I didnt get to trade much last week so im ready to get back in the action. How is everyone feeling about the market this week? Anything strike anyones eye for this week?
I’m feeling fairly confident, but feelings can override your logic if not managed properly. Something that was taught to me, was to trade in the direction that the price has moved in the past hour to increase probability of desired price movement. Another thing I like doing is using pending orders as a form of trigger to buy during upwards movement in price, and to sell during downwards price movement. The averages and indicators and such can be helpful, but keep in mind that the price is the most important indicator that you use. Price is an input to all those complex math formulae that some traders are convinced that they need.
Hi there guys. Well i started my first demo trade last night and it was just going great. I earned like 270 pips, which i sold for 1 dollar. It was so cool, I was very excited. Now, today was not the great day, I did a couple of trades and in all of them lost, but you know what they say, “Not every day is a good day”. I just hope later tonight to make some profitable trades.
Take care everyone.
I’m going, not good not bad, just going. Had some big losses and few good moves, I hope it gets better on further days. But there’s no tendency on the market right which I can get. It’s too messy. Talking about demo trading, actually.
Take care, happy trading.
I bought 1lot EUR/USD on 22nd Oct and now I’m 240pips in profit. This is my first trade on a demo account with 1,000$. People were telling me to sell it to lower my losses but I didn’t because I knew it was going to rise again so I just left it as it is and continue to watch the status every day.
I actually finished BabyPips and fired up Metatrader and I thought I’ll make a trade just for fun not looking at any indicators. I said to myself it’s going to get up again so don’t worry and today I’m in plus. It’s a demo and I know that was a very stupid thing to do not to look at indicators doing a trade “just like that” and I’ll never do that again but I feel good about making some virtual money.