Tygotaylor posted:True. Those are the most major parts.
I think if we know how to control emotions, good knowledge and have a sound trading strategy,then we can become successful traders.
Tygotaylor posted:Having a good startegy is the most important part i think.
I think if we know how to control emotions, good knowledge and have a sound trading strategy,then we can become successful traders.
Apr 03 2020 at 12:41
Johny_tr posted:Tygotaylor posted:Having a good startegy is the most important part i think.
I think if we know how to control emotions, good knowledge and have a sound trading strategy,then we can become successful traders.
Without a working strategy there is nothing. You are just gambling and the house always wins
Apr 03 2020 at 17:32
diskdillinger posted:i always vouch for solid trading plan that is the roadmap of success.
Without a working strategy there is nothing. You are just gambling and the house always wins
Successful trading, you can call a trade that brings a certain income.
Apr 04 2020 at 23:51
The way to be profitable is know risk management.
Tygotaylor posted:Yup! A solid trading plan combined with proper risk management, sure to give you success.
i always vouch for solid trading plan that is the roadmap of success.
Successful, you can consider trading here, which brings a good result.
Apr 08 2020 at 11:32
Successful trader doesn't follow the crowd. 90% loss so it is best to trade contrary. When MA cross high you should sell and vice versa
Forex is a serious job, which for many traders has become a stable source of income.
eastcoastawoke posted:
Successful trader doesn't follow the crowd. 90% loss so it is best to trade contrary. When MA cross high you should sell and vice versa
Hi,
If i lose 90% then how will i recover it. It's obviously not possible that always i suffering loses. So, do you have any way for without loses trading. I know lose is a part of trading. But Its not possible all time.
Thank you..
Success in trading lies in the fact that the trader begins to make good money and leads to loss to a minimum.
Of course, everyone strives for successful trading, but those who really purposefully go to their results also achieve this unit.
Tezilkree posted:Correct! Many are depending solely on forex for their living. But then a lot of practice goes into reaching that level.
Forex is a serious job, which for many traders has become a stable source of income.
I agree with you here. Having learned all the trading terms and read a lot of articles on this topic, you won't immediately become a great trader with a huge income. It's not enough. Yes, a good broker, who will provide good support and offer the best trading conditions in the market - no less important. That is why many traders spend so much time choosing a broker that will fit all their requirements.
mdsh7864 posted:eastcoastawoke posted:
Successful trader doesn't follow the crowd. 90% loss so it is best to trade contrary. When MA cross high you should sell and vice versa
Hi,
If i lose 90% then how will i recover it. It's obviously not possible that always i suffering loses. So, do you have any way for without loses trading. I know lose is a part of trading. But Its not possible all time.
Thank you..
You don't, but your loss will be appreciated by others.
sharpiemomo mentioned having a edge a few post up.
PMO The edge comes from a sound strategy and some experience, don't need 2 much experience or knowing fancy words, but it does include sticking to your strategy, that includes being able to pick good entry and exit points, taking the pips that are given, and good RR or MM which ewer you want to call it.
the Forex trading can make you rich , if you can observe some mandatory rules . First of all you have to be patience in this trading place, because the success in Forex is a long time process. And you have to be ensuring a reliable support from a credible trading broker, because the trading broker can affects the result of our trading with certainly.
For your trading to be successful and profitable, you need to minimize losses. Because what is the point in trading, if you lose half of your income in not very successful trades? Of course, sometimes losses simply can't be avoided, it happens very often. But no one forbids you to trade wisely. Use stop losses, at least. Take trading seriously, minimize risks and then you'll be a successful trader :0
'Successful trading' has different definitions for different people. When I speak to potential investors, they want 100% per month and no risk, we all know this doesn't exist. So you must define what is success for you, not losing, reaching a % return more than investing in bank, or a monthly target of 30% +?
Currently I am Monthly:33.89% with Drawdown: 2.22%, after much work I consider this success.....
Currently I am Monthly:33.89% with Drawdown: 2.22%, after much work I consider this success.....
May 21 2020 at 10:52
Just do a good money management and you are your way to being a consistence profiting trader, that is my technique.
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