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5 Things I have learned in 5 years of trading!
Anggota Sejak Mar 24, 2021
6 pos
Anggota Sejak Jul 20, 2020
399 pos
Apr 16, 2022 at 14:45
Anggota Sejak Jul 20, 2020
399 pos
groundhogday posted:
#4 '4) Trading of any type is NOT A GET RICH QUICK SCHEME! It t' Is an important one. If everyone knew that then most people wouldn't even start trading
To be honest i think you're absolutely right if they knew that it was hard work they would stay well away. I suppose some just don't get it until years later. Im 2 years in now and finally becoming profitable but its been blood, sweat and tears tbh
Anggota Sejak Jan 13, 2022
18 pos
Anggota Sejak May 31, 2021
35 pos
Anggota Sejak Apr 09, 2019
538 pos
Apr 21, 2022 at 08:27
Anggota Sejak Apr 09, 2019
538 pos
MasterMove posted:
I have learnt that having proper knowledge, being consistent and patient is very important in forex trading.
Learning and education is key. I have no idea why some people come into a multi-trillion dollar a day business and think they can pull money out with no education in it.
If you can't spot the liquidity then you are the liquidity.
Anggota Sejak Jul 20, 2020
399 pos
Apr 23, 2022 at 09:45
Anggota Sejak Jul 20, 2020
399 pos
sebking1986 posted:MasterMove posted:
I have learnt that having proper knowledge, being consistent and patient is very important in forex trading.
Learning and education is key. I have no idea why some people come into a multi-trillion dollar a day business and think they can pull money out with no education in it.
That is one of the most baffling things for sure. Like there are traders with degrees and 7 year internships and retail traders for a better word spending years honing their craft and then someone comes in after 2 months and thinks they're gonna hit 6 figures a month
Anggota Sejak Jul 23, 2020
869 pos
Apr 24, 2022 at 06:20
Anggota Sejak Jul 23, 2020
869 pos
croisssan posted:
I learned a lot, but the most important thing is not to forget about having a demo account. Sometimes a strategy can be worked out on a demo account so that later you do not get losses on a real one.
Well Said, actually demo is the best way to learn Forex! So, new traders need to start their trading journey by using the demo! They should the demo as like their real account! Which traders try to avoid the demo initially, they suffer a lot in their live trading!
Anggota Sejak Apr 14, 2022
32 pos
Apr 25, 2022 at 05:50
Anggota Sejak Apr 14, 2022
32 pos
1. You must have a consistent set of actions before you get a consistent set of results
2. You must have an edge in trading
3. Ability to work under pressure.
4. Those who make money fast, also lose money fast
5. Trading is not only about earning money, but it also teaches you a lot more than what meets the eye.
2. You must have an edge in trading
3. Ability to work under pressure.
4. Those who make money fast, also lose money fast
5. Trading is not only about earning money, but it also teaches you a lot more than what meets the eye.
Anggota Sejak Apr 14, 2022
41 pos
Anggota Sejak Feb 07, 2022
9 pos
Anggota Sejak Apr 14, 2022
34 pos
Apr 28, 2022 at 16:08
Anggota Sejak Dec 09, 2013
139 pos
tobeygomez posted:Very true. Traders are to be very patient. To find out a good strategy, a trader must work very hard with patience. Then, he has to stick with his plan. Thanks for your opinion.
Being patient, consistent, and sticking to a plan, in my opinion, is the key to trading success.
Anggota Sejak Aug 10, 2021
178 pos
Anggota Sejak Oct 28, 2009
1424 pos
Apr 29, 2022 at 08:57
Anggota Sejak Oct 28, 2009
1424 pos
I've learned one thing.
95% of people lose money.
This means that 95% of people are talking out of their backsides.
95% of people lose money.
This means that 95% of people are talking out of their backsides.
11:15, restate my assumptions: 1. Mathematics is the language of nature. 2. Everything around us can be represented and understood through numbers. 3. If you graph these numbers, patterns emerge. Therefore: There are patterns everywhere in nature.
Anggota Sejak Jul 20, 2020
399 pos
Apr 30, 2022 at 15:13
Anggota Sejak Jul 20, 2020
399 pos
stevetrade posted:
I've learned one thing.
95% of people lose money.
This means that 95% of people are talking out of their backsides.
Yeah that's true to an extent i think. I would question that percentage slightly as there was one saying 80% lose money a while back but you have to think a high percentage of businesses fail in a short period, there's a high drop out in medical schools, tough courses. This is not an easy business and dedication is a must to succeed. Its so hard to regulate or verify actual traders without a myfxbook and so many trust people without them. This is one of the huge problems with the industry of retail traders and this perpetuates people losing money as they are learning from unsuccessful people teaching them too.
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