Successful trading

Feb 28, 2019 at 13:26
4,422 Angesehen
99 Replies
Mitglied seit Aug 09, 2017   785 Posts
Feb 28, 2019 at 13:26
Successful trading is depend on most powerful analyzing trade knowledge , on the other hand , despite of good trading knowledge that’s not possible at all to lead a successful trading life at all if you don’t have a reliable support from a credible trading broker , because the broker can affects the result of our trading with certainly.
Mitglied seit Feb 28, 2019   10 Posts
Feb 28, 2019 at 14:34
That is very true. I think that a the most important thing is knowledge and experience. Broker just needs to be good enough to provide reliable price data and good spreads
Mitglied seit Apr 18, 2017   920 Posts
Mar 01, 2019 at 11:00
Well said; knowledge is the key! There is no way without trading knowledge; even basic knowledge is not enough here! Traders need advance trading knowledge & skill for sure.
Mitglied seit Oct 23, 2018   9 Posts
Mar 01, 2019 at 13:29
Where is the best place for advanced knowledge? babypips is good for the basics but where can you get the real advanced stuff that makes a difference
Mitglied seit Feb 08, 2019   213 Posts
Mar 03, 2019 at 07:15
There's also the psychological aspect of trading. You can't be a successful trader if your head game is not right
Mitglied seit Aug 09, 2017   785 Posts
Mar 03, 2019 at 07:16
In Fx trading, learning is not easy despite of having too many sources including pips school, learning sometimes boning and usually new traders get tempts to start trading without enough knowledge and become fascinated with the way of trading live which may cause laziness and trapped by wishful thinking get rich quickly scheme
Mitglied seit Feb 12, 2019   10 Posts
Mar 04, 2019 at 11:29
Imamul posted:
In Fx trading, learning is not easy despite of having too many sources including pips school, learning sometimes boning and usually new traders get tempts to start trading without enough knowledge and become fascinated with the way of trading live which may cause laziness and trapped by wishful thinking get rich quickly scheme

If anything there are TOO many resources for new traders. It is difficult to know where to start , what is good and what is bad. A lot of time can be wasted learning bad system or following bad traders.
Mitglied seit Feb 11, 2018   3 Posts
Mar 05, 2019 at 07:02
Mindset is the key for successful trading, without the right mindset there is no future for someone in forex.
Mindset is the key to wealth
Mitglied seit Feb 08, 2019   213 Posts
Mar 05, 2019 at 07:37
True
Mitglied seit Feb 07, 2019   47 Posts
Mar 05, 2019 at 07:50
AlHashim posted:
Imamul posted:
In Fx trading, learning is not easy despite of having too many sources including pips school, learning sometimes boning and usually new traders get tempts to start trading without enough knowledge and become fascinated with the way of trading live which may cause laziness and trapped by wishful thinking get rich quickly scheme

If anything there are TOO many resources for new traders. It is difficult to know where to start , what is good and what is bad. A lot of time can be wasted learning bad system or following bad traders.

yes this is so true, i am trying to learn but knowing where to start is really difficult.
Mitglied seit Feb 08, 2019   213 Posts
Mar 06, 2019 at 08:30
Just master one thing at a time and then move on to the next otherwise you will mash your head
Mitglied seit Jun 10, 2017   36 Posts
Mar 06, 2019 at 12:50
Just take time to dedicate yourself, you will never learn everything in a week. Risk management is number one, then learning a single technique at a time will help to master it.
Mitglied seit Feb 08, 2019   213 Posts
Mar 18, 2019 at 06:47
Teejy88 posted:
Just take time to dedicate yourself, you will never learn everything in a week. Risk management is number one, then learning a single technique at a time will help to master it.

Agreed
Mitglied seit Feb 22, 2011   4862 Posts
Mar 18, 2019 at 06:51
Treeny posted:
Just master one thing at a time and then move on to the next otherwise you will mash your head

Create trading plan
Stick to it.
If it works keep it
If it does not work go back to create trading plan.
Mitglied seit Mar 18, 2019   11 Posts
Mar 18, 2019 at 15:10
How long would you stick with a trading plan before you decide that it does now work?
forex_trader_688163
Mitglied seit Feb 28, 2019   140 Posts
Mar 19, 2019 at 07:14
LeBuffon posted:
How long would you stick with a trading plan before you decide that it does now work?

For me, if I can make profits within a year and after that I got stop out, I can say that my trading plan is work.
I will make sure that my profits is bigger than my invested capital.

But, it may different with others. Some traders may feel that, their trading plan is work if they don't get any stop out.
Mitglied seit Feb 22, 2011   4862 Posts
Mar 19, 2019 at 12:48
LeBuffon posted:
How long would you stick with a trading plan before you decide that it does now work?

It depends on strategy. Usually after 100 trades.
Mitglied seit Apr 18, 2017   920 Posts
Mar 19, 2019 at 13:55
Nasrul_Swing posted:
LeBuffon posted:
How long would you stick with a trading plan before you decide that it does now work?

For me, if I can make profits within a year and after that I got stop out, I can say that my trading plan is work.
I will make sure that my profits is bigger than my invested capital.

But, it may different with others. Some traders may feel that, their trading plan is work if they don't get any stop out.

Basically, expecting 100% success ratio is illogical. There is no trader who can makes 100% profit ratio. It doesn’t exist.
Mitglied seit Aug 09, 2017   785 Posts
Apr 09, 2019 at 13:40
for success Only good trading knowledge cannot brings profit regularly. Besides trading knowledge you have to focus on money and risk management which is the key to success in Forex trading.
Mitglied seit Feb 28, 2019   10 Posts
Apr 10, 2019 at 06:10
For true successful trading trader needs to know fundamentals. Somany trader look at technical and fail. The ones that are good and stay good are those that understand fundamentals and can read price movement
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