aapne bilkul thik kaha hume overtrade nahi karni chahiye bilkul bi..esse kaafi tensions create ho jaati hai..patince aur discipline se work kare forex mein aur demo trading ko na bhule,ye bahut jaroori hai..Quote:
Originally Posted by paritgupta
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aapne bilkul thik kaha hume overtrade nahi karni chahiye bilkul bi..esse kaafi tensions create ho jaati hai..patince aur discipline se work kare forex mein aur demo trading ko na bhule,ye bahut jaroori hai..Quote:
Originally Posted by paritgupta
dekhen bhai naye logo k lea forex trading start kerny k lea aik cheez bohat zroori hai or wo hai k unko practice achi honi chye jab tk unki forex trading k lea practice achi nahi hogi wo log acha profit nahi kama skty isi lea zroori hai k wo log demo me practice ker k apni trading ko sudhaar len...Quote:
Originally Posted by Anytime
I advice beginners should start practicing on a demo account when he feels good and common benefit in the demo acounts he had to go to the real thing, but trading in a demo account should be better than the results that have been obtained in the demo account he opened for practice
I agree with you, every traders in the beginning should use demo account first to get familiar with mt4 platform and they need to be serious even using demo account. Because there are many traders take easy with demo account and then after moved to real account they got margin call. :)
forex is a bisiness or a job?
hello every one , every second forex member says that forex is full time job or part time job i cant under stand forex is a business or a job.in my view it is purely business its environment totally different than jobs.
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Forex Trading is what I do every single day now-a-days and I can't even begin to tell you how much it has changed my life.
-- It helped me learn and earn so much from a vibrant and exciting market such as Forex markets.
-- It taught me the importance of being well-read, informed, and keep on top of everything happening in the world.
-- It gave me analytical insights on world markets, economies and different methods of trading.
-- It taught me the arcane skills of learning how to read charts, graphs and other areas of technical analysis.
-- It blew my mind as to what is possible and what's not.
-- it taught me valuable life skills such as being able to exercise patience and caution and learn to stomach the fact that anything can happen.
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Now you could say: wow great job your life is beautiful, you achieved something other people could only dream of, well... no, it’s not that easy...
So which are the negative effects about trading?
For me, one word, UNCERTAINTY. This is my biggest problem with trading, this is what makes me anxious, sometimes i can’t sleep at night because of that damn word.
You can’t predict prices that’s it, again YOU CAN NOT, no matter how hard you try you must learn to cohabit with uncertainty, today you earn 1.000 buck a day, tomorrow you’ll lose 10.000, be ready for it, it will happen, maybe not today, but believe me before or later it will. It could even happen for 3-4 days in a row or a month or two in a row, what will you do when it happens? (that’s why i prefer long term trading, the R:R is better, you lose 10$ to make 100$ if you want, you can’t have the same approach for day trading). I see you behind the screen laughing: “Ah ah, it can’t happen to me, my analyses are so good that it can’t happen”, dude wake up!! you’re playing with probability, a couple researcher (i think Stephen Hawking) made this statement: what is the probability a monkey can write the divine commediae? (it’s a book made of about 664 pages) well it is 10 elevated 750.000, in other words 1 every 100000... until you reach 750.000 zeros. So let’s say you’re a gambler and you bet that a monkey would never write it, if you win everyday you receive 1$ if you lose you give 100000*750.000$, probably you’ll never lose for all your life time. But let’s say there are 1 million gambler now, so there are 1 million monkeys and let’s say that we will not leave 90 years but 1 million years, well the scenario is pretty changed, something that was almost impossible now could happen.
Are you still so convinced you can’t lose trading? if a monkey can write a 660 pages book, believe me you can lose your underwear trading, and it will not happen in 1 million year, nor you’ll need 1 million monkey... just one!!! Lol!
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How objects become icons?
yes, objects can’t tell us how to live our life, but they can influence our opinions about a person, so they reflect our idea of life. Eg. you see a guy with an Armani or Valentino suit, you don’t think he could be a robber, while if you see the same guy dressed in a homeless way, you judge him in a different view, when you do that... good job you’ve just build your own cage. Don’t you agree? do the same example and swap the suit with a car, house, iphone, ecc... or any object who owning it, will change the way other people look at you
When you give that value to an object, you are “caged” now you want that object, and if that object is too expensive? no worries, you can always have a debit!!!
more has to come on the subject (are we human being stupid?)
every newbie should not forgot about to demo practice, before they can go into the real market. Learning is more important as we can see it today. As a trader I think that newbies should practice in demo account at beginning when he feels he is good and getting regular profit in demo accounts
Every beginner should traffic on a demo account so as not located in the same error, which occurred when former forex traders.
Can not enter the trade forex directly without the expertise and experience of demo account, but there is a direct income and succeeded, and there are those who entered and failed miserably and lost all his money and went out of the narrow gate.
i am also new to the system of forex,please let me know the answer of same question being asked by new persons,how to start forex trading for new people,as the same seems to be very tricky,without knowledge there can be loss.
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every trader should use demo account in the beginning first to get familiar with the mt4 platform,trades in demo account should be taken seriously as finally one has to the real trading platform.
Learn Forex and read some ebooks and should be regular to this forum and look after others experiences and then you should open your demo account and It will be fine. The traders will definitely need an account demo to learn, because they can test the strategies they will use on real accounts by continuing to practice on a demo account. I know the problem of every newbie, as I am newbie too but by now after using demo account for some days I have learnt how to manage account for newbie. Keep going.
contest account would be better than my master demo account, because if we just use the demo account we will not be trained properly and also for our trading will diminish mental, the other if we use a demo account contest it would be even betterQuote:
Originally Posted by Anytime