Yes friend, whatever you said is true.But being a swing trader, I am trading slowly and I have linked my real live account with myfxbook. Also, now I am in a profit of 20% account growth.I am not doing intraday trading.Can you show me your trading results in myfxbook with intraday trading approach.??????
Sure, i think its about forecast (The big pic), timing ( like ocean waves ), money management and emotions (the 'market', and the hardest: the own)...
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.
Magiic posted: And that's the debatable part, the numbers! Your stats are awesome, low DD and good gain.
The more the numbers increase, then it can be a matter of 1 or 2 trade sequences that will blow it, that's what newbies don't see. Understand the numbers people.
Thanks for your kind words.
That is true the main problem I tend to come across with traders on here is they are trying to generate excessive high returns but in doing so this generally creates more risk as you'd imagine and then the majority struggle to last longer than six months. Not always the case but for the most part I feel it is accurate.