official Hot Forex - HotForex.com

[nextop]

Honestly after investing to copy trading and both PAMM, I lost pretty much and I recognize we must have enough knowledge and experience to know which one to invest to. I saw a 500 days profitable account and after investing, it's lost 80% equity in 2nd month 😞

[tradesprint]

It sounds a huge loss, i guess you are right we need to stick with acquiring knowledge which many new traders forget to cater. Yet we can use these losses as a milestone to learn experience and should not repeat such mistakes in future.

[pradegxs]

Losses can feel devastating, but they’re also some of the best teachers in trading. Many new traders skip the learning phase and jump straight into the market, which often leads to those painful early losses. The key is to treat every loss as a lesson—analyzing what went wrong and using it to refine your strategy. I learned this key trick from HFM webinars devoted to psychological mindset

[tradesprint]

I can only say that the past performances cannot guarantee future results so better to learn forex trading itself rather than relying on another skills and investing in PAMM or copy.

[nextop]

On 10/23/2024 at 11:39 PM, tradesprint said:

It sounds a huge loss, i guess you are right we need to stick with acquiring knowledge which many new traders forget to cater. Yet we can use these losses as a milestone to learn experience and should not repeat such mistakes in future.

I wish HFM allow investor to invest only $50 but their minimum amount to invest is $500. Of course $500 is not really a big deal but if you see it loses 80% then it's a pain in my *ss.

[tradesprint]

Many brokers do allow initial protection to the new traders however they should stick to the demo trading for at least a minimum of six months before jumping to live trading accounts in my opinion. So if they lose any money on demo they in fact does not lose anything yet can learn from that losing trades too.