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Going all in on a trade

  • #41
  • May 25, 2017 11:19pm May 25, 2017 11:19pm
If you have noting to lose then this is a perfect idea:

- Scenario 1: You win, pay off the loan and you stop trading.

- Scenario 2:You lose, go get bankruptcy, after a few years you good again and try again.
  • #42
  • May 26, 2017 1:27am May 26, 2017 1:27am
Quoting Beerbelly
If you have noting to lose then this is a perfect idea: - Scenario 1: You win, pay off the loan and you stop trading. - Scenario 2:You lose, go get bankruptcy, after a few years you good again and try again.
If one is trading with borrowed money there's quite a bit to lose, unfortunately.
  • #43
  • Jul 10, 2017 10:55am Jul 10, 2017 10:55am
Quoting Gopixus
Sometimes i have a stupid minds to take a big loan and take one gold trade (gold or very very bad trade). Next take big profit and to pay off loan, and live without job I know this is suicide but do you have sometimes this kind of thoughts?
No way dear! I know, much difficult it is! Even, I have started my live trading with micro live account (by 10$ only), for judging my trading skill! Trading with loan is such a stupid thinking actually. In addition, depending on any specific trade position is too risky.
  • #44
  • Jul 12, 2017 4:31pm Jul 12, 2017 4:31pm
Micro account is really better than demo. if you did this mistake in demo account you could learn nothing . that’s why I don’t believe the importance of this trading place and always suggest for newcomer to kick off a micro account for live trading experience
  • #45
  • Jul 18, 2017 4:11pm Jul 18, 2017 4:11pm
I about had a panic attack just thinking about this idea haha. Although it is something I would never do in a million years, risking it all would be the thrill of a lifetime.
  • #46
  • Jul 18, 2017 5:50pm Jul 18, 2017 5:50pm
There is no shortcut to success. Trade 0.01 lots per trade, real money if you can afford to lose it, for as long as t takes to become successful. It takes a Doctor about 10 years, a Dentist about 8 years. Maybe a good engineer can get there in 5 years. If you think you can be very successful in less time, you need to re-examine your reasons for believing that. It took me about 9 years. I suppose that's a little on the long side, but you haven't failed until you give up. Best success.
  • #47
  • Jul 19, 2017 11:36am Jul 19, 2017 11:36am
Quoting Graviton
There is no shortcut to success. Trade 0.01 lots per trade, real money if you can afford to lose it, for as long as t takes to become successful. It takes a Doctor about 10 years, a Dentist about 8 years. Maybe a good engineer can get there in 5 years. If you think you can be very successful in less time, you need to re-examine your reasons for believing that. It took me about 9 years. I suppose that's a little on the long side, but you haven't failed until you give up. Best success.
That is a great point. Learning to trade forex, in my experience, is like getting another university education. It takes as time, as much effort, often one has to invest as much money in it, depending on where they live.
  • #48
  • Last Post: Jul 19, 2017 2:16pm Jul 19, 2017 2:16pm
Quoting MitchellMcC
Micro account is really better than demo. if you did this mistake in demo account you could learn nothing . thats why I dont believe the importance of this trading place and always suggest for newcomer to kick off a micro account for live trading experience
Please not mix different subjects. Micro account is great for beginner trader but after passing demo account micro account leads a profitable trading, otherwise instead of demo practicing any kinds of micro account always bring losses.
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