Yes, I do agree on your long time trading opinion. But personally I don’t like to use any trading indicator; whatever it is default or custom. For me, only price action and news analysis; a perfect combo.
Well said, yes that’s the general definition! But the problem is, it’s much complicated than the manual trading! That’s why, the success ratio is below the standard level in a long run.
But the reality is; we want more profit than our own trading skill. As a result, we face huge lose end of the day; no money management plan as well as for risk management.
Yes mate, I have also noticed, a number of new traders want to make quick profit; and they are trading with a unrealistic target like 100%-200% monthly return.
Mate, even I see a number of new traders invest their real money in the live accounts! And then, they suffer a lot! Unfortunately, most of the newbie’s are to hurry to make profit. They have no idea on the reality of Forex.
Agree with you mate, really it takes such a long time; since it’s a decentralized market! By the way, a good trader can earn enough money here since he/she can identify most of the good opportunities.
I have also seen a number of Forex traders lose their money so quickly because, they follow their greed & emotions! In this case, having a specific trading plan is very much important.
Thanks for your replay! I got your point. Whatever, I think for being a consistent trader; only little knowledge is not sufficient, traders need deep knowledge on the Forex market.
Same opinion from me! Really, I am also glad to the demo trading service! I see; a number of traders made their trading skill without any money by using the demo service! Till now demo is the best way of Forex learning.