Your most successful trade

Adamgylicrist posted:
I don’t know if I can call it the ‘most successful’ trade but it was somewhat close so I can consider it a success. I made some decent returns on EUR/GBP and since the price moved in my favor, I call it a win-win.

Was it the biggest win you've made till date?

I did try some strategies but there hasn’t been a consistency in profits. I think it takes a lot of time to get constant results in forex. Wondering if I should start with scalping for making fast returns. Thoughts?

First, you need to apply the trading mentality in the right way. Then you have to manage the discipline and plan and enter the trade.

AliaDare posted:
First, you need to apply the trading mentality in the right way. Then you have to manage the discipline and plan and enter the trade.

That's right, following the right kind of plan and sequence is quite important if one wishes to succeed here.

Harshalgibbs posted:
That is right Adam, and it is exactly how low risking traders should work. There’s no harm in wanting to trade safely.

Even my approach is also the same. I like to trade safely.

Swing on USD/JPY for a 1:30 RR roughly .
Tight SL increases you RR but will close you out of other correct analyses

If you want to earn something good from trading, you must develop skills. If there is a deficit in skills development, it is never possible to earn something good from trading.

I am still waiting for a trade that I can call my most successful trade. I have made some decent returns in the past but I don’t consider any of them as my most successful trade. I am sure that I can do better and have recently started to trade with Fxview and XTB that put no restrictions on trading style. So I suppose now I’ll be in a better position to trade as per my market analysis. My most successful trade is yet to come and I will share it here in some time. :)

inspirenez posted:
I am still waiting for a trade that I can call my most successful trade. I have made some decent returns in the past but I don’t consider any of them as my most successful trade. I am sure that I can do better and have recently started to trade with Fxview and XTB that put no restrictions on trading style. So I suppose now I’ll be in a better position to trade as per my market analysis. My most successful trade is yet to come and I will share it here in some time. :)

Good spirit! We must never stop learning and never feel satisfied with what we have achieved so far. There is so much that can be done and achieved in the market. I have recently started to make some profits but don’t have a trade that I can call my best.

Forex Risky Market. So if you want to control this risk, you must maintain a 1: 2 risk ratio. That way you can see success.

LeviSievwright5 posted:
Forex Risky Market. So if you want to control this risk, you must maintain a 1: 2 risk ratio. That way you can see success.

I also agree and follow this ratio in my trading.

For every trader, success comes differently. Some traders are happy with 1-2% profits while there are many who don’t get satisfied even if they are making 25% per trade. It is all a matter of acceptance and believing that you can do better.

Gleywilleyy posted:
For every trader, success comes differently. Some traders are happy with 1-2% profits while there are many who don’t get satisfied even if they are making 25% per trade. It is all a matter of acceptance and believing that you can do better.

I completely agree with you. Gone is the time when I was focusing on improving my profits. But after gaining some experience in the market, I realized that I should focus on improving my skills because that’s what will help me get profits in the long run. Since then, I keep trying new things with my brokers- Fxview and IG and write about them in my trading journal to learn from my own mistakes.

My successful trades keep on changing as I am very much active in the trading market and I trade frequently. Some of the times I don’t earn that good but sometimes I do much better than my previous trades.

success is not easy we know very well but still we try to bring success with no learning ,
as a result we become loser when try to make it in practical.

luck is really important if you know to trade well and have good knowledge and experience , without knowledge there is no good lcuk

knowledge and experience needed i agree with you , but it can be valueless if you dont have regular practice  , so besides acquiring good knowledge its more appropriate to emphasis on practice session. 

Until now, the trade that got me $567 is my most successful trade. I know that I have a lot of potential and I can do much better. Will keep taking risks and breaking my own records.

A successful trade has a different meaning for each one of us. What is a successful trade according to me might only be a warm up according to someone else. Trading is an individual journey and your focus must be on your journey only. Take motivation from others but pave your own path.