I would say buy a 9-5 job.Originally Posted by ;
Short or long positions don't affect in losses or gains. You can make or lose money with both. You can do the same like me by trying it in DEMO accounts, particularly I favor the brief ones, it seems that the trader learns faster along with his strikes and wrongs.
One thing for sure, to get new comers that the best thing to do is keep trading presentation and keep on studying, I know that it can be annoying as you will not be earning any money doing deo, but thats the first step to avoid falling with at the 95% of traders who failed.
Yes trading that the trend is okay, I also recomend that you try different trading systems, different trading methods, and try them out on demo, slowly you'll have a good picture and you'll have the ability to produce your own trading method/system which suits you. and best of luck.
Common Guys get real!Originally Posted by ;
I am amazed that account size hasn't yet been cited as applicable to time frame traded.
From my limited experience, it would appear that blindly trading TFs state 1Hr and above with a minimum account of about $250 will be quite unlikely to hold out against the typical drawdown that would happen.
This leads into the second vital fallacy. . .Demo accounts. Certain egies would be OK on demo, once the plogical part is completely absent. Could be very tough to sustain runs that are similar onto a live account.
So to me it would appear that using minimum lots on a live account will actually focus the mind and speed up the learning.
EP
What do u guys think about my egy?
Subscribe to 10 free signs service. Try them on demo account to get a 2 months.
Following the 2 months. Decide on the top 3 most profitable signal service and utilize them live accounts.
Can somebody tell me exactly what the weakness of the egy?
Due
I agree with Mike, and continue using your demo for better practice.Originally Posted by ;
Yes I agree with the two, notably longer timeframesOriginally Posted by ;
Take a go through all the sticky beginner information here. Make sure that you learn proper MM!
Best of luck on your journey
Mike