Loss

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!

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.

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.

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.

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.

Demo is best place to learn and test new things. It is much cheaper than doing this on a real account!!!

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.

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.

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.

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.

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

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

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.

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.

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.

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.

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.

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.

And that is what you like about Forex? That are all the things that I hate about Forex!!! Each to their own I suppose