Me to. I only ever fund as much as the margin requirement. If your broker offers negative balance protection then it makes no sense to fund your account to a higher level. If the market gaps against you and you have only the minimum necessary in ...

Trading for a Living

Like everyone, I found babypips early on, but found the style of writing highly patronising, and some of the advice was just rubbish. I suppose it would be useful to the absolute no-clue novice as it does explain some of the basic mechanics of ...

Success of the Babypips bloggers

When I was but a rookie trader, I tried to trade the NFP. LOL! Lesson learned. Now I take the first Friday of the month off and go for a drink instead. Another rookie error was trading the DAX late on a Friday night not realising that it closed. ...

Post your Trading Mistake and How you overcame it

"If someone here uses a profitable EAs who trades more than 5 trades a day that would be great, please share it to us. I have a lot of tabs open, and if I backread all of those thread, my time will waste." Hey, if anyone has some spare $50,000 that ...

What is the best EA in here?

Trading is incredibly difficult. It takes a great deal of time and effort, frustration, tenacity, and determination to develop a profitable strategy. But it is ultimately well worth it. when I say "develop" I mean you have to try, backtest, tweak, ...

5 years and still no strategy

I started trading purely out of curiosity. I'd sometimes hear people talk about stocks, shares, forex markets etc, and because I didn't know anything about them, I decided to learn what it was all about. Of course, I understood the basic principles ...

Why I trade Forex? Hbu?

"But may I request all expert traders for your mercy to share some EAs which is capable to generate profit with low/controllable risk, suitable for new trader to start." Forget looking for an EA to do the work for you. If profitable trading was that ...

The most basic profitable trade system or EA for beginner

The hardest part about trading is developing a strategy that is profitable. That is a long, difficult, tiring, frustrating task with no guarantee of success. But the moment you realise your strategy will work, and generate profit, well that is a ...

Do you find it hard to stay motivated?

Forgive my bluntness, but it sounds like you don't have much of a strategy, and are more or less placing trades at random. The best advice I could give is stop trading live, switch to demo until you have a properly thought out and tested strategy. ...

another losers thread: entry strategy idea

I'm annoyed at the proposals, they seem to have been brought about because a large number of clueless newbies lost all their money, complained, were told by their broker "sorry that's the market, you agreed you understood that" and so went whinging ...

FCA imposes bonus ban and leverage cap for CFDs

Yes. You can also get rich at the roulette table by betting everything you have on RED. If red comes up, great! If it doesn't... The problem you have is risk management, and (in my very humble opinion) is the reason many traders fail before they've ...

Can you get rich quickly from forex trading?

Good comment, but I would add that even a successful and highly profitable trading strategy will have losses, and these are perfectly acceptable, as long as they fall within expected parameters. For example, say you develop a strategy where you know ...

Rules of Successful trader

1) Protect your capital by not risking it until you have a profitable strategy that you have proved (to yourself) works. 2) Never risk more than 2% of your capital at a time. 3) Plan your trade, and trade your plan.

Rules of Successful trader

In my opinion, if you are finding trading stressful, then either there is something wrong with your strategy, or you are trading for the wrong reason. If you view trading as a hobby or as entertainment that (like going to the cinema etc) has a ...

Is Forex stressful?

Yes slippage is a problem, there are several ways to mitigate against it. 1) Guaranteed stop loss. Some brokers offer these (e.g. IG is one I know, there may be others). This means that whatever happens in the market, your SL is guaranteed to be ...

Are you afraid of slippage when choosing a broker?

Demo accounts are perfect for beginners to learn the various functions of the platform, examine and study charts, and most importantly, develop strategies. However, you'll see time and time again traders say they did really well with a demo account, ...

Difference between Demo and Live

When I first started trading, I did fine with a demo account for about 2 weeks, so put 100 on a real account. The difference was amazing. It was the first time I really felt the difference between losing real money and fake money, and the impact ...

how much was your biggest loss in forex?