Those who say it cannot be done should not interrupt those who are doing it
Do people actually make a living off of trading? 38 replies
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How many real accounts have you blown before consistently making money in FX? 61 replies
Superstar Analysts - are these people making money? 16 replies
Disliked{quote} You are right. What I adopted recently is 100% trade with plan. That means one has to have a clear plan for all stages & scenarios of trade and follow it. What I also found out is that not having 100% worked out plan, makes me trade impulsively and substandard decisions are made.Ignored
Disliked{quote} I don't know why you do it, but generally when a trader is in front of the charts he/she wants to be productive instead of starting at candles. Therefore, instead of waiting for a real good setup to come along, the trader starts mindfecking him/her self about how it's now or never "coz if I don't jump on the train now, I'm gonna miss it". That's a very common psych issue with traders. So what's the solution? Simple. Develop a very strict trading plan with set rules. If all the rules are not met, tie your hands to the arm of your chair....Ignored
Disliked{quote} It's all about RR ratios. If you're looking for a 20 to 30 pip move against a 3 pip risk, then that gives you a 7:1 to 10:1 ratio. If you have the skillset to identify pivots right to the pip (in much less volatile trading), then it's quite doable. Of course for me this is all theoretical coz I'm too much of a chicken for that kind of tradingIgnored
Dislikedi go up 10 bucks then down 10 bucks. lol. its like my life at the blackjack table with 1 hand of chips left. I started with 50. went to 60 went to 50 then to 40 then im back at 45. not trading on any kind of system. really using that 50 to learn what i can because nothing will make you learn/research and try to make educated decisions like having your own money on the line. Even though 50 bucks is relatively small. i try to make 8 dollars a day. 8 bucks day is like a dollar an hour raise at my job (which i work at while i trade lol). im 50:1 because...Ignored
Dislikedi understand that the demo is definately the way to move.. however at the moment that 50 was "lost" to me the second i transferred it. so i dont mind "demoing" with it. But yes. i am a "gambler" in a lot of things. but i feel like i am learning quite a lot at a decent pace because my money is on the line. the motivation stays there the whole time. 3 dollar profit trade feels like a 100 dollar pot in poker to me.. what different systems are there that i can implement? one of the most difficult issues i have it my work computer is not compatible...Ignored
Dislikedi also just set up the macd on my phone graph.. the trade feels a lot more... readable. having a tell for entry and exit..Ignored
Disliked{quote} Was that live or demo? You shouldn't even attempt live until you can prove to be profitable on demo. Then start small. There's no need to lose money. I've never lost real money and yes I have traded live, though currently fine tuning on demo. There's no rush. Go back to learning, then keep practising.Ignored