How do you know your a experienced trader?
forex_trader_29148
Member Since Feb 11, 2011
1916 posts
Oct 31, 2011 at 13:22
IT'S WHEN YO'VE MADE MISTAKES ,LOST $$ AND NOT REPEATING THOSE MISTAKES AND NOW MAKING$$
forex_trader_25763
Member Since Dec 27, 2010
7 posts
Oct 31, 2011 at 16:11
(edited Oct 31, 2011 at 16:13)
I found to be successful in Forex, all you need is good skills on Technical Analysis and keep your ears open on the Fundamental side. You need to love what you are doing and Read, Read and more Read on the subject.
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Dec 06, 2011 at 16:10
PureMuscle posted:
You know you are an experienced trader when you can differentiate between 'your' and 'you're' and you don't post the exact same thing that a person above you posted.
So success in the forex market is dependant on english literacy and forum ethics?
A person is only limited by the thoughts he chooses.
Dec 06, 2011 at 16:34
PureMuscle posted:
You know you are an experienced trader when you can differentiate between 'your' and 'you're' and you don't post the exact same thing that a person above you posted.
OK, that's perfectly clear. And how do you know you could be next year's Spelling Bee Champion? 😁
Surround yourself with people whose eyes light up when they see you and who have no agenda for your reform.
forex_trader_36599
Member Since May 13, 2011
1341 posts
Dec 06, 2011 at 19:38
if when you take back your looses you are experienced trader
fantasykid posted:
So I see most people are traders for a couple of years but there is many factors to becoming an experienced trader. When do you graduate to becoming the guru of forex? Is it a time thing, a profit factor, or just losing your shirt so many times that you have learned. Who can you trust to get some facts from, the right advise so to speak. I know the first thing that comes to mind is well they make money. Well you can make money just at a normal job but that may not mean your a guru so to speak. I don't know maybe its the way people talk about forex that makes you a pro. The fancey lingo for all the different terms to forex. There is so many people who hide behind a wall of smarts but really they are a con. So I ask, 'Are you an experienced trader?'😎
Member Since Dec 05, 2011
4 posts
Dec 07, 2011 at 07:15
You know you are experienced enough.... when one can extract Pips at will.....control over greed... and leave some Pips on the table for others in queue...:)
SG
SG
fantasykid posted:
So I see most people are traders for a couple of years but there is many factors to becoming an experienced trader. When do you graduate to becoming the guru of forex? Is it a time thing, a profit factor, or just losing your shirt so many times that you have learned. Who can you trust to get some facts from, the right advise so to speak. I know the first thing that comes to mind is well they make money. Well you can make money just at a normal job but that may not mean your a guru so to speak. I don't know maybe its the way people talk about forex that makes you a pro. The fancey lingo for all the different terms to forex. There is so many people who hide behind a wall of smarts but really they are a con. So I ask, 'Are you an experienced trader?'😎
" You don't play things as they are on your pink guitar" Things as they are......are changed upon my pink guitar.
forex_trader_46166
Member Since Aug 30, 2011
73 posts
Dec 07, 2011 at 11:42
When you have made mistakes, maybe lost some $$ but have learned from each one and never repeated.
Also when you can instantly take a trade that is within your strategy without hesitation or the worry of will this win or will it loose. Also if that trade looses and the next one after you can carry on consistently without becoming an emotional wreck... and of course make consistent profits.. while taking full responsability for any transactions, that is not blaming or resenting the market for any wins or losses... the market is indifferent about us so we should be indifferent about the market.
Thats just my opinion though.
Also when you can instantly take a trade that is within your strategy without hesitation or the worry of will this win or will it loose. Also if that trade looses and the next one after you can carry on consistently without becoming an emotional wreck... and of course make consistent profits.. while taking full responsability for any transactions, that is not blaming or resenting the market for any wins or losses... the market is indifferent about us so we should be indifferent about the market.
Thats just my opinion though.
Member Since Jul 15, 2011
4 posts
Dec 08, 2011 at 09:36
(edited Dec 08, 2011 at 09:38)
I totally agree, but I would add : you know you are an experienced trader simply when you understand your best 'ennemy' is neither the market nor other traders but you. That is to say when you know if you can strictly follow your trading strategy and money management. That is why I trade automatically with Expert Advisors for example...
forex_trader_46166
Member Since Aug 30, 2011
73 posts
Dec 08, 2011 at 10:35
Very true - taking responsibility for any outcome - its a must.
Member Since Apr 01, 2011
12 posts
Mar 26, 2012 at 08:59
apart from discussing strategies, rules and anything else, hen i make at least 25% of my account each month with basically zero risk, i know i`m a good trader :)
cheers and respect to all the good traders out there!
cheers and respect to all the good traders out there!
Mar 26, 2012 at 09:03
henrygothie posted:
apart from discussing strategies, rules and anything else, hen i make at least 25% of my account each month with basically zero risk, i know i`m a good trader :)
cheers and respect to all the good traders out there!
Basically 0% risk..? You must be a legendary trader!
A person is only limited by the thoughts he chooses.
Member Since Apr 01, 2011
12 posts
Mar 26, 2012 at 09:30
i`m not legendary.
Member Since Mar 26, 2012
15 posts
Mar 26, 2012 at 23:32
Hello Everyone!
My name is Denis and I am new here!
Been trading forex since 2004. Very interesting question:' How do you know your a experienced trader? '
I will try to add my answer as contribute to this subject!
Well, there are so many things which I could mention but what is the essence?
Essence is the edge!
If you can explain to someone else 'mathematical edge' and 'price behavior in time manner' so clearly that he can understund and trade accordingly after 20-30 days then I would say for that person that he is experienced trader.
The best way to explain to your self is to explain to someone else!!!
That is maybe the reason why is there so many false teachers out there!!!
My name is Denis and I am new here!
Been trading forex since 2004. Very interesting question:' How do you know your a experienced trader? '
I will try to add my answer as contribute to this subject!
Well, there are so many things which I could mention but what is the essence?
Essence is the edge!
If you can explain to someone else 'mathematical edge' and 'price behavior in time manner' so clearly that he can understund and trade accordingly after 20-30 days then I would say for that person that he is experienced trader.
The best way to explain to your self is to explain to someone else!!!
That is maybe the reason why is there so many false teachers out there!!!
It is most important to have your risk setup to zero!
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