5 Things I have learned in 5 years of trading!

Aug 16, 2021 at 09:31
7,413 Views
179 Replies
Biedrs kopš   16 ieraksti
May 02, 2022 at 09:31
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.
Biedrs kopš   300 ieraksti
May 04, 2022 at 10:43
cici22889 posted:
Try use some efficient forex tools as shown in the ImageXD
It's way more better to use TradingView.
momchil_slavov@
May 05, 2022 at 06:23
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.
Biedrs kopš   24 ieraksti
May 06, 2022 at 05:37
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.
Biedrs kopš   67 ieraksti
May 09, 2022 at 13:34
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.
Biedrs kopš   25 ieraksti
May 11, 2022 at 04:25 (labots May 11, 2022 at 04:25)
Don’t believe what others say. Find your reasons to trade and not to trade.
Biedrs kopš   45 ieraksti
May 13, 2022 at 04:39
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
Biedrs kopš   73 ieraksti
May 13, 2022 at 05:43
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.
Biedrs kopš   9 ieraksti
May 13, 2022 at 10:25
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?
Biedrs kopš   6 ieraksti
May 13, 2022 at 10:59
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.
May 14, 2022 at 14:48
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
Biedrs kopš   39 ieraksti
May 15, 2022 at 17:09
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
May 22, 2022 at 14:32
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
Biedrs kopš   72 ieraksti
May 23, 2022 at 06:01
Very important and realistic information for every type of trader. Along with these, traders should believe in forex analysis and practise with patience.
Biedrs kopš   22 ieraksti
May 25, 2022 at 07:26
1. Learning and upskilling are the most important parts of a trading career.
2. Do not believe every opinion.
3. You can not just copy and paste a strategy.
4. Trading requires patience and discipline.
5. Set realistic goals.
Biedrs kopš   538 ieraksti
May 25, 2022 at 09:01
Firmly agree with all points you have made there. Especially number 3. Something that needs to be made clear to many newer traders.
If you can't spot the liquidity then you are the liquidity.
Biedrs kopš   23 ieraksti
May 27, 2022 at 04:59
All traders need to know what other traders are doing. But it doesn’t mean that your trading decisions must solely be based on what others tell you about. You must do your own analysis to be able to make the right moves.
May 28, 2022 at 10:18
Bransle posted:
All traders need to know what other traders are doing. But it doesn’t mean that your trading decisions must solely be based on what others tell you about. You must do your own analysis to be able to make the right moves.

How do you mean traders need to know what other trader's are doing? im not sure i agree, just for the fact we trade the market not other traders
Biedrs kopš   300 ieraksti
May 30, 2022 at 20:59
CraigMcG2020 posted:
Bransle posted:
All traders need to know what other traders are doing. But it doesn’t mean that your trading decisions must solely be based on what others tell you about. You must do your own analysis to be able to make the right moves.

How do you mean traders need to know what other trader's are doing? im not sure i agree, just for the fact we trade the market not other traders
Actually the truth is somewhere between.
momchil_slavov@
Biedrs kopš   34 ieraksti
Jun 02, 2022 at 04:59
Good to see such posts coming from experienced traders like you. I totally agree with all your points. It is important to stop comparing yourself with others when it comes to trading. Your competition should be with your past self and not someone else. See how you can become a better version of yourself rather than trying to beat someone else. Just keep learning and growing at your own pace. Focus on work and forget the result will be that one quote that will help you in your journey as a forex trader. Thank you for sharing your experience and valuable thoughts with us.
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