Feb 19 at 07:58
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
Feb 20 at 03:36
You should start by asking yourself how much are you willing to lose and what do you want from trading?
Yes EA is a good way of trading when this is only a part time investment for you. But even with EA, it's better if you know about some knowledge.
Yes EA is a good way of trading when this is only a part time investment for you. But even with EA, it's better if you know about some knowledge.
Mar 02 at 10:03
Hi everyone, I am also a newbie here. Any kind of trading advice is welcome from my side.
Mar 02 at 10:22
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
Mar 02 at 10:41
Trade something else.
Mar 03 at 13:40
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.
Mar 05 at 08:11
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
Mar 11 at 15:53
yes , that school is good and more informative compare to others any site.
Mar 28 at 05:37
Do lots of practice and learn on demo account before going to live, make sure to keep patience while learning forex.
Mar 28 at 08:40
practice is important in demo , no way to deny but as a beginner that is really difficult to continue.
Apr 06 at 07:12
I have been trading on demo four years. I have won trade’s contest, so I decided to go live account. Nowadays I do not trade.
Apr 11 at 11:53
yes , feel free to ask any question you need to know , hope you will be benefited from this community.
May 06 at 04:53
You need to educate first then start with a demo account and get experience then spent real money. Be careful about it.
May 06 at 11:10
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 at 04:43
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.
May 17 at 20:26
Hey fxbook. Is here fore commercial? because as i saw everybode advertise their job someone say direct message me someone say see my page and go on... It's not good at all
May 19 at 08:43
Get in touch with me...
money never sleeps
May 19 at 22:44
CopyBank posted:Who do you mean? you mean me?
what are you looking for?
May 20 at 11:19
i am a very new in this community , i hope you guys will support me by providing exact suggestion .
May 20 at 12:01
Ask here any question... and if it is in my knowledge the answer I will try to help with the best suggestion.
money never sleeps
