How do I trade Forex?
- Thread starter tradingacct1
- Start date
Quite apart from the fact that it's Profiforex (
Success in competitions, and what you learn from them, are as diametrically opposed to sensible, profitable, successful, long-term trading for a retail trader as it's possible to get: retail trading is all about prioritising risk-management over profit-maximisation, while competitions inevitably reward the exact opposite.
It's hard to imagine anything more counter-productive to "learning to trade".
I know they look attractive and fun to take part in, but actually they also inculcate terribly bad habits and outlooks; they have their emphasis on completely the wrong features which aspiring traders should be learning to avoid, and they can truly be damaging to an aspiring trader trying to find their way towards profit.
i think good for seeking opportunity take part in contest demo with prize, beside can learn free also having opportunity to become winner, usually expert trader also using opportunity to backtest system and strategy with demo contest
This is absolute nonsense.
No "expert traders" would dream of entering a contest run by a counterparty market-maker in an attempt to attract the gullible future clients their business model depends on trading against. And only someone associated with such a "brokerage" would be incentivised to suggest it.
There are lots of ways of trading through Forex, but for any way you need to obtain the required knowledge first.
no body could've said this better,,,, 100000 percent agree, at the end of day,, whether u trade forex futures or stocks its all same shit,, at least if ur technical,,, its all percent moves and the amount u make or lose is that percentage times ur positions size in dollars, end of story
surprising even how many professionals and seasoned traders swear that one market is better than the other
Different instruments have different behaviour, in terms that some are more range-bound than others and things like that, so people who prefer that sort of behaviour find it easier to trade them. That said, one trades range on one instrument the same way they trade it on another instrument, there's no difference there.
Thank God you took the trouble to point this out, otherwise nobody would ever have suspected it at all.
Your posts lend a whole new meaning to the expression "trite generality."
Exactly! If I were to show someone a chart of a currency pair and a commodity futures chart and told asked them to tell me which is which, they wouldn't be able to.