Feb 22 2021 at 03:51
Aim high! Lose a lot! Quit trading!
ramirokeller posted:Okay?! Why not it play safe - itrade less, monitor your trades closely, and quit as per your exit strategy? I always use EA on MT4. You can find that on fxpro and fxview. That leaves me with no room to doubt myself or my backtested trading plan. And at this point I can say that it's all going rather well.
Aim high! Lose a lot! Quit trading!
Feb 22 2021 at 13:29
That’s what I would suggest to our friend Kyle also here. Try out different plans, test them out and make for yourself a strong trading plan which should consist of a) entry and exit signs, indicators, reward to risk ratio, leverage, trade size, sl, tp.
Feb 23 2021 at 05:11
ramirokeller posted:I would never suggest this to any beginner. This is quite demotivating for the ones who are planning to learn.
Aim high! Lose a lot! Quit trading!
Feb 23 2021 at 05:40
totally depends on the willingness and affordability to lose. there is no particular suggestion or correct lot or trade size.
If someone faced losses, doesn’t mean that everyone would experience the same. Things work differently for different people depending on the fact that how well they are with their experiences.
Feb 23 2021 at 11:55
perryjohn765 posted:But there has to be some math to it right? That’s what I am in search of!
totally depends on the willingness and affordability to lose. there is no particular suggestion or correct lot or trade size.
Feb 23 2021 at 12:29
Jakemark posted:With experiences, strategies also matter. A newbie does not have experience but can work on strategies to make profits. And if you are facing difficulties in it, choose a broker who can make it easy for you. I take help of automated trading through fxview and XM when I doubt my strategies.
If someone faced losses, doesn’t mean that everyone would experience the same. Things work differently for different people depending on the fact that how well they are with their experiences.
The Delorean strategy has taught DELONATION to risk 2% per trade with a gain of at least 4%, a minimum risk to reward ratio of 1:2. With this risk management, someone with an accuracy of 37% could still be profitable.
Kylealker87 posted:Start out small.... Like .01 or .02. If you are making consistent pocket change, slowly increase your size. I know the small gains suck but you are practicing your strategy.perryjohn765 posted:But there has to be some math to it right? That’s what I am in search of!
totally depends on the willingness and affordability to lose. there is no particular suggestion or correct lot or trade size.
@Shaun I also wish to have that experience very soon. I have just started with demo trading and it’s a long way to go yet.
Feb 24 2021 at 13:12
LoMazen posted:Hey! That’s something new! I only knew of it as a sports car :) will surely look it up and research more details, thanks a ton!
The Delorean strategy has taught DELONATION to risk 2% per trade with a gain of at least 4%, a minimum risk to reward ratio of 1:2. With this risk management, someone with an accuracy of 37% could still be profitable.
starmyth posted:Don’t waste your time in demo trading. You are earning nothing.
@Shaun I also wish to have that experience very soon. I have just started with demo trading and it’s a long way to go yet.
Feb 27 2021 at 11:01
You are doing it right @starmyth. Invest a good amount of your time in demo trading so that you don’t get confused in the live market and end up facing losses.
Mar 01 2021 at 04:17
amybuke posted:You, surely, are earning something through demo trading. You are earning knowledge to trade in real markets so that you can know about broker’s trading conditions and understand how one can analyse the market. I have been in the trading world for a long time but still I demo trade sometimes. You can try different brokers for the same like Fxview, Etoro, etc. Their demo and live prices are similar.starmyth posted:Don’t waste your time in demo trading. You are earning nothing.
@Shaun I also wish to have that experience very soon. I have just started with demo trading and it’s a long way to go yet.
Mar 01 2021 at 10:12
Exactly Gary, I don’t understand why people are so much against demo trading. Like what’s better than losing nothing and still trading.
Mar 01 2021 at 12:21
Garyneville221 posted:I am also demo trading through a broker but it is giving me 0 spreads all the time, I think that’s unrealistic. After reading your comment I think I should also try Fxview or etoro once.amybuke posted:You, surely, are earning something through demo trading. You are earning knowledge to trade in real markets so that you can know about broker’s trading conditions and understand how one can analyse the market. I have been in the trading world for a long time but still I demo trade sometimes. You can try different brokers for the same like Fxview, Etoro, etc. Their demo and live prices are similar.starmyth posted:Don’t waste your time in demo trading. You are earning nothing.
@Shaun I also wish to have that experience very soon. I have just started with demo trading and it’s a long way to go yet.
Mar 02 2021 at 05:40
Georgegiffen43 posted:hahahaha, true that..... Why wouldn't someone want to practice without loosing a penny?
Exactly Gary, I don’t understand why people are so much against demo trading. Like what’s better than losing nothing and still trading.
The more your practice, the more you learn.
Mar 04 2021 at 09:29
asidefellow posted:Yes, it’s all about a little bit of hit and trial and a lot and some luck. I remember in 2018 when I switched from alpari, I stumbled upon bollinger bands and keltner for the first time and that basically changed the game for me. Could easily locate strong breakouts. The volatility signaled by these indicators worked close to precise for me.
That’s what I would suggest to our friend Kyle also here. Try out different plans, test them out and make for yourself a strong trading plan which should consist of a) entry and exit signs, indicators, reward to risk ratio, leverage, trade size, sl, tp.
Mar 04 2021 at 09:31
If I may continue on my tangent, I have been looking to explore more indicators and ichimoku kinko hyo in particular has got my attention. Does anyone here use it?
