Recent content by liability

Agreed. You can't start trading without any plan in your mind, can you?

You really dodged the bullet, buddy! And welcome to FPA.

Welcome! How long have you been using prop trading?

All I need is trendlines + RSI to find out the good average, although it is good addition to use 30/40SMA

Unless you are able to make a strong risk reward ratio in a single day, I cannot see that happening, to be frank.

Oh that is completely understandable. I was just sharing my point of view.

Clearly you are a newbie if you are thinking like that, and it is better to go back to demo trading if you have no idea how much to start with Typically you can start with 10 bucks or 1000, it just depends on which strategy are you using in trading, because you can either make more or just wipe...

1. Learn about forex trading 2. Demo trading 3. Go live

Are they regulated? If not, then better to avoid

Back test is useful if you keep updating as the time goes forward. That is why many experienced traders use them whenever they are planning to do live trading.

This already is a red flag, I am sorry but why do people let social media fool them?

Yes! Baby steps..baby steps.

Slowly and slowly, but yes I think I have started to improve my psychology in trading.

Welcome to the house of FPA! Hope you guys can get to know more about forex world soon.

Not understanding the impact of leverage and missing out the potential of using stop losses are the most common mistake that you'd find in newbie.