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Členem od Feb 22, 2011
4573 příspěvků
Jan 12, 2015 at 13:11
icmarketsfx posted:
Most people loose money just because they came to forex with get rich quick mentality and start trading with very high leverage.
They key to get success in forex is low leverage and patience.
@icmarketsfx
That'not the best way. Actually low leverage will force newbies to invest a lot of money to trade.
Its better to have high leverage and stop losses
Or to play with cent accounts
Členem od Nov 19, 2014
157 příspěvků
Jan 12, 2015 at 14:22
(Upravené Jan 12, 2015 at 14:38)
How about Day Trading? that´s also highly promoted along with that get rich quick mentality..is that part of the problem as well?
If more people started Swing Trading, would thingsl turn around?
http://www.myfxbook.com/members/DRFXTRADING/duane/1079693
Transitioning from Day to Swing Trading is the hardest step,
After that, smooth sailing.
If more people started Swing Trading, would thingsl turn around?
http://www.myfxbook.com/members/DRFXTRADING/duane/1079693
Transitioning from Day to Swing Trading is the hardest step,
After that, smooth sailing.
Přílohy :
Trade Less, Earn More
Členem od Mar 26, 2014
18 příspěvků
Jan 12, 2015 at 14:59
togr posted:icmarketsfx posted:
Most people loose money just because they came to forex with get rich quick mentality and start trading with very high leverage.
They key to get success in forex is low leverage and patience.
@icmarketsfx
That'not the best way. Actually low leverage will force newbies to invest a lot of money to trade.
Its better to have high leverage and stop losses
Or to play with cent accounts
I was referring Low Leverage means to open smaller lot sizes. Take maximum 1% risk of your entire capital for one trade.
Get 20% discount on IC Markets
Členem od Mar 26, 2014
18 příspěvků
Jan 12, 2015 at 14:59
Trading style does not matter if you know what your are doing.
Get 20% discount on IC Markets
Členem od Feb 20, 2013
1 příspěvků
Jan 12, 2015 at 15:00
DRFXTRADING : do you have any info on how you take trades, your setup , sl's, tp's. etc..
I see you trade off of the H4 chart and from the looks of it, you wait for a break from consolidation.....is that all there is to your trading?
I see you trade off of the H4 chart and from the looks of it, you wait for a break from consolidation.....is that all there is to your trading?
Členem od Feb 22, 2011
4573 příspěvků
Jan 12, 2015 at 15:02
icmarketsfx posted:togr posted:icmarketsfx posted:
Most people loose money just because they came to forex with get rich quick mentality and start trading with very high leverage.
They key to get success in forex is low leverage and patience.
@icmarketsfx
That'not the best way. Actually low leverage will force newbies to invest a lot of money to trade.
Its better to have high leverage and stop losses
Or to play with cent accounts
I was referring Low Leverage means to open smaller lot sizes. Take maximum 1% risk of your entire capital for one trade.
@icmarketsfx
Leverage is leverage.
Small lot sizes is about risk mgmt:)
Členem od Nov 19, 2014
157 příspěvků
Jan 12, 2015 at 15:37
zemog..
Yes all of the info. on Stops, Tps etc. are set out in detail in my Trading Strategy Manuals..mainly for myself, but also for anyone interested..
I use both the Daily and 4 Hour Charts for my trading. Most of the trading involves waiting on the Daily Chart to give the breakout Signal and then enter on the 4 Hour Chart.
Yes all of the info. on Stops, Tps etc. are set out in detail in my Trading Strategy Manuals..mainly for myself, but also for anyone interested..
I use both the Daily and 4 Hour Charts for my trading. Most of the trading involves waiting on the Daily Chart to give the breakout Signal and then enter on the 4 Hour Chart.
Trade Less, Earn More
Členem od Nov 19, 2014
157 příspěvků
Jan 13, 2015 at 01:40
zemog, this is part of what guides my Stop Loss and Take Profit decisions.
This is taken from one of my Manuals that I use/provide to persons who are interested and now use my Methodology.
Of course some trades can be less than the 100 Pip Minimum, but the Stop Loss levels are strictly enforced.
Working well so far, can´t complain
This is taken from one of my Manuals that I use/provide to persons who are interested and now use my Methodology.
Of course some trades can be less than the 100 Pip Minimum, but the Stop Loss levels are strictly enforced.
Working well so far, can´t complain
Přílohy :
Trade Less, Earn More
Členem od Jul 06, 2015
8 příspěvků
Jul 07, 2015 at 05:43
never try to trade at night sessions again
forex_trader_229154
Členem od Jan 29, 2015
90 příspěvků
Jul 08, 2015 at 15:03
Try to invest. You can choose the most suitable invest products, starting from looking through my pamm)) or just write me and I will advice you some good managers
Členem od Oct 02, 2014
905 příspěvků
Jul 09, 2015 at 10:45
I see impatience as one of the main reasons to lose your money. The other is lack of knowledge.
Positivity
Členem od May 20, 2011
694 příspěvků
Jul 09, 2015 at 12:35
Its only a loss when you cant trade anymore.
forex_trader_29148
Členem od Feb 11, 2011
1768 příspěvků
Jul 09, 2015 at 17:21
arigoldman posted:
I see impatience as one of the main reasons to lose your money. The other is lack of knowledge.
and the other is greed
Členem od Oct 02, 2014
905 příspěvků
Jul 20, 2015 at 14:26
rob559 posted:arigoldman posted:
I see impatience as one of the main reasons to lose your money. The other is lack of knowledge.
and the other is greed
Indeed.
Positivity
Členem od Sep 11, 2015
7 příspěvků
Sep 21, 2015 at 06:10
I think because it's the way it is. It's not very easy to become a skillful trader, and it always involves losses during considerable period if time. From the other hand, being trader, in my opinion, is not so painful as might seem. I try to trade systematically and this seems to work.
Now or never, all or nothing
Členem od Aug 28, 2015
47 příspěvků
Sep 21, 2015 at 06:25
FXtrader2010 posted:
Its only a loss when you cant trade anymore.
True. Learn from your mistakes and get back to market...
Let's get down Forex Black Market, expose fake Expert Advisors!
Členem od Nov 18, 2013
7 příspěvků
Oct 06, 2015 at 10:59
ABSNET posted:
why???
"Forex" is Easy when you know the "Secret" ...... 😉
" Forex " Is Easy When You Know The " Secret " ......
Členem od Feb 22, 2011
4573 příspěvků
Oct 06, 2015 at 11:41
triggerpoint2014 posted:ABSNET posted:
why???
"Forex" is Easy when you know the "Secret" ...... 😉
There is no SECRET. Just years of study and developing.
Členem od Nov 01, 2011
37 příspěvků
Oct 06, 2015 at 12:12
ABSNET posted:
why???
I started a new topic for new traders just like you. You can find it here:
http://www.myfxbook.com/community/new-traders/new-traders-beware-easy-road/1039956,1
Your statement doesn't give me much to go by, but come visit this post and I will try to help!
Steve
Členem od Nov 18, 2013
7 příspěvků
Oct 06, 2015 at 15:00
togr posted:triggerpoint2014 posted:ABSNET posted:
why???
"Forex" is Easy when you know the "Secret" ...... 😉
There is no SECRET. Just years of study and developing.
Dear sir, here if you try to find secret then definitely you practice / learn with practical work 😄
" Forex " Is Easy When You Know The " Secret " ......
