Do u trade under strict rules?
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
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.
Originally posted by ZenaImderisNo 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
Originally posted by ironicalSometimes 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.
Beginners can never trade under strict rules. At the same time most beginners want to earn $$$ as quickly as possible. The only way to earn and learn at the same time in forex is to diversify ur money through autotrading and then open a demo account for practice. This has been discussed many times and I think this is the best way atm.
Originally posted by JogiBeginners can never trade under strict rules. At the same time most beginners want to earn $$$ 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
yes i can trade under sticky rules.Beginners can never trade under strict rules. At the same time most beginners want to earn $$$ as quickly as possible. The only way to earn and learn at the same time in forex is to diversify ur money through autotrading and then open a demo account for practice. This has been discussed many times and I think this is the best way atm.
Originally posted by usmanshakh14yes i can trade under sticky rules.Beginners can never trade under strict rules. At the same time most beginners want to earn $$$ 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]](/themes/default/images/smiles/angry.png)
yeas i trade under stris rules
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
Strict rules are not my style because I am still trading part time and you cannot apply strict rules while trading in this style.