Monthly Profit - Daily Trading using SMA
What if somone does not have space for second position? What if some one has 1 lot for GA so that means I should claim 60000 pips profitSummary should be indicative messurement based on standard units. {quote}
Why dont traders want to control their emotions? Most of traders notice that their emotions dont help them make money on financial markets. But they dont even try to fix it. Why? Reason 1. Because traders think that their emotions are not important. In any field where people compete for big money the winners work with their emotions. They do it because they know that their mindset define if they are among winners or losers. Reason 2. Because traders think that their emotional reactions are a natural part of them. The emotions that you fell when...
It is easy to gain knowledge. There are a lot of useful and free materials in the internet.
If you use them after some time you will get experience.
But the key issue is psychology. Even if you have knowledge and experience but havent mastered this field then you will not make money.
Why? There are a lot of reasons. For example imagine that you have a profitable system. You earned something. But in the last 10 transactions you lost money. You know that it doesnt mean that your system has become unprofitable. You can make money on them.
But if you dont know how to control your emotions then it will be very hard for you to use this system. You will probably look for another one. You will have to spend time on searching and learning another system.
On the other hand imagine that you know how to deal with a long series of losses. You dont mind that you have lost on last 10 transactions. You keep to your old system and after some time you make money again.
So how do you want to spend your time? Learning new systems or making money?
Anyone else having a shocking start to the week? I am currently down 400 pips. My Open trades as it stands. NZDCAD Buy 0.01 Pips: 10.50 $1.07 GBPCAD Buy 0.01 pips 45.40 $4.43 EURUSD Sell 0.01 Pips 5.10 $0.66 EURUSD Sell 0.01 Pips 4.80 $0.62 EURAUD Sell 0.01 Pips 8.60 $0.86 EURAUD Sell 0.01 Pips 8.60 $0.86 EURGBP Sell 0.01 Pips -8.40 $-1.42 EURGBP Sell 0.01 Pips -8.50 $-1.44 GBPCHF Buy 0.01 Pips -13.70 $-1.84 GBPCHF Buy 0.01 Pips -13.60 $-1.82 EURNZD Sell 0.01 Pips -11.20 $-1.06 EURNZD Sell 0.01 Pips -10.10 $-0.96
{quote} If you are going to be so happy, I am happy to transfer my orange one to you, believe me it is just useless (sorry if I ruined the party). The fact is there are many red traders on FF still trying to be a good trader. Regards, Blackeagle
