Search results

You are never truly safe when it comes to trading, there are only certain levels of safety and it's up to you on which level you choose to be. This depends on money management, how much volume you choose to trade etc. Find your strategy that works for you and adjust accordingly.

Seems that commodity markets have the longest lasting trends, followed by equities, followed by forex. Is there anyone here, who has actually tried gathering statistics about this? I am just stating from general observation.

I also asked myself whether a teacher would be necessary. Surely we can find all the resources about trading on the internet, but many are often in conflict, perhaps a teacher could make the learning process smoother? Unlike with other professions, it seems with trading there are many different...

My biggest fear is when they go bankrupt and one only gets a portion of ones money back. Has not yet happened with me though, using FXCM and GAIN.

Your question is difficult to answer because it depends on so many other factors like everyone here as pointed out, but you might want to force yourself to "wait a little longer" after a string of losses and force yourself to "wait a little less" when the going is good and you are raking in...

I agree with Rambo35, somehow you mental states are different when trading demo versus real. With real higher level of anxiety creeps in, which means less in that flow state.

I calculate how much I can lose based on my stop loss and ask myself whether I would be ok with that.