Sininfinity

Nicely put. Different people view the market differently. There is nothing wrong in it. But when trading one should make sure he or she has a plan. Otherwise things may not go well for that person.

As retail traders, we have a tendency to see these spikes, get rid of our stops and come by our supposed direction. Then we have a tendency to forthwith get aggravated and suppose there's a conspiracy to urge us. the reality is that there's a conspiracy. however it’s not personal and it’s sometimes the larger traders and not your broker operating against you during this manner.

Well I won't say it's a must. It depends on the trader how he wants to manage his money.

Well I see things differently. If a person is making decent profit then he doesn't need to teach anyone. Just can live life quietly. A mentor may not be a profitable trader but can have knowledge. And those knowledge can be helpful for a trader. The mentor may not make one successful but can guide people. That is if he or she is a true mentor.

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Can't disagree with that lol. I have seen people who somehow developed a trading system with few indicators or learned from someone else, started calling himself a guru and offered to teach others. Also there is place where a newbie trader can find reliable mentor.

I can't tell about zero spread but fixed spread doesn't necessarily mean they are dealing desk. Traders prefer it and brokers with several liquidity providers can offer it. With fixed spread brokers make more profit than floating spread. Because floating spread almost always stays much lower than fixed spreads.

Well I don't have any problem with what others think. There are millions of market participants. Each one have their own different view. Those different views creates supply and demand and moves the market.

Yeah, demo account can be helpful for traders in the process. It can also save lots of money for those who wants to does not want to lose money during testing certain strategy.

Well those who want to stay in this business even if they try to ignore demo, sooner or later they will come to realization that they can not just ignore it. They must use it so they can save themselves from potential losses.

Well what you said is right. But what actually a trader needs is a trading plan which will bring profit in the long run. Without a trading plan a trader can't be profitable in the long run.

I was not talking about withdrawing all profit in general. There could be a withdrawal strategy. Like with a compounding strategy, you can make an withdrawal every time you make any profit which is more than 10% profit.

Yeah some brokers have large floating spreads even on popular currency pairs. But usually non dealing desk brokers who has several liquidity providers, usually have small spreads almost all the time.

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I also support your 2 cents. Discipline is a very important part for a trader. One can not just go in and out and expect profit in the long run. It is a business that can give huge profits over the long run.

Well I don't like the idea of setting a time range for demo accounts to learn things. In my opinion a trader should take as much as time needed. If it is 3 months then so be it and if it take even 10 months then he should give himself the time.

Well said. To become successful in this business we need to do a lot of thing and prepare ourselves. Thing won't be so easy for people and thinking it as gambling is not a wise thing.

A good point. We work in the market so we can gain profit from it and not just for the sake of trading where we must stay there like 9 to 5 job. Whichever sessions gives us profit, we should work on that.

Well compounding does not necessarily mean you don't withdraw your money. You can withdraw. But increase your lot sizes as you win more trades. I don't prefer this method.