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Posts by edwardddking

slippage of 55 pips in Experienced Traders Mar 15, 2020 at 14:39
avoid slippage..
20 trades to become millionare - is it possible? in New Traders Jan 05, 2020 at 18:29
I'd doubt you have that. But even if you had it, those 4 consecutive losers will destroy your account without a proper risk management. Trade Smart, Be Smart. I wish you the best.
20 trades to become millionare - is it possible? in New Traders Jan 05, 2020 at 18:28
Gambler mindset.Get a job, save up some money and have proper risk management. What is your strike rate? With 70% strike rate, there's a 31.8% that you'll have 4 consecutive losers.
90% are loser ..why ? in New Traders Dec 15, 2019 at 06:44
Poor education. 99.9% that is free is . Poor mentors. You can't do well when you don't know what you're looking for. They're not persistent : most of them don't even trade for 3 months because they lose the entire stack ->>> They take BIG risk ! They don't have risk management, a beginner SHOULD NOT risk more than 0.5% per trade! They look at it as a get rich over night thing, this is what social media made out of it, they're impatient. You have to submit the time. A few years. Slow and steady wins the race, they go for the home-runs.
scalping is risky ? in General Aug 11, 2019 at 13:51
No, but people scalp just because they think they'll get rich overnight.Scalping is not EVERYDAY trading.
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HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment. Do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions. Any data and information is provided 'as is' solely for informational purposes, and is not intended for trading purposes or advice. Past performance is not indicative of future results.
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