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JacoAF

Medlem sedan Jun 14, 2013  130 poster Jaco Ferreira (JacoAF) Jun 27 2018 at 06:42
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!

Keep it simple, be disciplined, get rich slowly and above all protect your equity!
Adribaasmet

Medlem sedan Aug 27, 2017  861 poster Adribaasmet Jul 01 2018 at 06:37
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.

My7book

Medlem sedan Aug 06, 2018  13 poster My7book Aug 08 2018 at 07:30
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.

DFisher

Medlem sedan Jul 21, 2018  12 poster DFisher Aug 08 2018 at 13:37
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.

Imamul

Medlem sedan Aug 09, 2017  520 poster Imamul Oct 07 2018 at 12:13
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.

Dambovita

Medlem sedan Oct 09, 2018  9 poster Dambovita Oct 09 2018 at 10:16
Demo is best place to learn and test new things. It is much cheaper than doing this on a real account!!!

togr

Medlem sedan Feb 22, 2011  4836 poster vontogr (togr) Oct 09 2018 at 10:19
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.

Imamul

Medlem sedan Aug 09, 2017  520 poster Imamul Oct 11 2018 at 06:43
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.

WiktorM

Medlem sedan Oct 03, 2018  5 poster WiktorM Oct 12 2018 at 05:59
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.

togr

Medlem sedan Feb 22, 2011  4836 poster vontogr (togr) Oct 12 2018 at 09:51
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.

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EURUSD 1.19625 GBPUSD 1.33003
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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.