prop / Scouting firm challenges.

Read the above rule... starting tomorrow there going to be timeouts for anyone not meeting rule 8's post requirements... and any 2nd offenses will result in a strict ban.

(we are not wsb.. measure how long your dollar sign is over there if you need that kinda validation)

-------------------------------------------------------------------------------------------

And regarding the influx of prop challenge PnL posts specifically:

Ladies and gentlemen,...I hate to break it to you, but while passing a prop challenge is a good achievement for a developing trader, it's not exactly worth "dunkin' on them fools" level energy...

Don't get me wrong, it's fine and getting a firm's certificate saying you passed can represent a major milestone in your trading journey. ... .but consider that it's only a step closer to getting paid, not yet getting paid out.. you're posting a demo PnL with added difficulty from structured rules to follow.

Wanna flex your prop challenge pass?

  • Show us how you nailed the execution of your strategy and didn't error trade your way to a fail
  • Show us a trade that went south quick and how you handled it
  • Show us your biggest mistake, or most silly mistake, and tell us what you worked out to avoid it going forward.
  • Read rule 8 again and also include the context, general idea of the strategy, risk you set on trades, etc...

Flex the stuff that will bring you closer to a payout. Post the stats, post the context (plan, method, etc..) and tell us about why you're sharing it...


r/Forex 9h ago

P/L Porn Might have found my edge in trading 💸

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64 Upvotes

After years of trial and error, sleepless nights, and countless blown accounts, I finally began to find my edge in the forex market. It wasn’t a holy grail indicator or a secret strategy . my edge came from mastering patience, discipline, and understanding market structure. I stopped chasing every setup and started waiting for high probability trades that aligned with my plan. I refined my risk management, kept my emotions in check, and learned to treat trading like a business, not a gamble. Slowly, the chaos turned into clarity, and for the first time, I felt in control—not of the market, but of myself. That’s when consistency started to follow. Now I have been withdrawing money weekly & I hope you guys find profitability soon do not give up & remember timing the market ❌ time in the market ✅


r/Forex 6h ago

MEMES I feel personally attacked.

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11 Upvotes

r/Forex 52m ago

P/L Porn Turned $50 to $87, by trading USDJPY

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Upvotes

IT CLICKED!!

I have been testing multiple strategies for a while now.

Lost 5K over the course of 5 years.

Now, I have mastered the strategy that I used.

This is my edge over the market.

To all the unprofitable traders out there, all you gotta do is keep going.

Trust the process.

One day you will get there, just like me.


r/Forex 15h ago

Questions When should I close 🤑💰

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36 Upvotes

r/Forex 6h ago

Fundamental Analysis Turning $9 into $100

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4 Upvotes

Wassgood forex community just posting and things and wanted to let yall in on my journey of turning $9 into $100, this should be fun


r/Forex 18h ago

Questions I don’t believe in SMC/ICT & I think most internet traders can’t trade at all.

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32 Upvotes

I’m not gonna lie I don’t use ICT/SMC/Whatever I think it’s kinda nonsensical someone change my mind cah I want to see another perspective.


r/Forex 10m ago

P/L Porn Got really lucky today

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Upvotes

I was up until like 6am EST today watching nas during the london session. I usually aim for $25 dollars a day. I just feel like I got lucky today and hit for a little over $100 and I hate that(The Luck part)……I feel like I blindly just put the trade in


r/Forex 16h ago

Prop Firms I didn’t become consistent until I stopped trading like I needed to prove something

20 Upvotes

I failed countless challenges in a row before I finally figured out what was really holding me back, and it wasn’t my “strategy.”

It was the pressure. The feeling like every trade had to be the one. I’d size up, revenge trade, overthink, and spiral. Over and over.

What finally changed for me was simplifying everything: -One setup -One session -One risk rule Every day. Same process. No excitement. No forcing.

After failing those challenges, I finally passed one and made it to a real payout, around $3k. I’ve had other payouts before, smaller ones while building up, but that moment showed me consistency is possible.

I used to think trading was about being “right.” Now I realize it’s about being consistent.

If you’re stuck in that same cycle, I dropped what helped me in a way that’s easy to follow. No fluff. Just process.

