Originally Posted by ;May be you guy's correct. As I'm new I'm trying to learn. By hook or crook I'd like to become a great trader. At this time I am trying to assemble knowledge. Plus it'stop help me so farOriginally Posted by ;
Originally Posted by ;May be you guy's correct. As I'm new I'm trying to learn. By hook or crook I'd like to become a great trader. At this time I am trying to assemble knowledge. Plus it'stop help me so farOriginally Posted by ;
The biggest and most dangerous myth:
You can make a living out of trading the forex.
Transferring your stoploss to breakeven.
This basically means you put a buy order and a sell order in precisely the exact same location - when people do this, thinking they're right now, it strikes me as eccentric. Additionally, once you are in a trade the market (along with your account balance) does not give a shit where you got in, so that your breakeven level is immaterial.
I understand the plogical allure of doing this though - I do it myself sometimes, though I know I am playing a mental trick on myself instead of improving my overall position.
I will close the commerce if my stop loss is hit which could be in a significant turning point/breakout.
I will diversify my $10000 a/c.
The 50/50 chance BS. Its not 50/50. It's over trading.
I was about to post the opposite. You've got the stage.Originally Posted by ;
You're probably Perfect! If you think of this in terms of probabilities, what you are doing when you BE is providing price less room to breathe, which means more opportunities your SL will be hit. It might nevertheless be sensible if this is just a case of tracking your stop, i.e. if you don't have a TP in any way, and you are just trailing to observe how much it will get you, and BE is just the first step of that.Originally Posted by ;
Is right. But I must submit my own participation = the trend is your friend.
It is a fair-weather friend as best, usually similar to the friend who always comes over wanting to borrow things.