I lost and win, up and down for about 3 years until my winning is more than my losing. About 5 years until I get to balance cash (total withdrawal = total deposit ).Read more »
For newbie I would always suggest Learn Forex Trading With BabyPips.com for correct information, notification, risk awereness and fun to start with HuyenRead more »
If I have 5,000 USD and with all skills and risks being equal, how much profit can I get from Forex vs. stock trading?
You will get much more. Here are reasons: liquidity : forex liquidity is top market with 5 trillion $ transaction aday. Fee: stock you pay quite much more fee in amd out a positions, in forex the spread is thin, specific is like 5$ for each 100.000$ transaction. Swap: over night swap in forex much more lower Leverage: forex provider some up to 1:2000 Cost of a transaction: with forex you can start pretty much with 5k, in stock maybe you can buy 100 share of bluechip that limit your possible gainRead more »
I have a stock market simulator account with Investopedia and they gave me $10,000 virtual cash. For the past 2 weeks I have been making $300-400 daily. Am I ready to go into the market?
Do it 2 more times and yes, you can start play with real market. Keep in mind this: Demo is something rosy for clients to join, it is the most effective tool from brokers to show how easily you can make money with them. Real is totally different. But yes, winning in demo is essential steps. There are bucket shop that make demo supper easy ( fill your trade with positive slippage – so you have you trade winning right away when you enter the trades). But also have Dealing Desk to control your real trade after with opposite direction. […]Read more »
It is, if is required to extend the knowledge of “what is it different from demo to live battle” But it is no use to your dream from 50$ to 1MRead more »
I have a tool to calculate risk and but the lot size for me. What I do is just decide entry point, SL and TP point. Once the trade run, this how it happen: either the SL, TP get hit either I close the trade when I see some price action may go again my trade ( i also use tool, just decide to close, this will close for me. it can happen that the trade run over the weekend and get a hidden gap for SL and TP that result more loss or more profit than SL and TP […]Read more »
This question has been asked many times on quora, you may search for answear or just : Here is best brokers list that I tested with my real money for more than 6 months each. Best Forex Broker – Forex Live Stream If you open account using link you will join my Elite group with free twiter signals. Regards Vu HuyenRead more »
What is the difference between trading on a real and demo account except emotions and money involved?
If you except emotions and real money involved, still demo is much more different: Spread: Smaller than in real because they have hidden spread Swap: almost positive Speed of execute your trade: instant, what you see is what you get You can test by open 2 account and enter a small trade on both account as the same moment, you will see it is not the same.Read more »
You should quit when you have 2 things: Patient Emotionless So you must stay with your job until you get these, dont use your daily earning amount as indicator to quit. But how do you know that you are patient and emotionless: when you can trade and have a total trading account of at least 100.000$, still gaining positive monthly (no matter how much) No hurry my friend Huyen VuRead more »