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Abdielfx
Aug 27 2018 at 07:23
10 příspěvků
Back4Good posted:
I became over confident after an awesome week trading. I then increased by Lot size to 1.0 Lot thinking I was going to be a millionaire soon but the markets thought better. I lost a lot. I ended up revenge trading and losing my whole account. Sad times but a useful lesson

Experience teaches a lot.

diane2000_trader
Aug 29 2018 at 10:44
6 příspěvků
Abdielfx posted:
Back4Good posted:
I became over confident after an awesome week trading. I then increased by Lot size to 1.0 Lot thinking I was going to be a millionaire soon but the markets thought better. I lost a lot. I ended up revenge trading and losing my whole account. Sad times but a useful lesson

Experience teaches a lot.
Better than anything else, in my opinion

Dandelion
Aug 29 2018 at 10:47
10 příspěvků
Continuous education plus experience is the key to getting Forex right. No guarantees you will but without that you will definitely fail

Ganapati FX (rey_shooter)
Aug 29 2018 at 11:53
17 příspěvků
Dandelion posted:
Continuous education plus experience is the key to getting Forex right. No guarantees you will but without that you will definitely fail


agreed with that... learning never ending... lot of education needed to beat the market...knowing your self...your emotion...controlled it...do a consistent is the key in the forex 😀

GreenTrades
Aug 29 2018 at 11:55
11 příspěvků
Dandelion posted:
Continuous education plus experience is the key to getting Forex right. No guarantees you will but without that you will definitely fail


Very true. Continuous education is more like a theory part which is pretty boring. But if done continuous learning with continuous experience, it becomes interesting plus knowledge is growing fast and may become good trader if strategy + logic + management is good.

estraub
Aug 30 2018 at 06:41
23 příspěvků
Overconfidence is dangerous.
Trading without knowledge is even more so.
Just ask me. 😳



Přílohy :


clairepips009
Aug 30 2018 at 08:28
3 příspěvků
estraub posted:
Overconfidence is dangerous.
Trading without knowledge is even more so.
Just ask me. 😳


Right. No knowledge and incomplete knowledge both can be detrimental to our trading prospects.

Scotty888
Sep 02 2018 at 06:12
12 příspěvků
Overconfidence can be fixed by using a strict trading plan. I insist that my Lot size is a fixed percent of my account. This means that I won't go crazy after a good week

jaredtaylor
Aug 12 2019 at 09:34
50 příspěvků
Don’t get influenced by the results of current trades and events and ignore the past information. This thing will be problematic if your trading is affected by your fixation on your current winning or losing trades.

vontogr (togr)
Aug 12 2019 at 11:26
4862 příspěvků
There is no easy way to consistent profit.
I see it quite often. At the start of trading beginners luck, making 10, 20 or even 50% a week.
Trading on demo, being relaxed, trying to apply the same approach to real trading, failing to do so,
losses as results and panick.
I love my trading robots whose allow me to avoid all that :)

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