Forex Forums - View Single Post - Accepting Profit Drawdowns & Losing Trades

**★FX★** · 05-25-2010, 03:28

Lack of planning is what the rest of those parts of the pattern flow from. You need to have a good game plan and practice it with demo funds until you are consistently profitable, then and only then should you deposit actualy money to trade with. Some people even say a minimum of $30,000 is necessary to be profitable, I don't agree, you can get away with depositing a few thousand, but you need to be very strict in your trading style to not incur huge losses that could destroy your account.

05-25-2010, 03:28	#11 (permalink)
Add To Friends Join Date: May 2010 Credits: 2,379 127 posts	★FX★ Forex In The Blood Re: Accepting Profit Drawdowns & Losing Trades Lack of planning is what the rest of those parts of the pattern flow from. You need to have a good game plan and practice it with demo funds until you are consistently profitable, then and only then should you deposit actualy money to trade with. Some people even say a minimum of $30,000 is necessary to be profitable, I don't agree, you can get away with depositing a few thousand, but you need to be very strict in your trading style to not incur huge losses that could destroy your account.
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