Mar 01 at 04:10
LeviSievwright5 posted:
Forex Risky Market. So if you want to control this risk, you must maintain a 1: 2 risk ratio. That way you can see success.
I also agree and follow this ratio in my trading.
Mar 01 at 04:59
Reading many of the answers has given me a new perception and I cannot agree more. Success in monetary terms can still be measured in pips. But the real success is when you improve yourself over time and learn new skills to keep breaking your own records.
Mar 01 at 10:26
For every trader, success comes differently. Some traders are happy with 1-2% profits while there are many who don’t get satisfied even if they are making 25% per trade. It is all a matter of acceptance and believing that you can do better.
Mar 01 at 12:02
LeviSievwright5 posted:
Forex Risky Market. So if you want to control this risk, you must maintain a 1: 2 risk ratio. That way you can see success.
I’m just a curious trader here; what’s you win:loss %
Gleywilleyy posted:
For every trader, success comes differently. Some traders are happy with 1-2% profits while there are many who don’t get satisfied even if they are making 25% per trade. It is all a matter of acceptance and believing that you can do better.
I completely agree with you. Gone is the time when I was focusing on improving my profits. But after gaining some experience in the market, I realized that I should focus on improving my skills because that’s what will help me get profits in the long run. Since then, I keep trying new things with my brokers- Fxview and IG and write about them in my trading journal to learn from my own mistakes.
Mar 01 at 19:11
By doing forex making money is not easy. We may say access to the market is very easy and with little investment you can start it. To make money you need to learn the art of trading. But the learning process is long. You have to keep patience.
Mar 03 at 13:25
DanielGlaus posted:
By doing forex making money is not easy. We may say access to the market is very easy and with little investment you can start it. To make money you need to learn the art of trading. But the learning process is long. You have to keep patience.
Do you think everybody becomes successful eventually, those with patience?! Just a thought, if only 1 was to be chosen, which one would it be: skills or patience?
Mar 04 at 09:20
desertdye posted:Gleywilleyy posted:
For every trader, success comes differently. Some traders are happy with 1-2% profits while there are many who don’t get satisfied even if they are making 25% per trade. It is all a matter of acceptance and believing that you can do better.
I completely agree with you. Gone is the time when I was focusing on improving my profits. But after gaining some experience in the market, I realized that I should focus on improving my skills because that’s what will help me get profits in the long run. Since then, I keep trying new things with my broker IG and write about them in my trading journal to learn from my own mistakes.
That’s true! Continuous improvement is undoubtedly the best hedge against future risk. The market will as is its basic nature and a trader must be ready to continually improve to remain successful and competitive. Without improvement, you can lose your competitive advantage.
Mar 04 at 11:18
russellgutierrez posted:
Reading many of the answers has given me a new perception and I cannot agree more. Success in monetary terms can still be measured in pips. But the real success is when you improve yourself over time and learn new skills to keep breaking your own records.
Making good or bad trades might not be in our hands. But to keep moving is surely in our hands. A bad trade cannot decide our destiny. We have to keep moving to take advantage of different opportunities the forex market offers.
Gleywilleyy posted:
For every trader, success comes differently. Some traders are happy with 1-2% profits while there are many who don’t get satisfied even if they are making 25% per trade. It is all a matter of acceptance and believing that you can do better.
It’s true that somewhere, we all entered the forex market with the aim of making money. But with time I have realized that you are your own competitor. You have to focus on getting more successful than you were the day before.
