amsoc posted: Boh...for me is very hard find a edge. Boh…
RULE #1 RISK MANAGEMENT
Trade smaller sizes, trade less often, avoid over trading, trade without emotion, use automation where possible and reasonable, trade high probability set ups, use reasonable and realistic take profit targets, use reasonable and realistic stop loss targets, use a profitable trading strategy, kill losing trades, hold winning trades until they hit your TP use proper financial planning protect your investment and assets at all cost
What instrument you trade is IRRELEVANT (currency pair, stock, bond, whatever)
Diversify investment capital.
When an investment account is blown, there is ultimately only one person responsible for it. The Investor...
Not the broker, not the markets, not the currency pair.
So I'll say this yet again....
If there is a massive loss of capital (blown account, etc...), ultimately the responsibility for the problem is the Investor. Regardless of the event that caused a blown account, the fact that account is blown should be all the information anyone needs to know.
If risk is managed properly, even a catastrophic market event can be protected against, or at least the impact can be limited to an accepted level.
These are just my opinions of how I personally trade, but I think they would be reasonable to most people if considered.
If it looks too good to be true, it's probably a scam! Let the buyer beware.
Forex is always profitable. But not necessarilly for you. Think about it, if you have losing trade, is there counterparty(ies) who make(s) profit. Indeed there are - somebody who trades opposite to you - your broker always make money when you trade. Fair broker does no play against you. But there are many that profit when you lose - I am sure there are more parties making profit when you lose
Mohammadi posted: in order to me, anyone can be profitable trader , its not a bid deal , the main issue is to keep continue the same profit ratio.
Basically, only good skilled traders are able to make decent profit in a long run; with an ordinary trading skill; consistency will be an illusion.
You do not need much skills. All you need is a good strategy, money management skills and patients. The brokers are crucially important because if you trade OTC (Over Counter Trading) you sell to them. And even if you are in profit the broker wants to buy from you as cheaply as possible so your job is not to let them buy for peanuts. Always have several brokers if you are serious in trading. Consistency is not an illusion it is a reality. 15 Year on raw and keep counting.
vontogr posted: So what do you think distinguish profitable trader and loser?
Certainly you know better
I think I know that But learning from others is important part of being successfull
You are absolutely right. But what do you think about instability of market behavior? Some books and strategies that worked previously may not work in current market conditions.
Everything is going in cycles. There have always been various events moving markets a lot and periods of small volatility. I haven't updated a single line of code of my strategy for years and it is working well.
HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors.
Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance.
You could lose some or all of your initial investment. Do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions.
Any data and information is provided 'as is' solely for informational purposes, and is not intended for trading purposes or advice.
Past performance is not indicative of future results.