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Emotion in Fx
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mlawson71

Member Since Dec 11, 2015  1487 posts mlawson71 Mar 03 2018 at 15:00
Imamul posted:
Emotions and greediness is difficult to control for the beginners when there is a large amount. But in micro account there is no chance. So, of course it can be suitable for beginners


There is no chance for what? I am not sure I get your point.

snapdragon1970

Member Since Sep 12, 2015  1943 posts kieran (snapdragon1970) Mar 04 2018 at 21:10
If your starting with a micro account you have to think about % gain and not how much your making cash wise,that is not easy to do but it will be great training for when you can invest more,I have seen some micro accounts do extremely well but mostly on other financial products.

"They mistook leverage with genius".
mlawson71

Member Since Dec 11, 2015  1487 posts mlawson71 Mar 05 2018 at 15:49
snapdragon1970 posted:
If your starting with a micro account you have to think about % gain and not how much your making cash wise,that is not easy to do but it will be great training for when you can invest more,I have seen some micro accounts do extremely well but mostly on other financial products.


I've always viewed micto accounts as training tools, they're not for making a big profit or anything. They definitely have their uses though.

snapdragon1970

Member Since Sep 12, 2015  1943 posts kieran (snapdragon1970) Mar 05 2018 at 16:04
Yes it is an excellent training tool,then ramping up capital ,same method is used by institutions ,starting with a small amount then gradually increasing capital.

"They mistook leverage with genius".
RedPips

Member Since Feb 15, 2018  14 posts RedPips Mar 06 2018 at 14:40
Very true. An institutional account is probably around $1m though!!! But the idea is still a sound one. No point starting to risk your life savings if you don't know what you are doing

snapdragon1970

Member Since Sep 12, 2015  1943 posts kieran (snapdragon1970) Mar 06 2018 at 15:46
The process is what they focus on first,not profit ,risk reward is always being monitored,bigger account plus it's someone else's money.

"They mistook leverage with genius".
snapdragon1970

Member Since Sep 12, 2015  1943 posts kieran (snapdragon1970) Mar 06 2018 at 18:17
The brain is a pattern seeker ,by Marketdelta has some useful insight.

"They mistook leverage with genius".
BlueDino20

Member Since Mar 07, 2018  13 posts BlueDino20 Mar 07 2018 at 12:04
What do you mean?

snapdragon1970

Member Since Sep 12, 2015  1943 posts kieran (snapdragon1970) Mar 07 2018 at 17:29
BlueDino20 posted:
What do you mean?



"They mistook leverage with genius".
expkhaled

Member Since Sep 12, 2018  21 posts Bongotrader (expkhaled) Feb 18 at 07:19
BaldoN posted:
mlawson71 posted:
Imamul posted:
Most of them time newcomers attacked by the emotions and after having some losses they try to take revenge from here. As a result they lost their whole equity. For removing emotions and others worst activates they should be more disciplined on practice account. Otherwise they will not come out from current losses.


That's true, but how do you propose to gain such discipline?


The discipline comes with screen time and experience :)
thats true... enough screen time will be realize the market. When we got a real picture of market then we can make a plan. When we have plan there is no emotion. Because formula is there.

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