Not all sins are created equal
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DislikedSeriously, for real? Both accounts are gone to the point that you had to actually go through the steps of declaring bankruptcy? Or are you using the term "bankruptcy" loosely in the sense that you lost your trading account.
The difference is huge.
If it's just a matter of having lost an account, I'd say cut your losses and demo trade instead of putting money in an account. Don't just learn how to trade but study the psychology of trading. Particularly study YOUR psychology of trading. Find out your strength and weaknesses and focus...Ignored
DislikedHello Jay,
bankruptcy as i mean is loss my money
now I do not trust myself to start playing again
and i think to buy robot to give me profit
give me your feedback
ThanksIgnored
DislikedHi Jay,
I'm a big fan of martingale, repainting indicators and trading without stops.
I also like my charts loaded down with all kinds of indicators.
Do you have any opinions on these things?Ignored
DislikedHello Jay
i got one more question is there any place where i can check my strategy on old charts like platform allows me to load charts from old time and i cud place some trade and let it go and see if i did the right thing can that be doneIgnored
DislikedAnother thing i wud like to be correct on is that i see a graph of m15 m30 and 1H how do i trade is
see m15 Graph and see if the trend is changing from Up trend to Down or vise verse and place trade there i hope same trend would be followed to M30 and 1H and i mostly lose can you or anyone please guide me they right way to trade my target on any one trade is to make 30-40$ not more so can you please tell me from which time frame i start and in which direction should i trade.
The Major Trend OR the Trend Forming in Small time...Ignored
DislikedMT4 backtesting would be my guess.
If wishes were knishes, we'd all have riches.
The time frame you start with is up to you. There's nothing wrong with trading a 30 seconds time frame if you have the talent to do so profitably.
Go on a demo account and see if doing the opposite, looking at a larger time frame and follow the trend (up or down) on a smaller time frame would work.
DON'T DO IT WITH REAL MONEY UNTIL YOU TRIED IT IN DEMO! I FORBID YOU!
Ignored
DislikedYes sure
that was 30Minutes time frame
And i am learning ichimoku and is quite good but can u please guide me of main features of that that indicate a strong signal as in euro for now is under cloud and i think i should sell it as Tenken is below kijun and chiku is also below cloud so i need to ask what should be my Tp in this case and is this a strong signal to sell or not as Chiku and price action(candles) are in the same line
again m new to ichimoku please guide me where i am wrong and point me any place where i can learn more of it.Ignored
DislikedThe only robot you should buy is a roomba. It's one of those robot things that vacuums around the house so you don't have to.
Trading robots are completely useless. Think about it. If you created a robot that generated tons of money, would you sell it?
If you don't have a steady source of income (i.e.: a job), get one. Don't even touch a trading platform, demo or otherwise, until you have the food, clothes and shelter covered for yourself and your family.
Once you have that taken care of, study and demo trade...and if I hear you've...Ignored
Dislikedabsolutely right about robots, i had to cancel that
but now, my condition is I've quit from my job cause tempted profit from forex.
I already try forex at demo account for 1 month, and I can get stable profit, but when I go to Real Account, i lost my money
so Jay,back to main topic this thread built to help newbie like me
can I know your indicator u use to get stable profit like you do?
ThanksIgnored
DislikedI don't know if my profits have been "stable" lately. Sometimes you get kicked in the face and you have many consecutive trades that end in a loss.
Run a search on this site for the "Ichimoku Forever" thread. That'll talk about a method I use.
My concern is not about the loss you got or the gain you got or the indicator. It's that you left a job to begin trading full time when you're not ready. Possibly being disgustingly underfunded as well. It could be the right decision to leave your job in the future but it isn't at the moment....Ignored
Dislikedyou right Jay, i did a big mistake in my life
btw, Thanks for the answer.
I try to learn ichimoku style like you doIgnored
Dislikedwell i see Davidbeckham and shr5 u are interested to know abt ichimoku if u don`t mind add me on skype as i am learning to we could share our learnings with each other to have a better understanding and make a good system if you guys like to or any other person want to join in as that would be much faster way to communicate and learn from different people at same time.
Please PM me your skype who want to do thisIgnored
DislikedHello Jay,
When you first started Trading did you have a Mentor who helped you threw the first couple of month, someone experienced that showed you the way he looked at the market and some ways he was profitable, Maybe even helped you develop a system that worked for you.
Right now im trading a Demo Account on MT4 that's not going so good, i do this next to being in the military and i spend hours over hours each night trying to develop a system but i just can't find a system that seems to work.
Do you have any advice for a newbie how...Ignored