I am just occasional trader, I attempted intraday on demo account, but it does not suit me nicely. Perhaps I am ahead of myself... so you are saying, firstly possess some egy and later move to have cash management item and not vice versa?
I am just occasional trader, I attempted intraday on demo account, but it does not suit me nicely. Perhaps I am ahead of myself... so you are saying, firstly possess some egy and later move to have cash management item and not vice versa?
Hello! Although I do not know how long you have been trading. But if you don't have had consitent trading efficiency using a functional system you have long analyzed and found success with, you should start small. Do a lot of reading and practice what you're learning. Money management starts with trading far less money than you can manage to lose and getting a good trading mileage with your trading account. Best
KP
Hi men, I do probably require a help... or a wisdom/hints... I will open a live account with about 2000 - 3000 ? (of savings) at FXCC (1:3 leverage, can change if you say so) and before I touch something on a live account, I do need a little help with Money Management setup, since I'm overlooking what if I do and do mathematics about, what is important, I've learned concerning position-sizing, risk management, accurately putting stop-loss etc...
my idea is to trade by swing egy at D1 timeframe (I think that is optimal for me personally, to given account dimensions), holding cycles from 2-12 days. And I just need to discover the perfect way, the way to set it all up.
#8203;
Entirely agree. What's wrong and the Bible does state it, is....The love of money is the root of all evil. Money, and having it isn't evil, but the love for money is.
#8203;
Go back to the basics. The only two things I use when I'm trading is patters and price action, and maybe a little fibbonacci every once and a while. To me, there's absolutely no need to mess up the charts by putting a bunch of indiors upward. Return to the basics and only master those
#8203;
It varies from one individual to another. A individual that does not have any clue what they're doing shouldn't open a account. Everything depends on the individual. This will sat . . .demo live and trading trading are just two completely different things. There isn't a lot of emotion involved in a demo account unless you're looking at it like a game. I will say that if someone does open their first live account, begin small since it doesn't take long to lose all of the money you set in. Whatever amount you would like to use to start an account, put half that much from there and save the other half.
Hello everybody. Sorry I haven't been around for a loooonnnnnggggg time. I was surprised,really surprised really to observe this thread remains active. I hope it has given inspiration/motivation to a bunch of you. I'll do my very best to get the opportunity to get on here at least once a day to test things out. I'm excited about meeting a bunch of new people and hopefully re-connecting with a whole lot of you good 'ole boys from back in the afternoon. I can not believe its been this long since I've been on here. Happy trading #8203;
Thank you for offering to help newbies like me! According to your experience, when is the time to switch to actual from demo? And also could you recommend some other trustworthy brokers?
Well, I am new and also spend a few hours reading everything on this website; I understand somewhat about candlesticks, Is the Asian session considered the start of the trading day for the candle stick patterns?