Forex is learning business har loss or profit.It is my Fast post buti I hearig to this program interstate.to this business is not loss but its risk. its truel.
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Forex is learning business har loss or profit.It is my Fast post buti I hearig to this program interstate.to this business is not loss but its risk. its truel.
i opne a new demo ground and achieve its strip 137$. now i dealings as i occupation with my sincere relationship.
i conceive if we make fewer turn in our demo declare we can inform two abstract really well.. money management and emotion command
i have already trading for 3 years but until now i can make profit consistenly but
i am sure that one day i can make profit consistenly every trading i do with my account.
traders have same ability and are good traders then the one who have better capital will earn good profits as then the capital point will come in existence and trader with more capital will be able to generate more profits from his trades.Quote:
Originally Posted by msm
I've found it useful to get continuing education and take courses ... taking additional courses and teaching courses about day trading. Whenever I teach something I am familiar with, I learn it even more. And when I'm coaching people in day trading I am still able to trade at least the slower trades.
I now only trading in gold may be because I have no more power to trading in forex as forex is very difficult to predict because of the price moves very irregular and wide range of forex that tends to make me not strong capital
bhai emotions ko control karna zaida mushkil nh hai .agar ap ya samjhtay hai k ap ki trade ka setup acha hai u fr ap emotions ko easily control kar saktay hain aur es k sath sath practice bi buhat jaruri hai.:DQuote:
Originally Posted by waqtitrader
Hi Everybody,
I have recently been keen to FOREX and started reading throughout internet about it. Then, I wanted to kick start to test and possible live on trading later.
I started practicing with FXCM MICRO $5000 demo account. I managed take the account to $6700+ in just one day (I was trading continiously). Then, I decided to start from $340. So, I took loss and took the account to $380 and started trading. I was taking small profits like $1, $2, $5 or even $0.33.
LATER AFTER 2 DAYS PRACTICE DAY AND NIGHT.
I opened an account with FXCM MICRO and deposited my first real $300.
I traded and took profits like $0.33, $1, $7 and so on. and took this account to $425 in just one trading day.
The next day, I started trading again and the market is against me. I kept on shorting untill the margin call kicked me out to $265 and then I GOT AGGRESIVE and wanted to recover the loss. YET I LOST ANOTHER round there and my account fell to $69 and kept on going lower and lower to $35 to $12 untill I added another $280 dollars.
and took one profit of around 25 dollars. So my balance was $312+ and then did not take $28 dollar profit instead i was looking for more (GREED) and ended up looosing around $65.
NOW I am sitting at $245 with a 25K buy of USD/JPY at the current market price.
What do you think of my experience ?
Please give me Suggestions on how I can make consistence profits ?
What were my mistakes ?
Will I be able to make profit from my ENTRY of USD /JPY ?
More comments and suggestions please.
according to me forex is very sluttish as i can do output in forex at any indication we poverty it is easy to business here but there is immature problematical for the new persons ,new traders should premiere larn almost than it is not really problematic as it is painless.
My daily trading experience has been challenging, trying to make out time to read the chart, identify the trend, then determine the support and resistance and then trying to get a good entry and exit point and when trades go against me, then trying to identify what went wrong and how to go about it