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5 Things I have learned in 5 years of trading!

tobeygomez
Apr 28 at 11:43
33 投稿
Being patient, consistent, and sticking to a plan, in my opinion, is the key to trading success.
sharabela
Apr 28 at 16:08
123 投稿
tobeygomez posted:
Being patient, consistent, and sticking to a plan, in my opinion, is the key to trading success.
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.
Williamfreed
Apr 29 at 01:43
176 投稿
Thanks for sharing your experience!
Steve B (stevetrade)
Apr 29 at 08:57
1415 投稿
I've learned one thing.

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.
CraigMcG2020
Apr 30 at 15:13
385 投稿
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.
Jamesmaculm
May 02 at 09:31
16 投稿
There are things that I learnt while trading forex which helped me in real life too. It helped me in money management and limiting my expenditure.
Peterhandcomp
May 02 at 09:38
22 投稿
Forex Trading has motivated me in other aspects of life for not giving up on them and trying one more.
momo3HC
May 04 at 10:43
288 投稿
cici22889 posted:
Try use some efficient forex tools as shown in the ImageXD
It's way more better to use TradingView.
Charlespeterson
May 05 at 06:23
18 投稿
All the points covered are really good. This post is really helpful for the traders especially the beginners will be greatly benefitted from this. There’s a lot to learn here and I agree with all the points. Yes, a broker is not mandatory, most social media “gurus” are scammers, you need to develop your own strategy, learning is important before trading, and keeping realistic goals, all the points are very well said.
Crotchet
May 06 at 05:37
24 投稿
Never be greedy when you are a forex trader. Greed won’t only blur how you see the market but will also ruin your trading account.
Antonio_K
May 07 at 06:06
27 投稿
One golden rule to remember is always start with demo. It is the only way to improve.
LeoGM
May 09 at 13:34
67 投稿
Your 5 points are important! Maximum traders don’t trade in demo acciount and its’ their fault. They take demo trading as a very simple factor. But this demo trading strengthens the basement of a trader. Expert traders also use demo account to retain their expertism for a long time.
Bigmouth
May 11 at 04:25
25 投稿
Don’t believe what others say. Find your reasons to trade and not to trade.
Superfluous
May 13 at 04:39
44 投稿
Here are the 3 things I have learnt in my career-
1. Learning risk management is equally important as learning technical analysis.
2. Money management is more important than using leverage.
3. In order to make consistent profits in forex trading, you need dedication, lot of time, and discipline
shortant
May 13 at 05:43
73 投稿
Here are 5 things that I have learnt from my experience in forex trading -
1. The essence and importance of money management and savings.
2. The importance of knowing and practising risk management.
3. The necessity to plan a strategy before trading.
4. It is important to control emotions, especially negative emotions, and keep them at bay when taking any trading decision.
JinTinTrading
May 13 at 10:25
9 投稿
shortant posted:
4. It is important to control emotions, especially negative emotions, and keep them at bay when taking any trading decision.
How did you manage to control emotions?
Pyrotrading
May 13 at 10:59
6 投稿
My points (15 years of trading experience) which I think are important:

1. Use StopLoss
2. Let profits run
3. Practice on demo accounts for a longer period of time (min. 3 months) to get a feel for the market or to test strategies
4. Don't go in expecting to make a quick buck
5. Learn from your mistakes and write them down to do better next time
6. Use a broker with stable servers and low costs

Learning to trade is a long and difficult journey. It can take years to find a trading style that suits you.
CraigMcG2020
May 14 at 14:48
385 投稿
Pyrotrading posted:
My points (15 years of trading experience) which I think are important:

1. Use StopLoss
2. Let profits run
3. Practice on demo accounts for a longer period of time (min. 3 months) to get a feel for the market or to test strategies
4. Don't go in expecting to make a quick buck
5. Learn from your mistakes and write them down to do better next time
6. Use a broker with stable servers and low costs

Learning to trade is a long and difficult journey. It can take years to find a trading style that suits you.

Love this, i think these points 1-3 can be achieved by having a trading plan and sticking to it. I think it's so key to have your rules set out and in a way it takes the emotional pressure off people's trading
Maidas888
May 15 at 17:09
39 投稿
CraigMcG2020 posted:
Pyrotrading posted:
My points (15 years of trading experience) which I think are important:

1. Use StopLoss
2. Let profits run
3. Practice on demo accounts for a longer period of time (min. 3 months) to get a feel for the market or to test strategies
4. Don't go in expecting to make a quick buck
5. Learn from your mistakes and write them down to do better next time
6. Use a broker with stable servers and low costs

Learning to trade is a long and difficult journey. It can take years to find a trading style that suits you.

Love this, i think these points 1-3 can be achieved by having a trading plan and sticking to it. I think it's so key to have your rules set out and in a way it takes the emotional pressure off people's trading
Agree mate. But I would love to see what you have learned about strategy and analysis
CraigMcG2020
May 22 at 14:32
385 投稿
Maidas888 posted:
CraigMcG2020 posted:
Pyrotrading posted:
My points (15 years of trading experience) which I think are important:

1. Use StopLoss
2. Let profits run
3. Practice on demo accounts for a longer period of time (min. 3 months) to get a feel for the market or to test strategies
4. Don't go in expecting to make a quick buck
5. Learn from your mistakes and write them down to do better next time
6. Use a broker with stable servers and low costs

Learning to trade is a long and difficult journey. It can take years to find a trading style that suits you.

Love this, i think these points 1-3 can be achieved by having a trading plan and sticking to it. I think it's so key to have your rules set out and in a way it takes the emotional pressure off people's trading
Agree mate. But I would love to see what you have learned about strategy and analysis

Of course im always here to help with questions. I am now institutionally orientated so i follow order flow and liquidity
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