How many pips do you think is safe for SL ?

[vanigota1]

Only very few traders who are really successful and experienced and have very good knowledge of these markets will be able to make such kind of profits everyday on regular basis as it requires a great deal of knowledge and experience

[vanigota1]

This is exactly the way a trader must approach in these markets and should not right away aim at becoming a millionaire and first aim at making some regular income by earning consistent profits and then think about maximizing your profits.

[vanigota1]

A trader who takes his demo account seriously while practicing is the one who gets same results in real account as in demo account and traders who do not take it seriously get profits in demo account but the results are opposite while trading in real account.

[vanigota1]

You habe the right approach and attitude mate and keep it up. It is better to trade with your analysis and not rely on anybody else for it which means that you have trust and confidence on your abilities and skills.

[vanigota1]

Addiction to anything is not good as it makes you used to it or you can not live without it. So addiction of anything is bad and be it forex. A trader finds it hard to leave forex as he has spend all his efforts and money and when he looses he tries to recover his money back and he does not quit until then.

[vanigota1]

When you experience margin calls for few times and like in your case you had it 5 times , so it is better for you to trade in small lot size by using small capital and trade slowly by making some consistent profits.

[vanigota1]

I think you are talking about averaging your trades or your purchase as you mentioned buy in every fall. Also you need to make sure that you need to have more funds in this case and to hold it for a longer period of times as gold can move 1000 **** in one direction in a single day.So be cautious if you trade like this.

[vanigota1]

Also we can rephrase and say loss is not the only way to get experience in forex markets but it is a good way to get experience in these markets as traders who learn from their mistakes and work on them go on to become better traders.

[vanigota1]

I agree with you mate as it is very important to have a good knowledge and a better understanding of these markets and a prior experience to trade in volatile markets to perform profitable trades otherwise traders should avoid trading in volatile markets.

[vanigota1]

EURUSD is more volatile and traders prefer to scalp in this pair and there is no doubt about it that this pair is highly volatile and the trading volumes are higher because of higher liquidity and also the pip movement is higher , that is the reason it is the most preferred pair by the traders across the globe.