I think that it is very good option for all new traders to keep trading journal with all details of their trades. In this way they will always be in position easily to make analysis and spot weaknesses in their knowledge or skills
I find that it is excellent option to keep record of your deals and also your mistakes. In this way you will be able to remind yourself from time to time what you have done good and what you need always to avoid
I think that loss is one of common things for all beginners. I remember how much I have struggled to understand market moves and predict them correctly. I did not blow my account, but I have moved from market few times to rethink what am I doing
Faal, I think that it is very good that you have mentioned trading environment. Sometimes it can be difficult to new traders to learn swiftly to use trading platforms. I think that the best approach in solving this issue is to try brokers platform on demo account and see if it is ok for them to use
Indeed, there is no free lunch of forex market. Everything needs to be accomplished with hard work, dedication and a lot of practice. Earnings are coming with experience
Dimitry Ushakov made excellent statement. Great observation that on forex you can earn real money. I need to note that it represents the main reason why we are all here. Right?
There are several problems here. If the stops are close to the entry point, they will work when expanding the spread on the news. If the stops are far away even from the wide spread, then the takes should be even farther away, and it can't be really guaranteed that the price will eventually...
I would say that for me it is important speed of transaction execution and user-friendly platform. Also, responsive customer support would be a benefit in addition to low spreads. I think that I dont ask too much from broker, only to be professional in his business. What do you think?
TheTrader, I would certainly agree with you that there is importance of proper risk management. But, risk management is not making you money, it is helping you to control your looses. So, if you are making losses, then you need to improve your trading skills. Do you see my point?