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Forex day trading
- Thread starter ngn
- Start date
Univitedguest - As far as leverage, you have a choice, but my suggestion is you try a demo in real time and see if it works for you. Forex gives all the tools for you to win or lose.
Trade one lot, $100,000 and see how many pips you can take down, and the other stat is your number of winning trades vs losing.
Don't venture with real money until you are above 50%.
The ideal situation is you sit with someone who has been in Forex 2 years, at least, and I mean sit right next to them and watch, what they do.
My opinion is you cannot learn to trade from a forum, or software, or a book, you need a mentor.
This forum is good for an exchange of ideas, but you cannot learn to trade from a Blog.
Trade one lot, $100,000 and see how many pips you can take down, and the other stat is your number of winning trades vs losing.
Don't venture with real money until you are above 50%.
The ideal situation is you sit with someone who has been in Forex 2 years, at least, and I mean sit right next to them and watch, what they do.
My opinion is you cannot learn to trade from a forum, or software, or a book, you need a mentor.
This forum is good for an exchange of ideas, but you cannot learn to trade from a Blog.
Here is my personal risk disclaimer: No one ever lost money in a demo account. Learn how to trade then use a sensible risk management plan.
Since I'm not a Forex Broker you should contact one and learn how risk works. Your risk is the amount of your stop loss times # of lots divided by the amount of deposit per lot.
Bottom line: It is very risky. Please don't do it. You could easily lose your rent money.
I'm not interested in being a commercial for Forex or a missionary to convert people to believe simple facts. Don't understand half the Yiddish words in some of the posts or the objective of trying to discourage people. On other forums about Forex I see people discussing their daily trades and having success. Why does this one seem like Forex hell half the time? I'm not sure what the agenda is but for those who actually trade you understand what I'm saying. I'm not sure what grinding buckets or swimming in deep water is all about but these buckets of money are buying my new house.
Why would people who don't believe Forex trading works be in this forum? It's a mystery to me but it is clearly the work of the dark side. Just send them happy thoughts and they will go away because it burns them. Meanwhile Happy Trading to you all!
Since I'm not a Forex Broker you should contact one and learn how risk works. Your risk is the amount of your stop loss times # of lots divided by the amount of deposit per lot.
Bottom line: It is very risky. Please don't do it. You could easily lose your rent money.
I'm not interested in being a commercial for Forex or a missionary to convert people to believe simple facts. Don't understand half the Yiddish words in some of the posts or the objective of trying to discourage people. On other forums about Forex I see people discussing their daily trades and having success. Why does this one seem like Forex hell half the time? I'm not sure what the agenda is but for those who actually trade you understand what I'm saying. I'm not sure what grinding buckets or swimming in deep water is all about but these buckets of money are buying my new house.
Why would people who don't believe Forex trading works be in this forum? It's a mystery to me but it is clearly the work of the dark side. Just send them happy thoughts and they will go away because it burns them. Meanwhile Happy Trading to you all!
Quote from agin1415:
Univitedguest - As far as leverage, you have a choice, but my suggestion is you try a demo in real time and see if it works for you. Forex gives all the tools for you to win or lose.
Trade one lot, $100,000 and see how many pips you can take down, and the other stat is your number of winning trades vs losing.
Don't venture with real money until you are above 50%.
The ideal situation is you sit with someone who has been in Forex 2 years, at least, and I mean sit right next to them and watch, what they do.
My opinion is you cannot learn to trade from a forum, or software, or a book, you need a mentor.
This forum is good for an exchange of ideas, but you cannot learn to trade from a Blog.
I have a real Forex account and I know the RISKS of trading Forex.
What "ideas" has MountainTrader come up with? You seem to like his posts.
I didn't realize I was responsible for coming up with ideas about Forex. I am open to hearing some good ideas myself.
Since this is a forum about Forex Trading please share your good ideas about the subject. I am here as a student myself.
If it is a Forex slamming site, sorry my mistake. Oops! Nevermind, as Rosanna Rosanadana would say.
What's all this talk about endangered feces?...
Have a great weekend! I need a break from this kind of inspiration.
Since this is a forum about Forex Trading please share your good ideas about the subject. I am here as a student myself.
If it is a Forex slamming site, sorry my mistake. Oops! Nevermind, as Rosanna Rosanadana would say.
What's all this talk about endangered feces?...
Have a great weekend! I need a break from this kind of inspiration.
Quote from TGM:
The market environment in forex is prime for a lot of trading. The range in EUR and GBP make them both some of the best daytrading vehicles on earth. With the forex you got the range and the volatility and can move plenty of size.
And yes MountainTrader is correct. You can do well of the bat. It is a lot easier if you pick the right market. Congrats--Mountaintrader.
Who in the hell gives 400:1 leverage? I have never heard of anything like that.
fxsol
+ they give Int
GL