Advanced Forex Blog

Monthly Insights for Forex Traders April 2021 by Saul Lokier

April 26, 2021 | 10:15 am | Advanced Forex Blog
April 26, 2021 | 10:15 am
Advanced Forex Blog
Monthly Insights for Forex Traders April 2021 by Saul Lokier

Real forex traders challenges

At The5ers, we speak to many of our traders about their strategies, systems, and emotions through our Portfolio Analyst Resource.

We talk about the traders’ challenges and successes!

From these talks, we learn a lot of important insights regarding trading performance that might be helpful for all of you!


Here are some key insights from last month:

“I know the market moves in waves, but how can I know how large they will be? ”

Insight: Every currency pair moves a certain distance on every impulse or retracement. The average pip distance covered on those movements is called a Price cycle. You can measure the movements and average them to get an idea of how much is expected from that pair to move from pivot to pivot. 

“Should I focus on one pair, or should I trade multiple pairs.”

Insight: It really depends on you. Trading various pairs will give you more setups and trading opportunities. While focusing on a single currency pair, you will get to know that specific pair’s nuances and eventually master it. There is no right or wrong, and it depends on your trading plan and strategy.

“I lose confidence after a few losses in a row.”

Insight: It’s normal and understandable. Remember that a strategy will win about 50%-70% of the time, so sometimes we will face a few losses in a row and still stay within the strategy parameters. Just make sure nothing has fundamentally changed in the market. In that case, you have to adapt your strategy to new market conditions.

“I started doing better when I stopped using my EA.”

Insight: Congrats on that step. It might exist, but I have not seen an automatic EA that makes profits over a long period of time, so learning to trade is eventually the best skill to develop. You can still use some tools to help you find some patterns or setups, but the trade execution and risk management are better done manually.


My stops are 20 pips away, but they get triggered many times.

Insight: There needs to be a reason for placing a stop at a certain level. 20 pips are a lot for some pairs but very little for other fast pairs. 20 pips might be a lot for the 1-minute chart but very little for the daily chart. Make sure you place your stops on the other side of a key level, so you don’t get stopped out before the price moves in your favor.

You are the real deal, the best company out there. Thanks for all the support and the opportunity you provide.

Thanks again


Monthly Insights for Forex Traders Final words

Some trading challenges are very common across many traders. Some of them are more sophisticated, but some have a relatively simple solution.

We are happy to see the improvement in the traders’ equity curve who have attended a Portfolio Analyst meeting.

If you are a 5ers trader, you can also schedule an appointment with one of our portfolio analysts to share your challenges and get feedback. Just go to your dashboard and save your spot.

If you want to receive an invitation to our live webinars, trading ideas, trading strategy, and high-quality forex articles, sign up for our Newsletter.

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