Sininfinity

I have said it before that there is no time to become a trader. There are lots of things to learn if you are planning to trade for a long time. So the early you start the better.

If someone is afraid to take risk then he or she should not venture in to it. There is risk involved in every business and it won't go anywhere. And everyone is not made to take risk. So if they think that they are not made for it then they should stay away from it.

The importance of a demo account has been explained countless times and no matter how much we discuss it, we will find something new that it is important to all kinds of traders whether they are new or not.

It is a good thing if you get support from someone when starting. At least they can give you some kind of way when you don't see any way because they have already been on the path you are on.

"DON'T TRADE" lol. Well that's one way to put it. Simple thing is if one wants to gain then he or she should be able to accept the risk. There is no such thing as risk free trading.

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There will be many emotions that will come in our way of trading. It is our responsibility to improve ourselves over time and not let those emotions cloud our judgements and make good trades go in a bad direction.

Agree with you. If one can manage to keep his capital then he or she can have another opportunity to make profit from the market. But if one trades recklessly and loses all the money then there is no next opportunity for him or her.

Some people fix a time range for them to trade within that time. It is not a bad thing. The market stays open 24 hours a day and staying focused on work all the time is not good for health. So it is not a bad thing if people choose to set a time frame for themselves.

There is no exact percentage. It is just a number that roams between 1% - 5% and no stat confirms that. But other than that I can agree with the notion that most lose money. And the reason behind that is because of themselves in most cases.

I have a specified target and if I am able to achieve that then I could be on the first step of my success. But the sad thing is I have slowed down from the time I wished it to achieve.

So you don't take a days rest? That's not good. Though there are opportunities but the mind also needs some resting. So it would not be a bad idea to give the mind some rest.

It is always a good idea to put a stop loss in a trade even when you are in front of a computer. There are times when market make large movements and if you get caught in those large movements then it can be very bad for your account.

Agree with you. And unfortunately most of the times these suggestion are ignored by the newbie traders. They rather enjoy losing money on their untested skills than making a reasonable decision.

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To stay profitable in the long run a trader has no choice but to manage his risks and trade with a plan. Higher risk leads to higher profit may sound good on paper but if one of those risks fails to deliver profit then the loss would also be greater. So risk must always be controlled.

There was a broker who had all these and older than most. They have been fined many times for robing their clients and also lost their license. I prefer to look for broker's honesty. Anyone with money can buy regulation do dirty works.

You are right. When you think you have a stable method which is bringing you positive pips, you should not stop there and keep the room for improvements open. Market does not behave the same way all the time so keep that in mind.

I have said this before that targeting for daily profit is not a good idea at all. Opportunities does not occur that often and traders have to wait for them to occur. They should not force themselves to make profit.