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Old Account(Stopped)
em
Sistemas de Negociação
Jan 16, 2016 at 17:33
Dear support, threads with topics like these should be erased. And OP should be banned. I feel that I don't need to state a reason for my asking that, as it should be common sense.Thank you!
Some help would be appreciated
em
Novos Negociantes
Feb 25, 2015 at 10:55
I wouldn't go as far as to say you have lost one year with demo trading, however based on my experience with risk control and money management (roughly 10 years) I can say without a doubt that it is better to start with a live account (instead of a demo), though a small one (cent or micro account) would be preferable for capital conservation reasons.Even a $10 bankroll on a live account is preferable to a $100K demo account. Why? For the simple reason that the mind has a trigger that ... gets triggered when there is a REAL risk perceived. You won't train your emotional control appropri...
Leverage
em
Geral
Feb 25, 2015 at 07:32
Short answer: To open an account use the largest leverage the broker offers. To find out what leverage an autotrade providers uses, or any other system posted on myfxbook, look at the General tab in the info section of the Stats (left side of the window).Longer answer: Learn what leverage is, what it really means (hint: it's just a credit line your broker offers - the bigger the leverage, the more credit you are able to use), and what are its benefits and dangers. You can start here: http://www.investopedia.com/terms/l/leverage.asp
The stress of it all.....
em
Geral
Feb 17, 2015 at 13:15
My point is that most successful traders - not to mention the other 95% - become too uncomfortable and their trading performance suffers, once they reach and go below 20-25% in DD. I am part of that category, and I believe you to be a part as well, especially based on what you said in this thread.So If you agree to what I wrote above, you must also realize that it only takes 5-6 consecutive losing trades with 2-5% risk per trade in order to reach that DD threshold. Even the elite hit a 10 consecutive losing streak once in a while.There is a lot more that can be said, but the important part is ...
Just got here
em
Novos Negociantes
Feb 17, 2015 at 08:46
Welcome and good luck! :)
The stress of it all.....
em
Geral
Feb 17, 2015 at 08:44
Hey fxdimarion,I agree here. You are over-leveraging. An "extremely profitable" day in my book would be something like a 5% account growth, while a very bad one would be close to 3% loss. I think this is the healthy way (psychological and financial) to do it for the long run. You should be able to sleep well and just see this as your daily job, if you aspire to be a professional.Talking with others in the trading field is useful, just as you said. It's well known that trading is a lonely / isolating occupation so talking with others as well as having other hobbies helps.I really ...
The stress of it all.....
em
Geral
Feb 17, 2015 at 08:40
EDIT: Double post due to being stuck in moderation. See next post.
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