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Jaco Ferreira (JacoAF)
Jun 27 2018 at 06:42
posts 130
BaldoN posted:
Stop loss is important - the re is no doubt, but what is also very important here to place the stop on correct place. :)


Now this is a lesson ALL new traders should pay attention to! Well said!

Keep it simple, be disciplined, get rich slowly and above all protect your equity!
Adribaasmet
Jul 01 2018 at 06:37
posts 989
JacoAF posted:
BaldoN posted:
Stop loss is important - the re is no doubt, but what is also very important here to place the stop on correct place. :)


Now this is a lesson ALL new traders should pay attention to! Well said!



Trading without SL means, you are taking 100% risk in every trade, really unprofessional. I always set my SL based on support and resistant levels on my trading chart.

My7book
Aug 08 2018 at 07:30
posts 13
Adribaasmet posted:
Trading without SL means, you are taking 100% risk in every trade, really unprofessional. I always set my SL based on support and resistant levels on my trading chart.


I agree 100%. However, if someone faced a great loss without SL, they will learn the mistake to avoid the same mistake again.

DFisher
Aug 08 2018 at 13:37
posts 12
BaldoN posted:
Stop loss is important - the re is no doubt, but what is also very important here to place the stop on correct place. :)

Well said, where to place the stop loss is the most important thing to learn.

Imamul
Oct 07 2018 at 12:13
posts 650
Managing the loss and risk is a great skill in successful trading, we can’t avoid the demo trading which sometimes teach us how to manage risk. When you trade with high leverage in demo then you ll understand how much risk you have to take in live for avoiding loss. So please remove this immature thinking that demo doesn’t work.

Dambovita
Oct 09 2018 at 10:16
posts 9
Demo is best place to learn and test new things. It is much cheaper than doing this on a real account!!!

vontogr (togr)
Oct 09 2018 at 10:19
posts 4862
Dambovita posted:
Demo is best place to learn and test new things. It is much cheaper than doing this on a real account!!!


That is true.
On the other hand you can't prepare for real trading by trading demo only as the emotions trading real are quite different.

Imamul
Oct 11 2018 at 06:43
posts 650
Honestly speaking, I have never found at any guys who takes forex as a simply hobby and also profitable from here. Because if anyone takes this market place as a part of hobbies , he or she will not be gainer . because men are not willing to grant more hardworking and dedication in their hobbies which is more appropriate to get maximal result in Fx.

WiktorM
Oct 12 2018 at 05:59
posts 5
Imamul posted:
Honestly speaking, I have never found at any guys who takes forex as a simply hobby and also profitable from here. Because if anyone takes this market place as a part of hobbies , he or she will not be gainer . because men are not willing to grant more hardworking and dedication in their hobbies which is more appropriate to get maximal result in Fx.


That's the fact! if someone is doing trading as a hobby then he would never like to come of his comfort zone.

vontogr (togr)
Oct 12 2018 at 09:51
posts 4862
WiktorM posted:
Imamul posted:
Honestly speaking, I have never found at any guys who takes forex as a simply hobby and also profitable from here. Because if anyone takes this market place as a part of hobbies , he or she will not be gainer . because men are not willing to grant more hardworking and dedication in their hobbies which is more appropriate to get maximal result in Fx.


That's the fact! if someone is doing trading as a hobby then he would never like to come of his comfort zone.

Well I have started forex as hobby,
trading nice portfolio of demos.
Once friend of mine told why don't I trade it live having such good results, told me if I am scared...
That is how I started.

EddyEdgardo
Oct 12 2018 at 10:05
posts 11
But the reality is that very few people can dedicate there whole lives to trading. Most people have a day job that they must do before they can do trading full time. Therefore is must start as hobby at first. But be dedicated to the hobby is best for success

vontogr (togr)
Oct 12 2018 at 10:23
posts 4862
EddyEdgardo posted:
But the reality is that very few people can dedicate there whole lives to trading. Most people have a day job that they must do before they can do trading full time. Therefore is must start as hobby at first. But be dedicated to the hobby is best for success


Well yes just 5% of traders are successful
You can't simply put all your effort into something which not makes for living

Mohammadi
Oct 15 2018 at 11:51
posts 886
Basically we the traders in particularly the newcomers try to make money very rapidly by using high leverage and practically fall a great loss due to non-sense planning and zero risk management policy, nothing to do with high leverage at all. So, before trading with high leverage we have to know how to manage risk.

yellowman94
Oct 16 2018 at 14:05
posts 41
Mohammadi posted:
Basically we the traders in particularly the newcomers try to make money very rapidly by using high leverage and practically fall a great loss due to non-sense planning and zero risk management policy, nothing to do with high leverage at all. So, before trading with high leverage we have to know how to manage risk.
i totally agree.

Adribaasmet
Oct 21 2018 at 07:05
posts 989
Mohammadi posted:
Basically we the traders in particularly the newcomers try to make money very rapidly by using high leverage and practically fall a great loss due to non-sense planning and zero risk management policy, nothing to do with high leverage at all. So, before trading with high leverage we have to know how to manage risk.



Basically, high trading leverage or big bonus is not any solution here! On one can make regular money here without proper trading knowledge & experience! So, depending on leverage is the worst thing.

AniLorak
Nov 25 2018 at 08:09
posts 920
Adribaasmet posted:
Mohammadi posted:
Basically we the traders in particularly the newcomers try to make money very rapidly by using high leverage and practically fall a great loss due to non-sense planning and zero risk management policy, nothing to do with high leverage at all. So, before trading with high leverage we have to know how to manage risk.



Basically, high trading leverage or big bonus is not any solution here! On one can make regular money here without proper trading knowledge & experience! So, depending on leverage is the worst thing.


I think so; without proper knowledge it’s really tough to make regular money! Knowledge is the key point here.

AmDiab
Nov 27 2018 at 08:16
posts 718
Of course, knowledge is important but it’s very much important to have a particular trading system & plan! Having a trading plan will make you well-disciplined.

Anthony Rizal (AnthonyWins)
Nov 28 2018 at 13:56
posts 212
What I like the forex- there are uncertain situation with finding the best way to earn and various of opinions and each of it confirmed with experience.
The success on forex is unstable, sometimes profit and sometimes loses. The only way to earn cannot be found, each trader has his own recipe of trading.

Paquito
Nov 29 2018 at 13:54
posts 8
And that is what you like about Forex? That are all the things that I hate about Forex!!! Each to their own I suppose

Imamul
Dec 16 2018 at 09:56
posts 650
Yes I am also. According to me, there is nobody who can avoid loss completely, because everything is uncertain in this volatile trading place and no one can predict the real faction of this market with certainly.

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