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Re: The road to Live Trading

#34
k_tony wrote:
Wed Sep 23, 2020 4:43 pm
nunanana wrote:
Wed Aug 19, 2020 4:08 pm
The road to live trading is always hard. Just take it easy and do your best.
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.

Re: The road to Live Trading

#35
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.


Re: The road to Live Trading

#36
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.

Re: The road to Live Trading

#38
Everyone around me seemed to be doing it :)
Warning: I'm a spammer for a bucketshop called HANKOTRADE. Everything I post is bullshit and the broker I work for are scumbags.

Re: The road to Live Trading

#40
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.


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