5 Things I have learned in 5 years of trading!

Aug 16, 2021 at 09:31
Vues 7,396
179 Replies
Membre depuis May 31, 2021   posts 3
Aug 08, 2022 at 10:44
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Membre depuis Jan 18, 2022   posts 48
Aug 09, 2022 at 07:19
In forex trading, I've learned that having the right knowledge, being consistent, and being patient are all crucial.
Membre depuis Apr 16, 2017   posts 39
Aug 20, 2022 at 13:23
Quercine posted:
In forex trading, I've learned that having the right knowledge, being consistent, and being patient are all crucial.
Risk managment 👌👌
Membre depuis Feb 15, 2022   posts 183
Aug 21, 2022 at 16:52
Even though long-term trading brings the perfection in trading, I prefer scalping the most. For scalping nicely, you need to have a scalping-friendly broker. Scalping enables a trader to derive profit from the market quickly by entering and exiting trade within a very short time.
forex_trader_2983986
Membre depuis Aug 04, 2022   posts 31
Aug 21, 2022 at 17:24
SteveFx11 posted:
Even though long-term trading brings the perfection in trading, I prefer scalping the most. For scalping nicely, you need to have a scalping-friendly broker. Scalping enables a trader to derive profit from the market quickly by entering and exiting trade within a very short time.
I combine Trends and Scalping to give me much profits.
Membre depuis Sep 06, 2018   posts 1
Aug 22, 2022 at 07:38
One of my biggest lessons are:
1) Learning to calculate what I'm actually risking before I take a trade, it has saved me in the long run.
2) I use stop orders below a previous bullish candle when I want to sell at a zone and vice versa which means I don't get activated if the zone don't hold and because it's a pending order, I calculate my risk before the move.
3) Risk to reward is super important, I usually set 1:3 and manage the trade till it hits or not hit my TP.
Profit
Membre depuis Apr 09, 2019   posts 538
Aug 22, 2022 at 12:54
Your first point is so important. Focus on managing risk and the profits will take care of themselves if your system is solid and well tested.
If you can't spot the liquidity then you are the liquidity.
Membre depuis Jul 20, 2020   posts 399
Aug 22, 2022 at 14:10
sebking1986 posted:
Your first point is so important. Focus on managing risk and the profits will take care of themselves if your system is solid and well tested.
It really is its the bedrock of all successful trading. Once the edge is there we can then progress knowing the risk of bust or ruin isn't a factor
Membre depuis Jun 02, 2022   posts 32
Aug 24, 2022 at 06:58
It’s not just what you aim at but also about what you are doing to achieve your aim. Everyone wants to make money but not everyone does the required hard work to win in the long term. You have to write your own destiny.
Membre depuis Feb 15, 2022   posts 183
Aug 26, 2022 at 10:42
Besides earning knowledge by watching video tutorials, you should practice on demo account. Otherwise, it will create a great deficiency of knowledge in you.
Membre depuis Aug 05, 2021   posts 401
Aug 26, 2022 at 13:28
Washboard posted:
It’s not just what you aim at but also about what you are doing to achieve your aim. Everyone wants to make money but not everyone does the required hard work to win in the long term. You have to write your own destiny.
Love this point of view. I think so many people are too quick to give up when something seems hard. We're all capable of becoming rich or changing our situation, but it often takes a lot of thought and action to get there.
Membre depuis Jul 20, 2020   posts 399
Aug 28, 2022 at 09:58
HeavLeighGill26 posted:
Washboard posted:
It’s not just what you aim at but also about what you are doing to achieve your aim. Everyone wants to make money but not everyone does the required hard work to win in the long term. You have to write your own destiny.
Love this point of view. I think so many people are too quick to give up when something seems hard. We're all capable of becoming rich or changing our situation, but it often takes a lot of thought and action to get there.

Agree, i think a purpose is key if the the target and reasoning isnt driving you it is so easy to become aimless and now have the drive and motivation to go that extra yard that's needed for sure
Membre depuis Aug 08, 2022   posts 20
Sep 01, 2022 at 10:05
Here are my five lessons!

1. The markets are always changing
2. You need to keep learning
3. A good trading plan is essential
4. You need to be disciplined
5. You need to manage your risk
Membre depuis Feb 15, 2022   posts 183
Sep 04, 2022 at 13:08
A trader must nurture the wish of self-development otherwise earning success will be difficult for traders. One of the phases of self-development is to avoid over and over mistakes.
Membre depuis Apr 09, 2019   posts 538
Sep 05, 2022 at 10:34
I think that a yearning to develop must be present in most professions but it is especially important in trading. You get left behind very quickly otherwise.
If you can't spot the liquidity then you are the liquidity.
Membre depuis Jul 20, 2020   posts 399
Sep 05, 2022 at 17:11
sebking1986 posted:
I think that a yearning to develop must be present in most professions but it is especially important in trading. You get left behind very quickly otherwise.

I completely agree its one profession where self awareness and progression a must. Its where consistent analysis is needed to make sure success continues as the years go on
Membre depuis Apr 09, 2019   posts 538
Sep 07, 2022 at 14:33
So glad you said keep your emotions under control rather than be emotionless. One is achievable and one is sociopathic.
If you can't spot the liquidity then you are the liquidity.
Membre depuis Jul 20, 2020   posts 399
Sep 12, 2022 at 16:29
sebking1986 posted:
So glad you said keep your emotions under control rather than be emotionless. One is achievable and one is sociopathic.

That is the key. It is controlling and riding the emotions like a wave that will make a successful trader its so key to accept and embrace being human rather than fighting against it
Membre depuis Feb 15, 2022   posts 219
Sep 17, 2022 at 17:31
Professionals traders don’t open and close trades randomly rather they look into the market very carefully. And analyze the market thoroughly to forecast the market.
Membre depuis Jul 23, 2020   posts 869
Sep 19, 2022 at 14:26
Maintain trading ethics to produce better result but traders lack this practice. There are different standards of trading but those traders are successful whose strategies are flourished enough.
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