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I have not traded stocks but forex trading is easier than stock trading in my opinion because we have flexibility of timings and there are less effects of rumors in forex markets as compared to stoch market.

I am using a SL of 50 pips when I used to trade the 1 hour and 4 hour time frame. On daily time frame I used to set the SL based on previous high or low.

I used to think that we can make a living from forex even if we do it part time but now I am feeling that it is not possible because I am almost out of trading since I started my real job.

Any specific logic or reason why you thinking to go long.

It is recommended that keep away your anger anxiety and tensions in trading .We should not think market should move like we want .We have to walk with market to get our targets. I skip trading in anger . with cool mind start it again .

To overcome fear you should trade in low lots . You will get little profits in trading if you loose your loss will not effect badly to your capital. It will develop confidence to face market . You will then know how to manage trades with risk you are taking on any position.

It is possible to have high profits with big lots. As much we take risk there will be a chance of high return . We need to see both sides of picture. It may be a great loss or profit when we trade in forex. So remember your risk management plan while deciding about betting high.

Some people use trading all the time . It is not good practice . they should set a target to get profits , after it close trading .You can just watch market . Market is open 24 hours it does not means we should trade again and again all the time . Avoid over trading it can make you sick.

Yo can make money from forex trading as per your investment and trading abilities . If you had a good control on your emotions and skill to manage your amount you can get sufficient amount as profit. An average careful trader can make 10% to 20% monthly return.

I withdraw my profits regularly . Normally I do not compound them in my capital. I am not a professional trader . may be I loose my profit in next trade so I want to enjoy them instantly. I monthly collect more than 100$ profit .

Money management is important with it we can manage our low accounts to get some profits from it. Traders without management techniques can not make safety of their big account s . they loose a lot in market .

I believe smooth victories in forex market , It is the safe way to grow your capital . We can slowly grow our capital it will make us confident we we regularly get profits . High risks can put our capital in danger there is no guarantee or security for our amount.

In a single trade your risk should be limited to half percent. You will not face a big loss with this practice. Your profit will be a reward for your good trading it will be certainly low but is better than loosing a big amount in taking high risks.

Your trading should be according to your capital . Lot and leverage decisions are important , Choose appropriate lot stop loss and take profit to set on desired pips.If you trade big with low capital it will vanish your account.

We can improve by doing practice on trading . Demo and real both practice make us sharp , improves learning and give us experience. We can be more skilled with experience. I find demo practice valuable , it not involves our actual money .

Stop loss and hedging are effective in different situations Stop loss help us to protect account from bigger loss . In hedging we can recover some loss if it is placed at proper position.Stop loss is easy to use and hedging need some experience and certain position of trade.

Yes you can say it is guessing of market trend . May be it come true or not. We analyze market to do trading in a direction where we can find profit . But all the time our guess is not exact . hat is why we are in loss.

it is not necessary that you win all the time 2% daily profit. You can loose more than this amount on daily basis. I observe even after good trading we face loss and just profit is in our pockets . You can not compound daily .

I am not totally fail at trading . I am a looser of many times. My reason for loss is some weakness in risk management and market analysis. When I put an order it goes to loss . I hardly save my trade . Some times I get good profit too from trading . I will recover this weakness soon.

Get knowledge of forex market Do trading practice on demo for several moths. Try to manage specific amount in a limited time period. Control on your emotions and do trading in planned way.