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5 Things I have learned in 5 years of trading!

whitneytyler
May 23 at 06:01
posts 72
Very important and realistic information for every type of trader. Along with these, traders should believe in forex analysis and practise with patience.
Teutomania
May 25 at 07:26
posts 18
1. Learning and upskilling are the most important parts of a trading career.
2. Do not believe every opinion.
3. You can not just copy and paste a strategy.
4. Trading requires patience and discipline.
5. Set realistic goals.
Seb King (sebking1986)
May 25 at 09:01
posts 459
Firmly agree with all points you have made there. Especially number 3. Something that needs to be made clear to many newer traders.
If you can't spot the liquidity then you are the liquidity.
Bransle
May 27 at 04:59
posts 22
All traders need to know what other traders are doing. But it doesn’t mean that your trading decisions must solely be based on what others tell you about. You must do your own analysis to be able to make the right moves.
CraigMcG2020
May 28 at 10:18
posts 358
Bransle posted:
All traders need to know what other traders are doing. But it doesn’t mean that your trading decisions must solely be based on what others tell you about. You must do your own analysis to be able to make the right moves.

How do you mean traders need to know what other trader's are doing? im not sure i agree, just for the fact we trade the market not other traders
momo3HC
May 30 at 20:59
posts 288
CraigMcG2020 posted:
Bransle posted:
All traders need to know what other traders are doing. But it doesn’t mean that your trading decisions must solely be based on what others tell you about. You must do your own analysis to be able to make the right moves.

How do you mean traders need to know what other trader's are doing? im not sure i agree, just for the fact we trade the market not other traders
Actually the truth is somewhere between.
Afterpiece
Jun 02 at 04:59
posts 29
Good to see such posts coming from experienced traders like you. I totally agree with all your points. It is important to stop comparing yourself with others when it comes to trading. Your competition should be with your past self and not someone else. See how you can become a better version of yourself rather than trying to beat someone else. Just keep learning and growing at your own pace. Focus on work and forget the result will be that one quote that will help you in your journey as a forex trader. Thank you for sharing your experience and valuable thoughts with us.
Sublimes
Jun 02 at 10:24
posts 24
I have personally learnt money management efficiently in real life.
CraigMcG2020
Jun 05 at 14:46
posts 358
momo3HC posted:
CraigMcG2020 posted:
Bransle posted:
All traders need to know what other traders are doing. But it doesn’t mean that your trading decisions must solely be based on what others tell you about. You must do your own analysis to be able to make the right moves.

How do you mean traders need to know what other trader's are doing? im not sure i agree, just for the fact we trade the market not other traders
Actually the truth is somewhere between.

What is the purpose of knowing what other traders are doing besides the actual macro view like a COT report or something?
Stuprate
Jun 06 at 11:59
posts 20
5 things I have learned in 5 years of trading:
1. Trading is not a quick money-making scheme. It needs a lot of hard work, patience, and discipline.
2. Trading is a lifelong learning process. To be a successful trader, you must keep learning.
3. Believe in yourself. Do not take every other person's word for it.
4. No one can provide you with a successful strategy. It is something that comes with trials and errors.
5. Set achievable goals and work for them with all of your mind and soul.
Keld (Keldbirk)
Jun 06 at 14:04
posts 4
Forget about balance total. Focus on equity and marginal %. Be sure to have enough space in the balance to stay in the trend.
Make money daily with low drawdown
Commonition
Jun 07 at 05:02
posts 23
From my own experience, i have learnt some important lessons in forex trading, such as
1. Do not trust social media rumours
2. Always give preference to practice instead of tips and tricks
3. Analyse and study every factor related to forex very curiously
4. Avoid emotional trading
5. Keep patience and consistency
Seb King (sebking1986)
Jun 07 at 14:05
posts 459
Commonition posted:
From my own experience, i have learnt some important lessons in forex trading, such as
1. Do not trust social media rumours
2. Always give preference to practice instead of tips and tricks
3. Analyse and study every factor related to forex very curiously
4. Avoid emotional trading
5. Keep patience and consistency

Solid advice there. Like 2 a lot. Practice creates habits and habits help to avoid impulsive trading.
If you can't spot the liquidity then you are the liquidity.
Nakedize
Jun 10 at 05:20
posts 46
1. Do not believe every opinion about the forex market.
2. A strategy is something that you gain by doing trading in the market, no matter if it is on a demo account or a live one.
3. Learning is an endless process
4. You need to chase realistic goals only.
5. Trading is not a get-rich-quick scheme; patience is mandatory.
Armisonant
Jun 10 at 09:30
posts 24
What I have learned in my trading career is that all that you do to make money doesn’t always get you money. Sometimes, you make a trade just to lose your money. But as you can stop it from happening, it is best to make peace with the fact and trade with only that money that you can live without. You won’t get it back easily.
Seb King (sebking1986)
Jun 10 at 10:58
posts 459
I think the same goes with trading as it does investing. Part with only what you can lose. Sadly desperate people ignore this and then end up more desperate.
If you can't spot the liquidity then you are the liquidity.
CraigMcG2020
Jun 12 at 10:39
posts 358
sebking1986 posted:
I think the same goes with trading as it does investing. Part with only what you can lose. Sadly desperate people ignore this and then end up more desperate.
Really do like ive seen people put tens of thousands into EA robots and are losing so much of their life savings with no due diligence done at all
Seb King (sebking1986)
Jun 13 at 10:26
posts 459
Same with cryptos as well. People desperate to change their circumstances taking completely mad risks and paying the price for it.
If you can't spot the liquidity then you are the liquidity.
Meatus
Jun 15 at 05:49
posts 23
We always learn a lot of things from experience in the forex market. I will list down some things I learned as a forex trader.
1. Knowledge and skills give you an edge
2. Risk management is the backbone of a trading account
3. Emotional trading always lead to losses
4. There are no shortcuts to success in forex and anyone who says that might be a scammer
5. Discipline, consistency and patience should be developed for becoming a successful trader in the long run.
lauraJohnson
Jun 15 at 11:32
posts 13
Consistency, patience, having control on your emotions, sticking to a trading plan and a spirit of never giving up are the traits that a trader should have in order to be successful in the forex market.
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