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- LuthfiMaung replied Dec 9, 2015
Overconfidence and greed, that's the case. Lack of risk management was also exist in this case. But the way you pull yourself back and studying more about the market is pretty great.
- LuthfiMaung replied Dec 9, 2015
Lol this thread Yeah, it's easy as buy when the price is low and sell it when it's high. What makes it hard? The market price movement is unpredictable
- LuthfiMaung replied Nov 30, 2015
Cut loss is the main key when you're not using SL, execute it by yourself when you know the loss would be worse if you don't take an action to cut it...
- LuthfiMaung replied Nov 30, 2015
True. If you think that loss is unavoidable, just make sure you know how to minimize it so won't suffer much losses...
- LuthfiMaung replied Nov 15, 2015
Thanks for the information, brother. Personally, I'm still wondering to use EA but at the other side I'm still learning how to trade well in forex. Unless If I have an ability to program it, I could make EA with my own trading system...
- LuthfiMaung replied Nov 15, 2015
Even a scalper uses stop loss to prevent any worse things when his internet connection got disconnected....
- LuthfiMaung replied Nov 4, 2015
I know a professional trader who got almost a million bucks in his live account. Once he was about to withdraw them, the broker was against him, he couldn't withdraw his balance in his account. So, it's not just about your trading system, but you ...
- LuthfiMaung replied Nov 4, 2015
Try to find a demo account that offers you to edit the capital for the demo account itself, make it equal as possible to your real fund so you wouldn't get surprised when trading on live account.
- LuthfiMaung replied Oct 27, 2015
#7 is the most important one when you're really deep into this business... May I add one more? It's to control your emotion. You may find it easy to control your emotion when you're playing around in demo account and got loss some, but don't expect ...
- LuthfiMaung replied Oct 27, 2015
Make sure you know and understand the basics of forex itself, including how to operate the platform itself and how to make profits on buy/sell. Then you may want to train yourself in demo account (almost every broker has an access to demo account). ...
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