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New here, but not new to trading.


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New here, but not new to trading.

  #11 (permalink)
N00bdayraider
Jersey City, NJ
 
Posts: 8 since Jul 2015
Thanks Given: 2
Thanks Received: 6


SurtiTrader View Post
Of course you will. But you need to take it seriously. I would like to suggest you to find an appropriate broker and practice risk free trading through Demo and then enter the real world of Forex. I did the same about 5 years ago and faced many difficulty at first, but now I have found the best broker and I am earning a lot through him.

I've actually decided I'm going to trade Futures instead of Options. I think I have a strategy that works, and I'm going to to paper trade with ThinkOrSwim for the next few months, just one contract, and see how it works.

With Options I would have to make perfect trades to profit with less than 10 contracts, 1 or 2 losses would seriously hurt me. With Futures 1 or 2 or even 3 losses can easily be cancelled out with 1 good trade.

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  #12 (permalink)
 SurtiTrader 
Surat+Gujarat/India
 
Posts: 25 since Jul 2014


N00bdayraider View Post
I've actually decided I'm going to trade Futures instead of Options. I think I have a strategy that works, and I'm going to to paper trade with ThinkOrSwim for the next few months, just one contract, and see how it works.

With Options I would have to make perfect trades to profit with less than 10 contracts, 1 or 2 losses would seriously hurt me. With Futures 1 or 2 or even 3 losses can easily be cancelled out with 1 good trade.

I prefer loss as the stepping stone towards success. You should not neglect it and because of the risk of losing you should not stop trade. I have also incurred loss when I have started trading and through every loss I gained experience regarding Forex Market and various brokers. My current broker helped me a lot to understand market analyzation and I am very happy that I chose him as my broker.

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Last Updated on September 11, 2015


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