Sininfinity

Don't you guys think if there were a way to completely eliminate risk then it would have been praised way too much. There is not a single way to do that and we have to accept the fact. When starting on forex, many new traders search for this kinds things. But all they get is dissatisfaction.

Agree with you. We should not bring our emotions in a trade. But also we can not put it aside right from the start. We have to go experience them and realize how they are affecting our trades. Then we can work on learn to keep them aside.

You pointed out a good thing. It won't matter how much capital we have if we can not keep that to our account. So before we think about investing money we better be ready for any outcome. And in the process a small testing amount would not be a such a bad idea.

I am not disagreeing with you. Working with multiple instruments may bring more opportunities or may put over pressure on a trader. The thing is not all of us are free to put their full focus on forex. We have to survive first and so we should not go overboard with anything. The results may not be good.

Well technically you can say that. It is related to money and I have a target of achieving that from forex. So you can directly link it to forex. lol Anyways things always don't go the way we want it to go. The same case is happening with me. But having delay in achieving target does not weaken my determination.

I never had a mentor but I always think that if I had one then things would have been easier for me. I had to go through many difficulties. For an simple answer, I had to google many times and had to visit many sites before I could get an answer. So imagine if I had a mentor then I could get the answer right away.

Well scalpers use relatively larger lot sizes because if they are doing risk management, their stop loss is relatively small and hence, the lot size gets bigger. And I have also seen people scalp on the news. They just enter and exit quickly. lol And they actually win more than lose.

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I read a post few days ago, where a trader explained he makes 5 trades a day at max. If he gets 2 losses then stops trading. And if wins then 5 at max. That rule of trading sounded good to me.

Their experience is the most valuable thing a trader can get from them. They should not expect a mentor can make them successful. But with their teachings a trader can make himself successful. Success is only on the hands of the trader and not anyone else. So they should not be relying on anybody to bring them success.

Well people may disagree with me, but to me making profit comes first and after that everything else. Broker interference with a trader's trading is a big factor and can decide whether a trader can become profitable or not. So broker's honesty comes first. When a trader is profitable then worry about safety of funds, regulation etc.

For long term trading a trader requires large amount of balance. And not everybody has it. We have to best utilize with what we have. Long term trading sure is beneficial for the big boys because the return they get are good enough for them. But for us small fishes, it is not good enough.

The only negative impact of forex is having over my life is that I am not able to achieve my target sooner than I expected. If I had achieved my target then life would be much more pleasing than it is now.

You want to say Asian session? Well there are scalpers who trade during volatile period of times. They can take profit out of the market from the volatility. But yeah calmer sessions are also good because they move slowly. Ultimately it depends on the trader who scalps. I don't judge any trader with the way they trade.

I don't see it that way. One can make decent amount of income even if he trades with just one instrument. The thing is traders should choose those instruments which they think and know that they can be profitable with.

Thanks. Visited the site but don't understand Indonesian language. No charts were there. It is a way to utilize balance in an efficient way. If it works for some then it is a good thing. But traders have to trade on high volatile times and also have to close orders as fast as he can. Because there is a number of pips loss the trader needs to cover with this method. And in my opinion it can be started with small capital as well.

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Well if one is in the phase of decision making process then it would be good a idea to test each of them separately. They can see in which instruments they can do well and then make a decision. The trader may find out that both stock and forex is suitable for him.

Well nothing is easy in this market. And in my opinion one of the toughest barrier to success is emotion. That is why we make rules before entering trades so emotions can not dilute our judgement if things don't go our way. We can be prepared for both outcomes.