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

  1. #1

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

    I know how to begin this thread but can until you that

    I do my home work about the currencies and the way to exchange.
    How to use leverage and exchange in demo accounts
    I place a full staratigy that it's profit more that it lose (not perfect but decent one)
    but find quite difficult to open any commerce in live account

    also if I open some for 2 days I shut all of it (with profits) rather than open any additional

    I dont want to open any positions any more in dwell account I dont know may be since I afraid I will lose some money ??!!!
    I attempt to place a goals,trading timing notes and reminders however if the trading time is near I feel lazy to open the laptop or the trading system and begin trading and analyzing.

    Any one can help me I think it's psychical thing.

  2. #2
    Hello,
    Hope you had a fantastic weekend.
    When you discuss egy, you really do or don't mean an automated egy?

  3. #3
    Quote Originally Posted by ;
    I dont know how to begin this thread but can until you I do my house work about the currencies and how to exchange. How to use leverage and exchange from demo accounts I put a full staratigy that it's gain more that it lose (not ideal but decent one) but I find very hard to open any commerce in live account also if I open any for 2 days I close it all (with profits) and not open any more I dont like to open any positions any more in live account I dont know may be because I afraid I will eliminate any cash ??!!! I attempt to put a targets,trading...
    When I started to exchange on a true account, I thought it was just as simple as in the demonion. But I then realized that everything is much more complied. A lot of nerves and emotions because it's real money and it is yours. Cowards for every penny. I was about to quit A week afterwards. I decided to check out how others do it. I tried a lot of different egies but ceased until the simplest. It's trade and scalping on the news. It takes a very long time but the outcome is great. In general, I discovered what I was looking for and my income is now growing. I want to try out the egy Bollinger. I read proven to be quite intriguing. The major issue isn't frightened and seek something different.

  4. #4
    Quote Originally Posted by ;
    Just my input from my experience; No one starts off like a pro, the very fact you are doing your homework and study is a step farther than the rest. Recall trading is something that always require optimizing to the professionals. No footballer became professional immediately, hours of work and dediion make them where they are now. Because most people say - Demo your way through then start a live with a little account and exchange little before you construct your egy to where you want to be. Rome was not built over night! Slow and constant Hope that helps...
    I concur with this, man. Everyone began from zero, what makes them great is they're always learning and never giving up easily. It may occurred months or even years for them to develop into a fantastic trader, but it was really worth it.

  5. #5
    Just like a single trader said, it is an issue regarding confidence. That usually means you have to try, then can find what's the issue and slove it. I suggest you can try micro reside account, such as maybe less than $100 to practise your confidence.

  6. #6
    Trade on demo and grow your confidence, train you hand and mind to open the trades. Then open a real account and try creating the tiniest possible trades and maintain them for relatively short periods in order to don't get extremely nervous and make a mistake.

  7. #7
    Quote Originally Posted by ;
    I dont know how to start this thread but can until you that I do my house work on the currencies and the way to exchange. How to use leverage and exchange from demo accounts I place a full staratigy that it's gain more that it shed (not perfect but decent one) but I find really hard to start any trade in live account also if I start some for 2 days I shut it all (with profits) rather than open any more I dont like to open any places any more in live account I dont understand could be since I afraid I will eliminate some cash ??!!! I try to put a targets,trading...
    your brain is the toughest thing to master, the trading itself is easy,
    everything you need to do would be to use money managementwithout risk more than 1 percent
    on any trade, then each loss will be little and provide you piece of mind.
    Then you need to have the discipline to follow the rules of your egy.
    If you get a signal then you exchange, with the proper lot size.
    Should you find your self straying from the rules, take a brake

  8. #8
    Can relate to the issue, I think you want to gain confidence in demo accounts!

  9. #9
    Quote Originally Posted by ;
    About the rules: If you can measure and implement this type of egy, they would be able to eliminate intuition/emotion all collectively.
    You're able to create this type of egy but it doesn't remove the emotions from trading. It does supply objectivity, which may be helpful.
    Quote Originally Posted by ;
    Such egy doesnt exist since it contradicts itself. Let winners ride is hardly something that you can measure
    Well, you may create a egy that defines this in its own exit parameters.
    Quote Originally Posted by ;
    You then enter intuition vs emotion.
    Intuition is a good thing, however if you are not careful you might mistake 'into-wishing' to get 'intuition'.

  10. #10
    Quote Originally Posted by ;
    quote Hey mates, As an extra recommendation from my side, I would strongly suggest to any beginner to steer clear of news trading. Potential huge win could be very trying but this is also the simplest way to dismiss your account within a matter of minutes. GL to you
    Any temptation can be removed with a trading habit, read aloud daily. Unless you are interested in wasting your hard earned money.
    Hope this helps-
    Reno

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