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Essentials of success

Apr 15, 2022 at 17:46
Vues 436
9 Replies
forex_trader_2097954
Membre depuis Jan 25, 2021   posts 1
Apr 15, 2022 at 17:46
Many have pointed out what it takes to be successful in trading and here are lots of pearls :-)
The most important aspects for me are being aware of when my greed kicks in, patience, consistency, not listening to FOMO, and sticking to my values, strategies and money management.

«Against the backdrop of the issue of risk management, the issue of profitability is always secondary.»
Membre depuis Aug 05, 2021   posts 401
Jun 15, 2022 at 14:43
I've noticed that the same help me as well! Never listen to others that try to guarantee they can make you successful and instead, rely on yourself.
Membre depuis Apr 09, 2019   posts 538
Aug 03, 2022 at 09:32
posted:
Many have pointed out what it takes to be successful in trading and here are lots of pearls :-)
The most important aspects for me are being aware of when my greed kicks in, patience, consistency, not listening to FOMO, and sticking to my values, strategies and money management.

Against the backdrop of the issue of risk management, the issue of profitability is always secondary.

Really like this quote. This underpins trading and is often disregarded by beginners who fail to see the bigger picture.
If you can't spot the liquidity then you are the liquidity.
Membre depuis Dec 13, 2019   posts 22
Aug 17, 2022 at 20:01
Trading, like any business, is first and foremost about psychology.
It is worth taking the time to study it.
It will help in the future.
Definitely.
Membre depuis Aug 02, 2022   posts 18
Aug 19, 2022 at 04:16
Foreign exchange (Forex) trading requires expertise, trading abilities, and a grasp of the market. It is in your best interest to continue educating yourself, as this is the one and only approach to guarantee financial success in forex trading.
Membre depuis Dec 28, 2019   posts 25
Aug 19, 2022 at 19:11
Success is always a combination of factors. The quality of your work. The size of the deposit. The current market situation. And even luck (although it's not the most important of course), but still...
Membre depuis Aug 17, 2022   posts 39
Aug 22, 2022 at 05:17
To start with trading, make sure you understand how the market works and with time learn to adapt changes, last but not the least stay disciplined and never ever lose your patience.

Membre depuis Aug 17, 2022   posts 80
Aug 23, 2022 at 04:28
Success takes time but I always stick to these points:
1.Trade like a business, not as a passion or a profession.
2.Set reasonable goals for your objectives.
3.Always Use a Trading Plan
4.Never stop learning new skills and strategies

Membre depuis Aug 17, 2022   posts 45
Aug 24, 2022 at 11:36
A good trader is someone who is willing to learn from mistakes continuously. The essentials of successful trading are that one should always use a trading plan, treat trading like a business, use technology to your advantage and always use a stop loss.
Membre depuis Aug 02, 2022   posts 24
Aug 26, 2022 at 11:22
Trading foreign exchange (Forex) needs extensive market knowledge, trading skills, an understanding of the market, and confidence in what one is doing. It is in your best interest to continuously improve yourself while staying current with the most recent trends.
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