- Search Forex Factory
- 77 Results
- JonathanHob replied Jul 17, 2018
What about risk management and trading psychology? Did you read the book The Millionaire Traders? Here you will find interview of some millionaire traders. Many of them use stop loss. Even one of them started with only 1000$. Everything is relative ...
- JonathanHob replied Jul 17, 2018
When you trade in demo you know that you are not losing your money. You remain indifferent. But when you trade in real account, you become conscious. You now know profit and loss depends on your decision. Fear, greed, and joy starts working. Demo ...
- JonathanHob replied Jul 9, 2018
Nothing is specific im trading except risk management. You have to find out what suits you the best. You have to do study and a lot of experiments. Trading can't be done by talking suggestion. What works for you may not work for me and vice versa.
- JonathanHob replied Jul 1, 2018
I agree with you. Avoiding loss is not possible. Trading is all about managing your risk. That's why the terms money management and risk management is very important. We can manage our loss. And to manage loss, knowledge about risk management is ...
- JonathanHob replied Jul 1, 2018
Yess. I was get ittited by this kind of question and expectation. There's day-night difference between on paper calculation and real trading. They think it's a casino and everytime they will win. They don't try to understand that trading is not ...
- JonathanHob replied Jun 29, 2018
Yes, it is the right approach of trading. Trade the pair that you are comfortable with. It's all about what you understand the most. Every pair has its own unique characteristics. Learn one by one. Don't apply same strategy to all pairs.
- JonathanHob replied Jun 23, 2018
Excellent. You are absolutely right. People take forex trading, the most difficult job lightly. They expect to make money just by entering into the market. Few days demo trading with some ready made strategies available on internet. No risk ...
- JonathanHob replied Jun 23, 2018
I think by now you have lost that 100$ also. Being desperate is the most dangerous things. You will never be able to success in life if you are desperate for it. Trading is for those who have idle money and enough time for learning. You can follow a ...
- JonathanHob replied Jun 19, 2018
Very few people follow this basic rules. All are restless here. They are just running after. Even they don't know what they are looking for. They want it ready made. Unwilling to experiments as it takes time. They want it quick. They focus more on ...
- JonathanHob replied Jun 19, 2018
You are absolutely right. Many times it also happened with me. I also have opened trade before the candle closes. I think it's a common newbie phenomenon. And it comea from fear of losing opportunity and impatience. All the newbie should give ...
- JonathanHob replied Jun 11, 2018
It doesn't matter how much people are losing money. That fact is what you are doing. This statistics doesn't make one successful or loser. In every industry Millons of people are entering but very few are getting success.
- JonathanHob replied Jun 11, 2018
Yes I prefer long term trading for newbie because of the psychological aspect of trading. It means that newbie can't do short term trading. Psychologically every person is different. If anyone can develop his psychology, he can do short term trading. ...
- JonathanHob replied Jun 7, 2018
Yes a good strategy can make us profitable. But trading is actually combination of strategy and psychology. We can fail even if you a good strategy if you can not make ourselves disciplined. Fear, greed and overjoyed entice us to make more mistakes. ...
- JonathanHob replied Jun 7, 2018
I am also not against short term trading. But for newbie it can be dangerous. As newbie it is very difficult to control emotions as in lower time frame markets move a lot. This movement entice new traders to open more and more trades. Once your ...
- JonathanHob replied Jun 4, 2018
This you are right. This is how most newbies are introduced to forex trading. They have been told it is very easy. Very quick you can make money here. Yes it is possible to make quick money here but for that you have to spend years in learning and ...
- JonathanHob replied Jun 2, 2018
Yes you are right. There is another reason why people lose. Most people are introduced to forex in a wrong way. They think that trading is very easy task. You can very easily make money here with few hundreds bucks. Just do demo trading for few ...
- JonathanHob replied Jun 2, 2018
What you are looking for doesn't exists at all. No one has ever got success in trading by browwing strategy. A strategy becomes successful when it is well tuned with you trading personality and emotions. Trading is not an easy task to do You have to ...
- JonathanHob replied May 30, 2018
Yeah, you are right. It helps in some extend. The best way is take same amount of capital as you intend to invest in real account. For example, if you want to invest 200$, in demo account take same 200$. It will help you to develop your trading ...
- JonathanHob replied May 27, 2018
When you trade in demo you know that you are not losing your money. You remain indifferent. But when you trade in real account, you become conscious. You now know profit and loss depends on your decision. Fear, greed, and joy starts working. Demo ...
- JonathanHob replied May 26, 2018
Loss is inevitable in forex trading. And it gives pain no doubt. Actually no one learn how to accept loss. You have to learn how to overcome loss. Successful traders focus on their risk reward ratio and winning trade percentage. So you should have a ...