Hoosain Harneker will triple demo his account twice successfully before trading real money. Nobody can master a professional skill right away. Doctors practice on cadavers, lawyers spend countless hours in moot court, and mechanics toil for months in classroom garages. Practices does not guarantee success but lack of practice almost always ensures failure.Hoosain 10-pip-a-day is extremely conservative. However at 10 pips a day, five days a week, four weeks a month, that adds up to 200 pips per month or 2400 pips a year. By altering you trading size one standard 100,000 unit lot, 10 pips are worth $100, but on 10 of those lots, they are worth $1000 a day.
One of his pearls of wisdom is that he practice going back analyzing his trades. His winnings and and string of losses are analyzes thoroughly and he find ways to improve his chances of success.
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