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- tianxingjian replied Mar 17, 2016
Always be careful about risk, setup stoplost and lower spread, maybe miss some opportunity that make higher profit, but also make me more safe.
- tianxingjian replied Mar 17, 2016
Forex trading is not hardest game, any investment game is dangerous and high risky, but also high profit. Actually stock and gold trading are same dangerous.
- tianxingjian replied Mar 16, 2016
I want to know something about trading mind, because overconfident or opposite direction is very difficult to be defeated. I have seen too many people fail because of bad trading mind.
- tianxingjian replied Mar 16, 2016
It depends on different brokers, not all broker just want your commission an don't care about your lost. If one broker want to make long term business, it try to provide fair and high efficient trading environment for traders.
- tianxingjian replied Mar 15, 2016
If you are 100% confident about your trading strategy, maybe you can borrow money from others. But it should be 100% confident, otherwise forex trading is high riskly, that will destory your life.
- tianxingjian replied Mar 15, 2016
It depends, if your trading strategy not work or always lost, you should adjust your trading strategy, such as if you are not suitable for long term trading, you can change to sclaping.
- tianxingjian replied Mar 14, 2016
The profit really depends on individuals, I know many people become rich start from small funds, such as hundreds dollars, but meanwhile many people have lost all their money, so that's the story.
- tianxingjian replied Mar 14, 2016
Demo account trading provide one free practise opportunity before you deposit real money on trading. But it should not take long time, because you may perform better for free trading, that's not good for your future trading.
- tianxingjian replied Mar 10, 2016
Newbies must be very careful about risk control, it's very easy to lost all money within short time for market movement, I always suggest leverage should below 1:100.
- tianxingjian replied Mar 9, 2016
There are no best broker available, if one broker could provide reasonable spread, fast withdrawal, and high quality customer service, that's a good broker.
- tianxingjian replied Mar 3, 2016
I prefer lower leverage, high leverage will change your trading mind and disturb trading plan, general speaking 1:100 should be normal leverage, but high leverage should be suitable for small funds.
- tianxingjian replied Mar 2, 2016
Everyone just grow from newones, the largest problem for newbies is trading mind, forex trading should be long term business, and target should be obtaining constaint profit. I suggest to start from lower leverage and small funds.
- tianxingjian replied Feb 29, 2016
I don't think common traders can get rich quickly within short time, forex trading is high riskly, especially for stable long term profit. The most suitable strategy should control risk and take stable profit.
- tianxingjian replied Feb 26, 2016
Yeah, forex trading is high risky, risk control should be top important for new ones, if without stoploss or higher leverage, that will be dangerous for trading.
- tianxingjian replied Feb 25, 2016
I think the lost should less than 50%, if more than that, we should stop trading and reconsider trading strategy and risk control plan.
- tianxingjian replied Feb 22, 2016
I always use stoploss, it's necessary risk control plan for forex trading, especially there are too many sudden events around the world now.
- tianxingjian replied Feb 18, 2016
The traders who never give up, have good mind, always reconsider their trading strategy, perform risk control plan and keep learning, if you want to make real money, the above mentioned should be necessary.
- tianxingjian replied Feb 10, 2016
I agree that, forex is high risky, so strictly risk control plan should be conducted, I always suggest lower leverage, normally should below 100, stoplost and short term are helpful.
- tianxingjian replied Feb 4, 2016
10% per month should be very good results for general traders, but I think risk control plan should also be strictly performed. If continuous 10% per month, you should be be prefect trader.
- tianxingjian replied Jan 21, 2016
Stop loss is absoultely necessary in forex trading, especially this year, we have saw too many politic events, forex market is easy to be affected.