Basically we the traders in particularly the newcomers try to make money very rapidly by using high leverage and practically fall a great loss due to non-sense planning and zero risk management policy, nothing to do with high leverage at all. So, before trading with high leverage we have to know how to manage risk.
A successful trader is a trader who is able to predict the market with certainly, and he never trade at all with his emotions. Every successful trader obviously has a long term experience in this market and he never give up at all after unfortunately loss.
Mohammadi posted:
A successful trader is a trader who is able to predict the market with certainly, and he never trade at all with his emotions. Every successful trader obviously has a long term experience in this market and he never give up at all after unfortunately loss.
I think consistency is the point; only successful traders are consistent here. Of course, they are not making 100% success ratio; but trading with a decent return!
I agree with you. Keeping them at bay is one of the major challenges i face as a trader.
Nov 13 2019 at 22:59
Tons of resources out there for tech analysis. Probably a lot on this forum to get you started :)
Winning...
AniLorak posted:
I think consistency is the point; only successful traders are consistent here. Of course, they are not making 100% success ratio; but trading with a decent return!
i agree, consistency is what beginners should focus on while starting,it is that'll help them in the long run.
VirgoG posted:
i agree, consistency is what beginners should focus on while starting,it is that'll help them in the long run.
Not only the consistency, but also the discipline and the mentality level as well. Without those, you cannot make a good decision and letting the emotion getting in the way and as a result, there is no consistency level in trading.
The main thing is to evaluate yourself objectively. You should know your strengths and weaknesses and only then will you be a trader who can succeed. All other things stem from this basic principle.
Aug 27 2020 at 17:24
If you want to become successful in this market, you need to learn all the basics of forex properly. You can learn forex from a demo account.
Aug 27 2020 at 21:15
@Mohammadi
Its too much to tell about in a comment.
Google is best for such queries.
In simple words trading is a table with three legs.
1.technical analysis. -deals with mathematics involved in charts
2.fundamental analysis. -deals with global news and their incoming data via economic calendar
3.sentimental analysis. - deals with gross long and short positions in an instrument at current time.
Now you can keep googling more about this.
Its too much to tell about in a comment.
Google is best for such queries.
In simple words trading is a table with three legs.
1.technical analysis. -deals with mathematics involved in charts
2.fundamental analysis. -deals with global news and their incoming data via economic calendar
3.sentimental analysis. - deals with gross long and short positions in an instrument at current time.
Now you can keep googling more about this.
Indicators are so deceiving, always lagging. Trend lines & Calendars are the best.
