Search results

Regulation is essential. Otherwise you are just giving you money to a faceless unknown company that has no obligation to give it back

1:2000 wow. Never seen that before. I don't think that is very sensible

I think using demo and a live account is an iterative process. I started on demo then went live but had losses, so I went back to demo. This repeated a few times but have been on live account for a while now

I agree PA rules!!!! It is the only strategy that makes sense to me

You are one of the lucky ones. Most people have real problems with the psychological part of trading.

I still like low volatility for scalping. Smaller stops and with only a little bit of price movement there is a very high probability that a small TP will be hit

Sounds like a good book but I have bought so many books and when I look back at it, I got almost nothing out of out most of them

That is true. It is easier to find out if your method works or doesn't work when using a robot because you can backtest the EA in a few minutes. If it makes money then it MAY make money in real like but if it loses money on backtest then it will almost certainly lose in real life

It does get to the point sometimes when I think about stopping. It is tough to make that call when you have been trying for a couple of years though.

There is a thread on the psychology of trading on earn forex which is very helpful. Psychology is the main problem that new traders have. Most people are used to earning money not risking it every day

Good motivation here. But it still is disapointing some times especially when things go well for a few months and you think it's going well but then the losses come and your back to square 1

The psycholgical aspect of trading can be a real problem. Not setting a stop loss, revenge trading, over trading all these things are symptoms of how psychology can cause problems in trading. For me the key was to start demo trading and then use a real live account but with a tiny lot size of...

Low volatility is quite nice. I like to when the price goes sideways and ranges. I just sell at highs and buy at lows. Nice tight stop loss and conservative profit target.

There are advatanges to using a robot but it is very difficult if not impossible to factor everything into what a robot. Only a human can really view the market this way. And how do you get a robot to understand fundamental analysis and market sentiment. I perfer to stick to my own manual...