I hope you can help me about Forex b’cause i wana be a profesional trader and write in my homepage about Forex market and expieriance in it.
One advice: Don’t make any expectations.
Regards.
agreed. also it sound like an ego driven reason more than a logical/reason based reason. Ego has no place in trading.
I know that Forex isn’t easy, but I’m ready to learn it.I don’t expect that I’m gone be proffesional in one day,its need a lot of practise and time.Yes, it is liltle bit ego,but if I start to do this, I do that well.
Just become an ice pack, emotions are bad, all emotions, happines included. That is why many traders have Spook as avatars or some have Roy (the replicant in Blade Runner). Learn to tame emotions and learn how to lose less. Trading is not about winning, it is about not losing, it is about losing just a small amount of your funds. If you manage to survive first then the income will come by itself.
Regards.
Thanks for this words what you write MR.Gone, but how can you lose emotions when you put your last(just example)money.
Its a big risk,not garanty that you won.I think(just me,maybe its wrong)that there is lot of emotion.
Don’t put your last money in forex. Simple as that. Get a job. -.-
:)good words SagiCZ. Few weeks I’m study Forex market basics,brokers and realize that I want get in this thing hard.
About last money,it was just a example:)
tWell, it is really hard to explain. To make it easy for you, first learn risk managemt and how to calculate stop loss levels and how to put it in MT4. Never leave a trade unprotected, never. Then study forex. We all did it backwards, the results, painful pain. If you are psicological prepared to lose all you have deposited (belive me it will happen) then you can trade. When you finnally lose all your funds please don’t cry like a baby, it just won’t do. It has happened to all of us. So the big question is if you will lose your first acc, how much it will be?
Any of this have much sense for you now, but it will, eventually.
Regards.
The real trick to this, and this is not something you learn without a lot of ‘screwups’ in the beginning, is that you have to and absolutely must [B]accept[/B] the risk involved in each trade [B]BEFORE[/B] you open that trade.
Simply knowing you will be just fine after taking the loss, will give you excellent emotional clarity to carry out your trade management plan flawlessly. All this planning and preparing is taking the glamour out of trading, ain’t it? Well I hope it has
This is a professional arena, be professional, or risk getting beaten by a real professional.
but good luck, it’s not impossible after all :41:
can you more about stop loss levels,definition?
Thanks!!
You need to study, a lot. Stop Loss is the order where you want your losses be cut. It is your shield and your armor and your sword too. Read all babypips school section, i mean all. Forex is not as easy as you might think, if you bought a course of “become rich with forex”, well, that is far away to be true, beleive me we all swallowed that story.
Summary: [I][B]Stop Loss are mandatory, you don’t go to war without the basic training and without a gun.[/B][/I]
Regards.
Example please.