@FradeauX You made a good point, especially applicable for newbees! Just set an amount to invest and find the best option according to the risk tolerance.
Organisation comes with focus - on one strategy, on one style and maybe even one instrument, or a few maximum. I like the other good advices shared here as well.
Need for speed!
@holdend yes, though to me it seems obvious. If you don't control your emotions then there is no such a clear border between trading and gambling. Unnecessary risk-bumping amounts lead to unnecessary emotions, which in their turn lead to unnecessary disappointments and unnecessary quitting of forex trading 😉
Flat space
Jan 29 2017 at 13:29
I agree – being organized helps one focus better on the task at hand, and being able to focus means one can be better organized. You could say that the two things stem from each other.
Jan 29 2017 at 21:19
I always print off reports monthly, list setups and keep a record of times when my emotions almost got the best of me, which in turn help me hold myself accountable and stay focused.
ecko85ecko@
ecko85ecko posted:
I always print off reports monthly, list setups and keep a record of times when my emotions almost got the best of me, which in turn help me hold myself accountable and stay focused.
Good point about the accountability! I like your approach of always having data for easy reference of the past performance.
Trade with determination!
It is not easy to organize your Forex trades. How to know if you have missed in organization:
1. Made a lot of losses. Missed opportunities
2. Mistakes in risk management
3. Giving away too much profits
1. Made a lot of losses. Missed opportunities
2. Mistakes in risk management
3. Giving away too much profits
Bohdan73 posted:ecko85ecko posted:
I always print off reports monthly, list setups and keep a record of times when my emotions almost got the best of me, which in turn help me hold myself accountable and stay focused.
Good point about the accountability! I like your approach of always having data for easy reference of the past performance.
Exact!..
However, I think evaluating Forex results, a recipe for success see the results of Forex trading and how the evaluation of your Forex results will help you improve your trading skills and Forex trading plan. Learning investment skills, evaluating Forex results and developing a trading plan are excellent ways to achieve higher return rates on your invested money.
Darren72 posted:
It is not easy to organize your Forex trades. How to know if you have missed in organization:
1. Made a lot of losses. Missed opportunities
2. Mistakes in risk management
3. Giving away too much profits
The lost opportunities are a real headache, especially when in commerce, after letting a great opportunity pass, there comes a 'down' of those beautiful lines. I do not know if I explain myself well, but the opportunities have to be hunted, taken and not let go
TiffanyK posted:
Setting alerts can be helpful, but I haven’t yet heard of an application that keeps your trades organized. Maybe the solution will be if YOU become more organized and then you will find a way to apply it in trading. 😀
I agree with you!..
However organizing your workspace and enjoying an orderly environment that will help a lot when investing in currency trading.
That way you will succeed. 😀
