5 Things I have learned in 5 years of trading!
Mitglied seit Oct 27, 2020
16 Posts
May 02, 2022 at 09:31
There are things that I learnt while trading forex which helped me in real life too. It helped me in money management and limiting my expenditure.
Mitglied seit Oct 27, 2020
18 Posts
May 05, 2022 at 06:23
All the points covered are really good. This post is really helpful for the traders especially the beginners will be greatly benefitted from this. There’s a lot to learn here and I agree with all the points. Yes, a broker is not mandatory, most social media “gurus” are scammers, you need to develop your own strategy, learning is important before trading, and keeping realistic goals, all the points are very well said.
May 09, 2022 at 13:34
Your 5 points are important! Maximum traders don’t trade in demo acciount and its’ their fault. They take demo trading as a very simple factor. But this demo trading strengthens the basement of a trader. Expert traders also use demo account to retain their expertism for a long time.
Mitglied seit Jan 11, 2022
45 Posts
May 13, 2022 at 04:39
Here are the 3 things I have learnt in my career-
1. Learning risk management is equally important as learning technical analysis.
2. Money management is more important than using leverage.
3. In order to make consistent profits in forex trading, you need dedication, lot of time, and discipline
1. Learning risk management is equally important as learning technical analysis.
2. Money management is more important than using leverage.
3. In order to make consistent profits in forex trading, you need dedication, lot of time, and discipline
May 13, 2022 at 05:43
Here are 5 things that I have learnt from my experience in forex trading -
1. The essence and importance of money management and savings.
2. The importance of knowing and practising risk management.
3. The necessity to plan a strategy before trading.
4. It is important to control emotions, especially negative emotions, and keep them at bay when taking any trading decision.
1. The essence and importance of money management and savings.
2. The importance of knowing and practising risk management.
3. The necessity to plan a strategy before trading.
4. It is important to control emotions, especially negative emotions, and keep them at bay when taking any trading decision.
Mitglied seit May 10, 2022
9 Posts
May 13, 2022 at 10:25
shortant posted:How did you manage to control emotions?
4. It is important to control emotions, especially negative emotions, and keep them at bay when taking any trading decision.
Mitglied seit May 11, 2022
6 Posts
May 13, 2022 at 10:59
My points (15 years of trading experience) which I think are important:
1. Use StopLoss
2. Let profits run
3. Practice on demo accounts for a longer period of time (min. 3 months) to get a feel for the market or to test strategies
4. Don't go in expecting to make a quick buck
5. Learn from your mistakes and write them down to do better next time
6. Use a broker with stable servers and low costs
Learning to trade is a long and difficult journey. It can take years to find a trading style that suits you.
1. Use StopLoss
2. Let profits run
3. Practice on demo accounts for a longer period of time (min. 3 months) to get a feel for the market or to test strategies
4. Don't go in expecting to make a quick buck
5. Learn from your mistakes and write them down to do better next time
6. Use a broker with stable servers and low costs
Learning to trade is a long and difficult journey. It can take years to find a trading style that suits you.
Mitglied seit Jul 20, 2020
399 Posts
May 14, 2022 at 14:48
Pyrotrading posted:
My points (15 years of trading experience) which I think are important:
1. Use StopLoss
2. Let profits run
3. Practice on demo accounts for a longer period of time (min. 3 months) to get a feel for the market or to test strategies
4. Don't go in expecting to make a quick buck
5. Learn from your mistakes and write them down to do better next time
6. Use a broker with stable servers and low costs
Learning to trade is a long and difficult journey. It can take years to find a trading style that suits you.
Love this, i think these points 1-3 can be achieved by having a trading plan and sticking to it. I think it's so key to have your rules set out and in a way it takes the emotional pressure off people's trading
May 15, 2022 at 17:09
CraigMcG2020 posted:Agree mate. But I would love to see what you have learned about strategy and analysisPyrotrading posted:
My points (15 years of trading experience) which I think are important:
1. Use StopLoss
2. Let profits run
3. Practice on demo accounts for a longer period of time (min. 3 months) to get a feel for the market or to test strategies
4. Don't go in expecting to make a quick buck
5. Learn from your mistakes and write them down to do better next time
6. Use a broker with stable servers and low costs
Learning to trade is a long and difficult journey. It can take years to find a trading style that suits you.
Love this, i think these points 1-3 can be achieved by having a trading plan and sticking to it. I think it's so key to have your rules set out and in a way it takes the emotional pressure off people's trading
Mitglied seit Jul 20, 2020
399 Posts
May 22, 2022 at 14:32
Maidas888 posted:CraigMcG2020 posted:Agree mate. But I would love to see what you have learned about strategy and analysisPyrotrading posted:
My points (15 years of trading experience) which I think are important:
1. Use StopLoss
2. Let profits run
3. Practice on demo accounts for a longer period of time (min. 3 months) to get a feel for the market or to test strategies
4. Don't go in expecting to make a quick buck
5. Learn from your mistakes and write them down to do better next time
6. Use a broker with stable servers and low costs
Learning to trade is a long and difficult journey. It can take years to find a trading style that suits you.
Love this, i think these points 1-3 can be achieved by having a trading plan and sticking to it. I think it's so key to have your rules set out and in a way it takes the emotional pressure off people's trading
Of course im always here to help with questions. I am now institutionally orientated so i follow order flow and liquidity
Mitglied seit Jun 07, 2021
72 Posts
May 23, 2022 at 06:01
Very important and realistic information for every type of trader. Along with these, traders should believe in forex analysis and practise with patience.
Mitglied seit May 13, 2022
22 Posts
May 25, 2022 at 07:26
1. Learning and upskilling are the most important parts of a trading career.
2. Do not believe every opinion.
3. You can not just copy and paste a strategy.
4. Trading requires patience and discipline.
5. Set realistic goals.
2. Do not believe every opinion.
3. You can not just copy and paste a strategy.
4. Trading requires patience and discipline.
5. Set realistic goals.
Mitglied seit Apr 09, 2019
538 Posts
May 25, 2022 at 09:01
Firmly agree with all points you have made there. Especially number 3. Something that needs to be made clear to many newer traders.
If you can't spot the liquidity then you are the liquidity.
Mitglied seit Jul 20, 2020
399 Posts
May 28, 2022 at 10:18
Bransle posted:
All traders need to know what other traders are doing. But it doesn’t mean that your trading decisions must solely be based on what others tell you about. You must do your own analysis to be able to make the right moves.
How do you mean traders need to know what other trader's are doing? im not sure i agree, just for the fact we trade the market not other traders
May 30, 2022 at 20:59
CraigMcG2020 posted:Actually the truth is somewhere between.Bransle posted:
All traders need to know what other traders are doing. But it doesn’t mean that your trading decisions must solely be based on what others tell you about. You must do your own analysis to be able to make the right moves.
How do you mean traders need to know what other trader's are doing? im not sure i agree, just for the fact we trade the market not other traders
momchil_slavov@
Mitglied seit May 13, 2022
34 Posts
Jun 02, 2022 at 04:59
Good to see such posts coming from experienced traders like you. I totally agree with all your points. It is important to stop comparing yourself with others when it comes to trading. Your competition should be with your past self and not someone else. See how you can become a better version of yourself rather than trying to beat someone else. Just keep learning and growing at your own pace. Focus on work and forget the result will be that one quote that will help you in your journey as a forex trader. Thank you for sharing your experience and valuable thoughts with us.
