There are three things

Dec 08, 2020 at 13:28
1,240 Angesehen
18 Replies
Mitglied seit Jul 19, 2020   298 Posts
Dec 08, 2020 at 13:28
There are three things you need to create your own strategy. Study, Practice and Study. You have to study a lot. Initially it is best to choose one single pair. Spend time to observe that pair as much as you can. Every pair has Its own characteristics. You will find some unique characteristics of that pair. Study them and test them. It's a trail and error process.
Mitglied seit Jul 20, 2020   298 Posts
Dec 09, 2020 at 00:58
It is not possible to gain profit consistently without acquiring a trading education. A trader must first acquire trading education. Then you have to apply that education and practice a lot.
Mitglied seit Nov 17, 2020   23 Posts
Dec 28, 2020 at 04:53
I completely agree with you. Learning and practising your trades is very important. Every day can be a learning experience for traders both new and advanced.
Mitglied seit Nov 04, 2020   3 Posts
Dec 31, 2020 at 07:36
I also think that concentrating on 1 pair is most beneficial. It’s easier to undertake technical and fundamental analysis on it.
Mitglied seit Dec 21, 2020   36 Posts
Dec 31, 2020 at 07:44
Trading plan, consistency and knowledge. These three things are important for me in trading.
Mitglied seit Jul 19, 2020   298 Posts
Dec 31, 2020 at 13:01
The first step of trading is to understand that it needs a lot of time and efforts to be skilled enough. There is no short cuts. If you can't give enough time and effort in learning just leave it. You have to go through the full learning process. Just by following some ready-made strategies, nothing going to happen.
Mitglied seit Apr 01, 2020   231 Posts
Jan 15, 2021 at 09:46
It is not possible to trade successfully without the help of education and study. You can never be a good trader if you lack knowledge and skills. So always learn the basics of forex before investing money.
Mitglied seit Jul 20, 2020   399 Posts
Jan 15, 2021 at 12:58
Michihito posted:
There are three things you need to create your own strategy. Study, Practice and Study. You have to study a lot. Initially it is best to choose one single pair. Spend time to observe that pair as much as you can. Every pair has Its own characteristics. You will find some unique characteristics of that pair. Study them and test them. It's a trail and error process.

Yes i agree but psychology is so key too. Its more than half the way to success in my opinion
Mitglied seit Jul 23, 2020   869 Posts
Jan 15, 2021 at 17:28
Dictiony posted:
It is not possible to trade successfully without the help of education and study. You can never be a good trader if you lack knowledge and skills. So always learn the basics of forex before investing money.
It’s true. Traders also need hard work for making consistent profit in trading.
Mitglied seit Feb 11, 2020   24 Posts
Jan 15, 2021 at 18:46
Yea I think a lot of people make the mistake of not doing this enough.
Mitglied seit Dec 28, 2020   187 Posts
Jan 20, 2021 at 11:39
Yes I order to make regular profit and become a successful trader you need to develop a strong strategy, and you can only develop a strong strategy by studying and regular practice.
Mitglied seit Jul 19, 2020   788 Posts
Jan 21, 2021 at 01:57
LeviSievwright5 posted:
It is not possible to gain profit consistently without acquiring a trading education. A trader must first acquire trading education. Then you have to apply that education and practice a lot.
Yes, you are right, trading education is very important. It is never possible to make a trading profit without proper knowledge.
Mitglied seit Feb 04, 2021   35 Posts
Feb 15, 2021 at 12:26
I think three things required to create your own strategy are knowledge, your financial goals and market analysis.


Mitglied seit Feb 12, 2021   1 Posts
Feb 15, 2021 at 20:14
LeviSievwright5 posted:
It is not possible to gain profit consistently without acquiring a trading education. A trader must first acquire trading education. Then you have to apply that education and practice a lot.


@LeviSievwright5 what in your opinion would be great habits for a new trader to make ?
Mitglied seit Dec 15, 2020   12 Posts
Feb 19, 2021 at 04:43
Yes, I second that. These three things can really make a difference to trading.
Mitglied seit Nov 19, 2020   104 Posts
Feb 19, 2021 at 07:15
forexminded posted:
I think three things required to create your own strategy are knowledge, your financial goals and market analysis.
That's right and then testing the strategies is also an important part.
Mitglied seit Jul 23, 2020   869 Posts
May 07, 2021 at 17:22
Roberto21 posted:
We always advised by the senior traders and experts just for learning. but I think we the newcomers have to practice trading besides learning process. Demo account is more appropriate for them and as a learning Process newcomers can depend on Pips School.
I also agree. Newcomers should learn first before real trading.
Mitglied seit Jul 19, 2020   751 Posts
May 08, 2021 at 13:54
For effective trading consistency is crucial. Some random winning transactions don't assist in success. Achieving consistency is critical in trading. For that one needs enough knowledge, skills and experience.
Mitglied seit Mar 17, 2021   536 Posts
Dec 29, 2021 at 05:23
Unellene posted:
UweMoench posted:
For effective trading consistency is crucial. Some random winning transactions don't assist in success. Achieving consistency is critical in trading. For that one needs enough knowledge, skills and experience.
random success never meant that the trade was successful according to the knowledge of the trader himself, but many people think otherwise
Proper knowledge is very necessary to survive in this market.
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