When to go live
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Thread: When to go live

  1. #1
    Hi everyone,

    I've been testing diferent egies, timeframes, indiores, etc after a fine tune, in the very last weeks I´ve got these results connected.

    The principal focus is getting wins and pips rather than focusing yet on profit worth

    When if I go live?

    Don't hesitate to comment, thank you.

    All of the best


  2. #2
    How are the outcomes dont worry it too far and up to now, only take it one step at a time and Are you currently on live, there'll be some modifiion made but still we all learn the way along. best of luck

  3. #3
    I Believe is better be live with a account than be in demo

  4. #4
    Forget about the large accounts,just go live with a tiny one..and good fortune. .

  5. #5
    Quote Originally Posted by ;
    quote So pathetic to find newbies, obtaining a row of wins demonion, eager up to get into struggle with real market... Just like a well-trained soldiers striving for real struggle to take off a lot of enemies and become a different hero. . Real trading particularly with tricky broker is a quite difficult and challenging due to slippage, market interruptions, spread widenings abruptly getting quite incidence comparing to demonion. You don't have a second opportunity to try if you don't deposit if discounted. And depositing following a loss is a very painful part...
    Ei who do you think u would be to call pathetic the newbies. . .everyone started as a newbie...I have made this article in August 2014 in October I go live in January 2015 ive maded 388% of profit from a 8.5k real account....whos the pathetic????? . . .let me tell you something I find dumb people like you who disregard newbies. . .do you have some holy grail for trading?


    Thanks everyone who tried to help..its a common issue for newbies.

    Cheers

  6. #6
    PZR, dismiss the remarks from a number of the heroes out there, the interwebs are full of keyboard warriors and pros. If you are trading profitably then that's all that matters, in the end the aim is to make a profit and it is nobody else's place. We trade but in precisely the same market, that's what is amazing about markets. I've been in this game as the 80's, seen in plenty come and go the end forget the noisemakers. As you've seen, some move on about the brokers and markets and how they are against traders with slippage etc.. If these things are such a huge issue to them then they are either with the wrong broker or in the wrong match....or most probably both.

    You'll find some interesting advice on the internet, however you'll discover even more garbage. Individuals who have time to post every couple of minutes generally aren't the ones you ought to be listening to. Hunt about, and make up your own mind on what's comment and have a laugh in the rest. Most forums are trading could be lonely,and so observe the remarks for what they are. Try to find some traders locally you can actually spend some time with each week. Not just to share ideas on trading, insulated and but the world in general, do not get stuck in a box.

    Good to see you are making profits. Don't forget, trading is a business. . .pay yourself. Simply take some profit out each month and then leave the remainder to cultivate your account until it is too big as you would like it to be. 250k is plenty to begin creating a good income, but might take a while to get there. But if you take some profit as you gosoon you'll have regained your investment, then which take off some pressure and will make a massive difference emotionally. There is no use doing this, if you do not cover yourself. As soon as your account reaches a balance you believe is workable to offer an income, clear it and invest the profit elsewhere. Don't leave all your eggs in one basket.

    Good trading and Revel in.

  7. #7
    Hi Greeny,

    I completely agree on your opinion. I am aware there is garbage and anyone but disrespect I dont like, and I believe I should point garbage when I view it so newbies can view it to.

    Yes im profitable..but im at a new newbie dillema wich is chaging the system to a profitable one and much less stressfull too. As seasoned traders recommended im testing it live (with quite small places ) to see if it prospers.

    Thanks to your sensible guie.

    Cheers

  8. #8
    Quote Originally Posted by ;
    as per my standpoint when you still shing on your egy that mean you aren't ready if you guessing on opening or shutting the rankings that mean you aren't ready if by open a position and earn money and you do not understand why (technically or fundamentally ) that mean you aren't ready so compose you system in paper test your system (some folks says 200 position) then and the most important Train how to trade with it there's tons of trading systems that tested and it is profitable but folks didnt used to train on it they shed there...
    1 for this, and is pretty much what I was going to say, therefore that I am going to repeat some of it.

    The purpose of a demo account in my opinion, is simply to check the egy. When you understand how to trade the egy, then it is time to proceed into a live account. This is my opinion. I find that a Live account is different than a presentation, only because dwell cash is online.

    It's very easy to set and forget on a demo account, it is very difficult to set and forget on a live account... you may find (even with 0.01 lots) that you will continue coming back into the account, assessing how the trade is going, worrying when the trade goes red, relaxing when the trade goes blue, and the feelings go up and down as the trade progresses. What generally occurs is that the emotional turmoil becomes much, that you shut the trade early.... And then the trade goes and hits the TP price... THAT is trading, which is what live account expertise teaches youpersonally, to depart the trades alone when they will need to be left alone!

    What you'll also find, is that the market reacts in very strange ways, news is a prime example... on presentation, you dont pay any attention to the news, and in live you'll lose trades since you won't be able to trade properly... again it is something that can only be obtained with expertise in my opinion... (from my own travel that is!)

    At some time you want to make the leap, but ONLY trade with everything you can afford. I trade with what I can manage, but then, as soon as your account begins building, viewing profits and losses of 30 - (although only 1% of their account size) looks enormous - and that needs to be what you flip your emotional side off also.

    My biggest thing I would reccomend however, and that I move on about it ALL the time, will get yourself a trade journal.

    I just use Exel, with columns of pair, timefram, buy or sell, pirce (available ) price (closed), pips obtained, profit, comments on exit.

    By far the most important is your comments on exit. For my egy, I just ever want to see 3 things in that column.... TP hit, SL Hit, closed because of news event.

    Anything outside of these three, is there to be analysed, and seeing just how I can do better.

    Along with this, you may want a column for motives for entry... (my egy is pretty simple, and generally the only time I get it wrong is when I dont concentrate!)

    What sits under all this needs to be a egy for when to enter and when to exit, also it ought to be special....

    For instance

    for entrance:

    MA cross, AO color change (within 3 pubs of cross), over Kumo cloud... if all conditions are satisfied, you simply take it

    For exit, it might simply be, higher impact news occasion, hit TP/SL (this might be attributed to monitoring stop by the way) (auto close...!) MA cross into the opposing side....

    Whatever it is to your egy.

    Once you have these you can trade into a plan, as opposed to well, the AO is 4 pubs.... Or the MA LOOKs like it is likely to cross.... etc..

    That's as soon as you can see where you are going wrong!

    If you don't have these factors, you should not be on a live account.

    In my opinion, demo is just great for 10 percent of the trading... and I'm serious. A profitable demo will wind up negative for a period because you dont follow your own rules! Trust me ! :--RRB- Good luck to you !

  9. #9
    Roland just summed up it. Well said and yeah, at the net forget everything else personally and there's everything, take from it what will help you which may pull you down

  10. #10
    Properly place Roland..and as for the newbie, listen you will find prb lots of those who get off by trying to knock others down..some are like this or they're just lashing out for a few reason. The point is you just ignore these barbs and Proceed, rem you get to laugh all the way to the bank..good chance and keep us posted on how things turn out

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