Trading Lessons!
Mitglied seit Nov 04, 2019
11 Posts
Jan 14, 2020 at 17:36
What tough lesson/s have you learnt recently that is helping to improve your results?
Contrary to a quite popular belief, I have learnt that Fundamentals can bear great significance to your trading results.😄
Share your lesson and how it has helped you to reap better results!
"Let tomorrow envy that you did it today"
Mitglied seit Jun 28, 2019
11 Posts
Jan 15, 2020 at 14:50
yeah but how can we predict what it will do based on previous action
Jan 15, 2020 at 19:02
TeamNotreDame posted:
yeah but how can we predict what it will do based on previous action
Fundamental analysis, Technical analysis, Market Analysis.
Market is presenting as Bullish? Buy
Market is sideways or unmoving? Do nothing
Market is presenting as Bearish? Sell
If the trade is unprofitable, close it and wait for the next trade.
If the trade is profitable, let it run it's course for profitability.
Manage your risks properly.
If you want to be profitable, make profitable trades.
Mitglied seit Nov 04, 2019
11 Posts
Jan 15, 2020 at 23:00
ufotech
Fundamental analysis, Technical analysis, Market Analysis.
Market is presenting as Bullish? Buy
Market is sideways or unmoving? Do nothing
Market is presenting as Bearish? Sell
If the trade is unprofitable, close it and wait for the next trade.
If the trade is profitable, let it run it's course for profitability.
Manage your risks properly.
Precisely @ufotech
"Let tomorrow envy that you did it today"
Mitglied seit Nov 04, 2019
11 Posts
Jan 16, 2020 at 12:28
@Roberto21 A very valid point! It is important to learn from our mistakes and also to grow from them
"Let tomorrow envy that you did it today"
forex_trader_795593
Mitglied seit Oct 09, 2019
32 Posts
Jan 20, 2020 at 05:29
Two important lessons for me
1. Money and risk management
2. Always use Stop Loss
1. Money and risk management
2. Always use Stop Loss
Jan 20, 2020 at 12:04
Cordardred posted:That’s right, patience is the foremost important trait to be a successful trader. Nevertheless, I think being rational is also a major requirement, people always tend to be greedy while trading and end up making just losses.
As for the market, well said, if we talk about exactly what depends on me - the main advice is not to rush, money loves peace and responsibility, and the better you understand it, the greater the chance that you will leave the market with the money.
Mitglied seit Nov 04, 2019
11 Posts
Jan 21, 2020 at 13:27
I love these responses! All accurately relevant and absolutely necessary to follow. It is also quite clear that as traders we all understand the importance of following a particular set of rules. These rules will either make you or certainly leave you 'broken'
"Let tomorrow envy that you did it today"
forex_trader_795593
Mitglied seit Oct 09, 2019
32 Posts
Jan 22, 2020 at 10:11
FxDThompson posted:r
I love these responses! All accurately relevant and absolutely necessary to follow. It is also quite clear that as traders we all understand the importance of following a particular set of rules. These rules will either make you or certainly leave you 'broken'
Absolutely! I love reading everyone's post knowing and getting better in the term of trading and etiquette.
Jan 22, 2020 at 17:57
Nothing is guaranteed in our life so anything like that as well anyway. For whatever reason being done there totally and completely. In such way you should treat your forex as well, and no some other thing. Only like that and you will get some results soon.
Jan 24, 2020 at 07:49
Malokelv posted:That’s right, everything is unpredictable.
Nothing is guaranteed in our life so anything like that as well anyway. For whatever reason being done there totally and completely. In such way you should treat your forex as well, and no some other thing. Only like that and you will get some results soon.
Mitglied seit Jul 23, 2020
759 Posts
Aug 19, 2020 at 17:14
Forex trading is especially fast-paced and risky, so it is especially important to have a solid basic knowledge before trading with the money you earn. Understanding risk and FX risk management strategies, including Stop Loss, are also essential to long-term FX success.
Aug 19, 2020 at 23:50
There are many types of strategies in trading. Sentimental Analysis is the best analysis in the trading world. The way in which the market moves in 4 ways is what I usually call context. Those 4 ways of context are impulsive/corrective and volatile and non-volatile. If this context and support/resistance level can be combined, then a lot of money can be made from the Forex market.
Mitglied seit Aug 27, 2017
994 Posts
Aug 20, 2020 at 06:45
trading Forex with no knowledge i think the biggest mistake ever that beginners level always do. this mistake even i have passed when was a newcomer.
Aug 20, 2020 at 08:08
I have learned that do not share your opinion about market with others if you are a day trader.It makes you biased about about that day. If I stay away from others I do good in trading. I need to be influenced free to keep my mind relaxed.
