I don’t think that practicing on a demo account alone can help much with learning how to deal with one’s emotions. When trading on a demo account the anxiety that is connected to risking real money is just not there.

How to better control our emotions?

The SNB event did hurt them pretty badly. In the end of the day, even after they sold off their assets to Gain Capital for $142 million and has generally paid off $238 million, FXCM still owes Leucadia another $155 million. Furthermore, the lender ...

FXCM Discussion

I agree. The old saying that you should learn something new every day applies very strongly to Forex trading as well, I think.

What helped you the most to be profitable?

Aren’t you concerned about losing your internet connection or a computer malfunction? True, those things happen very rarely, but I think it’s good to be prepared just in case. Mostly because it’s happened to me once or twice and it was not a ...

Real Fx traders do not use stoploss

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What kind of music you hear while you trade?

Revenge trading is about one of the worst things a trader can do. It's an emotional decision, not a rational one, and usually people end up digging themselves even deeper than they were at the beginning. I am glad that you managed to shake off that ...

What helped you the most to be profitable?

If we move, the question is where to go. One option is, indeed, CySEC-regulated brokers, but how much longer will the laxer regulation last? Brokers all over Europe and beyond are tightening the regulation – in Germany they’re gearing up to ban CFD ...

Would u stay w/ ur FCA broker if they change to < 1:400?

Demo account trading is great for educational purposes, for building a foundation, so to speak, for one’s further development as a trader, but it is not enough. Some things can only be learned on a live account, and those lessons are often not at ...

Main guidelines for beginners

The same can be said about the other major trading sessions too, like the Tokyo and the NY ones. They too provide similar trading conditions. It all depends on your own time zone, I guess.

Forex trading - best time

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What kind of music you hear while you trade?

I think that the most practical thing one can do is find a good trading sessions clock to check when different trading sessions (London, Tokyo, NY, etc.) open and close and trade while they’re open, depending, of course, on their own sleeping and ...

Forex trading - best time

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What kind of music you hear while you trade?

This couldn’t be said enough. In order to achieve something, usually you should make an effort. In Forex trading that effort is big and it doesn’t always pay off, unfortunately.

Trading is Extremly hard!

After the UK, Belgium, France, Cyprus and Israel, the Netherlands is jumping on the bandwagon - they are looking to ban the advertising of CFDs, futures and warrants. The Authority for the Financial Markets (AFM), which is the Dutch financial ...

FCA imposes bonus ban and leverage cap for CFDs

I agree. We can’t rely on luck as traders. Sometimes we can get lucky, but what truly matters is skill, knowledge and discipline.

Is trading really that hard?

Frankly, I think that newbies shouldn’t be using EAs, at least not for a while. Learn the theory, practise the theory, understand the principle on which EAs trade and only then try and see whether you can use them. And, of course, test them ...

Main guidelines for beginners

Sometimes it can help. Creating a routine generally helps, because when you have a trading routine you know what to do, and a large part of the anxiety comes from the fear of the unknown.

How to better control our emotions?

It is possible to be profitable, even consistently profitable, but it is quite difficult to get there. The majority of traders lose their money – usually people say it’s about 95% of traders who do, though I don’t know how accurate that number is. ...

Trading forex profitable is impossible!

What do you mean, lose in order to win? I am not sure I fully understand that.

How to better control our emotions?

I agree. I cannot tell you the amount of times I’ve opened the wrong position, saw that it’s wrong and the market was going against me, but kept it open because I kept hoping there would be a reversal. It took me a long time to overcome (at least ...

Main guidelines for beginners