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Successful trading

Imamul
Feb 28 2019 at 13:26
685 posts
Successful trading is depend on most powerful analyzing trade knowledge , on the other hand , despite of good trading knowledge that’s not possible at all to lead a successful trading life at all if you don’t have a reliable support from a credible trading broker , because the broker can affects the result of our trading with certainly.

Prakon
Feb 28 2019 at 14:34
10 posts
That is very true. I think that a the most important thing is knowledge and experience. Broker just needs to be good enough to provide reliable price data and good spreads

AniLorak
Mar 01 2019 at 11:00
920 posts
Well said; knowledge is the key! There is no way without trading knowledge; even basic knowledge is not enough here! Traders need advance trading knowledge & skill for sure.

AkbarM
Mar 01 2019 at 13:29
9 posts
Where is the best place for advanced knowledge? babypips is good for the basics but where can you get the real advanced stuff that makes a difference

Treeny
Mar 03 2019 at 07:15
211 posts
There's also the psychological aspect of trading. You can't be a successful trader if your head game is not right

Imamul
Mar 03 2019 at 07:16
685 posts
In Fx trading, learning is not easy despite of having too many sources including pips school, learning sometimes boning and usually new traders get tempts to start trading without enough knowledge and become fascinated with the way of trading live which may cause laziness and trapped by wishful thinking get rich quickly scheme

AlHashim
Mar 04 2019 at 11:29
10 posts
Imamul posted:
In Fx trading, learning is not easy despite of having too many sources including pips school, learning sometimes boning and usually new traders get tempts to start trading without enough knowledge and become fascinated with the way of trading live which may cause laziness and trapped by wishful thinking get rich quickly scheme


If anything there are TOO many resources for new traders. It is difficult to know where to start , what is good and what is bad. A lot of time can be wasted learning bad system or following bad traders.

Dmitry Sayan (DmitrySayan)
Mar 05 2019 at 07:02
3 posts
Mindset is the key for successful trading, without the right mindset there is no future for someone in forex.

Mindset is the key to wealth
Treeny
Mar 05 2019 at 07:37
211 posts
walpants
Mar 05 2019 at 07:50
47 posts
AlHashim posted:
Imamul posted:
In Fx trading, learning is not easy despite of having too many sources including pips school, learning sometimes boning and usually new traders get tempts to start trading without enough knowledge and become fascinated with the way of trading live which may cause laziness and trapped by wishful thinking get rich quickly scheme


If anything there are TOO many resources for new traders. It is difficult to know where to start , what is good and what is bad. A lot of time can be wasted learning bad system or following bad traders.


yes this is so true, i am trying to learn but knowing where to start is really difficult.

Treeny
Mar 06 2019 at 08:30
211 posts
Just master one thing at a time and then move on to the next otherwise you will mash your head

Teejy88
Mar 06 2019 at 12:50
36 posts
Just take time to dedicate yourself, you will never learn everything in a week. Risk management is number one, then learning a single technique at a time will help to master it.

Treeny
Mar 18 2019 at 06:47
211 posts
Teejy88 posted:
Just take time to dedicate yourself, you will never learn everything in a week. Risk management is number one, then learning a single technique at a time will help to master it.


Agreed

vontogr (togr)
Mar 18 2019 at 06:51
4862 posts
Treeny posted:
Just master one thing at a time and then move on to the next otherwise you will mash your head


Create trading plan
Stick to it.
If it works keep it
If it does not work go back to create trading plan.

LeBuffon
Mar 18 2019 at 15:10
11 posts
How long would you stick with a trading plan before you decide that it does now work?

Pahlawan Trader (Nasrul_Swing)
Mar 19 2019 at 07:14
140 posts
LeBuffon posted:
How long would you stick with a trading plan before you decide that it does now work?


For me, if I can make profits within a year and after that I got stop out, I can say that my trading plan is work.
I will make sure that my profits is bigger than my invested capital.

But, it may different with others. Some traders may feel that, their trading plan is work if they don't get any stop out.

Jaga Modal & Kekal Profit Selalu.
vontogr (togr)
Mar 19 2019 at 12:48
4862 posts
LeBuffon posted:
How long would you stick with a trading plan before you decide that it does now work?


It depends on strategy. Usually after 100 trades.

AniLorak
Mar 19 2019 at 13:55
920 posts
Nasrul_Swing posted:
LeBuffon posted:
How long would you stick with a trading plan before you decide that it does now work?


For me, if I can make profits within a year and after that I got stop out, I can say that my trading plan is work.
I will make sure that my profits is bigger than my invested capital.

But, it may different with others. Some traders may feel that, their trading plan is work if they don't get any stop out.


Basically, expecting 100% success ratio is illogical. There is no trader who can makes 100% profit ratio. It doesn’t exist.

AdrianG001
Mar 27 2019 at 06:31
12 posts
Imamul posted:
Successful trading is depend on most powerful analyzing trade knowledge , on the other hand , despite of good trading knowledge that’s not possible at all to lead a successful trading life at all if you don’t have a reliable support from a credible trading broker , because the broker can affects the result of our trading with certainly.


Successful trading requires a tremendous trading knowledge and trading apps. It might depend on learning, practice and one should invest only a certain amount what he can bear, keeping a record of things. If you`re a pro forex trader then you should plan a good trading strategy for this. You have to monitor the trade 24*7 as soon as you get time. For this you can get your trading apps loaded on citrix vdi ( https://www.clouddesktoponline.com/citrix-xen-desktop/ ) and make yourself a successful trader.

Regards,
Adrian Gates

AniLorak
Mar 28 2019 at 12:26
920 posts
AdrianG001 posted:
Imamul posted:
Successful trading is depend on most powerful analyzing trade knowledge , on the other hand , despite of good trading knowledge that’s not possible at all to lead a successful trading life at all if you don’t have a reliable support from a credible trading broker , because the broker can affects the result of our trading with certainly.


Successful trading requires a tremendous trading knowledge and trading apps. It might depend on learning, practice and one should invest only a certain amount what he can bear, keeping a record of things. If you`re a pro forex trader then you should plan a good trading strategy for this. You have to monitor the trade 24*7 as soon as you get time.


I do agree on your opinion especially on learning statement! Really; there is no alternative way without learning; I see all of the successful Forex traders have tremendous level trading skill on technical & fundamental sector of trading.

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