Beginners - Kill your emotions
Feb 02, 2017 at 15:06
mlawson71 posted:BaldoN posted:
I would also add here: do not run after market. Make your plan for entry and exits and wait market to come to your planned levels (ex. supports or resistances, touch trades if you use MA's etc. - then shot :)
I agree. Also, understand that the market is always right. Hoping that it will just turn in your favour won’t make it so.
Yes, totally agree! No place for hope, only for research and analysis based predictions!
Feb 07, 2017 at 08:24
BaldoN posted:
I would also add here: do not run after market. Make your plan for entry and exits and wait market to come to your planned levels (ex. supports or resistances, touch trades if you use MA's etc. - then shot :)
I guess, running after market itself indicates falling into emotional ocean, which is unallowable for successful trading
Miembro desde Dec 11, 2015
posts 1487
Feb 07, 2017 at 12:27
MC85 posted:mlawson71 posted:BaldoN posted:
I would also add here: do not run after market. Make your plan for entry and exits and wait market to come to your planned levels (ex. supports or resistances, touch trades if you use MA's etc. - then shot :)
I agree. Also, understand that the market is always right. Hoping that it will just turn in your favour won’t make it so.
Yes, totally agree! No place for hope, only for research and analysis based predictions!
I don’t object to hope, actually, I think it’s even good to have positive thinking, but hope alone is not enough.
Miembro desde Mar 31, 2015
posts 45
Feb 09, 2017 at 14:39
BaldoN posted:
I would also add here: do not run after market. Make your plan for entry and exits and wait market to come to your planned levels (ex. supports or resistances, touch trades if you use MA's etc. - then shot :)
Do you mean to plan without considering the current market situation with the presumption that sooner or later the price will reach your entry level in a trend that you forecasted in your plan?
Feb 23, 2017 at 10:41
Thread is apt. beginners ruin their trading by bringing the emotions in role. It is very much important for the traders to control their emotions while trading. Discipline and self control are very necessary in trading. Beginners usually ruin their accounts initially due to emotions but this seems as a lesson for them to first learn and then trade. Experience is the best tutor and here also it applies well. Controlling emotions is not easy but we must restrain ourselves.
forex_trader_238875
Miembro desde Mar 26, 2015
posts 31
Feb 23, 2017 at 16:02
best solution is automated trading:)
Miembro desde Feb 22, 2011
posts 4862
Feb 23, 2017 at 18:07
coders posted:
best solution is automated trading:)
It is but not easy for beginners to create or find good system.
forex_trader_238875
Miembro desde Mar 26, 2015
posts 31
Feb 23, 2017 at 20:27
You're right, but this is the best solution for people that do not want to look every day for 8-12 hours in the graph, now everything is automatic.
Miembro desde Feb 22, 2011
posts 4862
Feb 23, 2017 at 21:28
coders posted:
You're right, but this is the best solution for people that do not want to look every day for 8-12 hours in the graph, now everything is automatic.
I agree, even for professional it is easier to trade via EA
forex_trader_360314
Miembro desde Sep 14, 2016
posts 10
Feb 25, 2017 at 17:55
coders posted:
best solution is automated trading:)
Really? I do not think so, some get up when they see that the panoramam apparently does not work well for them. The solution is to control the emotions and learn to trade with a cool head.
forex_trader_360642
Miembro desde Sep 15, 2016
posts 6
Feb 25, 2017 at 18:00
@coders @togr I think that the beginner should not leave everything in the hands of automated trading. Of course it will not be easy to find a good system, but it is not an impossible topic. Not if the beginner has mentoring and advice and a wealth of knowledge on the subject.
Miembro desde Dec 11, 2015
posts 1487
Feb 26, 2017 at 11:37
I think that before one uses automated trading they need to learn enough about technical analysis to understand how that automatic trading works.
Miembro desde Feb 22, 2011
posts 4862
Feb 27, 2017 at 07:32
gustavoz posted:
@coders @togr I think that the beginner should not leave everything in the hands of automated trading. Of course it will not be easy to find a good system, but it is not an impossible topic. Not if the beginner has mentoring and advice and a wealth of knowledge on the subject.
You need to answer yourself you wish to earn money you will probably fail as manual beginner.
If you wish to learn something you have to trade manually but better stick to demo until you are profitable, right?
forex_trader_381988
Miembro desde Dec 06, 2016
posts 37
Feb 27, 2017 at 22:05
I think that before you start, you have to study very well what it consists of, get informed, know key concepts, see advice, learn about other people's experiences, consult doubts, see investment techniques.
Feb 28, 2017 at 09:31
coders posted:
best solution is automated trading:)
Yes you are right. EAs are very useful and are saving a lot of time and energy to traders. Not surprised that most of my friends who trade are using EAs. Not only that they save time and energy but also manually will be very hard to place a lot of orders for a very close time range. Also EAs are not emotional and won’t place more orders if you lose some funds 😄
Accept the loss as experience
forex_trader_338100
Miembro desde Jun 21, 2016
posts 898
Feb 28, 2017 at 19:47
yes, EA is good solutions.
Also automated trading manager, you open positions and manager change tp, sl and more...
Miembro desde Dec 11, 2015
posts 1487
Mar 01, 2017 at 12:25
BaldoN posted:
Hello,
Whatever we says, I believe each new trader needs to pass on his own way and to get some experience. Just advises and tips will not help him too much or not much as a guidelines :)
True, some things one can only learn on their own, but still, it’s good to also learn from other people who have gone down the same path.
Miembro desde Sep 12, 2015
posts 1948
Mar 01, 2017 at 16:43
mlawson71 posted:BaldoN posted:
Hello,
Whatever we says, I believe each new trader needs to pass on his own way and to get some experience. Just advises and tips will not help him too much or not much as a guidelines :)
True, some things one can only learn on their own, but still, it’s good to also learn from other people who have gone down the same path.
We can learn a lot from other people, good to keep an open mind, just question everything especially in this field.
"They mistook leverage with genius".
