Forex course is not a science, because it 's related to speculation. So, we can not use a strategy that can be calculated as mathematics, if we have the talent, then I'm sure it will not take long for us to be able to dance with the market.
I'm sure all of the strategies are profitable, but the key is in the hands of us, whether we are able to master the psychology and the way we are trading in accordance with that analysis.
"Bulls Make Money, Bears Make Money, Pigs Get Slaughtered". Come and join me... Slow and Steady...
Money management plays a vital role in Forex Trading. Without it, it's like a blind running while crossing a highway road. If he is lucky, he will survive and cross the road without any accident, but if the luck doesn't play its part, he will get crashed by some car or a truck. In the long ...
No one will give you a punishment for getting an MC, but the important thing is that if you have some inner feelings and care of your team mates, you will never want them to face the circumstances just because of your mistakes. That's what humanity is, and this contest will promote it.
Take Forex markets as a battle field and each trade as an enemy. So, when you use an excess leverage, it's like using all your bullets on one enemy. When you get a margin call it means you are out of ammo and your enemy has got you.
When you don't use stop loss, you are just like a person who has planned to jump from a helicopter, but doesn't feel the need to using a parachute. I advise all of you to always use stop loss and make sure that you are in this market for a longer period of time still able to trade. Using stop ...
Where there's a trend there's a trade.
Everyone can be a trader, but to maintain your existence is very tough, so try to work hard to achieve the best and never quit, because quitters never win and winners never quit.
Skill is the mother of all tools in Forex, you need to be skillful and successful in the way you trade, that makes up Forex in general. No matter how much you have, only successful trading will get you to a higher level/account balance growth.
Tip is a ball, the harder you fall, the higher you bounce.
There is a huge difference between demo account and live account. It's like fighting in "Street Fighter" vs fighting in the real world. In "Street Fighter" you don't feel the pain and many people are happy playing that video game. In the real world, nobody wants to get punched ...
A plan in Forex is like a sun in your life. Without the plan you will feel that you walk in a dark street, so you must give yourself a time to know what you need to make from this market and how long you can stay with chart.
If the indicator helps you understand the market action better, then it's good for you, the aim is to be a better trader each day no matter the type of indicators you use or use of no indicators. The truth is judged by the trading results!
Risk is something that can never be eliminated with every trades. We must learn how to minimize it and must be cautious in entering the market specially if we have less equity.
It's true that experience teaches us to accept the fact that trading is a mixed bag of profits and losses, and we should work hard to have more profits instead of losses. Experience has also made me eliminate the fear of pulling the trigger as well as greed elimination.
When we get two salaries, one from Forex and the other one from office, then we compare them and realize how much effort I spent in the office and how much at Forex, similarly, we compare that in return how much the office paid us back and how much the Forex did. Then we smile and thank the Forex for ...
As we all know, its pointless to put ALL the money at risk, chasing the Luck there will be another day to make money on Forex, if today something has gone wrong. But if you put everything at risk, then tomorrow you will have no money to trade with. It's like if you walk your way on rails, and then ...
Suicide or excessive risk is not a courage. The hero has to come from the battle alive and with good results.
The one who does like that, sooner or later recovers all the losses, and the one who just waits for the market to recover his losses, gets crushed. That's the way this Forex trading works, and sooner or later everyone understands it either after blowing his account once or more than 10 times.
A trader who uses a complex analysing strategy will spend all the time analysing and won't have enouph time to trade, but a simple strategy can give you profit and time for yourself.
It is not complicated, but very hard to make a consistent profit. Why does this happen? Forex is so strange, simple but hard...
The world of Forex has a big treasure. To get it, you have to walk the way full of danger and to skip up to the great treasure. You should learn well before becoming a small fish lost in the ocean.
Forex is a lovely unicorn when you trade with a trend, and an ugly beat when the trend is going against you!
When the market gets greedy, I get nervouse and stay away. When the market is nervouse, I get greedy.
A losing position is like a car with no brakes, that spiral out of control in the highway... If you don't put a stop to it, it may consume your trading account in no time. So please make sure you have stop loss in place, so that it can save your equity... even a cut loss will do.
Most of indicators show us just the past. We have to trade in the future.
Essence of luck is a part of the game. Definitely, heroes blow their accounts. Heroes take revenge!
Forex is not a get rich quick scheme - you must have patience. Avoid emotional trades and do not trade when you are too upset or too happy, because when you are too upset you might risk your everything, and when you are too happy you don't realize the losses in your happiness.
On a PAMM you have a unique chance to join to the best traders in the world. You should be happy if such a trader accepts your investment, because you need him much more than he needs you.