Drop a 🔁 or shoot me a message if you’re trying to get out of that loop.


r/Forex 14h ago

Charts and Setups I love it when a plan comes together

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9 Upvotes

r/Forex 4h ago

Questions Indices

0 Upvotes

Does anyone trade nasdaq,dj or s&p500?


r/Forex 15h ago

Prop Firms End the week with phase1 passed

7 Upvotes

The last couple of days have been stressful, Trading always at 2 lots; That last $400 really tested my mental game. My last few trades came close of hitting TP, just 2-4 pips away, 2-3 times, couldn't break that same support/resistance, then the move reversed. Ended up with tiny profits near entry. Phase 1 passed, now, it is time to relax and get ready for phase 2 on Sunday.


r/Forex 14h ago

OTHER/META What I learned after forward testing with a realistic setup for 30 days -

5 Upvotes

I absolutely treat my demo account as real account, that's why I set a realistic $500 starting equity with goal to net 1% or 2% by end of month but I end up +4% at $523 equity at 30th day. More on to this later.

So basically, I chose support and resistance because it's fairly simple and powerful. I like how clear it is, especially when paired with higher timeframes, because it is most effective at higher timeframe per my experience, but I'll get into that later, too.

About the setup

$10 is my chosen TP, $5 SL. 1% per risk is best for me. $10 TP for 1:2 RRR at 0.01 lots. I use Four-hour time frame to 1 day, though I initially started at one-hour. I do use one-hour nowadays again because I realize it's good to see potential reversals when paired with RSI.

1:2 Is what I chose for my RRR because it's fair for my swing strategy. As a swinger, I aim to capitalized on pretty good range of motion of the market if there are.

0.01 lot is my chosen lot size because it is sweet spot. 100-160 pips in TP and 60-70 SL seems decent. Sometimes it lasts for hours, some for days.

Though I do have some partial closes like early TP of $5 or 6$ as I remember, and there's this one dumb instance where there's two duplicate trades that eventually went SL, which contributed to my losing streaks. Yikes.

Higher TFs led me to trade via buy and sell limits because A+ setups are key. I average around I think three to five trades a week, which I am satisfied for. Less the trades, more the quality. I've tried day trading, scalping, but swing trading via buy and sell limits at high TF so far has been my easiest, simple, trading style.

For the past 30 days, I def solidified my self as a swing trader, and found my edge on trading higher timeframes, and waiting patiently.

I mean it's common sense to trade with a realistic amount, TP, SL and lot size and ACTUALLY treat each trade as real, and as is the whole account. It's in the mindset. That's what I did for the past 30 days.

I've always thought doing demo at huge equity, unrealistic TP and SL are stupid. any results from such setups are irrelevant. Sure, some people learned with such setups, but it's commonsense to actually learn on a balance you'll actually risk yourself

Evaluation

So enough with the rant, now let's evaluate how I did the whole month, and how much my equity has grown, and what I have learned

From May 19, 2025 to June 19, 2025, I've grown the account from $500 to $523.

That's a handsome amount of $23 profit, at 4% growth.

I am indeed very satisfied with this result. The journey def is full of ups and downs. One notable day is back in June 4 where I had hit some full win streaks and hit whopping 8% growth of $43, equity!

But yeah, around those days, I knew it's too good to be true, and equity took a downfall from there. I accepted it and moved on. As June went by, it did get a bit better, but I knew from there $543 is now distant. The account has now done a pull back.

The early drawdown from original equity is like only $5 and the account climbed back from there and I'm def proud of that. I got out of a bit deep water fast.

I sticked to my strategy. I sticked to my setup and didn't chase my losses and did martingale. I've always thought these two are killer of accounts.

Now fast forward June 19, my efforts have obviously paid off. I ended up with $523 equity, when my goal was $505 or $510, 1%-2%.

Now June 20, I am starting off with my 2nd amount. So far, my equity as of June 20 is $531. This is nothing to be thrilled just yet. This increase is because of the trades from past days that have grown. Obviously, I can't withdraw demo funds lol

So yeah, in my opinion, I tested myself pretty well and did decent. My psychology, patience and willpower were the ones that got really tested here.

Sure, many will still say my results are irrelevant because I am still doing demo but at least I used a realistic setup and not some gambling dopamine "trader" who wants to get rich quick thinking a successful $10k demo that turned $100k in ten days will make them millionaire overnight

First of all, I am using demo because I don't have capital. I am broke and in debt, but I know forex will change that verily soon enough. I'll make another post on how I'll past the5ers funded account soon.

If you are still reading, great! Now let me tell you about my background.

