Some of the people on this thread really need to read the "sticky" threads at the top of the rookie forum and get real.
Money management and the correct psychological approach have to be mastered as well as being good at analysis. Then we have the three essential ingredients. Yes there is stop hunting and unexpected losses. We should accept that. Trouble comes when someone gets quite good at 1 or 2 or maybe a bit good at all 3 essentials and then strikes lucky. Luck tells lies.
If just one of those is missing then we will lose eventually. And probably write a load of hokum about how this business is fixed.
unless u're told it's real but it's actually demo...
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I agree 100%. i have read that some traders at banks etc get thrown in the deep end with what they think are real accounts but they are only dummy accounts. If they handle the stress they stay.
I agree 100%. i have read that some traders at banks etc get thrown in the deep end with what they think are real accounts but they are only dummy accounts. If they handle the stress they stay.
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And what is the likelihood that this will happen for a small retail trader? And what happens when said trader who thinks they are trading a live account tries to withdraw any profits and is then told "Oh, by the way, its just demo".
Agree 100% all you want but the whole idea is pointless because until you put your money (real) where your mouth is, you will never understand.
This is what I believe. The brokers are plugged into Metatrader Manager a supercomputer that handles EVERYTHING, they are all using account information including trade prices, stops, and targets, they are all stop hunting, and they are trading the bulk of our own money against us and they are NEVER going your way. I tested several top-rated robots and I watched them easily sidestep every single red and green line because they use the information in their computer to know exactly where those prices are, you can also see it on your own trades. When...
