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Trading Lessons!
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FxDThompson

Member Since Nov 04, 2019  4 posts David Thompson (FxDThompson) Jan 14 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.smiley

Share your lesson and how it has helped you to reap better results!

"Let tomorrow envy that you did it today"
ufotech

Member Since Jan 05, 2020  19 posts ufotech (ufotech) Jan 14 at 21:46
The market is going to do whatever the market wants to do.

If you want to be profitable, make profitable trades.
TeamNotreDame

Member Since Jun 28, 2019  11 posts TeamNotreDame Jan 15 at 14:50
yeah but how can we predict what it will do based on previous action

ufotech

Member Since Jan 05, 2020  19 posts ufotech (ufotech) Jan 15 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.
FxDThompson

Member Since Nov 04, 2019  4 posts David Thompson (FxDThompson) Jan 15 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"
Roberto21

Member Since May 02, 2019  185 posts Roberto21 Jan 16 at 11:18
we can learn trading principle from various sources but the best way according to me by own trading mistake. our mistake can be our great Mentor , we should leave the habit doing same mistake again and again.  if cant , no way to come out fro losses at all. 

FxDThompson

Member Since Nov 04, 2019  4 posts David Thompson (FxDThompson) Jan 16 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"
traderroni

Member Since Oct 05, 2019  12 posts traderroni Jan 18 at 07:07
Roberto21 posted:
we can learn trading principle from various sources but the best way according to me by own trading mistake. our mistake can be our great Mentor , we should leave the habit doing same mistake again and again.  if cant , no way to come out fro losses at all. 


 Those are really wise lines. When we incur losses, we get a reality check. Its like a warning signal and demands immediate attention as to what went wrong.

Cordardred

Member Since Aug 27, 2019  5 posts Cordardred (Cordardred) Jan 19 at 13:46
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.

Flong

Member Since Oct 30, 2019  4 posts Flong Jan 19 at 14:29
Yes, you need to work here as if this is your last chance and you can earn the whole secret only today, only confidence and determination turns an ordinary trader with mediocre success into a real professional who always achieves his goals and runs his business in the market.

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