Mar 01 2021 at 12:02
LeviSievwright5 posted:I’m just a curious trader here; what’s you win:loss %
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.
Mar 01 2021 at 12:58
Gleywilleyy posted: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.
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 2021 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 2021 at 13:25
DanielGlaus posted: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?
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 04 2021 at 09:20
desertdye posted: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.Gleywilleyy posted: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.
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 04 2021 at 11:18
russellgutierrez posted: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.
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 04 2021 at 12:35
Gleywilleyy posted: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.
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 05 2021 at 06:38
Garrychris554 posted:It’s true that the market offers never ending opportunities to traders. It is up to us how we understand and make use of them. It’s been a year since I started to trade forex and since then, I have tried several strategies to find the best for me. Some strategies worked better than others but I am sure that there are still many options that I am yet to explore.
Set new records and break them with every trade you execute. No need to settle for what you have already achieved. Instead, try to do better and bigger the next day. Though I am making consistent profits with ICM, I know I can do better. And when I am satisfied with what I have done, I will call it my most successful trade.
Mar 09 2021 at 10:44
I’d rather count patience as my skill. Sitting back patiently while waiting for the right trading setup among hundreds to pop-up on the screen needs some credit.
Mar 09 2021 at 12:59
I’ll weigh the research and analytical skills to monitor the day-to-day chart patterns that can impact the financial market, in my opinion more than the virtue that’s patience.
Mar 10 2021 at 13:09
The up and down, give and take fluctuations of the forex market can test the true patience of every trader. The ones who can wait patiently can succeed in the longer run for sure.
Mar 12 2021 at 05:58
My successful trades keep on changing as I am very much active in the trading market and I trade frequently. Some of the times I don’t earn that good but sometimes I do much better than my previous trades.
Mar 12 2021 at 06:08
success is not easy we know very well but still we try to bring success with no learning ,
as a result we become loser when try to make it in practical.
as a result we become loser when try to make it in practical.
Mar 12 2021 at 10:29
luck is really important if you know to trade well and have good knowledge and experience , without knowledge there is no good lcuk
Mar 12 2021 at 11:01
Though I am happy to see that almost all of these replies are positive, I don’t know why I am not able to earn that good. I have tried changing my strategies a number of times, given good commission to my broker, still no success.
Mar 12 2021 at 11:22
knowledge and experience needed i agree with you , but it can be valueless if you dont have regular practice , so besides acquiring good knowledge its more appropriate to emphasis on practice session.
Mar 13 2021 at 09:43
jimmyneeesham posted:Don’t lose hope. If you have tried doing everything, then give one more try and change your broker. Choose a good broker for yourself and demo trade for some time. Learn things and then shift to the live market. If you are having a hard time finding one, I can suggest some. Go with XM or maybe IG. They won’t charge you a huge fee for trading. You could also elaborate on the strategies that you’ve been using, perhaps you can get help on that aspect too. There are a lot of very experienced traders here on this forum.
Though I am happy to see that almost all of these replies are positive, I don’t know why I am not able to earn that good. I have tried changing my strategies a number of times, given good commission to my broker, still no success.
Mar 15 2021 at 05:00
jimmyneeesham posted:You will start earning a good amount very soon. Don’t worry. And avoid paying a huge sum for commissions. You can get good services for less fees too. Don’t get into that trap where you feel you will be getting better services if you pay more. ICM is a good broker and does not charge and even has tighter spreads.
Though I am happy to see that almost all of these replies are positive, I don’t know why I am not able to earn that good. I have tried changing my strategies a number of times, given good commission to my broker, still no success.
Mar 15 2021 at 13:38
AmDiab posted:Ya the importance of practicing on a demo account can by no means be underestimated. Or are you one of those who think practicing on a micro account is more fruitful?
knowledge and experience needed i agree with you , but it can be valueless if you dont have regular practice , so besides acquiring good knowledge its more appropriate to emphasis on practice session.
Mar 15 2021 at 19:45
Only a good strategy is not enough for successful trading. Along with a good strategy a person also have to be sound and composed in psychologically. Otherwise he/she would end up losing a lot of money.
