Nov 06 2020 at 07:38
A consistency in profits is like a mirror that reflects stability and growth. It is important that a trading system is stable. There should be a proper risk management technique to determine the success of a trading system.
Nov 06 2020 at 12:05
Forex trading gives you chances to improve over time. Staying stagnant might keep you from making better trades.
Multiple factors play and determine if you will make money. The 3 most important things about trading which you need is
*To be able to manage your emotions and have a good headspace
*Perfect money management (VERY IMPORTANT)
*Entries and everything that falls into that category. Risk Management, Exiting, NEWS AVOIDANCE, etc
So my overall opinion is that there isn't one thing that you treat more important, Many things determine how your system will perform if you dint have Money management but your system and psychology and trading entries and so forth are good but you don't have any money management you won't make no money long term.
You get the point I'm sure so make sure everything up to standard and you will be making consistent profits
*To be able to manage your emotions and have a good headspace
*Perfect money management (VERY IMPORTANT)
*Entries and everything that falls into that category. Risk Management, Exiting, NEWS AVOIDANCE, etc
So my overall opinion is that there isn't one thing that you treat more important, Many things determine how your system will perform if you dint have Money management but your system and psychology and trading entries and so forth are good but you don't have any money management you won't make no money long term.
You get the point I'm sure so make sure everything up to standard and you will be making consistent profits
Practise Makes Paper
Dec 19 2020 at 14:41
According to me, Success in the forex market mainly depends on your trading strategy.
Jan 08 at 09:31
Good management is the key. Both risk and money should be properly managed for successful trading. Working constantly on the strategy also helps.
Feb 18 at 11:57
I believe that a trading plan is the most important aspect in trading. Anything done with a proper plan helps in achieving the targets and goals.
KnowFinance posted:
I believe that a trading plan is the most important aspect in trading. Anything done with a proper plan helps in achieving the targets and goals.
Yes, a good plan in hand helps a trader to be more focused and more confident than trading. Its always better to follow a planned approach, along with proper risk management, patience and discipline.
Mar 01 at 08:21
I feel, the most important aspect in forex trading is devoting time to the market. Make sure you devote a few hours to the market each day. This is the only way you can learn about the market. If you are knowledgeable enough, then trading will be more beneficial for you in the long run.
Mar 03 at 10:52
KnowFinance posted:
I believe that a trading plan is the most important aspect in trading. Anything done with a proper plan helps in achieving the targets and goals.
Absolutely correct. Things done with a plan give better results. It also helps you in managing your time and money. It helps you to grow.
Mar 03 at 12:34
Trading strategies are important to work upon. Your whole trade depends on how you strategize it.
