Learning and earning

Experienced trader can earn profit by means of minor trading balance, its true. But why you don’t think an armature trader also able to increase his balance gradually just if he passed some inevitable parts of trading with controlling emotions. With experienced traders beginners also can lead a healthy trading life according to his balance if he could maintain his trading discipline with stopping revenge trading. because newcomers attacked maximum time by revenge trading.

There is nothing to learn when there is nothing to lose. Losses are the part of trading life, but learning always recovers the losses. That's how we are living a life.

TeraPips posted:
There is nothing to learn when there is nothing to lose. Losses are the part of trading life, but learning always recovers the losses. That's how we are living a life.

Basically, no one can make 100% profit here! But important point is, pro traders are able to make a decent amount of money end of the month.

demo is the place we actually we come to acquire real trading attitude.  but ultimately we trade here at at random and got nothing , there is no real money in here. so we lost interest after passing sometimes. 

I like demo for starting out but I agree that without real money it is easy to get bored and not take seriously

Mohammadi posted:
demo is the place we actually we come to acquire real trading attitude.  but ultimately we trade here at at random and got nothing , there is no real money in here. so we lost interest after passing sometimes. 

True, nothing to argue about.

KzakSerik posted:
I like demo for starting out but I agree that without real money it is easy to get bored and not take seriously

Limit demo to 3-4 months and then start with micro account, better one. Sit and trade only is the most boring part of trading life and it's no use at all. Rather focus on planning, management (don't forget to include exercise as well) and strategy and trade, that way makes one feel challenging than boring.

TeraPips posted:

Mohammadi posted:
demo is the place we actually we come to acquire real trading attitude. but ultimately we trade here at at random and got nothing , there is no real money in here. so we lost interest after passing sometimes.

True, nothing to argue about.

KzakSerik posted:
I like demo for starting out but I agree that without real money it is easy to get bored and not take seriously

Limit demo to 3-4 months and then start with micro account, better one. Sit and trade only is the most boring part of trading life and it's no use at all. Rather focus on planning, management (don't forget to include exercise as well) and strategy and trade, that way makes one feel challenging than boring.

i totally agree. should definitely start with demo but only for a short period of time.

I find that it helps to read about Forex news during the day and other educational material. This helps keep me focused, learn more and also stops me from over trading as I do not get board

Dambovita posted:
I find that it helps to read about Forex news during the day and other educational material. This helps keep me focused, learn more and also stops me from over trading as I do not get board

nice idea😄

I do a similar thing. I like to watch YouTube educational videos as a way to stop getting bored but you need discipline to not end up looking at cat videos etc.!!

Dambovita posted:
I find that it helps to read about Forex news during the day and other educational material. This helps keep me focused, learn more and also stops me from over trading as I do not get board

Good step. Over trading is one of the dirty attitude traders have which always end up in loss. Don't miss to include T,F,Sentimental analysis in your resources.

for learning , The demo account is the master place for a beginner to acquire all basic fundamental information which is very supportive to continue a live account in a proper way. But practically most of the beginners don’t believe the importance of this trading place at all. In my trading career, I use all my trading strategies in demo trading to see the performance how it works.

What is the learning for trader? I agree trader should get basic knowledge how to use indicators and trading theories. But there is no another way to start earn except of experience. Thus, wanna earn? - trade

iamjacobs posted:
What is the learning for trader? I agree trader should get basic knowledge how to use indicators and trading theories. But there is no another way to start earn except of experience. Thus, wanna earn? - trade

well; trading is not all about indictor based knowledge! I am sure, which traders will focus on technical (market chart) & fundamental (news trading) more, they will get more success in trading.

For ensuring a better trading life we have to ensure the broker which always provides security of funds , superior execution , easy withdrawal system without long term process, active customer services , flexible trading leverage , minimum margin requirements usable bonus offer , low transaction cost and much more.

yeah broker is important but even with a rubbish broker you a pro trader can make money. Forget worrying about broker and focus on trading

Jingyi posted:
yeah broker is important but even with a rubbish broker you a pro trader can make money. Forget worrying about broker and focus on trading

Maybe, but I don’t think; it’s a good idea with a rubbish broker! We should go with regulated Forex broker.

For me, Forex trading business is the most decent way of money making! That’s way, I have already decided to use this money earning opportunity as my full time profession! Although, I struggled a lot because I started my trading without any teacher! Here, popular forums helped me a lot including this one!

So are you full time pro trader now? Please share your tips with us