Trading Lessons!

Jan 14, 2020 at 17:36
2,020 Views
37 Replies
Member Since Nov 04, 2019   11 posts
Jan 14, 2020 at 17:36

What tough lesson/s have you learnt recently that is helping to improve your results?

 Contrary to a quite popular belief, I have learnt that Fundamentals can bear great significance to your trading results.😄

Share your lesson and how it has helped you to reap better results!
"Let tomorrow envy that you did it today"
Member Since Jan 05, 2020   35 posts
Jan 14, 2020 at 21:46
The market is going to do whatever the market wants to do.
If you want to be profitable, make profitable trades.
Member Since Jun 28, 2019   11 posts
Jan 15, 2020 at 14:50
yeah but how can we predict what it will do based on previous action
Member Since Jan 05, 2020   35 posts
Jan 15, 2020 at 19:02
TeamNotreDame posted:
yeah but how can we predict what it will do based on previous action

Fundamental analysis, Technical analysis, Market Analysis.

Market is presenting as Bullish? Buy
Market is sideways or unmoving? Do nothing
Market is presenting as Bearish? Sell

If the trade is unprofitable, close it and wait for the next trade.
If the trade is profitable, let it run it's course for profitability.

Manage your risks properly.

If you want to be profitable, make profitable trades.
Member Since Nov 04, 2019   11 posts
Jan 15, 2020 at 23:00
ufotech

Fundamental analysis, Technical analysis, Market Analysis.

Market is presenting as Bullish? Buy
Market is sideways or unmoving? Do nothing
Market is presenting as Bearish? Sell

If the trade is unprofitable, close it and wait for the next trade.
If the trade is profitable, let it run it's course for profitability.

Manage your risks properly.

 Precisely @ufotech
"Let tomorrow envy that you did it today"
Member Since Nov 04, 2019   11 posts
Jan 16, 2020 at 12:28
@Roberto21 A very valid point! It is important to learn from our mistakes and also to grow from them
"Let tomorrow envy that you did it today"
Member Since Oct 20, 2018   300 posts
Jan 19, 2020 at 21:00
My best lesson is - Don`t risk what you can`t afford to lose.
momchil_slavov@
forex_trader_795593
Member Since Oct 09, 2019   32 posts
Jan 20, 2020 at 05:29
Two important lessons for me

1. Money and risk management
2. Always use Stop Loss
Member Since Oct 19, 2019   21 posts
Jan 20, 2020 at 12:04
Cordardred posted:
As for the market, well said, if we talk about exactly what depends on me - the main advice is not to rush, money loves peace and responsibility, and the better you understand it, the greater the chance that you will leave the market with the money.
That’s right, patience is the foremost important trait to be a successful trader. Nevertheless, I think being rational is also a major requirement, people always tend to be greedy while trading and end up making just losses.
Member Since Jun 24, 2019   11 posts
Jan 20, 2020 at 14:31
fancydandy posted:
Two important lessons for me

1. Money and risk management
2. Always use Stop Loss

Ditto. Those are most important things to remembers
Member Since Aug 09, 2017   785 posts
Jan 21, 2020 at 08:08
The beginner should use demo account minimum for three months, sometimes many brokers organize demo contest with real money prizing. Newcomers can join here. It could be great to acquire real trading exeprince.
Member Since Nov 04, 2019   11 posts
Jan 21, 2020 at 13:27
I love these responses! All accurately relevant and absolutely necessary to follow. It is also quite clear that as traders we all understand the importance of following a particular set of rules. These rules will either make you or certainly leave you 'broken'
"Let tomorrow envy that you did it today"
forex_trader_795593
Member Since Oct 09, 2019   32 posts
Jan 22, 2020 at 10:11
FxDThompson posted:
I love these responses! All accurately relevant and absolutely necessary to follow. It is also quite clear that as traders we all understand the importance of following a particular set of rules. These rules will either make you or certainly leave you 'broken'
r
Absolutely! I love reading everyone's post knowing and getting better in the term of trading and etiquette.
Member Since Apr 27, 2019   22 posts
Jan 22, 2020 at 17:57
Nothing is guaranteed in our life so anything like that as well anyway. For whatever reason being done there totally and completely. In such way you should treat your forex as well, and no some other thing. Only like that and you will get some results soon.
Member Since Oct 19, 2019   21 posts
Jan 24, 2020 at 07:49
Malokelv posted:
Nothing is guaranteed in our life so anything like that as well anyway. For whatever reason being done there totally and completely. In such way you should treat your forex as well, and no some other thing. Only like that and you will get some results soon.
That’s right, everything is unpredictable.
Member Since Jul 23, 2020   759 posts
Aug 19, 2020 at 17:14
Forex trading is especially fast-paced and risky, so it is especially important to have a solid basic knowledge before trading with the money you earn. Understanding risk and FX risk management strategies, including Stop Loss, are also essential to long-term FX success.
Member Since Jul 19, 2020   788 posts
Aug 19, 2020 at 23:50
There are many types of strategies in trading. Sentimental Analysis is the best analysis in the trading world. The way in which the market moves in 4 ways is what I usually call context. Those 4 ways of context are impulsive/corrective and volatile and non-volatile. If this context and support/resistance level can be combined, then a lot of money can be made from the Forex market.
Member Since Aug 11, 2017   886 posts
Aug 20, 2020 at 03:26
Before large investments we generally open a demo account in a broker to see the performance how it works. But I have seen, after large investments brokers attitude changes sometimes that is not available in micro accounts.
Member Since Aug 27, 2017   994 posts
Aug 20, 2020 at 06:45
trading Forex with no knowledge i think the biggest mistake ever that beginners level always do. this mistake even i have passed when was a newcomer.
Member Since Jul 19, 2020   298 posts
Aug 20, 2020 at 08:08
I have learned that do not share your opinion about market with others if you are a day trader.It makes you biased about about that day. If I stay away from others I do good in trading. I need to be influenced free to keep my mind relaxed.
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