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Do u trade under strict rules?

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Jun 06, 2013 12:25 am
#1
ironical User

Messaggi: 734
Member since: 22/04/2011

Sometimes I wonder who would trade under strict rules with their own money.

I can think of only two reasons why a trader will trade under strict set of rules.

1- Someone superior is supervising and/or instructing.

2- Trader's skill level is at a point where he is unconsiously perfect.

Type 1 trader knows that he is trading under a defined set of rules and if he breaks a rule, supervisor or instructor will know. There is always a feeling inside these traders to trade freely so whenever they r set free, they take risks and try to experiment.

Second type of traders are actually Pros. They do trading as profession. They do not have a feeling of trading under set of rules but they r actually doing it. So they r unconsiously following rules. They do not have a feeling of "bound by rules" which gives them edge over those who have this feeling.

 

In my opinion two things can take u to Pro level. One is time given to trading and second is how serious you are about trading. With the passage of time you will increase ur skill level if you r serious about trading.

The good or ill of a man lies within his own will. – Epictetus

Jul 04, 2013 11:09 am

Messaggi: 64
Member since: 17/05/2013

No one likes to lose his money, that's why all traders should think good about their decisions, I would go for the auto-trading if I don't have enough experience so I won't lose my money.

http://www.fxstat.com/widget/link?t=tiny&c=7&s=28807&o1=growth&o2=drawdown&o3=monthly&o4=equity

Jul 07, 2013 08:15 am
ironical User

Messaggi: 734
Member since: 22/04/2011

Originally posted by ZenaImderis

No one likes to lose his money, that's why all traders should think good about their decisions, I would go for the auto-trading if I don't have enough experience so I won't lose my money.



Exactly. A newbie should go for a reliable autotrading service. He can practice on demo if he has time and at the same time he can make money by following top traders.

The good or ill of a man lies within his own will. – Epictetus

Jul 08, 2013 02:02 pm
illiterate User

Messaggi: 561
Member since: 21/04/2011

Originally posted by ironical

Sometimes I wonder who would trade under strict rules with their own money.

I can think of only two reasons why a trader will trade under strict set of rules.

1- Someone superior is supervising and/or instructing.

2- Trader's skill level is at a point where he is unconsiously perfect.



Maybe "skilled" is more appropriate than "perfect" because perfection is not possible in forex. 

https://www.fxstat.com/widget/link?t=medium&c=1&s=25892&o1=growth&o2=drawdown&o3=monthly&o4=equity

Jul 09, 2013 07:57 am
Jogi User

Messaggi: 685
Member since: 06/06/2011

Beginners can never trade under strict rules. At the same time most beginners want to earn $$$ as quickly as possible. The only way to earn and learn at the same time in forex is to diversify ur money through autotrading and then open a demo account for practice. This has been discussed many times and I think this is the best way atm.

http://www.fxstat.com/widget/link?t=wide&c=1&s=26883&o1=growth&o2=drawdown&o3=monthly&o4=equity

Jul 12, 2013 11:28 am
ironical User

Messaggi: 734
Member since: 22/04/2011

Originally posted by Jogi

Beginners can never trade under strict rules. At the same time most beginners want to earn $$$ as quickly as possible. The only way to earn and learn at the same time in forex is to diversify ur money through autotrading and then open a demo account for practice. This has been discussed many times and I think this is the best way atm.



Exactly. Autotrading has made it much easier for newbies to learn and earn at the same time. 

EA scamming times are gone. Even PAMM is no more popular. Autotrading has changed the trend. It not only gives u a range of best trades but also gives u option to invest ur money with different top traders. 

The good or ill of a man lies within his own will. – Epictetus

Jul 14, 2013 03:33 pm

Messaggi: 1
Member since: 14/07/2013

yes i can trade under sticky rules.Beginners can never trade under strict rules. At the same time most beginners want to earn $$$ as quickly as possible. The only way to earn and learn at the same time in forex is to diversify ur money through autotrading and then open a demo account for practice. This has been discussed many times and I think this is the best way atm.

Jul 15, 2013 05:19 am
Sasha User

Messaggi: 836
Member since: 16/05/2011

Originally posted by usmanshakh14
yes i can trade under sticky rules.Beginners can never trade under strict rules. At the same time most beginners want to earn $$$ as quickly as possible. The only way to earn and learn at the same time in forex is to diversify ur money through autotrading and then open a demo account for practice. This has been discussed many times and I think this is the best way atm.


ohh really? Isnt it good to post ur own thoughts instead of copy-paste?

Annoying[angry][angry]

Jul 17, 2013 04:49 am

Messaggi: 2
Member since: 16/07/2013

yeas i trade under stris rules

Jul 25, 2013 01:44 pm

Messaggi: 10
Member since: 25/07/2013

yeah dear o course i am trade with rules because if trader break trading rules then i don't think so that those trader earn money in forex because rules are very important in forex market

Aug 02, 2013 03:13 pm
forextip User

Messaggi: 18
Member since: 29/07/2013

Strict rules are not my style because I am still trading part time and you cannot apply strict rules while trading in this style.

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