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Whats the Best Education Around??
forex_trader_350120
Member Since Aug 07, 2016
23 posts
Jan 08, 2017 at 07:46
rrrfx1 posted:
I by nature ask a lot of questions, so I went into forums and exploded them with well-formulated questions. I like to write so that everything I did not know put it on a list and I would seek answers by all means, until I reached an acceptable knowledge of that area and then move on to the other. However, there are common mistakes you are going to make and what you have to commit to form what we call experience.
Well the list of doubts is endless in the trade.
Member Since Jan 08, 2016
276 posts
Jan 08, 2017 at 08:18
The Market Makers try to steal money from traders by building traps.
Learn how they do that :
Learn how they do that :
Complexity is expensive, inefficient, and ineffective > Crocodile trading
forex_trader_29148
Member Since Feb 11, 2011
1768 posts
Jan 08, 2017 at 08:42
wiseinvest posted:
School of pipsology at babypips..
agree 100%
Member Since Dec 15, 2016
5 posts
Jan 08, 2017 at 08:42
Hello Robin, way to go! Almost a year Trading tenacity is an absolute requirement of every successful Forex Trader. I am an intermediate level Trader which means I know how to trade profitably I just don't do it for a living yet. Hopefully I can help point you in the right direction.
You're in the R&D phase of your trading career and should be free to explore a wide variety of trading Styles and strategies. If you restrict yourself to a cash account you're going to need virtually unlimited resources or time to explore the different strategies available. Demo accounts are free and easy to use. I have 3 demo accounts from different brokers running on my computer right now. I personally have found that backtesting doesn't work and it's a complete waste of time. So the only realistic way for me to test out a good strategy is to test it out on a demo account in real time. I just don't want you to lose any money until you're more sure of what you're doing. I have burnt a few accounts and know how it feels. That's enough about demos, I have 2 tips to share.
Tip 1 Consistency Every successful business you're familiar with started with a business plan and trading is no different. If you want to be a successful Trader you're going to need a trading plan. Plan your trade and trade your plan.
Tip 2 Overtrading In my humble opinion overtrading is the number one reason most Traders fail. The 1 minute to 15 minute time frame I would avoid until you're more experienced in trading as there are some very good Traders there and they will take your money if you give them half a chance. Swing trading systems is a much safer choice as you'll be trading in a higher time frames 4 Hour or 1 day which would naturally keep you above The Fray. There are many good and free examples to choose from online. Good luck and happy Trading.
You're in the R&D phase of your trading career and should be free to explore a wide variety of trading Styles and strategies. If you restrict yourself to a cash account you're going to need virtually unlimited resources or time to explore the different strategies available. Demo accounts are free and easy to use. I have 3 demo accounts from different brokers running on my computer right now. I personally have found that backtesting doesn't work and it's a complete waste of time. So the only realistic way for me to test out a good strategy is to test it out on a demo account in real time. I just don't want you to lose any money until you're more sure of what you're doing. I have burnt a few accounts and know how it feels. That's enough about demos, I have 2 tips to share.
Tip 1 Consistency Every successful business you're familiar with started with a business plan and trading is no different. If you want to be a successful Trader you're going to need a trading plan. Plan your trade and trade your plan.
Tip 2 Overtrading In my humble opinion overtrading is the number one reason most Traders fail. The 1 minute to 15 minute time frame I would avoid until you're more experienced in trading as there are some very good Traders there and they will take your money if you give them half a chance. Swing trading systems is a much safer choice as you'll be trading in a higher time frames 4 Hour or 1 day which would naturally keep you above The Fray. There are many good and free examples to choose from online. Good luck and happy Trading.
“Life is short, break the rules, forgive quickly, kiss slowly, love truly, laugh uncontrollably, and never regret anything that makes you smile. Twenty years from now you will be more disappointed by the things you didn’t do than by the ones you did. So throw off the bowlines. Sail away from the safe harbor. Catch the trade winds in your sails. Explore. Dream. Discover.” Mark Twain
Member Since Jan 08, 2016
276 posts
Jan 08, 2017 at 08:49
wiseinvest posted:
School of pipsology at babypips..
They start with the truth :
Our definition of a successful trader is having the ability to do three things :
1. Make pips
2. Keep pips
3. Repeat
But this is followed by all the useless "knowledge" we can read about everywhere !
There is no path a newbie can follow and have success. He has to figure it out on his own.
This is no school !
Complexity is expensive, inefficient, and ineffective > Crocodile trading
Jan 09, 2017 at 08:02
monkyl posted:
The best education conforms to your method of study and research based on various means and the ability to analyze your own trading strategy.
