Successful trading

for success Only good trading knowledge cannot brings profit regularly. Besides trading knowledge you have to focus on money and risk management which is the key to success in Forex trading.

For true successful trading trader needs to know fundamentals. Somany trader look at technical and fail. The ones that are good and stay good are those that understand fundamentals and can read price movement

when you have to be experienced about money management then you can consider trading as an easy issue , otherwise no way , every faction is uncertain in Forex trading , without money management no way to survive in here at all. 

Prakon posted:
For true successful trading trader needs to know fundamentals. Somany trader look at technical and fail. The ones that are good and stay good are those that understand fundamentals and can read price movement

Basically; having a combo trading skill is very much important; only technical or fundamental is not enough.

Sometimes I got maximal result by using EA but I never depend on this. I always try to depend on my trading knowledge that I have acquired by passing a long time with great patience.

Profitable trading is all about having an edge, sticking with that edge and managing risk.

Those that are unsuccessful in trading either have no edge, trade on emotion or don't have strict risk management.

lovethepips posted:

Profitable trading is all about having an edge, sticking with that edge and managing risk.

Those that are unsuccessful in trading either have no edge, trade on emotion or don't have strict risk management.

Money management & risk management is very much important to survive here! It helps to avoid unexpected losses in trading.

lovethepips posted:

Profitable trading is all about having an edge, sticking with that edge and managing risk.

Those that are unsuccessful in trading either have no edge, trade on emotion or don't have strict risk management.

Well said Sir

never found a successful trader in here who got success without using Stop Loss , so this technique no way to avoid at all when trading , without SL your trading condition as like a ship in an ocean without a rudder, that's all. 

Imamul posted:
never found a successful trader in here who got success without using Stop Loss , so this technique no way to avoid at all when trading , without SL your trading condition as like a ship in an ocean without a rudder, that's all. 

true! stop loss is must especially when you are a beginner.

raybill posted:

Imamul posted:
never found a successful trader in here who got success without using Stop Loss , so this technique no way to avoid at all when trading , without SL your trading condition as like a ship in an ocean without a rudder, that's all. 

true! stop loss is must especially when you are a beginner.

Even, you are an experience trader; till now you can’t ignore that tool; yes I am taking about SL.

never found a successful trader in here who got success without using Stop Loss , so this technique no way to avoid at all when trading , without SL your trading condition as like a ship in an ocean without a rudder, that's all. 

AdrianG001 posted:

Imamul posted:
Successful trading is depend on most powerful analyzing trade knowledge , on the other hand , despite of good trading knowledge that’s not possible at all to lead a successful trading life at all if you don’t have a reliable support from a credible trading broker , because the broker can affects the result of our trading with certainly.

Successful trading requires a tremendous trading knowledge and trading apps. It might depend on learning, practice and one should invest only a certain amount what he can bear, keeping a record of things. If you`re a pro forex trader then you should plan a good trading strategy for this. You have to monitor the trade 24*7 as soon as you get time. For this you can get your trading apps loaded on citrix vdi ( https://www.clouddesktoponline.com/citrix-xen-desktop/ ) and make yourself a successful trader.

Regards,
Adrian Gates

You are right Adrian i am been new to all this, i have been using my QuickBooks and also my email officially hosted with them. i will try to put my trading software on cloud as well.

Imamul posted:
never found a successful trader in here who got success without using Stop Loss , so this technique no way to avoid at all when trading , without SL your trading condition as like a ship in an ocean without a rudder, that's all. 

So true. Only or beginner trade without stop loss. Imagine working for a bank and entering a position without a stop loss. You have to tell your boss that the potential losses are unlimited. no one will do that

The best strategy is one you develop yourself as you will fully understand it. Look at the charts and focus on repeating patterns. If you see something test it and adjust it so that it works

ForexFarmer1 posted:
The best strategy is one you develop yourself as you will fully understand it. Look at the charts and focus on repeating patterns. If you see something test it and adjust it so that it works

Totally agree. All my strategies are based around this - finding something that happens in the market over and over again and then creating a strategy to make advantage of this...

Jesse Livermore 'WHATEVER HAPPENS IN THE STOCK MARKET TODAY HAS HAPPENED BEFORE AND WILL HAPPEN AGAIN'.

Jesse Livermore 'PATTERNS REPEAT, BECAUSE HUMAN NATURE HASN’T CHANGED FOR THOUSAND OF YEAR'.

ForexFarmer1 posted:
The best strategy is one you develop yourself as you will fully understand it. Look at the charts and focus on repeating patterns. If you see something test it and adjust it so that it works

I completely agree. Truly great profits can be earned only by breaking strategic analytics templates.

Robert96 posted:

ForexFarmer1 posted:
The best strategy is one you develop yourself as you will fully understand it. Look at the charts and focus on repeating patterns. If you see something test it and adjust it so that it works

I completely agree. Truly great profits can be earned only by breaking strategic analytics templates.

I think so! Basically it takes such a long time to develop a good trading strategy or system! There is nothing like shortcut way of it.

I have seen mostly brokers don’t allow scalping in their trading platforms. So we the traders who are particularly scalpers have to choose our broker carefully. First of all we have to ensure brokers trading spreads , actually without lowest trading spreads that’s not possible at all to make profit with certainly in spite of having good trading knowledge .