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Avoid predicting the markets, Rather be reactive.

polyeseter
Nov 18 2020 at 10:47
12 posts
LeviSievwright5 posted:
Trading is very difficult and to make this difficult thing easy you need proper money management and a trading plan. There may be a loss, but you don't have to go back from that loss, you have to learn from it.
well said i couldn't have said it better
Danny2018
Nov 18 2020 at 11:11
1 posts
tell me how i can start
please
ElliotCooke
Nov 18 2020 at 17:58
341 posts
Yes. If you are a new trader, please don't predica\t the market. Follow the market on how it goes.
polyeseter
Nov 23 2020 at 15:29
12 posts
Danny2018 posted:
tell me how i can start
please
hi @Danny2018 pls elaborate further as to on what would you like me to help with?
SteveHanks
May 24 2021 at 18:36
536 posts
Every trader should do their trading according to the market situation.
RobSchiz
May 28 2021 at 05:50
567 posts
SteveHanks posted:
Every trader should do their trading according to the market situation.
Yes. You are right. Market situation never remains same.
LyudmilLukanov
Jun 09 2021 at 06:10
845 posts
Use strategy to make a profit rather than making random trades.
Elena Triston (ele020)
Jun 11 2021 at 06:00
219 posts
Follow this, understand the current market situation, stay updated with major economic events, set your risk reward ration, check for the best entry price , set SL and TP, place the trade.
The more your practice, the more you learn.
Ariest
Aug 04 2021 at 11:01
29 posts
It will be necessary to learn to understand in many directions in order to take into account all the points that can somehow affect the course of trading
SofieAndreasen
Sep 05 2021 at 13:40
759 posts
Proper analysis can help you to predict the future market.
mattieharper
Sep 06 2021 at 07:11
16 posts
@SofieAndreasen i don't concur , no analysis helps you predict the market but they help you to make your strategies as per previous market movements.
Akasuki
Sep 06 2021 at 07:15
593 posts
Every trader should have strategy and plan and they should stick to it. It the market situation is not supporting your system, stay away from the market.
polyeseter
Sep 06 2021 at 11:17
12 posts
Akasuki posted:
Every trader should have strategy and plan and they should stick to it. It the market situation is not supporting your system, stay away from the market.
true that a strategy is needed, for example one can never bet on a horse they dont have any info on
polyeseter
Sep 06 2021 at 11:34
12 posts
mattieharper posted:
@SofieAndreasen i don't concur , no analysis helps you predict the market but they help you to make your strategies as per previous market movements.
well said there @mattieharper
Reece Rispoli (reece22)
Sep 06 2021 at 19:49
70 posts
polyeseter posted:
when i started trading i learnt a few strategies and pair patterns but was still loosing more than i can make, but this was only until i learned to rather react than predict, so i would recite to myself 'reacting is trading and predicting is gambling' keep in mind you must not be emotional about losses,
 what also played a big role in my improvement was to understand that when it is said that about 70% looses their money, for me it was 'out of 10 trades you will loose 7 and win 3 ' so my 3 wins has to bring in more than all 7 loses😄 now this has made trading exciting even more
keep calm and a focused mind wishing y'all a successful trading journey


Good post totally agree
SteveHanks
Nov 13 2021 at 17:47
536 posts
polyeseter posted:
Akasuki posted:
Every trader should have strategy and plan and they should stick to it. It the market situation is not supporting your system, stay away from the market.
true that a strategy is needed, for example one can never bet on a horse they dont have any info on
Proper strategy can make you rich.
KhoiDam
Jan 13 at 19:36
20 posts
I quite agree with you, it sometimes is almost impossible to predict the market and the future price movement, however fir this thing we use technical or fundamental analysis. Everything here is concluded in the theory of possibility and all traders have to understand it. If you know technical analysis on hundred percent it doesn't mean that you will know the future direction of the price of particular assets.
As for the reacting, then of course you should followe the latest news and always be ready for fast changes, for example, if you see that the price goes high and it literally flies to the moon, then yiu should find a moment when open short position, if you will do it on top, then you will definitely close this position in plus.
Shakashakar
Jan 20 at 20:42
21 posts
It's pretty right policy, however avoid predicting the markets sometimes might be harmful for you. You know, trading activity is based on predictions, so basically, you have to predict the future price movement on particular assets. If you will just remain rwactive, then of coursde it might bring you profits, for example, if you see that your asset goes to the moon you can definitely open a position in short, because such movements also are followed by correction to the previous levels. I believe that here everything must be combined, if you will predict the market and react quickly on various changes on the market, then nothing will be able to break you down.
RobSchiz
Jan 23 at 18:55
567 posts
ElliotCooke posted:
Yes. If you are a new trader, please don't predica\t the market. Follow the market on how it goes.
I agree with you. New traders shouldn't predict the market.
frandunn
Jan 27 at 07:37
20 posts
It’s true that you have to predict the market to make good profits. But do you think you will be able to do that from the very beginning when you don’t even have any idea about what is happening. No, right! So, first, educate yourself, gain experience by going with the market, and then, practice predicting it.
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