Before when i made few consecutive losses, it made me upset. But now i got over it. Now if i suffer few consecutive losses then i accept it and go according to my plan. Don't get restless to recover my losses as quickly as possible.
Well everyone who is serious about trading, trades with a plan. So according to their plan opportunities can be a few or lots in a certain time period. In the end what matters is whether one is getting profit and a desirable amount.
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Be careful. When trading with dealing desk brokers your profit goes against their interest. Because they make profit from your loss. And won't be happy if you win too much.
$200 to $300 monthly from $1,200 is not a bad return. If that is true that many will be interested in investing in that trader. But no information is given about that trader who can bring this much return and not so popular.
In trading one time loss is natural. No one can make profit all the time. It is not something to be judged. In PAMM account many investors keep their eyes on one account which puts pressure on a trader who is trading on that account.
If one receives too much investment in one PAMM account then the trader may have difficulty in managing the money. It can be one drawback of PAMM accounts.
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If one has a trading plan that works for him then it is possible to make forex the main source of income. But to be safe it is suggested to have another source of income because things can go the wrong way in future.
Education does not help one in earning. Even one who does not have education can make profit by chance. Many forex traders know the basics of trading and have completed forex schools. The factor that helps one to make profit is how the trader develops himself.
Well i am not yet earning enough to satisfy myself. I have a target and when I will be able to achieve that then i can be free of tension and can work on a more stable strategy.
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Can't say if Elliot wave is good or not. But news is a good option in my opinion because during high impact news price moves quickly and a scalper can enter and exit quickly with profit.
One problem with beginners is they want the hot stuff. The think using real money is enough to get more profit. They don't want to listen to anything else until they loose money.