This is also a good way to trade, I think you mean trading on the co-related pairs. Its good but first you have to get the knowledge and analyzing of one pair to a certain good level and then trade on both pairs by analyzing only one pair.
This is also a good way to trade, I think you mean trading on the co-related pairs. Its good but first you have to get the knowledge and analyzing of one pair to a certain good level and then trade on both pairs by analyzing only one pair.
i also start my real forex trade very early but now i feel if i start my trade few months later it could be better for me , because on those time while i start my real trade i lost my trading capital .Quote:
Originally Posted by sazzad
The same way I felt when I first started traidng on a live account, I felt that i had rushed into trading on a live account since as at then, I never had a trading strategy that I was going to rely on, and so also, I was making a lot of loss.Quote:
Originally Posted by sheikh rashed
I think we need to make sure about our self control and self confidence about our first entrance on forex world. Though over confidence is too bad or harmful but we need to manage some confidence level to set up our mind.
yes its true , if there is good profit in demo and if we have confidence to ourselves then we can convert demo to real but i think first time its always better to start with small amount because if we trade with big amount and if there is loss then it may come depression so much.
something has to be done by the Novice when it decided to enter the business in forex is emotional control and confidence that is redundant since both of these properties is very detrimental to the trader's own. with it then you have 50% more survived the destruction of your account
Yes am ready for real trading. I have practiced in my demo account more than two years and I have got a huge really huge collection of cool indicators and I have done PHD on indicators using. I have made a template for my self and I have used custom indicators on this. For this template I have written an e-book. Actually it's not an e-book it's an user manual of my custom indicators template. I have used this on my demo account thousand times. So, am so sure that am ready for real Forex trading.
After continuously demo trading, One will get the confidence to trade with real money. So, I think one will get the confidence like me if he trade in demo like real trading.
I think you are correct and its good idea trading with low capital for newbie trader. and about technical analysis its also good idea and i think trully its better for newbie but at the same time traders should aware of high impact news also.
it is true we do business in forex trading we should not keep the emotion and the nature of greed that will lead to greater losses. if we are to succeed in forex trading business then we must be diligent in studying and developing the capabilities we have with the way we learn with senior traders.