Who studies their own trade learn more!
I must agree with you, and while studying you'll discover the best strategy for you own as well.
Member Since Apr 21, 2016
1 posts
Jan 12, 2017 at 08:11
robinpike posted:
I started to learn how to trade in February, 2016 and have gone through two programs (MTI and Apiary Fund) and while I have learned a TON of information and have done some successful trades I feel there is a piece missing. I am sure it has a lot to do with the learning curve and just needing experience behind me but I can't help but feel there is something missing. My husband keeps telling me, one day the light bulb is going to go off and it will all click for me! I do not plan on being in the 95% of those traders who quit. I plan on making this my full time income so I am extremely determined to make it work!! Any productive advice is welcome!!
Thank yoU in advance for your feedback!! :-)
Robin
Learning how to trade is not as important as learning a winning system, from experience trading for 6 years and loosing i can tell you a winning system is a must. just take your time and you will find the light eventually, but you have to be persistent, and there will be a lot of bad times.
forex_trader_384423
Member Since Dec 14, 2016
2 posts
Jan 13, 2017 at 09:25
robinpike posted:
I started to learn how to trade in February, 2016 and have gone through two programs (MTI and Apiary Fund) and while I have learned a TON of information and have done some successful trades I feel there is a piece missing. I am sure it has a lot to do with the learning curve and just needing experience behind me but I can't help but feel there is something missing. My husband keeps telling me, one day the light bulb is going to go off and it will all click for me! I do not plan on being in the 95% of those traders who quit. I plan on making this my full time income so I am extremely determined to make it work!! Any productive advice is welcome!!
Thank yoU in advance for your feedback!! :-)
Robin
Hi, I'm also starting and I still have a lot to learn and I do not want to give up, I hope you and the other users support me.
Member Since Nov 13, 2015
35 posts
Jan 26, 2017 at 16:55
javi3 posted:
Hi, I'm also starting and I still have a lot to learn and I do not want to give up, I hope you and the other users support me.
It's a journey, a long one, so I wish you God speed and success! Don't get demotivated if it get's tough at the beginning. Have you started trading live or still using demo to learn the things?
A knight's tale!
Jan 27, 2017 at 09:04
@javi3 I am totally agreeing with you. The world is the biggest room for learning and improvement! I support you for whatever you are dreaming for.
@robinpike If I and some people did it. I believe you can do it as well, just don't be afraid. Life is too short to be afraid.
@robinpike If I and some people did it. I believe you can do it as well, just don't be afraid. Life is too short to be afraid.
Jan 29, 2017 at 05:59
Experience will be the best teacher. One simple rule that failed me since I started forex trading is Money Management. This is the key to success for every trader. Manage this well and you will profit in the long run.
Dont give up and learn from other mistakes. Know how the market move and why? Lots to learn from many forex websites. Do lots of reading and backtests.
Dont give up and learn from other mistakes. Know how the market move and why? Lots to learn from many forex websites. Do lots of reading and backtests.
Let's Profit Everyday!
Feb 10, 2017 at 13:10
mohdforex posted:
Experience will be the best teacher. One simple rule that failed me since I started forex trading is Money Management. This is the key to success for every trader. Manage this well and you will profit in the long run.
Dont give up and learn from other mistakes. Know how the market move and why? Lots to learn from many forex websites. Do lots of reading and backtests.
I agree with you here. But why the Money Management failed you (not sure if I understood this correctly)?
Trade fast, learn fast, never regret!
Member Since Oct 29, 2022
3 posts
Oct 29, 2022 at 07:06
I agree with you.
Member Since Sep 13, 2022
6 posts
Nov 02, 2022 at 09:42
I think the best education comes from a variety of sources. You have to be able to tap into different sources of knowledge in order to be truly educated about fx.
For me, when it comes to forex, I like to get my education from a mix of forums, Youtube videos and courses. I think each source has its own strengths and weaknesses, but by using all three, I can get a well-rounded education and just input that in my trading.
For me, when it comes to forex, I like to get my education from a mix of forums, Youtube videos and courses. I think each source has its own strengths and weaknesses, but by using all three, I can get a well-rounded education and just input that in my trading.
Nov 02, 2022 at 12:10
HoodedStiff posted:
I think the best education comes from a variety of sources. You have to be able to tap into different sources of knowledge in order to be truly educated about fx.
For me, when it comes to forex, I like to get my education from a mix of forums, Youtube videos and courses. I think each source has its own strengths and weaknesses, but by using all three, I can get a well-rounded education and just input that in my trading.
I definitely agree! Reading and searching different forums, platforms website can enhance our trading knowledge.
