That's the right spirit. We can suffer loss and as long as we don't let it affect us negatively, we can improve ourselves and do something good actually for ourselves.
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A bit risky in my view but you know better. Do you check for high impact news before you enter a trade? Because price can move dramatically during those times.
True lol. Even after too many warnings have been made, still traders can not control their greed and try to get rich within a short period of time. That is when they fall hard and finds it difficult to recover.
I myself have tried several methods on backtesting and had similar experience like you. lol At one point or another it does not work. But I am not discouraging anyone to try it. You can back test with historical data and see the results for yourself that how things go for you.
Well said and agree with you. First traders need to understand how leverage works and then apply it with proper caution. A few consecutive profits can make one think that he has found a good strategy where he could just be lucky in those trades.
In my opinion a trader should answer the question by himself. Different traders can have different type of experience in a broker. But one thing a trader should do is choose a non dealing desk broker.
Agree with you but some people tend to deny this fact and call it gambling. The thing is whatever they name the market, it does not have any impact on the market. Market will move at it's own pace. It is up to the traders that how they will approach it.
It is a good idea to diversify things. Now technology has so improved that traders can manage multiple account with a single master account. Lots of services and applications are out there to do the job.
Well it is up to traders how to approach the market. I support traders making mistakes. Mistake make a trader to become better in trading if they can identify those. And risk will always be there so go on with it.
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By subscribing to AutoTrade system, the selected trading system will be automatically synced with your connected FXOptimax MT4, allowing every order to be replicated in your trading account. To know more please click here.
Myfxbook AutoTrade
By subscribing to AutoTrade system, the selected trading system will be automatically synced with your connected FXOptimax MT4, allowing every order to be replicated in your trading account. To know more please click here.
Well you can see some robot users on copy trading sites. Their performance looks good but I also don't know how successful they are with their robots. Also successful traders don't often brag it on the internet.
At first I thought it was a gender biased topic for "manly" word. lol
Anyways I don't think that leverage is dangerous if a trader maintains his risk properly. And has control over their emotions.
I don't like the idea of relying on other's methods. Whatever I can make for myself is good enough for me. It may take more time but once I have a method then I can shine a lot.