how to use trailing stops without tears 10 replies
When i'm trading on demo account i always win many trade but when i go to live account i always lose. Can someone please comment. I need to know why and is it this thing also happen to you outhere?
DislikedTo all forex trader i appreciate if you can share your tears and laughter (your experience) in this forum. This is good for the newbie to learn something from professional trader.
Thank you very much.
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THINGS TO DO BEFORE TRADING
1. RELEX YOUR MIND PUT 99% OF YOUR CONFIDENCE
2. CHECK THE UPCOMMING NEWS. DO NOT TRADE THE CURRENCY/PAIR IF THE NEWS IS COMING
3. FIND WHERE IS YOUR ENTRY POINT
4. FIND WHERE IS YOUR STOPLOSS
5. FIND WHERE IS YOUR FIRST TAKE PROFIT
6. FIND WHERE IS YOUR SECOND TAKE PROFIT
7. BE STRICT WITH YOUR MONEY MANAGEMENT!! DO NOT CHANGE YOUR STOPLOSS WIDER WHILE YOU TRADING
Do not believe in anything simply because you have heard it.
Do not believe in traditions because they have been handed down for many generations.
Do not believe in anything because it is spoken and rumored by many.
Do not believe in anything simply because it is found written in your books.
Do not believe in anything merely on the authority of your teachers and elders.
But after observation and analysis, when you find that anything agrees with
reason...then accept it and live up to it.