Your Experience

Hello,

i'm just trading for few months. Often I'm not sure and I'm trading carefully.

My questions:

Which experience have you made? How many knowledge had you, when you started? Which mistakes did you at the beginning?

Bye Debi


 

Hi Debi,

Mistakes are:

*if you have only few know how
*if you start to trade with far too much money
*if you only trust in trading programms

Greetings Samir  

Hi Debi,

I think that the main problem is too less knowledge about the things you trade and the way how you trade!

- trading objects: you should know about the stuff you trade. its character, factors which influence it (news, the BIG traders, and so on)

- the next step is to create a own trading strategy. There's so much literature about trading techniques. Not only entry, stop and target are points of a strategy! It has to be completed by money- and riskmanagement!

- fist I started with a few amount. It doesn't matter if you risk 2% at each position. The absolute money is different but the effect is the same. When you have a solide strategy then you can trade with large amounts. The only difference is the number of contracts you type in your broker system. :-)

I hope to help you.

Enjoy trading,

007