prakash104's Posts

Patient Swing Trading in Trading Systems Mar 23, 2020 at 09:49

Hi Timothe, I will never ever follow such risky plans to increase the capital.This is the last time and I decided that I will follow proper risk management rule and will grow slowly and steadily.If we maintain such risky plans, then one day all money will be gone.I know that.

Patient Swing Trading in Trading Systems Mar 20, 2020 at 10:16

I started this month with just 200 USD. Corona virus did all harm to human beings, but, not to my account. Finally, got a decent capital with just one month time from 200 USD to 1000 USD due to this corona virus affected markets.

Honest truth about forex..... in New Traders Nov 07, 2016 at 15:45

According to me, if any one not able to control their mind of removing stop loss or extending it and taking too much risks in the market must never consider this business.This is only for tough minded people and not for those who cannot follow their trading plan.

Beginners - Kill your emotions in New Traders Nov 07, 2016 at 15:32

Controlling emotions or killing emotions means that you must not commit emotional trading mistakes.I know that human beings cannot fully control their mind.But in trading controlling our emotions is very vital so that we can win in forex trading. One single mistake can destroy an entire trading account that is build over the years. So we should be a master of mind control.Otherwise we can't win.

Swing vs Intraday in Experienced Traders Nov 07, 2016 at 07:18

I am a swing trader.In my initial trading days, I was an intraday trader and I used to watch the charts all day end up losing money.But, only after I turn out to be a swing trader, I am doing good.Also now a days, I am not watching charts all day.I will spend just 45 minutes one time in a week.After placing my trade, I won't watch the market for a week.Set and forget is my method.And now I am happy that I am trading well.

Every novice trader must learn from my trading account in New Traders Oct 26, 2016 at 06:29

Yes, I can share with you tiffany. First and foremost thing is you must consider trading as your second source of income.That means, you must make decent money from your primary source to run your family.Next thing is never do trading alone with your computer, form a team(may be your life partner or anyone who stays with you). Now two brains are doing trading and not one.If you can do these two things, then you can control your emotions and will nver commit emotional trading mistakes.

Every novice trader must learn from my trading account in New Traders Oct 23, 2016 at 07:09

Guys,trading forex needs lot of patience and discipline.If you see my trading results, you can clearly notice that in the month of august, I had almost 6 continuous stop loss hits in swing trading.This is the time that most novice traders will get upset and try to recover their lost money immediately.Finally, they will end up blowing their trading account. But, you can see the next september and october month I was so patient without altering my trading plan and finally I recovered all my august month losses with great discipline.This is real trading my dear friends.This is the real...

Safe Fx Investments in Trading Systems Oct 16, 2016 at 07:04

Follow the legends way In this article I want to make you to follow the legends way.Let's see some great words of legendary traders with this article.Marty Schwartz:“I have learned through the years that after a good run of profits in the markets, it`s very important to take a few days off as a reward. The natural tendency is to keep pushing until the streak ends. But experience has taught me that a rest in the middle of the streak can often extend it.”- Marty SchwartzPaul Tudor Jones:I’m always thinking about losing money as opposed to making money....

Intraday Trading is gambling in New Traders Oct 13, 2016 at 06:29

I am not against intraday trading.What I am saying is many traders doing intraday are watching their systems all day end up losing their money and health.If any one spend only less hours in a day to trade is great.But many people they are doing the opposite.Especially,it turns out to be addiction towards watching forex charts all day and finally blowing their account.That's why, my advice is follow "set and forget trading method" even in intraday.

Intraday Trading is gambling in New Traders Oct 13, 2016 at 06:28

Yes, we need to take risk in our life, but not at the cost of losing everything you have.You must take only calculated risks in forex trading.

Only 40 trades in a year will double your capital in Experienced Traders Sep 04, 2016 at 07:06

Friends, I don't want to tell anything for your reply except onething, my trading account will talk after few months.I will be in decent profit.

Treat Forex Trading as an yearly business in Experienced Traders Aug 21, 2016 at 11:17

Many forex traders are expecting a lot of unrealistic profits from the market.They are expecting to become a millionaire within few months.This unrealistic expectation make them to lose all their money in forex market.From my point of view, if you are a swing trader or positional trader, you must treat forex trading as an yearly business.Why I am saying forex trading as an yearly business???Because I never measure my profits after one or two months.(Example: If you start trading with a capital in January 2016, then you must calculate your profit or loss only after one year.That is in January 2...

Only 40 trades in a year will double your capital in Experienced Traders Aug 15, 2016 at 05:09

Majority of novice forex traders around the world have wrong concept of overtrading.They are thinking that they will make money only if they trade a lot(i.e 200 trades in a month).200 trades in a month means 2400 trades in a year.But this is absolutely wrong way of trading forex. I am making money only with 40 to 50 trades a year.Can you believe this????.Yes only 40 trades can do it for you.If you have a capital of 10000USD. Then you can make 10000USD profit in one year so that your capital will now be doubled as 200000USD.This simple math with prove you that 40 trades in a ...

Beginners - Kill your emotions in New Traders Aug 08, 2016 at 05:23

Over trading means placing too many number of trades. It leads to deviate you from your strategy.If you watch and trade sitting in front of your system all the time, then you will be overtrading.Perosnally I am trading only 2 to 4 times in a month and I am successfully making money.That's trading and not overtrading.

Intraday Trading is gambling in New Traders Aug 08, 2016 at 05:23

Not only tested strategy is enough.If you fail to follow your trading plan with discipline, then you are gambling in the markets.

Intraday Trading is gambling in New Traders Jul 24, 2016 at 12:20

Yes friend, whatever you said is true.But being a swing trader, I am trading slowly and I have linked my real live account with myfxbook. Also, now I am in a profit of 20% account growth.I am not doing intraday trading.Can you show me your trading results in myfxbook with intraday trading approach.??????

How to build a good trading strategy? in General Jul 11, 2016 at 05:51

My forex trading success is due to two things.1st - trading method2nd - self discipline A professional forex trader will use a simple forex trading method.It won't be a complex method.Many losing forex traders don't have any good strategy to trade forex. They may be using multiple techniques and different time frames.The key to success in forex trading is you must have a well defined simple trading strategy. If you are using multiple techniques, then take a resolution from here onwards not to use them.Use only one or two techniques.Never change your st...

Steps to become a professional forex trader in New Traders Jul 07, 2016 at 04:57

do demo trading for atleast 3 to 6 months.But always remember that demo is totally different from real trading because in demo, there is no pressure for you.But in real account you will be facing lot of emotions.So use demoto test only the accuracy of your method.

Steps to become a professional forex trader in New Traders Jul 03, 2016 at 06:23

Choose your mentor carefully: Now - a- days there are many TV programs and channels promoting online forex trading as an easy business.They are selling some software and they also tell us that it's easy to make money with this software.But if you think about it logically, if a person is having a software to make money then it's possible for him to make money with that software itself.But these sellers are not real traders, they know that the software won't work for a long time.That's why they are cheating people with coloured advertisements and so on.Never believe these scamm...

Beginners - Kill your emotions in New Traders Jun 26, 2016 at 07:14

Only 5% traders are making money in any financial markets(stocks,commodities and forex).If you are new to online trading my first advice is not to believe any websites that claim for 100% accuracy in trading.It's absolutely impossible.My question is can we predict our future?The answer may be we can guess.That's it, we cannot tell exactly what our future will be tomorrow.Same concept is applicable to trading.Nobody cannot predict exactly about what will happen next in the markets.So forex trading business is all about probability and not exact or accurate.

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Posts by prakash104