Edit Your Comment
5 Things I have learned in 5 years of trading!
Jun 28, 2022 at 14:33
Anggota Sejak Feb 15, 2022
219 pos
AliaDare posted:Yeah, that’s the power of this community; there have so many expert traders, who are willingly sharing their experience that helps the newbies to grow their own trading skill!
Exactly, a lot of knowledge can be gained from this post. As a trader, you need to know these things well.
Anggota Sejak May 05, 2022
20 pos
Anggota Sejak Apr 09, 2019
538 pos
Jul 05, 2022 at 12:56
Anggota Sejak Apr 09, 2019
538 pos
AbbasAliKhan08 posted:
learning is important but any kind of learning can be useless if there is no regular level of practice.
Certainly directed learning and study are important but there are certain universal factors that are the same for everyone regardless of how you end up trading. But things to consider are what will your time availability likely be when trading and therefore what will this mean for the trading style I will end up pursuing in the near term, what is my appetite for risk, have I got a relatively stable income before starting etc. The on from there factors like how am I reading price, what are entry signals I need to look for. Where would I put my SLs and TPs in different trade scenarios.
If you can't spot the liquidity then you are the liquidity.
Anggota Sejak Jul 23, 2020
869 pos
Jul 06, 2022 at 05:47
Anggota Sejak Jul 23, 2020
869 pos
In Forex business, those who became successful from Forex trading became just because of their passion. Passion drives a person towards the horizon of success. And it’s natural that they will face several ups and downs but they should not lag behind from trading. Eurotrader supports their traders in many ways to develop their trading.
Anggota Sejak Apr 09, 2019
538 pos
Jul 08, 2022 at 12:45
Anggota Sejak Apr 09, 2019
538 pos
I agree that passion is a good driver but more as an initial starter. This is why it is important to have discipline and good habits in place as they get your through when the passion on enthusiasm wanes.
If you can't spot the liquidity then you are the liquidity.
Anggota Sejak Jul 20, 2020
399 pos
Jul 11, 2022 at 11:47
Anggota Sejak Jul 20, 2020
399 pos
sebking1986 posted:
I agree that passion is a good driver but more as an initial starter. This is why it is important to have discipline and good habits in place as they get your through when the passion on enthusiasm wanes.
Discipline for me is the biggest factor. It's the one that can help you follow a trading plan and money management
Anggota Sejak Apr 09, 2019
538 pos
Jul 11, 2022 at 13:56
Anggota Sejak Apr 09, 2019
538 pos
100%. I found reading Atomic Habits by James Clear really useful in understanding the benefit of small changes and habits in helping to create discipline and to keep moving forward
If you can't spot the liquidity then you are the liquidity.
Anggota Sejak Jul 20, 2020
399 pos
Jul 17, 2022 at 15:22
Anggota Sejak Jul 20, 2020
399 pos
Gasbag posted:
Thank you for sharing your knowledge and experience with us. We always learn many things from experience in the forex market. This experience gives us an edge over others in the long run. One thing that I learned as a trader is that skills matter more than strategy. Yes, we do need a strategy to work with but it being successful depends on our skills and knowledge only.
It does for sure but its also persistence you need to believe in yourself and the process even when things are not going well and that uncertainty is tough when you're in it
Jul 21, 2022 at 09:09
Anggota Sejak May 27, 2022
12 pos
Notandum posted:
Forex trading is not just a process of making money, but you learn several things along the way. I have learned the importance of being patient, believing in myself and my trading, and controlling emotions.
learning and earning go together. You cannot earn without learning. If you focus on learning then the earning will come naturally
Anggota Sejak Jun 22, 2022
21 pos
Jul 21, 2022 at 11:22
Anggota Sejak Jun 22, 2022
21 pos
The start you make is essential but what you go through in your trading journey matters even more. Where the profits fill you with confidence, losses may drain you. Learn to find a balance because both the results will keep coming in. Expectations are okay but no need to make them your sole goals.
Jul 22, 2022 at 07:00
Anggota Sejak Jun 22, 2022
22 pos
Here’s what I have learned -
1. Using a stop loss is important, but you shouldn’t set it too close. Because the volatility of the market tends the price chart to frequently go up-and-down. Setting the stop loss too close to the entry point will exit your trading too soon.
2. Maintaining a trading journal is helpful in a lot of ways like keeping a track of your profits and loss, keeping a record of important decisions, and other things.
3. Setting unrealistic goals is only going to harm your mentality and mindset. Set achievable goals and targets.
4. Demo trading is really necessary to get a grip of the market before starting live trading.
1. Using a stop loss is important, but you shouldn’t set it too close. Because the volatility of the market tends the price chart to frequently go up-and-down. Setting the stop loss too close to the entry point will exit your trading too soon.
2. Maintaining a trading journal is helpful in a lot of ways like keeping a track of your profits and loss, keeping a record of important decisions, and other things.
3. Setting unrealistic goals is only going to harm your mentality and mindset. Set achievable goals and targets.
4. Demo trading is really necessary to get a grip of the market before starting live trading.
Anggota Sejak Jul 06, 2022
24 pos
Jul 30, 2022 at 10:03
Anggota Sejak Oct 20, 2018
300 pos
Ricochet posted:Yes. So true. That's a good lesson.
Forex trading has taught me patience and stability. It’s not just about what you do but also about how you behave. You must stay open to everything that comes as a result because if you fail at accepting your results, you fail at trading.
momchil_slavov@
Anggota Sejak Jul 20, 2020
399 pos
Jul 31, 2022 at 14:49
Anggota Sejak Jul 20, 2020
399 pos
Ricochet posted:
Forex trading has taught me patience and stability. It’s not just about what you do but also about how you behave. You must stay open to everything that comes as a result because if you fail at accepting your results, you fail at trading.
Really true you have to be able to face the truth and your trading performance if you bury your head in the sand its a recipe for disaster
Anggota Sejak Apr 09, 2019
538 pos
Anggota Sejak Jul 20, 2020
399 pos
Aug 07, 2022 at 15:51
Anggota Sejak Jul 20, 2020
399 pos
sebking1986 posted:
100% trading brutally exposes your flaws and failure to be humble in the face of that and learn results in losses. Not only in trading but in other facets of life.
Really does reveal everyone's risk appetites and limits. It's a personal journey that if followed through is literally life changing in many aspects
Anggota Sejak Apr 09, 2019
538 pos
*Penggunaan komersial dan spam tidak akan ditolerir, dan dapat mengakibatkan penonaktifkan akun.
Tip: Memposting gamba /url youtube akan secara otomatis menyematkannya di postingan Anda!
Tip: Ketik tanda @ untuk melengkapi secara otomatis nama pengguna yang ikut serta dalam diskusi ini.