Are you a trend trader or a counter-trend trader? 29 replies
Results from Trader Survey 2 replies
Pre-Survey Survey: What's your trading setup? 1 reply
IkonFX Viking Trader or Pfgbest Viking Trader? 2 replies
Trader failed to execute order: Are some platforms controlled? 9 replies
Disliked90% fail simply because too little capital and too greedy...
becoming rich quickly ? , play lottery not forex.Ignored
DislikedI think you're asking the wrong questions. There are a million and one ways to do something wrong. If you tried to write a compreshensive list of ways to fail you would always find new innovative ways to fail being pioneered by brash young traders.
If I were advising traders who want to become profitable I would tell them instead to focus on different areas. First, they need a method. The best method for traders who are attempting to learn how to trade and to become profitable is a mechanical method. Methods that require discretion are best for...Ignored
DislikedSeriously now, why would you blow up an account ? I started trading my own account when i was 16 years old. My father was a trader and so am i, i dont see a reason for blowing up an account - except if you are really really brainless. Sorry for this hard words, but this is the truth. If you treat trading like a real business and not like gambling, you will never blow up your account - at least as long as you follow your money management rules and dont trade brainless.Ignored
DislikedSeriously now, why would you blow up an account ? I started trading my own account when i was 16 years old. My father was a trader and so am i, i dont see a reason for blowing up an account - except if you are really really brainless. Sorry for this hard words, but this is the truth. If you treat trading like a real business and not like gambling, you will never blow up your account - at least as long as you follow your money management rules and dont trade brainless.Ignored
DislikedDisclmainer: First off I want to make clear that I'm not (yet) a consistently profitable full time trader, I have a full time job and trading at the moment is a hobby I aspire to turn into a profession. I don't have 10 years experience in the markets and to be perfectly honest I'm relatively new to all of this (<12 months experience). I actually reverted from trading live back to demo in an effort to give my self a real chance of having a solid framework and execution policy before risking my hard earned capital.
Your mission is to be in...Ignored
DislikedI think only reason that comes to mind is control your temptation. Use SL & TP wisely, live another day for trading. No emotions involved in trading, do not marry to a position.Ignored
DislikedSure that's not so simple. There is a bunch of knowledge for learning. There must be experience too. If the whole point was just about psychology and setting SL, TP, that would be just too easy.Ignored