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Learning Forex Trading

Mohammadi
Oct 06 2017 at 10:09
886 posts
Every traders got their own criteria for installing stops, it also all depends on how much you can afford to lose at an unsuccessful deal. And look at the trading strategy.

snapdragon1970 (snapdragon1970)
Oct 06 2017 at 10:51
1944 posts
My plan is to lose as little as possible on every trade, that's why you have to wait for the right moment or what you think is a higher probability of it going in the right direction, just example: waiting for re tests, extended or exhausted price action

"They mistook leverage with genius".
achillea
Oct 08 2017 at 06:34
2 posts
markjasonmanikan posted:
How much is the minimum amount I should invest for my leverage if I will open new account?


 1: 10 leverage/ 1000USD 😄

ethanav
Oct 08 2017 at 06:35
2 posts
paull3000 posted:
In my opinion:

Leverage needs are different to every trader, depends on your strategy and how much money you plan to risk on every trade, anything above 5% risk per trade is suicide, 3% is already a good number.

If (for example) you plan to eventually open an account with $5,000:

1. open a $5,000 demo account and trade with that for a few months untill you become profitable. That way you will have time to test and try your system and emotions.

2. Once you are profitable on demo start with a real account, but fund it only with $1,000 (out of your $5,000), wait until you are profitable, at least one month.

3. Deposit up to half of your capital, wait until you are profitable. At least one month.

4. Deposit the whole amount

You wil:
a) learn to trade first with demo funds,
b) you will learn to control your emotions first with a small amount of money
c) You will not risk your capital until you feel safe and you can really trade
d) You can use all the time it will take you to become profitable to save the money to finally fund your real account
 


interesting!
I have to learn a lot yet.

Mohammadi
Oct 11 2017 at 11:20
886 posts
Actually profitable Forex trading depends on a great combination, so many traders only emphasis on good trading knowledge. but practically to get maximal result by trading we have to make sure powerful trading strategies , risk managing plan , real time of using SL and much more besides real trading knowledge.

Mike76
Oct 30 2017 at 07:38
10 posts
Mohammadi posted:
Actually profitable Forex trading depends on a great combination, so many traders only emphasis on good trading knowledge. but practically to get maximal result by trading we have to make sure powerful trading strategies , risk managing plan , real time of using SL and much more besides real trading knowledge.


Can you recommend some books or where could I get the best know-how for trading strategies or risk management plan?

CoolKimOne
Oct 30 2017 at 15:34
12 posts
babypips is good online source

Admoni
Nov 01 2017 at 07:17
95 posts
I think the main reason is that people think they can enter a market and ready. .. believe it is easy and that from one day to another can be a trader, to succeed takes time analyzing markets and in particularly by developing a system that functions for them because if a system works for me does not imply that works for all others persons.

snapdragon1970 (snapdragon1970)
Nov 01 2017 at 12:04
1944 posts
chasingreturns has a platform worth checking out if you want to improve.

"They mistook leverage with genius".
Mike76
Nov 02 2017 at 07:28
10 posts
CoolKimOne posted:
babypips is good online source


Great! Thank you!

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