If you can trade with money you can afford to loose, you will be fine.
Quadpips
Trading can become your full time income if you study long enough, and are humble enough and don’t get discouraged.
Wow, awesome thread dude.
I do not understand why you post this.
If you can read this thread with time you can afford to lose you will be fine.
Personally I think this is one of the golden keys.
Pip Devil I think that pic is the best response! LOL
if you have winning trades and avoid loosing trades you will be fine.
I see everyone is on ‘top form’ again this morning!!! ROFLOL!!!
Regards,
Dale.
If you can’t afford to have loose money, buy this one:
Simply words: If you have 20$ in a pocket you can buy beer or trade on forex. No matter, you will win or loose. It’s not big money.
But if you loosed a day 2000$ and you can’t afford to spend such money in regular day, you shouldn’t try to trade.
I know that. Everyone knows that. It’s common sense. That’s like telling us all that one plus one equals two. Well duh! No sh1t sherlock. Now tell us something we don’t know
I was being a smart a$$ but that’s better than being a dumb a$$
It’s just a reminder! Not all newbies know that. As you see it’s Newbie island thread not Forex Guru thread!
i think that what the guy means is that even if we have a 10k account if we risk like 20-30$ in each trade we would be find…
because we can´t lose forever, right?!?!?
the account killer is risk money we can´t afford to lose… in my point of vyew that means risk 50$ in a trade when we have a 100$ account
How much would you bet on that? I have 89 consecutive wins with one bot, but it could be 89 losses the same way. And what if any of your currencies defaults? I would not put 1 cent into any account what I can’t afford to lose. Frankly, I put into my account what does not make any issue if it’s gone. It’s already profit from other speculations. Expect the unexpeced …
Back to the original question…
Seriously…
I’d say, FOR ME, stock options provide a better “source” for “income”… Forex trading provides better “capital gains”…
That being said… start w a demo account, once you think you’ve got the hang of it there, then move to a small live account, and deal w the psychology of real money, then work your way to bigger and bigger accounts…
Good luck.
For gaining high profits on forex you should have not micro account. So, you should invest more than 10k $.
Investments are not a single pledge of success. Even deposit with more than 10 grands can’t save you from losses.