Learning and earning

Humberttim posted:
No start on live is stupid. everyone loose when start on demo. better use demo first but some broker do not offer demo

Yes, I see few brokers don’t offering! But till now a number of brokers are allowing demo trading even for lifetime!

So many new Forex traders try to make money from here without learning. As a result they become loser due to lack of exact trading knowledge. It’s a common thinking. I think by and large lose because they trade with emotions and don’t know how to manage money in Forex.

It is easy to learn to trade forex.
It is though very hard to learn trading forex and stay profitable :)

Losing money is great teacher therefore knowledge & experience must come first before jump to forex ( it all about hardworking/smart). Nowdays people come with new way to make money with forex example copy trade etc...i believe lots trader of out there are losers (time/money) in longterm trading ..just a my view no harm...

there is no real chance to bring biggest profit ratio until ensuring a most powerful analyzing money management. its the main rule. 

Imamul posted:
there is no real chance to bring biggest profit ratio until ensuring a most powerful analyzing money management. its the main rule. 

Money management is important . I would go as far as to say very important...but it is just part of the picture. MM is needed for a good strategy but MM will not save a bad strategy

Really agree on your last line; having a good trading system is the key! Since, it’s a decentralized market so; long term working strategies are not available here & there!

its very practical and common attitude for beginners level , due to having emotions they cant survive when kick off a live trading , in practical there is no way to stop emotions at all , but only by regular practicing with discipline it can be controlled of course.

Mohammadi posted:
its very practical and common attitude for beginners level , due to having emotions they cant survive when kick off a live trading , in practical there is no way to stop emotions at all , but only by regular practicing with discipline it can be controlled of course.

True; it takes time to learn this attitude. Till now Forex trading is one of the most challenging profession; so expecting easy money is meaningless here!

AniLorak posted:

Mohammadi posted:
its very practical and common attitude for beginners level , due to having emotions they cant survive when kick off a live trading , in practical there is no way to stop emotions at all , but only by regular practicing with discipline it can be controlled of course.

True; it takes time to learn this attitude. Till now Forex trading is one of the most challenging profession; so expecting easy money is meaningless here!

Well said; I don’t know who traders can expect here an easy success since; more than 90% traders are unable to make money here!!!

Roberto21 posted:
only learning cant help you at all without having a regular practice.
so keep focus on practicing besides learning.

Practice is the must; only reading trading eBook or watching video isn’t enough here! Practice is the key!

Before large investments we generally open a demo account in a broker to see the performance how it works. But I have seen, after large investments brokers attitude changes sometimes that is not available in micro accounts.

Roberto21 posted:
only learning cant help you at all without having a regular practice.
so keep focus on practicing besides learning.

agree! learning is nothing until and unless you are not applying that in real

It is a definite for any trader to learn. Learning helps to make everything much more understanding. Newbie traders learn to get familiar with the trading process while experienced traders learn how to get even better than before.

fancydandy posted:
It is a definite for any trader to learn. Learning helps to make everything much more understanding. Newbie traders learn to get familiar with the trading process while experienced traders learn how to get even better than before.

Agree 100%

when learning don't depend on bookish knowledge , always try to learn and use it in a demo or micro account .

as a learning demo is not a place to become knowledgeable trader rapidly , its a place to see the strategies and leverage performance.

only we can learn when making a loss , and in demo this experience not possible , so i always prefer live trading for acquiring real trading knowledge.

Imamul posted:
only we can learn when making a loss , and in demo this experience not possible , so i always prefer live trading for acquiring real trading knowledge.

Agree; but till now demo is very much meaningful way of learning! All depends on your own preparations!