doubling our lots is very dangerous , of course we double our accounts in few days but also we can destroy our accounts in minute , so we have to use money management before talking about doubling...
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doubling our lots is very dangerous , of course we double our accounts in few days but also we can destroy our accounts in minute , so we have to use money management before talking about doubling...
for me I prefer forex than stock , because the gain in forex market is so much higher than any other market , in forex we can double our accounts in only few days , but in stock it is difficult
I notice that in very short time or several moments we lose what we earn suddenly , may be more greed or fear of loss are the main reasons that lead us to this bad moments
really successful traders don't depend on indicators or signals in their trades , they only have their own systems , also I think that most loser traders use indictors and depend on signals while...
for me I always calculate my stop loss as a percent of my balance per one trade , but for my take profit only 20 - 30 pips are enough for me
For me I think that the worst pairs to trade are the pairs with high spread , for example GBP/CAD , GBP/AUD and GBP/NZD , so we have to stay away from these pairs
I think manual trading is the best , I have been in forex market since three years and I dont hear about any robot can make regular gain , so we have to stay away from robots and trade manually
really if I have professional method or successful strategy I will share it here in the forum or give real signals without any selling because we all here to share our ideas and to learn more
could any member here explain pivot points briefly and with charts , I hope any proffesional trader opens a real work shop and gives us real signals on that system
I think that the most important reason to trade forex that we can trade forex at home without any controlling from any manager , we are the manager of our accounts , so it is our own business
of course and without any doubt financial markets test our emotions and if we can not control our emotions we will see many margin calls and many losses because emotions are the main reasons of losses
I am intraday trader , I want only 20 pips per day , I don't prefer scalping or swing trading because scalping is very dangerous and swing trading need more money and more patience
the best advice that one of my friends told me 3 years ago , ( don't trade with your own money when you start forex trading , because at the beginning phase you will lose your money , you can trade...
may be traders stop them trading life when they achieve their goals or dreams but at the same moment I think it is very difficult decision because I feel forex in our blood
really I think that trading metal ( gold and silver ) is so profitable but at the same time it is so dangerous trading , so I don't trading gold or silver at all and I think trading metal is suitable...
one of the biggest mistake that traders make is waiting for losses , there is not any problem when traders set stop loss because we can not wait untill margin call occur
I always think that there is not 100 % rule in forex market , so you can know the best time to do scalping in eur/usd ( for example ) according to the strategy that you will use
I always think that monday and also friday are no longer safe days to trade , really there is not the best of ( tuesday , wednesday and thursday ) for safe and profitable trading
for me I really afraid from bank of japan and the intervention that caused many losses for me when I trade GBP/JPY , the pair moved more than 500 - 600 pips in a very short time
I always think that gold is one of safe haven investment in the world now , ( may be more that united state dollar ) , but at the same time gold is so difficult and dangerous to trade
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