The person who has proper knowledge and skills of trading would be gainer. You need good psychology, good money management system and good trading strategy. For all these you need to study a lot. You have to study both different resources and the market itself.
success is not easy we know very well but still we try to bring success with no learning , as a result we become loser when try to make it in practical.
Dec 21 2020 at 21:51
Forex is the most popular online earning business in he world. many people earn a lot of money from this risky market. But to make money from this market, you need to have proper knowledge and experience.
If discipline and trading psychology are not properly maintained, it will never be possible to succeed in trading. And risk reward and money management must be followed.
Dec 22 2020 at 02:19
Trading Psychology and Money Management can perfect trading strategies. As a trader, I try to maintain money management and risk rewards.
Dec 30 2020 at 03:43
I agree. Good psychology, a trading mindset and the necessary skills and knowledge are really important if one has to succeed and make profits.
Greed is the cause of destruction. It leads to over trading and unnecessary trading. Profit target should be logical and also should match with skills. If I have ability to get 50 pips, my expectations should not more than that.
Jan 13 2021 at 09:07
I agree with you. Reading and learning about different areas of trading is the best way to be a trader. It is important to stay updated and follow up on new strategies and trends.
Good psychology is a very indicator of understanding and calming your mind before trading. But that is not it, you will need to have a very good management when it comes to risk and money so that you can minimize the losses and maximizing the profit.
Also, a good strategy can sometimes fails due to volatility of the markets, but if you have been able to put in good use of money management, then it should be fine.
Also, a good strategy can sometimes fails due to volatility of the markets, but if you have been able to put in good use of money management, then it should be fine.
reggae posted:
Good psychology is a very indicator of understanding and calming your mind before trading. But that is not it, you will need to have a very good management when it comes to risk and money so that you can minimize the losses and maximizing the profit.
Also, a good strategy can sometimes fails due to volatility of the markets, but if you have been able to put in good use of money management, then it should be fine.
Very true and on point.
Jan 21 2021 at 05:42
To be a gainer, one must be a learner. Success will not come overnight, constant hard work and determination can only lead you to the right path.
Jan 22 2021 at 07:00
You will only gain in the forex market after acquiring proper knowledge, skill set and discipline. You must devote time for learning and then only can make an apt strategy for trading.
Exactly! Knowledge is the key for trading well. Without it, there is no chance for a trader to make any money in the market.
To be a gainer here, one must be a great learner and be able to apply his/her knowledge is doing the best in the market. The market conditions change for all, volatility affects all, but who win are the ones who are able to manage the market conditions well, as per their plans, skills and knowledge.
Knowledge, skills, patience and a good plan. These I think are the must have factors to gain through forex.
Feb 11 2021 at 09:28
To be a gainer, you must have experienced the failures also. As a trader you must have seen both sides. Try to acquire new skills for trading successfully.
When certain experience comes to us, we develop our own trading rules that relate specifically to our character from our trading system
Feb 12 2021 at 11:45
It’s true that knowledge is the key, but to have success, you must be consistent throughout the journey.
May 07 2021 at 17:31
forexminded posted:
It’s true that knowledge is the key, but to have success, you must be consistent throughout the journey.
Without practice every knowledge is useless. So, practice is also needed.
Yes attaining knowledge and getting proficiency isn't simple. Actually it requires a very long time to get skills and many individuals aren't eager to provide time for gaining knowledge. Unfortunately they could squander time to get nothing.
