Good post. But this last part... I'm a cfd scalper lol
MT will never give even 10% power to counter professional algorithms, but we don't need it. Trading cfds or even forex with MT has nothing to do with "real" market conditions. So we can call it what we want, even a video gambling game. The main thing is that it is a source of money.
I think people lose money because of greed and unwillingness to admit the fact that they do not trade 100k account, but the amount of allowable drawdown, that mean 10k, I would even say 5k that mean daily dd. Well, it will pass with time. Works only if you have a trading system, if not you need to start with the basics.
MT will never give even 10% power to counter professional algorithms, but we don't need it. Trading cfds or even forex with MT has nothing to do with "real" market conditions. So we can call it what we want, even a video gambling game. The main thing is that it is a source of money.
I think people lose money because of greed and unwillingness to admit the fact that they do not trade 100k account, but the amount of allowable drawdown, that mean 10k, I would even say 5k that mean daily dd. Well, it will pass with time. Works only if you have a trading system, if not you need to start with the basics.
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