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forex new trader

saurabhjoshi (saurabhjoshi)
Mar 21 2019 at 08:23
3 ieraksti
After spending many years in trading and after making and profit and loss. I want to tell you this it never was my thinking that made the big money for me. It was always my sitting. Got that? My sitting tight! It is no trick at all to be right on the market. I’ve known many [traders] who were right at exactly the right time, and began buying or selling stocks when prices were at the very level that should show the greatest profit. And their experience invariably matched mine; that is, they made no real money out of it. [Traders] who can both be right and sit tight are uncommon. I found it one of the hardest things to learn. But it is only after a stock operator has firmly grasped this that he can make the big money.”

Abderrahmane1992
Mar 21 2019 at 09:31
8 ieraksti
What do you mean? Are saying that the most important thing is to hold a trade open and 'let the profits run'?

saurabhjoshi (saurabhjoshi)
Mar 21 2019 at 09:46
3 ieraksti
After a wild and lengthy rollercoaster ride as a speculator, Livermore believes he has found the secret to his success. It’s obvious he’s excited by this discovery, which he eagerly shares:

“After spending many years in market and after making and losing millions of dollars I want to tell you this: it never was my thinking that made the big money for me. It was always my sitting. Got that? My sitting tight!

“It is no trick at all to be right on the market,” he adds. “I’ve known many [traders] who were right at exactly the right time, and began buying or selling stocks when prices were at the very level that should show the greatest profit. And their experience invariably matched mine; that is, they made no real money out of it. [Traders] who can both be right and sit tight are uncommon. I found it one of the hardest things to learn. But it is only after a stock operator has firmly grasped this that he can make the big money.”

saurabhjoshi (saurabhjoshi)
Mar 21 2019 at 09:46
3 ieraksti
Almost anyone can learn the mechanics of trading. It’s the psychological pitfalls that make trading one of the most challenging activities. No matter your skill level, it’s important to remember and obey the rules of engagement — another word for discipline.

AdamCantor (AdamCantor)
Mar 21 2019 at 14:55
98 ieraksti
agreed. use all the free online tools available.

Amadi
Mar 22 2019 at 08:53
11 ieraksti
I do not argee. In fact I think this is utter rubbish. Yes, the psychological aspect of trading should not be ignored but the most important thing is the mechanics , strategy, risk management of trading. Get that right and there shouldn't be psychological problems.. The psychological problems only become a problem when traders don't know what they are doing

tracydavison
Apr 01 2019 at 10:19
34 ieraksti
AdamCantor posted:
agreed. use all the free online tools available.




what tools do you recommend? thanks

AdamCantor (AdamCantor)
Apr 01 2019 at 12:55
98 ieraksti
tracydavison posted:
AdamCantor posted:
agreed. use all the free online tools available.




what tools do you recommend? thanks


personally speaking i ind economical news sites to be the most beneficial as they break down technical/fundamental and a bit of everything, but less techy jargin too which helps newbies. Daily Forex, Investopedia and investing.com are my top three but forums like here also really help too, to learn from others etc :)

Hope this helps

LeBuffon
Apr 02 2019 at 06:21
11 ieraksti
Daily Forex is very good. I just read everything they publish it really helps to bring the fundamental and the technical together

AdamCantor (AdamCantor)
Apr 03 2019 at 05:35
98 ieraksti
LeBuffon posted:
Daily Forex is very good. I just read everything they publish it really helps to bring the fundamental and the technical together


I also do this too. Daily Forex is one of the best for the most accurate up to date market news imo. good to switch it up between fundamental and technical when you first start out too.

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