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Arrogant advice

Professional4X
Jul 04 2019 at 19:45
posts 1189
Bansheedo posted:
I thought that 'Elliot Wave, Wolfe Wave, Gann Theory' are strategies? Please correct me if I am wrong


In general you can think of them as complex patterns that appear in the markets.

When those patterns manifest, then you would trade based upon your strategy.

With Elliott and Wolfe you are looking for somewhat similar setups for your points of entry.

How you trade those setups is the strategy.





If it looks too good to be true, it's probably a scam! Let the buyer beware.
Roberto21
Sep 21 2019 at 10:45
posts 364
as a newcomer i was successful with BB in demo but when kicked off a live account , this approach not worked as like before , it was my experience about BB.

Mohammadi
Jan 13 2020 at 16:36
posts 886
Confidence is needed but over confidence is will harmful, sometime because over confidence then leading trader being greedy in trades, and dare to take high risk in trading witch actually the market very dynamic and not always after trader open trades then will directly get profit

Mnegamand
May 06 2020 at 16:48
posts 20
I think the advice was too harsh. But it's still true... It is true that most traders lose money on trades, but it is their own conscious choice. For most traders, it's a learning process. After all, think for yourself, what would be the motivation to learn from your mistakes, if there was no fear of losing your own money?

Wildbill
May 06 2020 at 22:27
posts 38
Having some real money in the game is necessary to make us aware that this is not a video game--it's a business just like any other but you don't have to worry about all the expenses like rent, insurance, salaries, inventory, etc. like a retail business.

On the other hand, if you treat it like a casino, subject only to the whims of chance, you will never learn how to make it a successful business. Get into a solid learning program that will teach you why the market moves as it does. You can pay someone now, or pay a lot more later as you lose your stake on 'hunches'.

Trade safely and well

vontogr (togr)
May 07 2020 at 08:06
posts 4862
Mnegamand posted:
I think the advice was too harsh. But it's still true... It is true that most traders lose money on trades, but it is their own conscious choice. For most traders, it's a learning process. After all, think for yourself, what would be the motivation to learn from your mistakes, if there was no fear of losing your own money?


You can learn to trade on demo,
no need to waste real money,
which you can use for your family.

Cruz45
Jun 16 2020 at 11:50
posts 31
togr posted:
You can learn to trade on demo,
no need to waste real money,
which you can use for your family.

Good advice!

ReaderTrimble33
Jun 22 2020 at 12:12
posts 20
Forex cultivates greed. It is one of the arrogant pieces of advice that I came across. While working on forex, it is important to have your intentions and emotions in check to make sure that you focus on growing and learning with it and stay prepared for losses and risks.

vontogr (togr)
Jun 22 2020 at 12:34
posts 4862
ReaderTrimble33 posted:
Forex cultivates greed. It is one of the arrogant pieces of advice that I came across. While working on forex, it is important to have your intentions and emotions in check to make sure that you focus on growing and learning with it and stay prepared for losses and risks.

That is of course important
but 90+% people lose money trading forex because they dont have good trading plan
that's why the advice is valid though it is arrogant.

Duktilar
Jul 03 2020 at 03:39
posts 112
You can and should listen to the tips, but you should always leave the last choice for yourself.

IvanMelnik
Jul 16 2020 at 07:45
posts 34
Duktilar posted:
You can and should listen to the tips, but you should always leave the last choice for yourself.

Exactly. Listen to everybody but do as you feel like.

vontogr (togr)
Jul 16 2020 at 07:58
posts 4862
The point is
if you are not long term profitable and stready on demo
 then you should never trade for real
      else you waste your money.

first_time
Jul 17 2020 at 07:21
posts 73
Duktilar posted:
You can and should listen to the tips, but you should always leave the last choice for yourself.

Very true. Opinions are shared and listened, but the final choice is always on you

IvanMelnik
Aug 04 2020 at 12:18
posts 34
Duktilar posted:
You can and should listen to the tips, but you should always leave the last choice for yourself.

True.

vontogr (togr)
Aug 04 2020 at 12:46
posts 4862
IvanMelnik posted:
Duktilar posted:
You can and should listen to the tips, but you should always leave the last choice for yourself.

True.

Guys,

I see you have followed my advice and you do not trade at all.
That is wise to preserve your money
However I do encourage you to trade on demo. Perhaps you will find some profitable strategy one day and start trading for real.

RobSchiz
Jul 02 2021 at 15:50
posts 567
togr posted:
The point is
if you are not long term profitable and stready on demo
 then you should never trade for real
      else you waste your money.

Yes. You are right.

Ferdii
Jul 28 2021 at 06:53
posts 20
I advise you to be as careful as possible and record all the details of the trading process

SofieAndreasen
Aug 04 2021 at 10:28
posts 759
Don’t be greedy. At first aim for learning rather than earning.

Imamul
Aug 05 2021 at 08:26
posts 685
Actually , demo trading service is available here and there! So, you can start your demo from anywhere! But try to use transparent Forex brokers! Then you can start your live trading with the same broker! But I would suggest to use multiple demo accounts for standard judgement! Happy learning!

brownrice
Aug 05 2021 at 10:25
posts 9
Using multiple brokers will show you that the the price movement and spread on different brokers can vary massively

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