Risk comes from not knowing what you're doing.
Why is short term trading so hard 47 replies
Trading Options... What I've learned (the hard way) 45 replies
How big a hard drive do I need for trading? 7 replies
Help! Finding emotional aspects of trading very hard! 23 replies
New trading system hard to completely follow... anyone ever have this problem? 0 replies
DislikedOh, just to add something. Count your profits or losses in pips. Never US dollars, euros, pounds, yen...whatever your base currency might be. This will give you a little relief. Trust me. It will be easier for you. Instead of "I've made 1000 bucks this month" think like "I've made 50 pips this month".Ignored
DislikedWhat is hard is to turn emotions off. Everything else is rather easy, and can be learned. He who controls his mind, will always get the most from the markets.Ignored
Disliked{quote} only a serios tip: never ever ever count pips. never ever. one of the biggest mistake you can do. there is only one way it is allowed to count in pips, when you trade only same currency and only same amount each trade (often only done for an expert advisor trading in 1 currency allways same lots). then the tickvalue for each pip is the same, if not your calculation is the most stupiest and unimportanst possible number you can count. but who is trading only this style, near noone. so counting pips is one of the biggest beginner mistakes someone...Ignored
Disliked{quote} I agree. Pip is a biased statistic. For one thing, analytics software like myfxbook gives a biased pip count depending on whether you're trading exotics or not, along with the majors. As you said, it makes more sense to look at percentages or dollar amount. In the end, what matters is profit not pips.Ignored
DislikedDealing with loses is the single most hard thing a trader has to do. I wasn't aware of the short circuit that produces a single losing day. I will add to the list to forget about the money. Monetary objectives is what most have, when procedure objectives is what winners have.Ignored
Disliked{quote} zulu, myfxbook and so on have the pip count only because of one reason: to impresse stupid beginners, that they can see how many pips are done. and thats why many trade 20 times 0,1 lot and not 2,0 lot, so they have 20 times more pips earned with same trade to get in first places in statsitic for beginners. so useless counting pips, exact same win like with all pips in 1 trade. with pips counting cheating is most easiest possible.Ignored
DislikedOh, just to add something. Count your profits or losses in pips. Never US dollars, euros, pounds, yen...whatever your base currency might be. This will give you a little relief. Trust me. It will be easier for you. Instead of "I've made 1000 bucks this month" think like "I've made 50 pips this month".Ignored
DislikedI personally know a pro trader he suggested me to open minimum 1K trade positions in the demo first then live! Frankly, when I was a new trader then I didnt get his point but now I know actually, what does he mean! Basically, new traders are hungry, they focus on only big profit rather than learning and acquiring knowledge, thats the main problem, no one can be a successful Forex trader without enough practice and dedications!Ignored
Disliked{quote} or you start it the easy way and dont do the difficult ways first.Ignored