To shine in forex
May 06, 2021 at 16:39
ethelaguilar posted:Need to keep a professional trading mindset. When I trade as a beginner trader, I have to learn a lot and create a professional trader mindset.
Yes, professional attitude and the right trading mindset is something every trader should try to adopt.
May 08, 2021 at 13:28
It is possible to make million out of forex only in the event that you have sufficient skills and expertise. And to receive enough abilities it requires years. Don't get frustrated. This is the fact. I'd recommend newbie to understand candlestick, technical analysis and trading psychology.
May 08, 2021 at 13:36
@Akasuki Without trading knowledge, making money is not possible. One requires very deep comprehension of the market. Most novices make the error of not focusing on understanding. They concentrate on earning without understanding. And lose the amount on constant basis.
May 10, 2021 at 10:32
Forex market place is a part of ocean where there is anyone who can survive in a proper way without most powerful analyzing trade knowledge; if you are a newcomer please go to Babypips School which is very supportive for the newcomers to acquire all fundamental knowledge. And trade a demo account at any broker, learning and practicing is a great combination and this can will help you must be if you try it.
lovefortrading (perryjohn765)
Mitglied seit Sep 12, 2017
238 Posts
May 10, 2021 at 10:51
for shining one needs to be disciplined and focussed on what and when to do
Mitglied seit Dec 05, 2020
81 Posts
May 13, 2021 at 11:54
Practice and experience is what will help you shine in forex. That has given me great results atleast :D
FedericoLin (FedericoLin)
Mitglied seit Mar 23, 2020
20 Posts
May 13, 2021 at 16:42
Patience, discipline and never giving up
Experience is the hardest teacher because she gives the test first, the lesson afterward.
Mitglied seit Mar 30, 2021
9 Posts
May 14, 2021 at 10:10
Never stop learning and analyse EVERYTING
Mitglied seit Jun 29, 2020
38 Posts
May 15, 2021 at 08:30
Knowing simply the basics won’t suffice. When I first created a demo account after doing a half-baked course on trading, I thought I had the ground covered and went live after a week on demo trading. Obviously i lost all my money. So no, only basic knowledge will not do.
Polishing, or “shining” of skills is so important.
Backtesting is important.
Consistent rework on trading plans is important.
Because when I restarted my trading career with the same broker and the same platform, but with a different approach, I saw profits.
So there’s no room for complacency in trading, practice and practice more!
Polishing, or “shining” of skills is so important.
Backtesting is important.
Consistent rework on trading plans is important.
Because when I restarted my trading career with the same broker and the same platform, but with a different approach, I saw profits.
So there’s no room for complacency in trading, practice and practice more!
Mitglied seit May 31, 2021
13 Posts
May 31, 2021 at 06:43
To shine in the forex, along with knowledge, discipline and patience, traders should keep in mind the following points as well:
-Choose and test a consistent trading strategy.
-Set a risk/reward ratio to 1:2 or higher.
-Set realistic profit targets.
-Avoid the use of high leverages.
-Do not invest more than 5% of trading capital on each trade.
-Keep a trade journal.
-Do regular market research.
-Choose and test a consistent trading strategy.
-Set a risk/reward ratio to 1:2 or higher.
-Set realistic profit targets.
-Avoid the use of high leverages.
-Do not invest more than 5% of trading capital on each trade.
-Keep a trade journal.
-Do regular market research.
Mitglied seit May 31, 2021
35 Posts
May 31, 2021 at 07:20
eddieteddie posted:Agreed to your all points, these will definitely help each and every trader here.
To shine in the forex, along with knowledge, discipline and patience, traders should keep in mind the following points as well:
-Choose and test a consistent trading strategy.
-Set a risk/reward ratio to 1:2 or higher.
-Set realistic profit targets.
-Avoid the use of high leverages.
-Do not invest more than 5% of trading capital on each trade.
-Keep a trade journal.
-Do regular market research.
Mitglied seit May 31, 2021
48 Posts
May 31, 2021 at 07:50
Trading is an art, and the only way to become proficient is through consistent and disciplined practice.
May 31, 2021 at 16:18
winning_trades posted:Yes, you are right. It is never possible to trade without a positive mentality. I as a trader think that a trading mindset should be created by controlling emotions with patience.
Trading is an art, and the only way to become proficient is through consistent and disciplined practice.
Chelsea Blacks (blackChelsea)
Mitglied seit Jan 22, 2021
125 Posts
Jun 02, 2021 at 09:26
If you have discipline in your life, it will automatically reflect in trading also. Try to improve holistically, wake up early , first disciplined thing you have done and it motivates you to do further more.
