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I got used to divide long term and short term trading on two categories. Every trader knows that long terms trading means investing. In my opinion, investing is created to save money for your life. It's just like an airbag in a vehicle. You can provide yourself in future with solid sums of money...

I think that trading micro lots is a good alternative to demo trading. At least, you earn something in this case, while your losses are not so painful.

I agree. The longer a person trades on a demo account the deeper he plunges himself in a sweet illusion that he can really trade.

If you pardon my annoying tone... i'd suggest taking a closer look at the circumstances when you close your trades early. I don't say this is the incorrect tactics, yet the way it sounds, you really don't have any clear rules abou that in your system/approach. Yet, knowing the exact answers on...

That's good that you've noticed that there is a reason to doubt :)

I understand that, but I don't quite get why in this case you would have to close the trades manually after a little while? And what means a little while?

I understand what you mean by scalping on 5M timeframes. I use the same term for such a trading style. However, this is also true that lots of traders consider near-HFT frequencies to be 'scalping' and in this case I think this is necessary to specify with a broker individually whether they have...

It’s a good thing that you have decided to master trading step by step. Dispersing your attention is the first challenge in trading. It’s because novice traders have to learn a lot of new things. If you are a kind of person who has never dealt with numbers and statistics, you will most likely...

Yeah, you've raised some good points. Risk and profit are always intercorrelated. That's true that I spoke of short term trading when claimed bracket orders are a must. Every rule has got some exceptions.

It seems unpredictable if you don't do anything. But if you're learning the methods of analysis and generally trying to move forward, then everything will be just fine.

Moreover, trading isn't about one trade, it's complex business. You shouldn't hope for one profitable trade, that's fine, but the point of a trading strategy is to have more profitable trades and you earn in total. And stop-loss helps a lot with that. What's more, it's not like you're...

And I agree with this opinion. Because when you work with short periods of time - you should make quick decisions and react quickly to any changes - and this requires some training.

Thank you for the useful information, it's interesting...

This is the reason for the increased interest in this case. Something interesting and unexpected always happens here. There is always room for surprise. This is absolutely cool!

A broker is definitely a kind of confidence in the future. And yes, it is the key to the efficiency of any trader.

Even more, I can say it shouldn't exceed 5% of the entire deposit, but the most common number is even lower - 2%. If your trade exceed this number, it has moderate risk level. If it's 5%, it's highly risky. Also, there's one more important rule - your stop-loss/take profit ratio should be 1:3...

Nah, it's not the same. I think you're applying money management anyway, it's just about how to manage trader's capital, including sellection of the assets, price and risk insurance. Risk management is a broader thing, which also includes diversification of assets and hedging. Both money and...

It took me about a year to start feeling confident in the market, but I started earning money much earlier. The most important thing is to learn money management. One professional trader told me that I should not focus on EARNING but on SAVING my money. To compare, you must think like a pension...

If you trade on H1, make sure to check H1, H4, and D before opening a trade. Ideally, they should share one visible very evident entry point. In this case, it will be much easier for you to put a stop. The earlier you enter the market, the more nerves you will save.

Each trader chooses the timeframe that helps him to best assess the situation. And I know people who work purely with short positions and make good money.