I've seen so many advice for all the time, it's nice that people share such moments from personal thinking
Akasuki posted:
Along with good knowledge and skills we also need a sound mindset. It's the trading psychology that makes the difference between successful and failure.
Rightly said, i have seen people who possess good knowledge and everything but they are not able to control their emotions which make their trading worse.
Sep 24 2021 at 05:42
One tip or a suggestion i can give is never be greedy and take one step at a time.
Skills and experience is very important for forex trading. Without being skilled it's not possible to survive in the market.
Nathan_Han001 posted:
One tip or a suggestion i can give is never be greedy and take one step at a time.
Greed is the most dangerous thing in this market.
Oct 03 2021 at 05:31
RobSchiz posted:Nathan_Han001 posted:
One tip or a suggestion i can give is never be greedy and take one step at a time.
Greed is the most dangerous thing in this market.
I agree with you. It destroys a trader's career within a second.
Oct 04 2021 at 09:42
Trading psychology is one of the most important things to master in order to be a successful forex trader. Making the right decision under pressure is something that cannot be taught, you can only learn it.
There is a big amount of tips actually and it may take lots of time to describe all the tips. I can describe only several ones, which are the main in my opinion. The first tip of successful trading is never rushing. You know, sometimes traders go mad about huge amounts of money and it's strictly prohibited in trading activity as I think, because the brain always should be cold. You shouldn't let your emotions get you down and never let them take control over your mind. In my opinion, it's the most spread mistake. Of course, you can make some mistakes but try to avoid major ones.
Hard work and continuous practice willmake a trader successful .He will become experienced in trading day . In forex we can nt get success in days Here need a lot of timeit means patience is also important for success.
whitneytyler posted:
Trading psychology is one of the most important things to master in order to be a successful forex trader. Making the right decision under pressure is something that cannot be taught, you can only learn it.
I agree with you. You have to take the right decisions at the right time to survive in this risky market.
On point 1 I will say that understand early that you can take ideas from others but you can't take out the box ready made plans. You have to do the work to find what is right for YOU.
If you can't spot the liquidity then you are the liquidity.
My main tip would be to find an expert and either follow their trades or learn from them. It is too hard to do this on your own without an expert
Simply put, to be a successful trader, I need to work with psychology as well as a good profitable strategy.
The main advice is to take the time to study. This is a really important aspect to work with. When I worked with a broker from Amarkets, I devoted enough time to training on a demo account.
It is important to pay attention to learning and understand that this is the path to success.
actually there is no successful trader in this trading place at all because at the end of the day you are loser by trading and no one can avoid the losses despite of good knowledge.
Dec 16 2021 at 12:57
You have properly summarized all that a trader should do. I know that we all have different journeys and we can pave our own paths. But keeping all this in mind can help us stay away from unnecessary risks.
LucianVince posted:
You have properly summarized all that a trader should do. I know that we all have different journeys and we can pave our own paths. But keeping all this in mind can help us stay away from unnecessary risks.
You need to gather all the basic knowledge and skills to become successful in this market.
I think it is more important to be prudent about the risk that you are taking. You should not focus on winning the trade but instead focus on saving the trade by not allowing the risk to be more than the money you deposited to open a position.
