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I am a newbie. I need an advice.
Membre depuis Feb 18, 2023
posts 3
Feb 19, 2023 at 07:58
Membre depuis Feb 18, 2023
posts 3
Hello everybody!
How many chances do I have to earn money on Forex market?
I am a newbie. I have only negative experience, lose $800 in 2007 by trading manually. I have made only two trades to lose.
Nowadays I have interest in automated trading robots. Is it worth to try Forex again? Could you share your story of success? Or everybody lose money in trading?
I have already asked in Russian-speaking forum, but got no answer, only some replies with paid trading courses.
Sincerely yours,
Sergey
How many chances do I have to earn money on Forex market?
I am a newbie. I have only negative experience, lose $800 in 2007 by trading manually. I have made only two trades to lose.
Nowadays I have interest in automated trading robots. Is it worth to try Forex again? Could you share your story of success? Or everybody lose money in trading?
I have already asked in Russian-speaking forum, but got no answer, only some replies with paid trading courses.
Sincerely yours,
Sergey
Membre depuis Mar 02, 2023
posts 11
Mar 02, 2023 at 10:22
Membre depuis Oct 12, 2016
posts 855
It is important to note that around 95% of traders in the world loose money consistently and only 5% of the traders gain money. I have around 15 to 20 years experience in trading by now and so I am summarizing 3 golden rules of forex success.
3 Rules of Forex:
***************
1.Keep realistic expectations in terms of profit gain from your trading system. If you have set a unrealistic target in terms of monthly % return and drawdown %, then you may continue to loose for ever even while using the best EA or trading system of the world.
2.Try to use a semi-automated kind of system or EA from which you can learn while it is trading for you. Full automated EAs may or may not work always since markets keep changing everyday and automated EAs will keep the emotions out of trading.
3. Never spend or invest money in forex which you can't afford to loose. Money spent in forex is equal to money lost. Approaching with this mind set will free you from manipulating profitable trading systems.
There can be many other things you need to focus to actually start making profit, but if you forget any of the above 3 rules, then you will ultimately loose year after year.
3 Rules of Forex:
***************
1.Keep realistic expectations in terms of profit gain from your trading system. If you have set a unrealistic target in terms of monthly % return and drawdown %, then you may continue to loose for ever even while using the best EA or trading system of the world.
2.Try to use a semi-automated kind of system or EA from which you can learn while it is trading for you. Full automated EAs may or may not work always since markets keep changing everyday and automated EAs will keep the emotions out of trading.
3. Never spend or invest money in forex which you can't afford to loose. Money spent in forex is equal to money lost. Approaching with this mind set will free you from manipulating profitable trading systems.
There can be many other things you need to focus to actually start making profit, but if you forget any of the above 3 rules, then you will ultimately loose year after year.
Artificial General Intelligence
Membre depuis Aug 19, 2022
posts 44
Mar 03, 2023 at 13:40
Membre depuis Aug 19, 2022
posts 44
One of the ways to learn all the subtleties of Forex is to analyze the work of professionals, asking them questions.
In my field of activity I communicate with PAMM-managers, who communicate directly with their investors and answer their questions.
In my field of activity I communicate with PAMM-managers, who communicate directly with their investors and answer their questions.
Make money with people who know how to make money.
Membre depuis Feb 18, 2023
posts 3
Mar 05, 2023 at 08:11
(édité Mar 05, 2023 at 08:13)
Membre depuis Feb 18, 2023
posts 3
Hello, everyone!
I have traded real account and losses are real money. During a demo trading period I had many success trades and positive account statement. But real trade was a nightmare, loose money in three days. Demo trade experience lasted four years and I have win a traders contest.
Nowadays I do not trade.
Sincerely yours,
Sergey
I have traded real account and losses are real money. During a demo trading period I had many success trades and positive account statement. But real trade was a nightmare, loose money in three days. Demo trade experience lasted four years and I have win a traders contest.
Nowadays I do not trade.
Sincerely yours,
Sergey
Membre depuis Aug 17, 2022
posts 80
Membre depuis Jun 26, 2020
posts 327
Membre depuis Feb 18, 2023
posts 3
Membre depuis Oct 01, 2022
posts 53
Membre depuis May 06, 2023
posts 9
May 06, 2023 at 11:10
Membre depuis May 06, 2023
posts 9
I guess every trader start his career with losing, or at least its what i heard a lot :D. first try to learn your way about different trading style, then come up with a good risk management plan that can revive you when you are losing a lot and then start demo trading, when you strted getting positive balance monthly, then start trading real money.
May 07, 2023 at 04:43
Membre depuis Apr 26, 2023
posts 33
Electra0Green posted:Disagree! if we educate first and be careful enough it won't bo loss which we start with. we hust need to be patient
I guess every trader start his career with losing, or at least its what i heard a lot :D. first try to learn your way about different trading style, then come up with a good risk management plan that can revive you when you are losing a lot and then start demo trading, when you strted getting positive balance monthly, then start trading real money.
Membre depuis Apr 24, 2023
posts 36
Membre depuis Apr 24, 2023
posts 36
Membre depuis Apr 24, 2023
posts 36
May 23, 2023 at 21:45
Membre depuis Apr 26, 2023
posts 33
therealprovider posted:I agree @therealprovider and no @copybank every website is not for advertising this was for a decade before nowadays we have websites to provide people with useful and helpful informations.
AND ALWAYS CHOOSE SOMEONE WITH REAL AND VERIFIED PERFORMANCE MY TIP IS
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