Doubt kills more dreams than failure ever will.
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I wanna know (main forum) 5 replies
Why you lose money and will always lose 31 replies
Wanna Have A Simple (Free Hand) Trendline Alert !? 12 replies
CFTC rap - why you wanna babysit me? 13 replies
The Mistake Journal: Lost some Pips? wanna talk about it? 7 replies
Disliked{quote} That's complete nonsense. Are brokers Orphanage homes. The reason many failed to transmit good performance in their demo into live account is the fact that they trade far above the capital they intend to open when they demo trade. Example just because you can download $50000 in demo account you continue to practice with it, whereas you intend to go live with, $1000, $2000, $500 or less. Such demo trade is complete nonsenseIgnored
Disliked{quote} Even if you open a demo account with a realistic amount like let's say $2,000, the emotions are still not there. You aren't scared of entering trades, you will open trades whenever you have a "hunch" and that will NOT transfer over to live trading. You don't feel fear or greed, because it's fake money. The transition to demo and live is completely different. I totally understand what you are saying though, if you open a demo account with $50,000 and try to get a grasp on trading from that, then that's just daft. It's just giving you a false...Ignored
Disliked{quote} Emotions, emotions , everywhere. Do we have to know what is Forex with live account, know what is S/R and how price reacts to them just because we are so tied concerned about breaking emotions down. Emotions will always be there.Ignored
Disliked{quote} No, we don't. You are completely right. Maybe people use a demo account for the wrong reasons? When I opened a demo account, it was more along the lines of figuring out where all the buttons are and understanding how the platform works. I didn't do a lot of trading on demo, but yes, I suppose if people were to open a demo account with a REALISTIC amount and actually attempt to learn from mistakes, learning basic fundamentals, etc. then it can absolutely work... depends on how the person goes about it.Ignored
Disliked{quote} Just because you're not making anything on a consistent basis does not mean successful traders don't exist. I'm not successful or consistent by any means but at least I'm not a coward. I am aware that my inefficiency/inconsistency is my own fault and I have no one (not even the markets) but myself to blame. I've been here for a few years and if there's one thing that I am sure of about the market is "it's not random, there's a structure" our challenge is first to learn to spot the structure and then learn to exploit it. Its easier said than...Ignored
Disliked{quote} Emotions, emotions , everywhere. Do we have to know what is Forex with live account, know what is S/R and how price reacts to them just because we are so tied concerned about breaking emotions down. Emotions will always be there.Ignored
DislikedWhats the best secret ever kept? Knowledge!!! It is priceless and you must find it to stop loosing!Ignored
DislikedTrading psychology? A lot of people believe trading psychology is one of the most extremely crucial components for a successful trading foundation. Yes, it is very important. But in my opinion, trading psychology is only real because you do not know what you are doing. You have no trading plan. You do not know when to enter and when to exit your trade.Ignored