'I have high leveraged account, but i do not use it because. I control my risk by money management.'
Perfect example of 'I have high leverage but never risk more than 5%'..... So why do you have high leverage then?
leaving discussion - sort of useless,
nonsenses again and again
Exactly my point and the reason I started a thread asking the most basic of questions. These guys largely have not got a clue and should get at least a basic understanding. It should be setting off alarm bells in the heads of the new traders that so many 'Helpful' people on this forum are speaking from such a shallow understanding and in many cases are simply wrong. What is even more alarming is that because there are so many of them that are so wrong but believe the same bullshyt they support each other and gain an air of wisdom through common consensus. I don't mean to be disrespectful to other members but if you've read it here and have not lived it first hand then don't repeat it because it's probably wrong so best to just shut up.
I do not recommend reading the tripe that is bandied around these forums propagated by the words of wisdom of one inexperienced trader to another. I don't even recommend taking my or any other experienced traders word for it.
If you want to trade manually you should watch the market and understand how t works. I do recommend you do your own thinking, develop your own theory test it exhaustively develop a system and trade that system. Collect the tools you need (Less IS more but you have to understand and trust the ones you use). Get a trade simulator and put in a couple of years worth of trading in a weekend. Trade on demo, then trade live.
Yes you will loose some money. Think of it as the way you pay for your education in Forex and go and do it. It's money well spent.
When you can do that you are at a level where reading and understanding somebody else's system can be useful to you and may add something to your trading. Until then you are an unthinking drone attempting to replicate something you don't even fully understand and doomed to failure.
When you've done this you can then think about trading an EA. If you can't trade manually you are not going to have success trading EAs. Like manual trading once you have taken the time to conceptualise a system learn the code (it's not hard) written and back-tested, debugged, modified, tested and traded your own EA you have the level of understanding required to be successful trading other peoples EAs. Then you will be able to differentiate between the good bad and the downright ugly. You'll be able to calculate the starting capital you should use, the correct leverage for the EAs trading style, when and if intervention should happen.
Engineers and Doctors are in professions where they are not allowed to make mistakes. They are however allowed to not know. If they do not know they say so and then they go away and find out. What is not correct is to say you know when you don't OR to repeat what you have been told or read without first qualifying and testing the results. If you don't know there is no shame in saying so. There is even less shame in saying nothing.
Please be careful guys this is other peoples money you are playing with when you try to sound knowledgeable, it's not just bragging points on a forum.
You can't spend open trades.