Disliked{quote} Hi Husky, What makes you think I am 'against Retail traders' ? - Did you read post numbers 1 and 2 in this thread? "...things are far more simple then you tend to complicate them." - Really? If trading is so simple, why are there hundreds of threads in here pretending to show people a simple way to trade? If any one of them worked as described (i.e. anybody can learn it and be profitable), then there would be no demand for all the others. "...you never need to pay anyone to teach you trading,you never need a signal,or a robot as a retailer....Ignored
when i was talking about method then yes ,you are new to forex ok, go read about basic stuff you MUST know before trade real money,get used with those financial stuff and terms around,get used with daily calendar and try to learn what means that and that.
Must know what a NFP day is i guess before to jump in real trading. to develop some early skills and try build up one basic strategy then one demo is enough for start I AGREE . I already mention about PRACTICE.
Later when you accomplished those little tasks yes jump in with real money, is important to use money you dont care about the ones you really really afford to lose COS YOU WILL LOSE, and this loss MUST NOT AFFECT YOUR WAY OF LIFE your equilibrium. and also trading little money is to test if youre psychological ready to deal with DD ,to deal with a losing trade to deal with a profit trade.
If results are still not decent then you still need a lot of work. and just adding new money into account after wiped previous will NOT HELP. will only lead you to lose again cos you might go into trading thinking at recover,this is a huge challenge most of traders have. they lose and start next with recover plan which is something very near to revenge trading and of course will fail.
I said already you dont need to pay for anything to start in this ,stuff like indicators or who knows what crap studies or lessons from any guru idiot who of course cant make money on his own but will make by selling to you his crap lessons. must learn some basics about all this financial stuff how they move ,how ,what and why may move some individual currency ,why they move against each other ,why they are correlated or not. in the end is not big thing but when youre really really new can look like hell of information to acquire. this is why time is needed.
In the end what i dont get it is the real purpose of this thread, but i think we will know it soon. as just simple information to help newbies to STOP dreaming green horses on the walls yes then i agree. but you as me and many others you know already this will not help.
is like when you tell to one casino player ''dont go there cos you lose'' , he knows that already and thats not enough to keep him out ,he is going there just because there is a skinny possibility to win thats the only reason and this create a behaviour in his brain making it hard for him to refrain. as long the goods and all good stuff in life have a price on this planet , humans will always look to gain even with all the risk involved.
Take what you can, give nothing back
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