Loss, loss, loss and loss ! could one help me?

Beginner Questions
22

Since only trading daily candles and not looking for a risk reward of greater than 1:2 I am consistently making profit.

23

I’m sure you are using manual trade…
Manual trade is quite difficult guys, Just using EA and control it and you will get the return from it…
I also trade in forex but its never appropriate, the broker is Liteforex broker…My EA work very great with them…

24

[QUOTE=“ivanyo;621917”]You also need to develop a profitable strategy on a demo account, so that when you trade with your own money, you have the confidence that the system that you use is profitable.[/QUOTE]

I’m on it!

25

[QUOTE=“FTT59;621921”]Hello Here are some tips: 1. you need 2 top qualities: Patience & Discipline 2; write your own strategy on paper (do not copy other people), read it and apply it on demo first; Your strategy must be in tune with your personality. Learning to trade is learning to know yourself 3. Trade only if you have the right emotional state: the market is a friendly place , believe it! 4. Remember that trading is simple but not easy, you will have some losses 5. Keep your charts simple & clear, do not overload them with too many indicators 6. If you may, find a mentor and/or someone who has exeperience in trading to help you in your first staps Hope it helps Erik[/QUOTE]

I will ad:

  1. Patience, Discipline and Hard Work.

  2. Noobs, generally speaking, can’t create strategys by themselves. They lack a bit of knowledge, market experience, technical perspective… Maybe a few of them but probably a little percentage. In the beginnings I only trade strategys “stolen” from others LOL.

  3. One of the best tips ever. Your trading will go exponentially higher and faster, but probably the hardest one. Mentoring is such a great experience but finding a good teacher is rare. But again, totally worth the effort.

27

Great strategy , and also always notice and monitor every single news that have high impacts for market , and this usually happen in london session till opening newyork session

28

Great recommendation on the books, looks like some good reads. Thanks.