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- Joined Dec 2015 | Status: Member | 7,868 Posts
Do your homework, follow the footprints of smart money
The Big secret to trading success 831 replies
Trading System versus Trading Strategy: Gaining a Profitable Edge 33 replies
Correlation Between Trading Time and Technical Trading Success 1 reply
Trade management... The secret to success 27 replies
Why is trading with mitigated risk and an edge the only way to success? 0 replies
DislikedWell, Daniel2775.. the problem in almost all discussions here is, that noobs insist and stick to their wrong trading behaviors thinking they are doing the right thing. Trading on Demo is indeed a major if not the most destructive habit of unsuccesful traders/noobs. You have to understand, that all your results and evaluations done on demo are of NO worth. Truth hurts. By giving you this advise you could save yourseld a lot of the ressource everyone of us can not afford to waste - time. Of course you can put it as opinion although it is a fact. But...Ignored
DislikedHey @droloh, nothing wrong with demoing if the trader knows what he/she is doing. If the trader is demoing to make paper profit or to win a broker's contest it is a big problem. Doing that would make the trader learn risky and terrible habits. A good way to demo is to focus on mastering a specific system or strategy and learn how to control capital risk. KP {quote}Ignored
Disliked{quote} This is your opinion. But when 90% of people fail in trading which is 1 in 10. If everyone used a real account 9 people would lose money. So the fact is a demo account is best until profitable otherwise you may as well go to the casinoIgnored
Disliked{quote} Because this is a thread. To help people. Guide people. I could give my system to people but then people would abuse it. Finding your own way to view the market and your own edge is key. What a lot of people lack is the basic understanding of trading. What is important and what isnt important you wll be surprised how many traders have been trading a year and don’t have a money management plan. Don’t know what ADR is. They dont know how to calculate it. They have no understanding of how to actually compound an account safely and effectively:...Ignored
Disliked{quote} You are now changing your argument. I didnt say its not best to have a demo, I said its not a fact that everyone needs to start on one as you are claiming. If you want a serious debate, you should at least read and understand replies correctly. Also, you dont think that most people lose money even after they have been profitable on a demo account? The more I read this thread the more I get the feeling you are a complete newby or someone who just recently started making some profit and is now tryinig to educate others. You should show your...Ignored
Disliked{quote} Hi Daniel, I know George AUS used to hedge but he never showed how it was done. His system is basically reversal trading. A lot of the time it can go against you. If you don't know how to hedge you will be destroyed. At least I hope show us how to hedge. And regarding the ADR - it can change from day to day. How reliable can that be for planning our trades. Thanks. RajnidasIgnored