There are three things
Dec 08, 2020 at 13:28
1,169 Views
18 Replies
Dec 08, 2020 at 13:28
There are three things you need to create your own strategy. Study, Practice and Study. You have to study a lot. Initially it is best to choose one single pair. Spend time to observe that pair as much as you can. Every pair has Its own characteristics. You will find some unique characteristics of that pair. Study them and test them. It's a trail and error process.
Member Since Jul 20, 2020
298 posts
Dec 09, 2020 at 00:58
It is not possible to gain profit consistently without acquiring a trading education. A trader must first acquire trading education. Then you have to apply that education and practice a lot.
Member Since Nov 17, 2020
23 posts
Dec 28, 2020 at 04:53
I completely agree with you. Learning and practising your trades is very important. Every day can be a learning experience for traders both new and advanced.
Member Since Nov 04, 2020
3 posts
Dec 31, 2020 at 07:36
I also think that concentrating on 1 pair is most beneficial. It’s easier to undertake technical and fundamental analysis on it.
Dec 31, 2020 at 13:01
The first step of trading is to understand that it needs a lot of time and efforts to be skilled enough. There is no short cuts. If you can't give enough time and effort in learning just leave it. You have to go through the full learning process. Just by following some ready-made strategies, nothing going to happen.
Member Since Jul 20, 2020
399 posts
Jan 15, 2021 at 12:58
Michihito posted:
There are three things you need to create your own strategy. Study, Practice and Study. You have to study a lot. Initially it is best to choose one single pair. Spend time to observe that pair as much as you can. Every pair has Its own characteristics. You will find some unique characteristics of that pair. Study them and test them. It's a trail and error process.
Yes i agree but psychology is so key too. Its more than half the way to success in my opinion
Member Since Jul 23, 2020
869 posts
Jan 15, 2021 at 17:28
Dictiony posted:It’s true. Traders also need hard work for making consistent profit in trading.
It is not possible to trade successfully without the help of education and study. You can never be a good trader if you lack knowledge and skills. So always learn the basics of forex before investing money.
Jan 21, 2021 at 01:57
LeviSievwright5 posted:Yes, you are right, trading education is very important. It is never possible to make a trading profit without proper knowledge.
It is not possible to gain profit consistently without acquiring a trading education. A trader must first acquire trading education. Then you have to apply that education and practice a lot.
Member Since Feb 04, 2021
35 posts
Feb 15, 2021 at 12:26
I think three things required to create your own strategy are knowledge, your financial goals and market analysis.
Member Since Feb 12, 2021
1 posts
Feb 15, 2021 at 20:14
LeviSievwright5 posted:
It is not possible to gain profit consistently without acquiring a trading education. A trader must first acquire trading education. Then you have to apply that education and practice a lot.
@LeviSievwright5 what in your opinion would be great habits for a new trader to make ?
Member Since Dec 15, 2020
12 posts
Feb 19, 2021 at 04:43
Yes, I second that. These three things can really make a difference to trading.
Member Since Jul 23, 2020
869 posts
May 07, 2021 at 17:22
Roberto21 posted:I also agree. Newcomers should learn first before real trading.
We always advised by the senior traders and experts just for learning. but I think we the newcomers have to practice trading besides learning process. Demo account is more appropriate for them and as a learning Process newcomers can depend on Pips School.
Member Since Mar 17, 2021
536 posts
Dec 29, 2021 at 05:23
Unellene posted:Proper knowledge is very necessary to survive in this market.UweMoench posted:random success never meant that the trade was successful according to the knowledge of the trader himself, but many people think otherwise
For effective trading consistency is crucial. Some random winning transactions don't assist in success. Achieving consistency is critical in trading. For that one needs enough knowledge, skills and experience.
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