Personally you can’t make money here without enough knowledge! But, you can take automatic service as like PAMM. Although it’s very risky to depend on others.
According to me, I am a full time trader; although I started as a part timer! Gradually I have increased my trading session based on my live trading performance; yes I am happy on my monthly return.
Mate, Forex is my main course of income; this is why, there is way with the non-regulated Forex broker. Because, I see only regulated brokers are able to provide 100% capital security with the top-class trading environment.
EURUSD, GBPUSD, CADUSD, NZDUSD, GOLD and GBPJPY; yes I use these 6 trading pairs in my live trading account, right now I have no additional plan on others trading pair.
Please make a trading chart, according to you plan! I was in the same problem as like you; but now I am not making same mistakes again & again, because I don’t take any decision instantly unless that trade follow the terms & conditions of my list properly.
Yes, no doubt pro traders also losing money here but the important point is, they can recover their losing trades so quickly. Since they follow the terms & conditions so honestly.
I have almost 7 years trading experience but till now I use the demo because of updating my trading strategy, really there is no alternative. Demo saves our money & mental pressure.
Exactly, I also started my live trading with the cent account after my demo. Because, emotions plays a strong role here, and gradually I have learned how to control emotions & greed in the live market.
I really liked your idea; suppose if a trader uses 1% risk reward ratio, that means he needs to face consistent 30 SL’s to face 30% damage; that’s the real advantage of working with low risk reward ratio.
My suggestion is to all new traders; please be logical; if you are making consistent money in your demo minimum for 3 months, only then you can rely on Forex. Otherwise not, remember; there is no certainty in Forex.
I think so. MM is one of the most important pillar here! I see, all of pro traders follow the MM rules so sincerely while the greedy traders want to make money here so quickly.