Trade FOREX with FXCM

  • Award-Winning Platform
  • 24/7 Customer Support
  • Trade Directly on Charts
  • Free $50K Practice Account
Trade Now
Tab Content
More Activity

1 Visitor Messages

  1. Paul Chin
    For newbies, you will lose money. You will lose A LOT OF MONEY. You may even wipe out accounts after accounts. This is the path to learning, to success, no shortcuts. As a good trader used to say: The Best Training in Forex is in the Trading itself.

    The only way you can mitigate the risk is to reduce leverage to a level that losing a 1000 pips is not a big deal to you. Then you can continue the path of losing and learning at the same time.

    Learn the psychological aspect of trading. Summerset has got an excellent explanation on Elliot Wave that I highly recommended. http://www.wave-segregation.blogspot.sg/

    And most importantly, Good Luck. First aim to stay in the game, then strive in the game. It will still be a gamble when you reach a certain level, but winning is more consistent.
Showing Visitor Messages 1 to 1 of 1
About Paul Chin

Basic Information

Age
37
About Paul Chin
Who am I?:
I'm focusing purely on short-term trades. Holding a full-time job, at the same time managing other commitments, namely Family, Study, Career.
Where I live:
Singapore
Hobbies:
Smokes a lot. Chinese Chess
Country:
Singapore
TRADER's Journal
Why Do I Trade Forex?:
Retirement planning
Trading Experience:
0-2 Years
What Type of Trader am I?:
Short Term Trader, Range Trader
What do I risk on a trade:
Depends on market condition. Not more than 150 pips.
TRADER's Plan

For future trades, please fill out this information

Type of Trader I am prone to be:
Short Term Trader
Notes:
For newbies, you will lose money. You will lose A LOT OF MONEY. You may even wipe out accounts after accounts. This is the path to learning, to success, no shortcuts. As a good trader used to say: The Best Training in Forex is in the Trading itself.

The only way you can mitigate the risk is to reduce leverage to a level that losing a 1000 pips is not a big deal to you. Then you can continue the path of losing and learning at the same time.

Learn the psychological aspect of trading. Summe

Signature


A beautiful mind is much more important than a fat pocket.

Statistics


Total Posts
Total Posts
1,263
Posts Per Day
1.31
Visitor Messages
Total Messages
1
Most Recent Message
01-15-2013 06:00 PM
General Information
Last Activity
Yesterday 07:16 PM
Join Date
09-29-2010

9 Friends

  1. Bunyu  Bunyu is offline

    Member

    Bunyu

  2. cain  cain is offline

    Member

    cain

  3. Clivewaverider  Clivewaverider is offline

    Member

    Clivewaverider

  4. DigiFX1  DigiFX1 is offline

    Registered User

    DigiFX1

  5. Gpalstrader  Gpalstrader is offline

    Member

    Gpalstrader

  6. melbgirl  melbgirl is offline

    Member

    melbgirl

  7. MOZI32  MOZI32 is online now

    Member

    MOZI32

  8. Sashimi  Sashimi is offline

    Registered User

    Sashimi

  9. sing  sing is offline

    Member

    sing
Showing Friends 1 to 9 of 9
TRADER's Journal
Why Do I Trade Forex?:
Retirement planning
Trading Experience:
0-2 Years
What Type of Trader am I?:
Short Term Trader, Range Trader
What do I risk on a trade:
Depends on market condition. Not more than 150 pips.
TRADER's Plan
Type of Trader I am prone to be:
Short Term Trader
Notes:
For newbies, you will lose money. You will lose A LOT OF MONEY. You may even wipe out accounts after accounts. This is the path to learning, to success, no shortcuts. As a good trader used to say: The Best Training in Forex is in the Trading itself.

The only way you can mitigate the risk is to reduce leverage to a level that losing a 1000 pips is not a big deal to you. Then you can continue the path of losing and learning at the same time.

Learn the psychological aspect of trading. Summe
Disclaimer: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts. Any opinions, news, research, analyses, prices, or other information contained on this website is provided as general market commentary and does not constitute investment advice. Forex Capital Markets LLC. will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.