As long as you willing to learn more, the achievement of gaining constant profits is not impossible. Train your risk management and evaluate your trading history, you couldn't avoid any losses but you could minimize it...
Train your trading skills in demo account is a must if you're really beginning your step in this business. Some failed traders considering this business as money wasting machine because they traded recklessly in live account without any proper training in demo account.
Agree.
Personally, I combine MA with BB.
But it's back to the trader itself, they need to understand those indicators first no matter how much they're using...
That's the importance of demo account's existence most newbies should know. And so, demo account is useful for experienced traders to train and improve their trading system. So demo wouldn't be useless even if you're becoming an experienced trader.
You forgot one thing, trading psychology.
Before taking a step to live account, make sure your trading psychology is trained. You can't train your trading psychology in demo account, so the only way to train it is to make a small capital in live account and you'll feel the true gain of profits...
Same thing like I do in scalping. As long as your eyes on those candles, you don't need to use stop loss. But it's an optional thing when you're about to make a long term trading and you have no time to watch those candles (in order to prevent an unlimited loss)
Honestly, I'm still caged in demo account for months because I'm still looking for best weapons I'm about to use in real account. Trading in demo is like picking weapons that suits to yourself. My senior trader says if you're ready for a live account, better to start it first with small capital...
As long as no crucial news for the market, both signals and robot are useful to gain some profits.
About trading psychology, train it by doing some trades. You might get yourself shocked when you lose big amounts of your real money, but that's how to train your trading psychology. Master your...
+ = You can try several trading methods, train the one that suits to you till you're ready for your live account.
- = You'll never get any $ even you got $1M profit
This site uses cookies to help personalise content, tailor your experience and to keep you logged in if you register.
By continuing to use this site, you are consenting to our use of cookies.