Do you use Instincts to trade?
- Thread starter SpecialFx
- Start date
no. instincts never work for me in forex. i have blown a couple of live accounts trading on instincts. over 3 years i have learned is just be disciplined and have a good money management system. there is no way that you will be profitable all the time. a system which gives you 60-70% profitability is good enough. combine it with a money management of your choice.
on more thing that matters is you should have a good capital to start with. we see a lot of brokers offering 5$ account. its just not going to give you good return. start with at least 1000$, preferably 2000$
on more thing that matters is you should have a good capital to start with. we see a lot of brokers offering 5$ account. its just not going to give you good return. start with at least 1000$, preferably 2000$
my cent worth...
I was going through this thread with a smile to read some of the post...
the above Smart_trade post give me courage to write my thoughts not to repeat the above "yes I do trade on instinct" after many years of experiences IMO that come within
how? personally I think ii is that eventually one know the market behave ... MM tricks... knowing the stocks and so on ... therefore during trading we are on the same level then MM .... we can "fight" on the same ground ...
but instinct alone isn't enough but it is that something extra to improve-gain the strategy...
I won't go any further otherwise you think I am a nutcase
but for the less experiences never say "it is impossible" but always further enhance more the topic-subject...
that is what experience is all about "getting there before the other"
btw I trade stocks not forex but I preusse it's exactly the same
I was going through this thread with a smile to read some of the post...
the above Smart_trade post give me courage to write my thoughts not to repeat the above "yes I do trade on instinct" after many years of experiences IMO that come within
how? personally I think ii is that eventually one know the market behave ... MM tricks... knowing the stocks and so on ... therefore during trading we are on the same level then MM .... we can "fight" on the same ground ...
but instinct alone isn't enough but it is that something extra to improve-gain the strategy...
I won't go any further otherwise you think I am a nutcase
but for the less experiences never say "it is impossible" but always further enhance more the topic-subject...
that is what experience is all about "getting there before the other"
btw I trade stocks not forex but I preusse it's exactly the same
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