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e_abrams

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Everything posted by e_abrams

  1. Have a comprehensive trading journal. Record every trade and analyze every mistake - as well as every success, so you can learn from both. The more you know, the less anxiety you will feel.
  2. In my opinion, a beginner should start with a demo, and then invest a small amount in a cent or micro account and trade with those money to get used to trading on a live account, rather than for profit.
  3. What would you consider to be the correct approach then?
  4. Personally, I think scalping should be for more experienced traders, actually. It requires an excellent understanding of technical analysis and quick reflexes to get out of a position on time. It's not nearly as easy as it looks.
  5. After a fashion, yes. One should still strive to minimize those risk as much as possible though.
  6. Indeed. Usually, the smaller the spread, the better, especially if one is scalping.
  7. What advice would you give about how to minimize one's risk though?
  8. Indeed. Quick profits tend to lead to quick losses too.
  9. The idea is to minimize one's capital as much as possible indeed and to do as much research as possible.
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