-
If you want to risk not more than 5 % of your total investments which means you can risk 5 $ at a time on your trades as your investments is 100 $ and in this case you need to choose your lot size depending on the stop loss levels you want to place and for how many **** .
-
It requires a patience , disciplined and a fresh mind which should be relaxed and calm to be able to perform quality trades so if a trader is tired he can not perform profitable trades so it is better for a tired trader to stay away from trading.
-
I have seen few women traders or members who post and I assume they must be trading as well by looking at their quality posts and I feel that women must be good traders as well. I can not comment who will be best men or women.
-
Demo account will prove effective for a trader only when he takes demo account seriously while he practices and treats the money in it as real money while practicing.The results he will get then will be good and same results will be there in real account.
-
Do you mean using two time frames for one trade or same trade ? Well if you mean the same then it is totally wrong and you might suffer losses as you will get two different signals which will only make you more confused.
-
I think a experienced trader is a better person who can control his emotions well and with all those years in the markets and losses and profits nd lessons learnt he is in a better position to trade and trade emotionless.
-
It is in the nature of these markets and risk is a part of these markets and a trader needs to work hard to minimize their risks and reduce their losses so all the strategies and methods a trader forms work in the same direction to lower the risks.
-
Just because you are a part time trader and want to trade full time your decide to use a EA or give your account to another trader , in both the cases you might loose your money so it is better to trade yourself.
-
It does takes time to become a successful trader or become a millionaire and it requires a slow and steady approach as there is no short cut to success and a trader should not try to become rich overnight.
-
Traders must take demo account seriously and while practicing they must treat the money in it as real money and then practice in it as when the results you get in demo account will be real and same results will be there later in real account.