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That is if someone takes it this way. But unfortunately many does not take demo accounts seriously. If they had then they could have saved lots of money.

Requote or slippage both are not good for scalpers. They can mess their trades if in loss during a volatile market period.

Those who manage risk, will always use a reasonable risk percentage on their trades. They won't think about the earning is low or things like that. If they are consistently profitable then it will eventually increase their income.

The main target of a trader is to make profit and how he or she does it, that depends on him or her. And for that any method can be used.

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All of those emotions are related and one leads to another problem. So traders should set boundaries for themselves and try not to cross it.

For scalpers low spread and good execution speed is necessary. If these 2 conditions are not met then it will be difficult for a trader to prosper.

This reminded me of my early days and I can relate to it. Keeping losing trades for long time and closing trades with real profit due to emotional problems. lol

Ohh I see. I guess coding on this platform is a bit difficult then. P.S. I am no coder. :D

Hi NCDindia, added the .ex4 file. :)

Agree with @radex, Overconfidence will harm a trader. But if someone is showing his overconfidence then it is also good in my opinion. That way others can point her mistake and she can work on not being overconfident.

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I set my stop loss where I think price won't reach. After determining the number of pips I calculate pip value. But always keep risks under control.

I totally support this. But since we are discussing, there are other ways and not everyone can trade the market and make profit. So there are options.