Indorder posted:
Easier said than done. All humans have emotions when they are $1000 in the red!
Trading should be done with amount the trader is ready to loose without to be broken. That said, does not mean that the money should be lost and once this is accepted, the emptions will not interfere over trading.
:)
Every faction in Fx trading contains huge risk, I admit. But if we can observe some mandatory trading rules Fx trading can be profitable but practically majority become loser from here , because they try to earn maximal result without learning.
Mar 23 2018 at 13:07
What are your 'mandatory trading rules '?
My common rule: Be prepared for the worst ... there is always a sense of unpredictability that should be taken in consideration even if you have the best strategy in place. Don't remember who has said this, but for me it's a mandatory rule:
'Never bet your lifestyle'
'Never bet your lifestyle'
Accept the loss as experience
Mar 29 2018 at 11:14
No risk - no champagne
Newbie should take demo account first of all because it will help them out significantly to gain more experiences and knowledge and to make mistakes as well. We all need to pass up all of those mistakes with fake virtual money rather than real money for sure.
Apr 09 2018 at 10:34
For sure, fake money is a lot cheaper than real money!
Apr 09 2018 at 10:35
Chachingggg posted:Only goverment can print as much money as needed without pain
For sure, fake money is a lot cheaper than real money!
Apr 09 2018 at 10:45
togr posted:Chachingggg posted:Only goverment can print as much money as needed without pain
For sure, fake money is a lot cheaper than real money!
Ha ha ha! Wall said; by the way I got your point of view!
Apr 11 2018 at 06:39
Even the government can't print money unchecked, that's how inflation tanks your economy.
In Fx trading there are many mandatory things that we have to ensure if we want to get maximal result from our trading . first of all when we newcomers have to move Babypips school to acquire real trading knowledge and also trade in a demo account at any broker, but practically mostly traders don’t believe the importance of this trading place at all. as a result they fall a great loss when trading practically.
mlawson71 posted:Right even government can't print money unconditionally, if this was the case than no one would have been poor in this world.
Even the government can't print money unchecked, that's how inflation tanks your economy.
Aug 15 2018 at 10:35
Just look at turkey. if you don't keep control of monetary policy the currency devalues and the economy suffers.
in Fx When looking for a broker there are many things that you have to check. Accordion to my trading experience, first of all, I will be looking for in a broker is, if they are regulated or not. Then I will see their deposits and withdrawal system how it works. Only regulated trading broker guarantee their client’s funds with certainly.
Totally. regulation is what you have to see, and from a proper country not some island in the Caribbean. I obviously like to look at spreads and commission too because that is the day to day cost for trading
In Fx trading there are many mandatory things that we have to ensure if we want to get maximal result from our trading . first of all when we newcomers have to move Babypips school to acquire real trading knowledge and also trade in a demo account at any broker, but practically mostly traders don’t believe the importance of this trading place at all. as a result they fall a great loss when trading practically.
Mohammadi posted:
In Fx trading there are many mandatory things that we have to ensure if we want to get maximal result from our trading . first of all when we newcomers have to move Babypips school to acquire real trading knowledge and also trade in a demo account at any broker, but practically mostly traders don’t believe the importance of this trading place at all. as a result they fall a great loss when trading practically.
No doubt, demo trading is very much important platform to learn Forex! New traders need to utilize this opportunity instead of misusing/abusing this opportunity.
Sep 26 2018 at 07:22
I think the main thing to bear in mind when trading forex is do not over leverage your account, so many people want to make as much as possible as quickly as possible and as soon as the market goes against the slightly they are in a margin call!! trade slow and trade steady!
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Demo is great but micro is better. Just risking a few cents is enough to really change the game and they way you trade. I would rather lose $500 from 3 months on micro than spend 3month on free demo. I would learn more from micro
Sep 26 2018 at 10:15
@RichPort I think you 100% right if you dont have your emotions involved you just end up clicking buttons
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