If you want to get success

davemack posted:
If you want to get success” don't trade without strategies , follow the principles of trading and never trade emotionally.

Correct, to get the success you need to trade by combining many things. E.g., patience, strategy, discipline plan.

LukeRachel posted:

davemack posted:
If you want to get success” don't trade without strategies , follow the principles of trading and never trade emotionally.

Correct, to get the success you need to trade by combining many things. E.g., patience, strategy, discipline plan.

I agree here, although many newcomers to trading hope for quick and easy earnings, but this does not happen here

LukeRachel posted:

davemack posted:
If you want to get success” don't trade without strategies , follow the principles of trading and never trade emotionally.

Correct, to get the success you need to trade by combining many things. E.g., patience, strategy, discipline plan.

Yes. Discipline and strategy can make you rich in this market.

No patience = no profit

If you want to make decent and consistent profits from trading, the first thing you've got to do is to set up realistic goals and expectations. Don't think of forex as the source of easy money which doesn't require certain skills and knowledge. Successful trading is all about seld-discipline and constant learning. So, before coming to forex, be prepared to work hard and learn a lot.

I cannot but agree with the idea that the broker plays crucial role in a trader's results. If a broker is a scam or charges lots of different commissions, then a trader will be demotivated and upset because of lack of any decent profits. So, watch out while choosing a forex broker.

RobertFerrari posted:

LukeRachel posted:

davemack posted:
If you want to get success” don't trade without strategies , follow the principles of trading and never trade emotionally.

Correct, to get the success you need to trade by combining many things. E.g., patience, strategy, discipline plan.

Yes. Discipline and strategy can make you rich in this market.

Thankfully, profits can never be made without a plan and discipline.

If you want to get success, you need to learn to take both profit and loss in your stride and also stay consistent don't give up too soon.

1: Do Not Take it Personally. ...
2: Understand Price Action Signals. ...
3: Devise a Balanced Strategy. ...
4: Incorporate the Fibonacci Trading Strategy. ...
5: Manage the Risks. ...
6: News.

AliForexTalks posted:
1: Do Not Take it Personally. ...
2: Understand Price Action Signals. ...
3: Devise a Balanced Strategy. ...
4: Incorporate the Fibonacci Trading Strategy. ...
5: Manage the Risks. ...
6: News.

The most important thing to me here is risk management. If you can manage the risk, you can make a lot of money in trading.

AliForexTalks posted:
1: Do Not Take it Personally. ...
2: Understand Price Action Signals. ...
3: Devise a Balanced Strategy. ...
4: Incorporate the Fibonacci Trading Strategy. ...
5: Manage the Risks. ...
6: News.

All are correct.

Broker is very important in trading because it is a mediator between the market and the trader. Even if you have huge knowldege about the markets and you have the skills, they will never bring you the profits if your broker is a scam or it charges too much. So, choosing a broker is essential and you've got to be extremely careful about it.

Beazeris posted:
Broker is very important in trading because it is a mediator between the market and the trader. Even if you have huge knowldege about the markets and you have the skills, they will never bring you the profits if your broker is a scam or it charges too much. So, choosing a broker is essential and you've got to be extremely careful about it.

A good broker can be a good option to make a good trading career.

@RobertFerrari A good broker is needed for online forex trading. But along with broker, a person also needs knowledge and skills. Without enough skills, surviving in the market is not possible.