I have observed that my trading ends at a loss most Fridays. Have tried to stop this but still struggling. What must be the way out. Please help.
Please provide details and examples. What type of a trader are you? Do you day trade or swing trade? Are you a technical trader? Can you share some information on the trades you’ve lost?
How many months you tried with demo? And how many trades?
I am a newbie and have been on demo for six months now. Please help and help me. God bless.
How about stopping to post ■■■■ and maybe you’ll get some help (I’ve seen your other posts).
The dude above @Peter_Siddle asked you some questions and was prepared to try help and you answer THIS (the above)???
Hello Abe; I think only 6 months isn’t enough to learn Forex! Again how many trades you made in demo? It’s important to know; because I guess you judged your trading strategy too early!
There are a lot of websites about it, plus there is such cool thing as mirror trading.
Stop doing the same things over and over and expecting a different result. Spend a day thinking about what trading really is, why most traders lose, and what you can do differently than what you are doing now to win. Shift your thinking about what it takes to win and it will start you on the path to winning. How you think about trading is more important than your strategy. If a new strategy or indicator was the answer there would be alot more profitable traders walking around.
Profit generation is one of the main theme of forex traders. But only target for profit can’t help any trader in random basis. Each trader requires to trade with different trading strategies so that they can achieve the profit with strategic manners. However, only generation of profit and its expectation can’t help anyone. Every trader must provide complete attention on how they can perform their trading strategies in expected level to achieve the trading goals.
So you opened your live when you were profitable in demo; isn’t?
Its simple track your activity on trading. see history and try to know what you did good and bad inlast trading. Whenyou learn lesson from your trades even loss willteach you many possitive things that you will avoid those flaws that cause loss. As much possible you can manage your accounts with your hard work to imporove trading.
I think; only popular forums are useful instead of Forex related 3rd party websites!
If you want to improve your trading performance, you should start with proper analysis of all your trades. At first, you should export all your trading statistics to the document (e.g. Excel sheet), define the most important criteria and use them to analyze your trading. You need to find the situations you perform best and try to multiple them. Then you will have to create a list of most popular mistakes and set rules that will help you to avoid them in future. Actually, there are only two lists: useful things to multiply, wrong things to avoid.
Another important point is journaling trades. Of course, almost all borkers give possibility to download trading statements, but when the trader has his own trading journal, he can add there more useful information that he needs to make analysis in future. For example, he can add column “Strategy name” and then compare the performance of difference strategies. It could be also important to add information on entry point details reasons to exit the position. At the same time, one should avoid adding too many fields to the trading journal otherwise it will take too much time to fill them all, so the trader will suspend doing this at all. It is necessary to find the balance, an optimal number of fields providing the most important information on each particular trade.