k_tony wrote: Wed Sep 23, 2020 4:43 pm Right. How do you think we can keep ourselves calm in this journey?

Create stress relieving habits.

What are yours?

Ray Martin wrote: Mon Dec 21, 2020 10:20 pm
Create stress relieving habits.

Would love if you could elaborate on this..

k_tony wrote: Wed Sep 23, 2020 4:43 pm

Right. How do you think we can keep ourselves calm in this journey?

I prefer to have a cup of coffee with my favourite series on to relax my mind.

I got into it as a sales trader and a guy on the treasury desk would trade off a Bloomberg terminal by watching the spread for untold hours a day. He didn't use any charts or indicators. Was literally watching a price panel. Old skool.

As others have said- demo is a road to nowhere. To paraphrase the great Mike Tyson- everyone has a plan until they get punched in the mouth.

My one big tip: It's easier to get in than it is to get out.

From experience. Close out your trade that's gone badly before it takes over. Yep I know, it might come back like it did last time- or maybe not. Risk management, i think its called, will save your skin.

The easiest way to avoid this trap is to have a target profit. Exit at your target profit (based on something like average daily range or fibo or pivot) and job done.

As an example of closing out a trade at your projected profit level.

Everyone around me seemed to be doing it

Started it out of personal interest in college. Well, it’s kind of working for me from the start.

I started trading on forex at my previous job, my colleague trades a lot after office and so I decided to try it, I have learnt basics from him.