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Steps to become a professional forex trader
Yeni Traderlar
içinde
Aug 16, 2016 at 05:25
you become good at something when you invest about 10,000 hours into it.
DEMO ACCOUNT vs LIVE ACCOUNT
Yeni Traderlar
içinde
Aug 14, 2016 at 06:48
Trader psychology is a big problem if you are trading manually that is all I said.
Beginners - Kill your emotions
Yeni Traderlar
içinde
Aug 08, 2016 at 05:29
You start getting into trades just because you think you can make money, you should get into a trade when the opportunity is there else stay out.
Beginners - Kill your emotions
Yeni Traderlar
içinde
Aug 05, 2016 at 03:58
If you are just starting here are a few pointers:1. Stick to the trend. Look for opportunities in the direction of the trend.2. Stop over trading!!!3. Don't get excited about systems here or in any other website showing 1000% returns in a month. They have huge drawdowns and even worse, they live in places that offer leverages that will drive your account balance to zero in no time.
Steps to become a professional forex trader
Yeni Traderlar
içinde
Aug 03, 2016 at 06:03
If you trade manually demo and live accounts have a day and night difference because traders aren't prepared to handle themselves. Algorithmic trading means everything is programmed, you have a strategy running and it makes your trades, therefore it doesn't care whether your running a demo or a live account. I learned myself and have thousands of hours of just looking at a chart and seeing price move. I might have ADHD or something.
DEMO ACCOUNT vs LIVE ACCOUNT
Yeni Traderlar
içinde
Aug 02, 2016 at 06:50
Demos are only accurate for algorithm traders. Live accounts for manual traders are day and night simply because of trader psychology.
Beginners - Kill your emotions
Yeni Traderlar
içinde
Aug 02, 2016 at 06:49
The only way your are going to learn how to keep emotions in check is by trading a live account. Demos don't prepare you for that.
Intraday Trading is gambling
Yeni Traderlar
içinde
Aug 02, 2016 at 06:49
It is not gambling, being in a trade for hours is perfectly fine if you are very good at reading what price is doing. Being in a trade for seconds or a few minutes makes sense only if you have an algorithm and have huge funds so that you able to tell keep spreads very very low.
Steps to become a professional forex trader
Yeni Traderlar
içinde
Aug 02, 2016 at 06:49
Demos don't teach you discipline. I was 14 when I started trading forex, today I am 28. My biggest lessons came from making mistakes but lessons did not start until I traded live. You have to build the right mentality. Demo and live are like day and night. That is if you are a discretionary trader. Demos might work if you are a algorithmic trader. Open a small account and learn from your mistakes.
EUR/USD
Deneyimli Traderlar
içinde
Aug 01, 2016 at 06:01
I see that Euro getting much stronger is the FED's monetary policy doesn't change, JP Morgan seems to agree. Friday's article is a good read.
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