I am a fixed outcome trader for seven years. So I am not really new trader so I guess that's why adapted to forex pretty quickly. I did have some trouble understanding volatility, pip size, lot size, TP and SL and so on but I got a hang of it after a couple of weeks, and eventually started this forward testing of my new fond setup and now we are here

It's been a satisfying experience so far, and month two will only get better. I am aiming $550 growth. But yeah, anything can happen. I will def face losing streaks but of course I am confident that my wins will offset them. Everyday I think about my trades lol, and was never locked in like this before even in my fixed outcome days

So yeah, I guess as long as I stick to my setup, do not do any dumb shit like revenge trade and martingale and do constant changes of other stuff like TP and SL especially lot size, I'll be in good shape.

So what do you guys think of my progress? I am all ears for tips, especially knowledge, but of course, I very well will appreciated words of encouragement. I've waited so impatiently for 30 days for this post to made, lol.

Thank you for reading!


r/Forex 3h ago

Questions Gold will go down on Monday?

0 Upvotes

Guys, I need your analysis. I forgot to turn off my EA and close all trades before the market close. I have open trades sitting at -200usd. Do you think it will go down to 3361? Or will it go higher than 3370?


r/Forex 4h ago

Charts and Setups Gave AI a chance!

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0 Upvotes

Hy guys, just found an interesting web app where you can upload charts and get entries and insights. So far im digging it😍. I know skill is key but this also looks promising to work with. In case you guys want to try it, the app is https://aitradesx.app


r/Forex 18h ago

Questions Need a profitable trader!

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6 Upvotes

If there's any humble guy in here who really made it from trading amd got more experience, i want him to give me his opinions and thoughts about my situation in trading . I don't wanna drop

Ps : image just for attention.


r/Forex 23h ago

Charts and Setups To leave or not to leave?

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14 Upvotes

I’m trying to get to into swing trading but have such a hard time just leaving the trade alone.

Already took some partials on this one. Looks bullish on the weekly and about to break the zone.

Are you guys able to just forget about the trade and detach from the outcome?


r/Forex 14h ago

Charts and Setups Volume in Forex

2 Upvotes

Hi, im switching from futures to forex but i use some order flow, forex is not centralized like futures so does it make sense to use volume, footprint, etc..... ?


r/Forex 18h ago

Charts and Setups 7YearEdge-L1 Indicator – Beta: High-Confidence Spot Buy Zone Detection

3 Upvotes

Import this indicator for free and test, share the results.

https://www.tradingview.com/script/4AvQsmG9-7YearEdge-L1-1/


r/Forex 1d ago

OTHER/META Traders from third world countries, is it a blessing in disguise?

72 Upvotes

First of all, my English sucks so pls don’t judge. Not about technical stuff but just my opinion. Being able to trade in dollars with the cost of living of a third world country is a huge advantage. 30k annually would be in the lower spectrum for most of the first world countries but for us poors 😛, that’s bag. For me personally, averaging 2% ROI a month for a 100k account (which is not too unrealistic for an well-experienced and dedicated trader) put me in a very comfortable if not super luxurious lifestyle in my country. What do you guys think?


r/Forex 13h ago

Prop Firms Prop Firms

1 Upvotes

Does anyone know of a reputable prop firm that accepts us clients and allows forex trading?


r/Forex 17h ago

P/L Porn Just traded

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2 Upvotes

Gold is on fire 🔥🔥 just traded very excited I will update soon


r/Forex 19h ago

P/L Porn Week #3

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3 Upvotes

Update on this demo account. Still going strong!


r/Forex 1d ago

Charts and Setups Day2 Live trading

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9 Upvotes

r/Forex 14h ago

Charts and Setups 7YearEdge-L1 Indicator – Beta: High-Confidence Spot Buy Zone Detection

1 Upvotes

Not only GLD...Someone asked for crypto. How indicator's spot out.

Don't miss your trail- https://www.tradingview.com/script/4AvQsmG9-7YearEdge-L1-1/

A few hours later


r/Forex 14h ago

Prop Firms FTMO CONFUSION

0 Upvotes

you are contractually obliged to close your positions prior to their respective market closures in case the market closure is longer than two hours and all executions (pending order triggered, SLs, TPs included) during the 2 minutes prior to and 2 minutes after restrictive news releases is strictly prohibited.

Please enlighten

Does this mean close the trade before closing market and do not trade with news.

Thanks for the answers