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The key to success
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darrengreg

Biedrs kopš Feb 02, 2017  27 ieraksti darren (darrengreg) Mar 07 2017 at 08:18
jhonix posted:
proyecto posted:
TiffanyK posted:
BaldoN posted:
Hello,
I believe the key for success comes after enough 'screen time' or with other words experience. It is like every other profession - you become great, but this will require some time, education, testing, discipline and a lot of spirit :)


Nicely said, BaldoN !! Self-control and killing your emotions is also needed. I’ve always thought that the psychological side of trading is important also smiley


Of course, that's very important ..

Also the creativity, the work and the determination that we put to the negotiation would be of success.


Waoo. I agree with you. Self-control develops in our daily lives, is related to learning to moderate, to reduce behaviors.



agree with you all! With commitment to trading plans and application of your forex knowledge in the trading you can unlock the doors to success. Also avoid emotional trading which mainly kills the profit and erodes a trader’s confidence.

ct862

Biedrs kopš Jan 02, 2017  10 ieraksti ct862 Mar 22 2017 at 07:31
I do not think I always win or always lose. We must bear in mind that it is a market of probabilities and unexpected movements and that, possibly, if we invest in Forex we will lose a percentage. The thing to avoid is that profits, after all, exceed that percentage of losses.

Petrov3

Biedrs kopš Oct 03, 2016  8 ieraksti Petrov3 Mar 23 2017 at 07:59
Never allow your emotions to govern an operation. Keep in mind the reasons why you entered the market and agree to these reasons. The less emotional it is, the better it will be. Do not set aside the view of your trading plan, move your stop loss as the market evolves in your favor and let your earnings run.

sebastian4

Biedrs kopš Oct 05, 2016  10 ieraksti sebastian4 Mar 24 2017 at 07:06
Petrov3 posted:
Never allow your emotions to govern an operation. Keep in mind the reasons why you entered the market and agree to these reasons. The less emotional it is, the better it will be. Do not set aside the view of your trading plan, move your stop loss as the market evolves in your favor and let your earnings run.


Of course .. Of course, do not let your emotions dominate your intelligence.

hugol

Biedrs kopš Oct 09, 2016  15 ieraksti hugol Mar 26 2017 at 07:05
I think that setting goals for each stage of your progress, from start to finish will be of great benefit. Give priority when meeting goals and setting new goals to stay motivated. If you continue to improve those goals, you will surely be on your way to success

gustabofx

Biedrs kopš Oct 12, 2016  12 ieraksti gustabofx Mar 26 2017 at 07:24
All trading systems have losses when trading with a leverage, you can not afford to lose too much money. Lose 50% of your capital and you have to make 100% just not to lose. This may seem like common sense, but most of the more leverage traders take me to the first important point that you need to know.

danuska

Biedrs kopš Oct 19, 2016  8 ieraksti danuska Mar 26 2017 at 07:30
A trend is going to go up or down but there will be strong short correction in the opposite direction, you should make sure that your stop is placed outside the corrections of this or the arrested by random volatility. If you want to win, you have to take a calculated risk, most traders try and restrict the risk both creating a wipe out inevitable.

mlawson71

Biedrs kopš Dec 11, 2015  1486 ieraksti mlawson71 Mar 27 2017 at 11:54
Corrections aren't always short, sometimes they are pretty deep in either direction, depending on the trend and last for a long time.

xgavinc

Biedrs kopš May 11, 2011  235 ieraksti xgavinc Mar 27 2017 at 12:48
I think this one rule (or goal) solves all problems (in it's simplest form):

Margin Level > 1000% - Good!
Margin Level < 1000% - Over Trading, caution! only close trades.

Margin Level < 500% - Seriously! what are you doing? Don't cry when you get margin called, you started it :-P

A smart trader will fund account under 500%, no new trades till over 1000%, Noob Trader will open new trades in hope of regaining margin level by closing them in profit (I kept doing this for 3 years before I learned my lesson - you thought you'll know everything about forex trading in 3 years? ha ha ha! yeah, not going to happen, you'll still be learning new things after 6+ years).

This is the easiest and most effective rule to follow, it doesn't require a rocket science degree, it fits easily on a sticky note (if that's your groove) and you can get some sleep (If you go from over 1000% margin level to bust overnight... you either have a crooked broker, the earth exploded or the sky fell).

For every loss there should be at least an equal and opposite profit.
ChenLipKeong

Biedrs kopš Apr 18, 2017  38 ieraksti ChenLipKeong Apr 24 2017 at 13:58
A great article indeed for the investors! But, which traders want to be a successful Forex trader manually, learning is the only one way for them! In addition, learning is the only one valid way for me sincere I wanna make personal good trading skill here! And of course, I am not interested on any kind of automatic trading service!

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HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment; do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions. Any data and information is provided 'as is' solely for informational purposes, and is not intended for trading purposes or advice.