Conversation with a trader - page 15
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About the myths about DCs. Don't feed the kitchen companies... Trade with ECN brokers. True, the minimum depo from 1000 dollars.
And brokers will thank you for the commission on your trades and will give you the profit.
You listen to everybody, there is not a single profitable trader.
For me Forex is my main income now. I invested the money I earned in my car service. I have not become a millionaire yet. But it is possible to make money on Forex. I lost my deposit more than once, but I was smart enough not to keep all money in the account. Margin call for me is like a stop loss. I have never been on a stop loss, only a bit worse.
In the casino people go hoping to win, not to play. When you refer to Forex not as a source of adrenaline, but as a source of income, you will succeed. Of course it would be nice to practice on demo first and see the results.
MLM companies hold seminars. Group leaders talk about their success. And believe me - these are ordinary people. They just worked, they saw a goal, and they succeeded. And the goal of these seminars is to LEARN people with the idea, "If someone did it, I can do it, and even more." Ambition and the desire to achieve something can do wonders!
The interview is very useful in terms of psychology.
Another ... "leader".
Your DC's PR counts.
Auto Service :)))))))))))) .... Make some money for paid hosting first, at least.
1) Choose an ECN broker <- a useful tip.
2) Choose a market you feel confident in (flat or volatile).
3) Observe the rule (stay in the game), too risky balny lot, otherwise after opening will be nothing, and do not be greedy, took a left, come tomorrow, take another leave, as you accustom yourself to the rule of 1 transaction a day, a reflex is developed, then you can do two runs, even if there are losses do not try to get even, and depart from the rule, sleep well, tomorrow start all over again, before that analyze what you do wrong.
Rules for beginners on a real account:
a) 1 trade per day, 5% of your deposit.
b) 1 point profit.
c) if profitable trades from loss-making ones exceed 50% during a week, move to 2 points profit, after a week you worked it off, if your profit increases, increase it by 1 point. When you reach 5 pips, you can make 2 trades a day. 1st trade 5 point profit, 2nd trade 1 point profit, when you bring the profit of two trades to 5 points, then in the same order add 3,4, etc. positions a day, if you start to lose, go back to the starting point to point a and b. Why on the original because you played the game and no longer follow the rules. You need to work out the reflex of dumping, no matter what you could have taken 1000 points and you closed taking just one point, you don't have to worry about that, you'll get there in time, kill your greed and you'll get it all ...
d) Use scripts to open and close positions (there's a lot of goodies in the code base).
4) If you trade on other pairs, always keep an eye on the EUR/USD, how it behaves.
5) Think of what side to open)))))
The 5th point is a trifle, I think everybody knows it))))
Another ... "leader".
Your DC's PR counts.
Auto Service :)))))))))))) .... Get some money for paid hosting first, at least.
in interbank trading itself there is not and cannot be such a thing as spread...commission...leverage....
DTs are just inventions completely similar to casinos... There are no such terms as spread, commission, leverage ... DTs are just inventions completely similar to casinos ... with similar morals ... rules and regulations ... but instead of roulette wheel, it's just a small (heavily filtered) stream of quotes ...
3) Observe the rule (stay in the game), that is, too risky balny lot, otherwise after opening will be nothing, and do not be greedy, took a left, come tomorrow, take another leave, as you accustomed yourself to this rule, 1 transaction a day, a reflex is developed, then you can do two runs, even if there are losses do not try to get even, and depart from the rule, sleep, tomorrow start over, before analyzing what you do wrong.
The rule of thumb for a beginner on a real account:
a) 1 trade a day, 5% of the deposit.
b) 1 point profit.
c) If profitable transactions from unprofitable ones for a week exceed 50%, go to 2 points of profit, a week worked out if profits grow, then increase the profit by 1 point. Once you reach 5 pips, you can move to 2 trades a day. 1st trade 5 point profit, 2nd trade 1 point profit, when you bring the profit of two trades to 5 points, then in the same order add 3,4, etc. positions a day, if you start to lose, go back to the starting point to point a and b. Why on the original because you played the game and no longer follow the rules. You need to work on your skip reflex, you don't care if you could have taken 1000 points and you only closed one point, you don't have to worry about it, you will get there in time, kill your greed and you'll succeed...
Funny, did you come to this by yourself or did you read it someone else's idea?
in interbank trading itself there is not and cannot be such a thing as spread...commission...leverage....
DTs are just inventions completely similar to casinos... There are no such terms as spread, commission, leverage ... They are just inventions completely similar to casinos ... with similar morals ... rules and regulations ... but instead of roulette wheel, it's just a small (heavily filtered) stream of quotes ...
First, the absence of the spread, enlighten the fool
First, the absence of the spread, make a fool of yourself.