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Arrogant advice
Member Since Jan 05, 2016
1097 posts
Jul 04, 2019 at 19:45
Bansheedo posted:
I thought that "Elliot Wave, Wolfe Wave, Gann Theory" are strategies? Please correct me if I am wrong
In general you can think of them as complex patterns that appear in the markets.
When those patterns manifest, then you would trade based upon your strategy.
With Elliott and Wolfe you are looking for somewhat similar setups for your points of entry.
How you trade those setups is the strategy.
If it looks too good to be true, it's probably a scam! Let the buyer beware.
Jan 13, 2020 at 16:36
Confidence is needed but over confidence is will harmful, sometime because over confidence then leading trader being greedy in trades, and dare to take high risk in trading witch actually the market very dynamic and not always after trader open trades then will directly get profit
May 06, 2020 at 16:48
I think the advice was too harsh. But it's still true... It is true that most traders lose money on trades, but it is their own conscious choice. For most traders, it's a learning process. After all, think for yourself, what would be the motivation to learn from your mistakes, if there was no fear of losing your own money?
May 06, 2020 at 22:27
Having some real money in the game is necessary to make us aware that this is not a video game--it's a business just like any other but you don't have to worry about all the expenses like rent, insurance, salaries, inventory, etc. like a retail business.
On the other hand, if you treat it like a casino, subject only to the whims of chance, you will never learn how to make it a successful business. Get into a solid learning program that will teach you why the market moves as it does. You can pay someone now, or pay a lot more later as you lose your stake on "hunches".
Trade safely and well
On the other hand, if you treat it like a casino, subject only to the whims of chance, you will never learn how to make it a successful business. Get into a solid learning program that will teach you why the market moves as it does. You can pay someone now, or pay a lot more later as you lose your stake on "hunches".
Trade safely and well
Member Since Feb 22, 2011
4573 posts
May 07, 2020 at 08:06
Mnegamand posted:
I think the advice was too harsh. But it's still true... It is true that most traders lose money on trades, but it is their own conscious choice. For most traders, it's a learning process. After all, think for yourself, what would be the motivation to learn from your mistakes, if there was no fear of losing your own money?
You can learn to trade on demo,
no need to waste real money,
which you can use for your family.
Member Since Feb 22, 2011
4573 posts
Jun 22, 2020 at 12:34
ReaderTrimble33 posted:
Forex cultivates greed. It is one of the arrogant pieces of advice that I came across. While working on forex, it is important to have your intentions and emotions in check to make sure that you focus on growing and learning with it and stay prepared for losses and risks.
That is of course important
but 90+% people lose money trading forex because they dont have good trading plan
that's why the advice is valid though it is arrogant.
Member Since Jul 09, 2020
32 posts
Jul 16, 2020 at 07:45
Duktilar posted:
You can and should listen to the tips, but you should always leave the last choice for yourself.
Exactly. Listen to everybody but do as you feel like.
Member Since Feb 22, 2011
4573 posts
Jul 16, 2020 at 07:58
The point is
if you are not long term profitable and stready on demo
then you should never trade for real
else you waste your money.
if you are not long term profitable and stready on demo
then you should never trade for real
else you waste your money.
Member Since Jun 22, 2020
69 posts
Jul 17, 2020 at 07:21
Duktilar posted:
You can and should listen to the tips, but you should always leave the last choice for yourself.
Very true. Opinions are shared and listened, but the final choice is always on you
Member Since Jul 09, 2020
32 posts
Aug 04, 2020 at 12:18
Duktilar posted:
You can and should listen to the tips, but you should always leave the last choice for yourself.
True.
Member Since Feb 22, 2011
4573 posts
Aug 04, 2020 at 12:46
IvanMelnik posted:Duktilar posted:
You can and should listen to the tips, but you should always leave the last choice for yourself.
True.
Guys,
I see you have followed my advice and you do not trade at all.
That is wise to preserve your money
However I do encourage you to trade on demo. Perhaps you will find some profitable strategy one day and start trading for real.
Member Since Jul 23, 2020
696 posts
Aug 04, 2021 at 10:28
Don’t be greedy. At first aim for learning rather than earning.
Aug 05, 2021 at 08:26
Actually , demo trading service is available here and there! So, you can start your demo from anywhere! But try to use transparent Forex brokers! Then you can start your live trading with the same broker! But I would suggest to use multiple demo accounts for standard judgement! Happy learning!
Member Since Aug 05, 2021
394 posts
Aug 19, 2021 at 02:14
You gotta invest money to make money. My family spends around $80 a week eating out and we buy our kids toys weekly and pay for other extra things, so why not put something towards something that could actually make you more money? I think it's silly to never try to find other sources of income but I do understand that a lot of people lose money doing this. Also know that a lot of those people don't really know what to do and they think this is an easy way to make money.
Member Since Mar 03, 2019
57 posts
Aug 25, 2021 at 10:26
Yes lots of traders lose money and don't make it. That is because they don't educate themselves and do not have the patience to learn correctly.
Aug 25, 2021 at 11:47
HeavLeighGill26 posted:
You gotta invest money to make money. My family spends around $80 a week eating out and we buy our kids toys weekly and pay for other extra things, so why not put something towards something that could actually make you more money? I think it's silly to never try to find other sources of income but I do understand that a lot of people lose money doing this. Also know that a lot of those people don't really know what to do and they think this is an easy way to make money.
So true. At least in Forex there is a chance that you will earn income from it. Whereas burning or spending money will just guarantee a loss
