To be a gainer

The person who has proper knowledge and skills of trading would be gainer. You need good psychology, good money management system and good trading strategy. For all these you need to study a lot. You have to study both different resources and the market itself.

If discipline and trading psychology are not properly maintained, it will never be possible to succeed in trading. And risk reward and money management must be followed.

Trading Psychology and Money Management can perfect trading strategies. As a trader, I try to maintain money management and risk rewards.

I agree. Good psychology, a trading mindset and the necessary skills and knowledge are really important if one has to succeed and make profits.

Greed is the cause of destruction. It leads to over trading and unnecessary trading. Profit target should be logical and also should match with skills. If I have ability to get 50 pips, my expectations should not more than that.

Good psychology is a very indicator of understanding and calming your mind before trading. But that is not it, you will need to have a very good management when it comes to risk and money so that you can minimize the losses and maximizing the profit.
Also, a good strategy can sometimes fails due to volatility of the markets, but if you have been able to put in good use of money management, then it should be fine.

reggae posted:
Good psychology is a very indicator of understanding and calming your mind before trading. But that is not it, you will need to have a very good management when it comes to risk and money so that you can minimize the losses and maximizing the profit.
Also, a good strategy can sometimes fails due to volatility of the markets, but if you have been able to put in good use of money management, then it should be fine.

Very true and on point.

Exactly! Knowledge is the key for trading well. Without it, there is no chance for a trader to make any money in the market.

To be a gainer here, one must be a great learner and be able to apply his/her knowledge is doing the best in the market. The market conditions change for all, volatility affects all, but who win are the ones who are able to manage the market conditions well, as per their plans, skills and knowledge.

To be a gainer, you must have experienced the failures also. As a trader you must have seen both sides. Try to acquire new skills for trading successfully.

When certain experience comes to us, we develop our own trading rules that relate specifically to our character from our trading system

It’s true that knowledge is the key, but to have success, you must be consistent throughout the journey.

forexminded posted:
It’s true that knowledge is the key, but to have success, you must be consistent throughout the journey.

Without practice every knowledge is useless. So, practice is also needed.

Yes attaining knowledge and getting proficiency isn't simple. Actually it requires a very long time to get skills and many individuals aren't eager to provide time for gaining knowledge. Unfortunately they could squander time to get nothing.

Most traders don't get success since lots of them are not skilled enough. And many are servant to their feelings. They take decision with their feelings.

According to my personal trading experience, Price Action trading system is the best. It’s the most flexible one! Since you can use any kind of trading instrument here including crypto’s.

Adribaasmet posted:
According to my personal trading experience, Price Action trading system is the best. It’s the most flexible one! Since you can use any kind of trading instrument here including crypto’s.

Yes, you are right. Price Action Best Trading Idea. This strategy has a high percentage of profit.