A Few Tips

T

T-Bone Trader

I've traded forex for a few weeks now and would like new traders to be aware of the following so that they can avoid some of the mistakes I've made:


- please use more than 10% of your buying power available

- generate activity reports daily so that you have a good record of trades just in case there is a dispute

- do not overtrade

- learn how to navigate your trading platform on a demo before committing real money first

- make sure that your fx broker is well capitalized

- if you plan on trading lt timeframes, take small positions and big profits

- if you plan on trading st timesframes, take small positions and big profits

- again, do not use too much leverage buying power ! ! ! !

Good Luck!

Making money in fx is not impossible but I have to admit it is a bit more difficult than stocks or futures due to the bucketshop business model...

I'll be out of commission for sometime now but will definitely update the board if I make a significant comeback

Humble pie tastes very very bad ! ! ! !:(
 
I've decided never to feel bad about trading and blowing up

wanna know why ?

because I got million friends like you who tried this gig and failed. Failure rate is so high that there is nothing to be ashamed about :)
 
I have been ultra deep diving for few weeks and would like to give you few tips:

1. Don’t forget the thanks
2. Be aware of nitrogen narcosis
3. Make decompression stops
4. Mind the Oxygen toxicity

Now go get them.
 
Quote from T-Bone Trader:

I've traded forex for a few weeks now and would like new traders to be aware of the following so that they can avoid some of the mistakes I've made:
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Let me guess...you stayed at a Holiday Inn Express last night!

- make sure that your fx broker is well capitalized
More...
And just exactly how has this impacted you during your extensive career trading forex?
 
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