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Old 11-12-2007, 05:18 AM   #11 (permalink)
aowaow
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I think Newbie starts better with platform that offers a precise in scaling, like Metaquotes product, the Metatrader platform.

Newbie should be familiar with the bigger time frame before learning the art of scalping in small time frame if he wants, but I do not recommended chasing 10-15 pips method, grab and run method. It's not equal to the broker's spread risk. Scalping is not wrong, but the risk is.

Still we had heard that traders which survive in this jungle is those who applied well the swing (long-term) trading in his portfolio rather than scalpers.

Successful scalpers is using a automated system to help the trade system will be closed at precise timing and correct price. Indeed, they had the trading's flying hour much better than the new one.

So, it will not involved the emotion of human part inside. But does EA (Expert Advisors) always have a good result, maybe in Demo, but many said EA application in Demo and Real have two different results.

Risk management is not just story of Stop Loss. Risk management involves all detail aspects in any capital investments. Even Taking Profit (Exit) session is also a risk management.

The point in here is how we secure our money, and make profit each step by step. No get rich quick scheme in forex or any capital investment (exceptions in Options trading, the call-n-put story, but it can be deadly as well).

Even though you hold an indicators set from the pros, even though you had the better acknowledge about fundamental, but if you cannot control your risk management part, it will be a total useless in your trading.
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Old 12-14-2007, 10:56 AM   #12 (permalink)
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Quote:
Originally Posted by gosoy View Post
I think it's a good forex trading platform, what about you?
What are the other good stuff about it aside from the fact that they offer $5 free?
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Last edited by forexlady : 12-16-2007 at 02:35 AM.
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