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There is a proverb that practice
Mar 05, 2022 at 04:52
Miembro desde Feb 15, 2022
posts 183
Forex doesn’t only require human effort; it also requires some human qualities, including patience. As long as you don’t have patience, you can’t be a good trader. So, develop your patience even before igniting your trading skill. The reason is that your skill will be of no use until you have patience.
Mar 06, 2022 at 04:30
Miembro desde Feb 15, 2022
posts 183
Whether it is Forex trading or any other profession, patience is necessary everywhere. It is a human quality that helps a person to be determined and focused on his work. But we see the absence of such highly required human qualities among traders. Owing to this reason, a trader can hardly advance in trading.
Mar 14, 2022 at 08:02
Miembro desde Feb 18, 2022
posts 15
That’s very much true in any part of life. Without getting out of your comfort zone, you will not get anything in life. Thus, traders should develop a practice of learning from their trades. To achieve that, backtesting is the best solution. So follow a simple pattern—backtest your trades regularly, find loopholes, revise your strategies for future trades.
Miembro desde Apr 09, 2019
posts 538
Mar 14, 2022 at 09:13
Miembro desde Apr 09, 2019
posts 538
SteveFx11 posted:Very much lacking in new traders though as the focus is on making money quickly too often. Then they go down the route of looking for shortcuts which ironically turn into the total opposite.
Whether it is Forex trading or any other profession, patience is necessary everywhere. It is a human quality that helps a person to be determined and focused on his work. But we see the absence of such highly required human qualities among traders. Owing to this reason, a trader can hardly advance in trading.
If you can't spot the liquidity then you are the liquidity.
Miembro desde Oct 29, 2020
posts 18
Miembro desde Aug 05, 2021
posts 401
Mar 17, 2022 at 15:42
Miembro desde Aug 05, 2021
posts 401
Practicing and trading on a demo account are crucial for success and I believe the more practice you have, the more prepared you will be when you open a real account. Still though, this doesn't guarantee that you will do as well trading live or that you'll make money.
Mar 19, 2022 at 04:44
Miembro desde Feb 15, 2022
posts 183
In Forex, there is no alternative to practicing for learning about trading. No video tutorial and e-book is capable to giving you so much knowledge that practice can give you. So, make practicing your trading partner and I assure you of success from trading. Lacking of practicing tendency can lead to losses.
Miembro desde Jul 20, 2020
posts 399
Mar 22, 2022 at 08:04
Miembro desde Jul 20, 2020
posts 399
SteveFx11 posted:
In Forex, there is no alternative to practicing for learning about trading. No video tutorial and e-book is capable to giving you so much knowledge that practice can give you. So, make practicing your trading partner and I assure you of success from trading. Lacking of practicing tendency can lead to losses.
I agree, the market is the best educator. You cant progress as a trader unless you're live trading(after learning a strategy and doing due diligence of course)
Mar 23, 2022 at 04:28
Miembro desde Feb 15, 2022
posts 183
There is no alternative to practicing because this is the only way a trader can develop through. But, unfortunately we see traders out of the tendency to practicing. This is the reason that lags them behind. They should not depend on indicators’ signals because these signals go wrong maximum of the time.
Miembro desde Nov 06, 2018
posts 83
Mar 23, 2022 at 09:35
Miembro desde Nov 06, 2018
posts 83
Michihito posted:To an extent yes, but sometimes no. Forex isn't for everybody. You can put in days, hours, weeks, months or years and still be unsuccessful.
There is a proverb that practice makes a man perfect. Do you think that this proverb is suitable for Forex market. I think it is true. If you practice demo trading, follow the basic rules of Forex trading and thus in this way you can get proper training through this practice then you surely do better in Forex business.
Apr 26, 2022 at 04:38
Miembro desde Mar 17, 2022
posts 29
When you practice, you gain confidence and enhance your skills in a particular domain, same way when you talk about forex trading, it is important to understand the market and it’s shifting tendencies before you use real money, this way, you avoid the risk of losing your capital and are able to productively use the opportunities to your advantage.
Apr 28, 2022 at 05:10
Miembro desde Apr 04, 2022
posts 25
Yes, I believe with patience comes great success. Especially, when it comes to trading, the uncertainty that the market brings to the equation can be quite challenging and stressful for traders, new or experienced. With only practice you will be able to understand how a particular system works. Likewise, to be able to ace trading, practice on a demo account is quite valuable and it also gives you a wide view of the dynamics of the market environment.
Miembro desde Feb 16, 2022
posts 63
Apr 28, 2022 at 06:46
Miembro desde Feb 16, 2022
posts 63
Yes, there is no substitute to practicing more and more. And you already know that traders make a frequent mistake like whenever they see the market following uptrend, they make a buy entry without thinking and they did the opposite when they see the market following downtrend. Practicing helps traders recover from these mistakes.
Miembro desde Jan 11, 2022
posts 45
May 04, 2022 at 05:46
Miembro desde Mar 24, 2022
posts 56
It’s true, and it applies to all fields of life including forex. When a trader practices on a demo account, he gets used to the working of the real market and can form better strategies.
On the other hand, there are also some traders who try the ‘hit and trial’ method when trading from a live account. This is extremely harmful and unless you are so lucky that every strategy you apply turns out as a success or profit in the ‘hit and trial method’, you will soon turn bankrupt from losses.
So please don’t try new strategies that you have formed in a live account, but a demo account.
On the other hand, there are also some traders who try the ‘hit and trial’ method when trading from a live account. This is extremely harmful and unless you are so lucky that every strategy you apply turns out as a success or profit in the ‘hit and trial method’, you will soon turn bankrupt from losses.
So please don’t try new strategies that you have formed in a live account, but a demo account.
Miembro desde Apr 14, 2022
posts 41
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