5% - 10% profit per day trading

Status
Not open for further replies.
Hi! I'm new. I've seen your comments and I really want to get money, but I don't want to lose mine!!!! What I do not understand is how long time I have to be trading and ... Do I have to be online working on it every day? Can I lose too much money? I don't wanna so!:confused:
 
Quote from Sabrymar:

Hi! I'm new. I've seen your comments and I really want to get money, but I don't want to lose mine!!!! What I do not understand is how long time I have to be trading and ... Do I have to be online working on it every day? Can I lose too much money? I don't wanna so!:confused:
More...

Based on what you have said I would say do not even think about trading. It is one of the hardest things to do and well over 90% of all those who ever try end up losing money. First thing you have to do is spend a couple of years leaning the market while trading very lightly.
 
Quote from MJUK:

Based on what you have said I would say do not even think about trading. It is one of the hardest things to do and well over 90% of all those who ever try end up losing money. First thing you have to do is spend a couple of years leaning the market while trading very lightly.
More...

agree with mjuk. it takes 2-4 years to understand the markets and overcome the emotional issues. there are a few exceptional traders on here and on other boards who master trading in 6 months. but for the average joe 2-4 years is what it takes.

i dipped my toe in forex in nov 06 and only now i have a degree of confidence to start upping my risk.
 
Quote from Sabrymar:

Hi! I'm new. I've seen your comments and I really want to get money, but I don't want to lose mine!!!! What I do not understand is how long time I have to be trading and ... Do I have to be online working on it every day? Can I lose too much money? I don't wanna so!:confused:
More...

I'd recommend just sending it all to me.
 
Quote from coolshades:

porph do you still trade the brent and dow primarily?and use the same system on all instruments?
More...

Still trade brent and dow with addition of some major fx pairs.

My system is still in effect, a short term swing trade/scalping system but I am always looking to improve it as well as my money management system.
 
Quote from Sabrymar:

Hi! I'm new. I've seen your comments and I really want to get money, but I don't want to lose mine!!!! What I do not understand is how long time I have to be trading and ... Do I have to be online working on it every day? Can I lose too much money? I don't wanna so!:confused:
More...


ALoha mate..

K 1stly if you do this all day everyday for about 4 t 6weeks you will by thne have learnt all the basics about S&R, reversals, trends, the fundamentals, the lingo and terms, how to read charts in seconds... :)


The actual physical actions of trading are very eay to learn and you will pick them up fast.



But the pyschological side of being able to not cash in trades too early when the market is going in the direction that you are traded in,
being able to handle working really hard but losing money after it all,
being able to sit staring at a screen with a line moving very slowly all day but being able to keep focus and not get in too early but not being too wimpy and missing trade opportunities...

That can take 9months, can take 9years. :/


You never ever ever can actually be 'in the zone' so you dont have those problems, just act like a machine,
but every month you gain more and more confidence and and feel more stable doing it. :)
 
Status
Not open for further replies.
Back
Top