{quote} i would say the best decision for me is stop coming here overall, i only make like 400 post in 7 years because everyone's trading style is different and i end up trading without using any indicators at all best decision ever. i have turned 1k - 400k in one week without using anything from forexfactory Also do not trade demo account for more than a month!!!! very important trade with real money please demo account is a waste of time i still get nervous seeing thousands going up and down every minute . you won't feel that with demo i wasted...
dumbest thing to do is not trade demo account. It is widely told by wannabe gurus (like this guy probably) because its the only cool thing they can say. 1k to 400k in one week?
yeah. I just bought Mars for my this weeks profits.People, what is going on here lately? Demo trading is the best thing you SHOULD do. This forum is not your problem. Your problem is that you don't develop a SYSTEM where you define every candle movement on the market and learn to TEST it without losing real money. Its the smartest thing to do. If you don't “feel” because its just demo money then are you in Casino? Wtf do you need to feel? I feel like you’re addicted to gambling bro.
Develop a trading system. A strategy. You gotta define everything in the market. I mean literally every candle. Ask questions like: Why this happened? Why price went up there? Why, why, why. Like in programming. Everything is defined otherwise it just doesn't work. Trading is very similar. If you notice some of the real traders here then you can see that they know exactly what are they waiting for. They studied it for years, they used it for years probably before even making any serious money. And after that they still lose using the system but it's probability game. It's fine. What do you do to win the probability game? Handle your emotions (no rage trade) and money managing skill.
If you enter your trade. You NEED to know everything before entering: where you put SL, where do you exit, where do you look for another trade. Again, a SYSTEM. Define everything. If you can’t then ask questions from some people from this forum who actually CAN trade. Don't google too much cause its full of fake gurus and their not working logic. Go read books, understand how institutions move money around. Oldest things work, like S/R, simple Supply and Demand. It works. Learn to use it. Mix it up. All this Smart Money concepts you see laying around, i don't know. Never seen it work long term - prove me wrong.
and the the end PRACTISE system you developed in DEMO environment. Why do you risk money losing? Because you are addicted. Thats the short answer. Not one person, who is educated and smart enough wont risk his/her money on something untested. Period.
my 5 cents.
have a great weekend everyone and stop listening to these jackulls. Sorry if im being way too direct and cocky
EDIT: I'm editing post, fixing typos and adding missed thoughts
How to succeed in zero sum game?
