How to start like a pro? - afraid to open trades -
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thread: How to start like a pro? - afraid to open trades

  1. #21
    I need to appologize to the original poster which I might have highjacked this thread. I know is not on topic.
    Perhaps some moderator could migrate it to a new thread...

  2. #22
    Hello,

    this is how I define consistent : having the same expected outcome within a longer time period. Within this period, fluctuations can happen but in the very long term the outcome is exactly the same. You ask if I know anybody who is/pretend to be as a consistent winning daytrader, my answer is no. But I do believe they exists, otherwise why have retail trading. I frankly do believe there are individuals out there that create a living from (day)trading.

    About the rules:
    if you were able to quantify and implement such a egy, they you would be able to get rid of intuition/emotion all together. Such egy doesnt exist because it contradicts itself. Let winners ride is hardly something you can quantify, same as when to follow or break a rule. You enter intuition vs emotion. The question becomes then: ' are succesfull traders been born or are they formed. I believe it is the latter one. (ofcourse there should be some fundamental natural abilities aswell)
    kind regards

  3. #23
    Frankly, it is not possible to start your trading as just like a pro trader! Because, it is a long journey not an automatic process! However, of course it is possible to you! You need to concentrate on now learning process with determination and sufficient concentration too.

  4. #24
    Junior Member javier03bcn's Avatar
    28
    You can't be a pro from the trade you start. You learn up across the ladder; throughout profits and via declines . Trading expertise makes you a pro eventually.

  5. #25
    Junior Member soyjoram's Avatar
    9
    Hi.

    Opening a trading place could be full of emotion, especially #373;hen you're risking too much of your account.

    If you're day trading, declines can happen everytime, that's #373;hy its difficult to keep up #373;ith which type. Sometimes you're right and sometimes you're not. It just depends upon your style of trading and how positive you are. My advise is that no ever should trade on trade and guides just as per your plan or egy. You have to create one, have a border, back-test and test it on a mini-lot account for 6 weeks in order for it to function. Trade on powerful, very good market conditions as#373;ell. That is ho#373; you will be confident.

    And the final issue is, minimize your risk to utilize logic #373;hile trading. Even when you're sure 99 percent that you'll find a trade right, don't put your account at risk. Over-confidene can and #373;ill kill your account, even yourself if you drop a large amount.

    I recommend trading fundamentals and go for long-term trading, since this really is ho#373; you live foreign exchange trading, from #373;hat I've experienced.

    All the best,

  6. #26
    Trade on demo and build up your confidence, train you hand and mind to open the transactions. Then open a real account and attempt creating the smallest possible trades and maintain them for relatively short periods so that you don't get exceedingly nervous and make a mistake.
    Hey mates,

    As an additional recommendation from my side, I would strongly suggest to any newcomer to stay away from news trading. Potential huge win could be quite trying but this is also the easiest way to blow your account within a matter of seconds.

    GL to you

  7. #27
    Whether you are a newcomer or a professional, all of us begin at precisely the exact same place. There are many very good replies here, some are crummy. I'm not sure I watched anything about a constitution within this thread. It is basically a mission statement that's written down and examine daily until you look at your balance. Your constitution is exactly what you as a trader stand for, your do's and don'ts. Where you would like to funnel your profits, what potential you give your losses. I read about this at a FX book. It has been a very helpful tool in my arsenal. After I composed my constitution and totally understood it, trading miniature lots was quite effortless for me. Hope this helps somebody.

  8. #28
    Junior Member jttelumu's Avatar
    18
    How to start like a I keep seeing this sentence on this forum: trade like a professional! How can a professional trade? If you want to trade like a professional you need to be a It doesn't make sense to want to look like a pro once you are, or we're, amateurs, we exchange as a hobby, in most cases. If you want to trade like a professional you need to be employed by a business which trade with this markets, by a bank or a hedge fund or a pension fund or simply by an investment fund differently you, or we, can't trade like a professional, we all trade such as amateurs.
    Regards!

  9. #29
    Getting quickish that is rich without leverage is basically HFT. And when there's somebody doing HFT on MT4 and Can withdraw big profits without broker committing them hard time withdrawing it well hats of to them as they're pretty much able to eat the bucket shops or mm's potential profit then

  10. #30
    Junior Member OxntisOxrina's Avatar
    17
    I've just begun trading live after using demo accounts for 6 months. Trading micro lots is your best way to go because I truly don't care about shedding ? 2-4. It is the price of studying to trade in my view. Demo accounts do not have the emotions attached regardless of how much you attempt to take them seriously.

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