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Re: ganman post# 41316

Monday, 05/16/2011 7:49:14 PM

Monday, May 16, 2011 7:49:14 PM

Post# of 42555
On the contrary ganman, give it a few months and you'll understand exactly what I'm talking about.

Too many people care about the returns that are attainable, I'm pretty sure you can make doubles weekly in most asset classes, unfortunately, that's alot of risk, so you're better off putting returns on the back burner and understanding how the FX market works. Ask most FX traders how many times they lost it all before trading clicked for them. Ask how many wish they demoed for years before going live. I'm one of them. I lost a good amount thinking that a month of good trading in demo was all I needed. I lost it all thinking that I could do a double every week. I was doing 10-15% days, and then I had a -80% day. Thus, my balance was crap!

The best thing to do is demo, determine a good system, use risk and reward to determine your unit sizes, and make sure it works in the long term.

You'll also become addicted, and you'll read lots of information, comments, opinions, but in the end, you need to have confidence in yourself and your trading strategy.

To be successful in the trading game, find a sound strategy and then learn and understand the rules of your strategy.

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