Jun 27 2018 at 06:42
BaldoN posted:
Stop loss is important - the re is no doubt, but what is also very important here to place the stop on correct place. :)
Now this is a lesson ALL new traders should pay attention to! Well said!
Keep it simple, be disciplined, get rich slowly and above all protect your equity!
Jul 01 2018 at 06:37
JacoAF posted:BaldoN posted:
Stop loss is important - the re is no doubt, but what is also very important here to place the stop on correct place. :)
Now this is a lesson ALL new traders should pay attention to! Well said!
Trading without SL means, you are taking 100% risk in every trade, really unprofessional. I always set my SL based on support and resistant levels on my trading chart.
Adribaasmet posted:
Trading without SL means, you are taking 100% risk in every trade, really unprofessional. I always set my SL based on support and resistant levels on my trading chart.
I agree 100%. However, if someone faced a great loss without SL, they will learn the mistake to avoid the same mistake again.
BaldoN posted:
Stop loss is important - the re is no doubt, but what is also very important here to place the stop on correct place. :)
Well said, where to place the stop loss is the most important thing to learn.
Managing the loss and risk is a great skill in successful trading, we can’t avoid the demo trading which sometimes teach us how to manage risk. When you trade with high leverage in demo then you ll understand how much risk you have to take in live for avoiding loss. So please remove this immature thinking that demo doesn’t work.
Demo is best place to learn and test new things. It is much cheaper than doing this on a real account!!!
Oct 09 2018 at 10:19
Dambovita posted:
Demo is best place to learn and test new things. It is much cheaper than doing this on a real account!!!
That is true.
On the other hand you can't prepare for real trading by trading demo only as the emotions trading real are quite different.
Honestly speaking, I have never found at any guys who takes forex as a simply hobby and also profitable from here. Because if anyone takes this market place as a part of hobbies , he or she will not be gainer . because men are not willing to grant more hardworking and dedication in their hobbies which is more appropriate to get maximal result in Fx.
Imamul posted:
Honestly speaking, I have never found at any guys who takes forex as a simply hobby and also profitable from here. Because if anyone takes this market place as a part of hobbies , he or she will not be gainer . because men are not willing to grant more hardworking and dedication in their hobbies which is more appropriate to get maximal result in Fx.
That's the fact! if someone is doing trading as a hobby then he would never like to come of his comfort zone.
Oct 12 2018 at 09:51
WiktorM posted:Imamul posted:
Honestly speaking, I have never found at any guys who takes forex as a simply hobby and also profitable from here. Because if anyone takes this market place as a part of hobbies , he or she will not be gainer . because men are not willing to grant more hardworking and dedication in their hobbies which is more appropriate to get maximal result in Fx.
That's the fact! if someone is doing trading as a hobby then he would never like to come of his comfort zone.
Well I have started forex as hobby,
trading nice portfolio of demos.
Once friend of mine told why don't I trade it live having such good results, told me if I am scared...
That is how I started.
