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    Thread: Which do you advise me, investment or personal trading?

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      Default Which do you advise me, investment or personal trading?

      If a new trader is coming into the Forex market will you advise the trader to only invest his money into pamm account or with an experienced trader or will you encourage him to start learning and be prepared to go through the risks that you have gone through already and become a trader himself?

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      Quote Originally Posted by quluhuala View Post
      If a new trader is coming into the Forex market will you advise the trader to only invest his money into pamm account or with an experienced trader or will you encourage him to start learning and be prepared to go through the risks that you have gone through already and become a trader himself?
      It depends. You could have personal trading as just a hobby, keep in mind FX trading is not investing money - it's speculating with money and trying to be smarter than all the other traders.
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      If the trader want to be making some money before getting to understand the business by himself of course it will be a good idea to invest in the pamm account, but after understanding about the business on his own, he can then trade in the market by himself.

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      both of these things are very important. when we will do the personal trading there will be the new experience for us to earn the money. when we will earn the money by hard work we will respect the forum because it is the source of the money for us.

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      Personal tradings will be good if the traders know the market well and if the traders do not know the good way of tradings then they should try to invest the money in the market for getting more profit as well.

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      For me, I prefer personal trading. Trading on your own even though you are a newbie gives you a chance to learn. It doesn't matter how much you fail but how you are able to learn from those failures. It is better learning from your own mistakes and thereafter, understanding how to control your account in your own way.

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      Default How to wipe out fear of losses?

      Quote Originally Posted by quluhuala View Post
      If a new trader is coming into the Forex market will you advise the trader to only invest his money into pamm account or with an experienced trader or will you encourage him to start learning and be prepared to go through the risks that you have gone through already and become a trader himself?
      I will advice you trade by yourself that way you are sure of what you are doing, a pamm account trader only shows you his result, and that is it but if you trade by yourself you gather experience and improve your self and your trading ability and also gathering experience in the process.

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      i would advice personal trading because it gives relaxation to the trader from investment issues such as interest on investment.personal trading is easier as compared to investment in forex trading business.

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      I think it is always very important for a trader to learn the things personally and do not invest your money with any other trader.If you want to earn the money from this business then you need to learn the things personally and develop your own career.

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      You are investing in forex even if you are trading yourself. I don't think its good to invest in PAMM account if you don't know the PAMM manager. Some how I do earn good amount of money trading myself and I do believe I can become a successful trader some day. Focus on learning and then earning and eventually you can become a successful trader also.

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