what should I do?

[The Cube]

I wish you the best of luck and hope it works for you. Will be interested to see how you get on.

What persuaded you to go for it in the end?

 

[AC007]

I wish you the best of luck and hope it works for you. Will be interested to see how you get on.

What persuaded you to go for it in the end?

Their site sounded professional. Just tried our luck with £500. ROI won't be high I can tell you but it would be hard for the market to blow us out. Nothing like ICT. More like a fund manager's trading method. You can't risk more than 2%. I will let you know. CADCHF sell stop 6464 sl 6550 current trade.

 

[AC007]

2 losses 1 in profit. profitable one is still going. I will let you know where we take profit. profitable one has covered 2 losses and in profit by a small amount.

 

[The Cube]

I see that they are now offering two different strategies, and claim they've never lost over the last 10 years. Wow must be worth 10 times what you paid for it.

But wait, they're offering both for $295 each. That's only around £470. What kind, generous people they must be !

 

[AC007]

Gold gave us some good profit. closed now. EURCHF went short today. So far so good. Runs are covering losses so far. Gold long has ben the best. I will keep you posted.

 

[AC007]

We will see how good they are. I will wait about 6 months before commenting. It can be beginner's luck as they say. Conditions are too bloody tough.

 

[Larisa]

Hi guys, I am a newbie trader that have started demo trading,the problem is that I dont have any strategy to work on because after I watched a guide on youtube he told me that the best way to learn trading is actually through trading.So I jumped on tradingview to start my papertrading journey the problem here is that I believe I lack confidence I sometimes make the right calls but whenever the trade go against me I jump out ,I thought that the main problem of my lacking of confidence in my trades is that I dont have a clear setup I just watch price action and jump into trade that I believe it is where the market is going.I told you about my situation I hope that you can give me insight and thanks to everybody

Starting with demo trading is actually a smart move. I would personally suggest that you consider learning some basic trading strategies and setups to guide your decisions. Also, it’s normal for trades to go against you sometimes. Managing your risk and sticking to your strategy are the key. Rest assured that your confidence will grow with experience. You got this!

 

[AriaS]

You need a strict strategy that has rules. You need to backtest it to make sure that it works. Otherwise you are walking in complete darkness.

 

[cara2]

he told me that the best way to learn trading is actually through trading

@NejemEddine
You hear that a lot. Of course you need to practice, but the statement is really misleading. Unless you can analyse what went wrong, opening a hundred trades a day will give you consistent losses forever..
You need to go learn a lot about the basics, and then put into practice what you know. That part is difficult, because it may mean sitting for a long time not doing anything.
I made some rules for myseld ( with help from folk here) which do work, but I have a problem sticking to them.
It's not too hard:
If you're day trading , only use liquid stocks (mag7 if you like)

Draw in the levels from close of yesterday, day's high and low, or anything strong from much further back.

Learn about session-anchored VWAP and what sort of thing it can be significant for.
Apply a bunch of Moving Averages to some trending prices, to see how they can help. Sometimes they don't, much.
Wait for a catalyst .
Wait for a trend to establish. Zoom out to a higher time frame to see what's going on.

Only go with the trend, but only enter at an "entry point". That'll be a retraction in the trend, or from a level or the sides of a channel.
Never ever join at say the top of a rising price. Sod is alive and well and waiting to reverse it on you.
If there's no entry point, from which you have a high probablility of starting off in the right direction, do not enter.
Better to not enter than lose.

Learn to spot when a curving move is likely to change direction eg the candles get shorter, or there's an extra long wick, etc..
Learn what "flags" look like; to begin with, be careful with them or avoid them.
If your platform has Volume (not just a tick counter) use it. (Look up how)
If the price is consolidating, with fairly random direction changes every very few candles, look elsewhere.
Range trading is "easy" ish, as long as you're not too greedy. Tends to be more of a setup later in the day.
Always use stop-losses, they are a necessary evil. You need to learn where to put them.
Use Take Profit pending orders/closers too, they take some of the stress out.
There's plenty more, but if you stick to those and apply them, you should have more winners than losers

Take a screen shot, print it out , and record your thougts, and what you SHOULD have done.
All your trades should be planned, so you know what you're going to do if this or that happens.

You'll soon find you can assess half a dozen or more factors in seconds. It's by combining several probability-improving factors that increases your chances.
Sure, start with a simulator, but it's different with your own money. Try with the smallest amount your platform will allow.