O god, half china is looking this thread too - not bad
perhaps it's time that everyone is selling 1 lot eur/usd??
O god, half china is looking this thread too - not bad
perhaps it's time that everyone is selling 1 lot eur/usd??
In my very first year of trading FX, I came up with an idea to pick a pair and go long or short according to a coin toss...I was serious. My advice to you my friend would be to continue to study the market. It's hard work. You've got to get an excessive amount of patience to trade the markets....99percent of people are not born with that.
Me too, I had been on my final opportunity final account until I was going to stop, I couldn't afford it any more. I had tried it my way which hadn't worked I decided to try out a more conventional strategy. Turned out I didn't have any idea what I was doing when I started, but it looked so easy!
I've heard other traders say the same, some couple of blown accounts before making it, perhaps it's a phase some people have to go through.
Dangit....now I will think about shifting the FX market every time that I hear this tune!!!! That is
Threads like this so greatly tempt my wicked side.
Doubt it. I'd wager most conveniently overlook that span of their life, or inform their friends that the markets are a casino. And who's 5 or 6 accounts? Learning how to exchange an appropriate size is one of the easier lessons to learn, and ought to be hammered home within 1 or two accounts (excluding meltdowns).
In an ideal world, sure.
(Forex) trading is such a tease, it looks so damned simple and people think because they feel they are so near the rainbow, that time they will make it!
For all I know, the claims of blown accounts were for fractions of entire capital, and by individuals inside salaries ready to reload the account. Blowing an account is just as significant as how much of trading capital it represents. I could blow off accounts too if I underfunded them.
Most small traders (using that term loosely) are underfunded if the sum is separated into multiple accounts or not.