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There is a proverb that practice
तबसे मेंबर है Feb 15, 2022
131 पोस्टों
Mar 05, 2022 at 04:52
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.
तबसे मेंबर है Feb 15, 2022
131 पोस्टों
Mar 06, 2022 at 04:30
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.
तबसे मेंबर है Feb 18, 2022
15 पोस्टों
Mar 14, 2022 at 08:02
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.
तबसे मेंबर है Apr 09, 2019
516 पोस्टों
Mar 14, 2022 at 09:13
SteveFx11 posted:
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.
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.
If you can't spot the liquidity then you are the liquidity.
तबसे मेंबर है Oct 29, 2020
18 पोस्टों
Mar 17, 2022 at 08:14
Practice plays a very important role in making traders well versed with the trading strategies and the trading platform. More a trader practice, more hold he gets on his trading strategy and operating the trading platform.
तबसे मेंबर है Aug 05, 2021
394 पोस्टों
Mar 17, 2022 at 15:42
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.
तबसे मेंबर है Feb 15, 2022
131 पोस्टों
Mar 19, 2022 at 04:44
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.
तबसे मेंबर है Jul 20, 2020
385 पोस्टों
Mar 22, 2022 at 08:04
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)
तबसे मेंबर है Aug 21, 2021
60 पोस्टों
Mar 22, 2022 at 09:36
Practice make human perfect, is one of my favorite proverbs ever!
तबसे मेंबर है Feb 15, 2022
131 पोस्टों
Mar 23, 2022 at 04:28
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.
तबसे मेंबर है Nov 06, 2018
81 पोस्टों
Mar 23, 2022 at 09:35
Michihito posted:
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.
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.
तबसे मेंबर है Feb 12, 2019
104 पोस्टों
Mar 29, 2022 at 21:32
Practice makes perfect as they say but sometimes its not enough you need passion for this business
तबसे मेंबर है Mar 17, 2022
29 पोस्टों
Apr 26, 2022 at 04:38
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.
तबसे मेंबर है Apr 04, 2022
25 पोस्टों
Apr 28, 2022 at 05:10
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.
तबसे मेंबर है Feb 16, 2022
60 पोस्टों
Apr 28, 2022 at 06:46
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.
तबसे मेंबर है Sep 10, 2021
17 पोस्टों
Apr 28, 2022 at 07:03
Practice indeed makes a man perfect be it in trading or in life. I have overcome so many challenges as a trader, never gave up and happy to report that i have been doing pretty good at the moment.
तबसे मेंबर है Jan 11, 2022
45 पोस्टों
May 03, 2022 at 05:48
Practice gives the trader experience which helps in refining the trading skills.
तबसे मेंबर है Mar 24, 2022
56 पोस्टों
May 04, 2022 at 05:46
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.
तबसे मेंबर है Apr 14, 2022
47 पोस्टों
May 05, 2022 at 04:14
Practice, indeed, makes a trader perfect. And this is what’s gonna help in the longer run.
तबसे मेंबर है Apr 18, 2022
55 पोस्टों
May 07, 2022 at 10:31
“Markets go up the stairs and down the elevator.”"Practice without improvement is meaningless.
