May 01 2019 at 08:22
newcomers first of all have to ensure all basic level , i like most pips school which is mainly considered as a best learning place for newcomers. besides this school demo is more appropriate for live trading experience.
i wish to achieve- my kid's college funds and no debt.
harnick posted:
i wish to achieve- my kid's college funds and no debt.
Sweet but forex might eat you up. You need to be very careful with the limited funds you have. try diversify in the ranges of risk.
I want to make enough money to exit forex trading and go into the stock market (USA) to trade shares over the longer term where there is no chance of a margin call.
May 04 2019 at 18:33
I want to pay my mortgage off early - how boring zzzzzzzz
May 07 2019 at 10:54
ScottyCarsonMVP posted:
I want to pay my mortgage off early - how boring zzzzzzzz
Sounds good to me!
Medlem sedan Oct 08, 2018
144 poster
No one wants to become a millionaire or billionaire through forex trading?
This is a lesson I wish I had learned earlier. Excessive leverage can ruin an otherwise profitable strategy.
Let's say I had a coin that when heads was hit, you would earn $2, but when tails was hit, you would lose $1. Would you flip that coin? My guess is absolutely you would flip that coin. You'd want to flip it over and over. When you have a 50/50 chance between making $2 or losing $1, it's a no-brainer opportunity that you'd accept.
Now let's say I have the same coin, but this time if heads is hit, you would triple your net worth; but when tails was hit, you would lose every possession you own. Would you flip that coin? My guess is you would not because one bad flip of the coin would ruin your life. Even though you have the exact same percentage advantage in this example as the example above, no one in their right mind would flip this coin.
The second example is how many Forex traders view their trading account. They go 'all-in' on one or two trades and end up losing their entire account. Even if their trades had an edge like our coin flipping example, it only takes one or two unlucky trades to wipe them out completely. This is how leverage can cause a winning strategy to lose money.
Let's say I had a coin that when heads was hit, you would earn $2, but when tails was hit, you would lose $1. Would you flip that coin? My guess is absolutely you would flip that coin. You'd want to flip it over and over. When you have a 50/50 chance between making $2 or losing $1, it's a no-brainer opportunity that you'd accept.
Now let's say I have the same coin, but this time if heads is hit, you would triple your net worth; but when tails was hit, you would lose every possession you own. Would you flip that coin? My guess is you would not because one bad flip of the coin would ruin your life. Even though you have the exact same percentage advantage in this example as the example above, no one in their right mind would flip this coin.
The second example is how many Forex traders view their trading account. They go 'all-in' on one or two trades and end up losing their entire account. Even if their trades had an edge like our coin flipping example, it only takes one or two unlucky trades to wipe them out completely. This is how leverage can cause a winning strategy to lose money.
Searman posted:harnick posted:
i wish to achieve- my kid's college funds and no debt.
Sweet but forex might eat you up. You need to be very careful with the limited funds you have. try diversify in the ranges of risk.
i know, i have invested in various sectors and diversify it as much as possible.
Jun 10 2019 at 09:52
I want to make so much money so that I can visit the best places of this world, with complete luxuries 😄
