Apr 28 at 11:43
Being patient, consistent, and sticking to a plan, in my opinion, is the key to trading success.
tobeygomez posted:Very true. Traders are to be very patient. To find out a good strategy, a trader must work very hard with patience. Then, he has to stick with his plan. Thanks for your opinion.
Being patient, consistent, and sticking to a plan, in my opinion, is the key to trading success.
Apr 29 at 01:43
Thanks for sharing your experience!
Apr 29 at 08:57
I've learned one thing.
95% of people lose money.
This means that 95% of people are talking out of their backsides.
95% of people lose money.
This means that 95% of people are talking out of their backsides.
11:15, restate my assumptions: 1. Mathematics is the language of nature. 2. Everything around us can be represented and understood through numbers. 3. If you graph these numbers, patterns emerge. Therefore: There are patterns everywhere in nature.
Apr 30 at 15:13
stevetrade posted:
I've learned one thing.
95% of people lose money.
This means that 95% of people are talking out of their backsides.
Yeah that's true to an extent i think. I would question that percentage slightly as there was one saying 80% lose money a while back but you have to think a high percentage of businesses fail in a short period, there's a high drop out in medical schools, tough courses. This is not an easy business and dedication is a must to succeed. Its so hard to regulate or verify actual traders without a myfxbook and so many trust people without them. This is one of the huge problems with the industry of retail traders and this perpetuates people losing money as they are learning from unsuccessful people teaching them too.
May 02 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.
May 02 at 09:38
Forex Trading has motivated me in other aspects of life for not giving up on them and trying one more.
May 04 at 10:43
cici22889 posted:It's way more better to use TradingView.
Try use some efficient forex tools as shown in the ImageXD
May 05 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.
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.
One golden rule to remember is always start with demo. It is the only way to improve.
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.
Don’t believe what others say. Find your reasons to trade and not to trade.
May 13 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
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
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.
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.
May 13 at 10:25
shortant posted:How did you manage to control emotions?
4. It is important to control emotions, especially negative emotions, and keep them at bay when taking any trading decision.
May 13 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.
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 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
CraigMcG2020 posted:Agree mate. But I would love to see what you have learned about strategy and analysisPyrotrading 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
May 22 at 14:32
Maidas888 posted:CraigMcG2020 posted:Agree mate. But I would love to see what you have learned about strategy and analysisPyrotrading 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
Of course im always here to help with questions. I am now institutionally orientated so i follow order flow and liquidity
