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Ericthetrader
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Everything posted by Ericthetrader
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The 11 Most Common Mistakes of a Trader Are...
Ericthetrader replied to Ericthetrader's topic in Beginners Forum
2. Not Having Money Management... - this is for me the worst mistake among the list. -
1. Not Having a Trade Plan... 2. Not Having Money Management... 3. Not Using Protective Stop Loss Orders... 4. Taking Small Profits and Letting Your Losses Run... 5. Overstaying Your Position... 6. Averaging a Loss... 7. Increasing Your Commitment with Success... 8. Over Trading Your Account... 9. Failure to Take Profits from Your Account... 10. Changing the Trade Plan Mid-Trade... 11. Not Having Patience
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With the tremendous leverage Forex trading offers, you are frequently exposed to the basic emotions of fear and greed. At certain times throughout your trading career these emotions can make you completely and absolutely irrational, oblivious to what is really happening. It can make you rely on hope; hope that the market will do what you want it to do because it "must"! Otherwise, you will lose all of your trading capital.
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Try out QuestFx.. I've tried them before..
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Hi, I was wondering.. There's an FCM business for lease.. Is it ok for me to post it here?
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Debate: Hard stops or mental stops?
Ericthetrader replied to Soultrader's topic in Technical Analysis
Most of the time I use hard stops... to prevent me from taking too much risks.. -
Seriously can think of anything right now.
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Poker I guess is more psychological, trading is strategic and your playing against the market.
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I'm using LucrorFx.. So far so good. They are young company but very supportive.
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Introduce Yourself Here - Don't Be Shy!!
Ericthetrader replied to trading4life's topic in Beginners Forum
Welcome to forums! We're all learning here. -
Johnny, Learn a lot of good points. Thanks
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When investing, pessimism is your friend, euphoria the enemy. ~ Warren Buffett
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Stops, Yes, If you don't use it, it will kill you financially....
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Not a Damn Thing To Do With Trading
Ericthetrader replied to MadMarketScientist's topic in General Discussion
Thanks! I'll have a look see. -
I'm with a New Zealand regulated broker right now. LucrorFx. They don't have commissions.
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Thanks for posting....
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Hi my name is Eric Japlim. I'm a newbie. I'm from Indonesia, but I go to and from US. I've been with this business (Forex) for 2 years now. I hope I could learn and share something worthwhile. C yah in the threads.. ;P