How to increase trading skills ?
hey , guys
how do you increase trading skills.
how do you increase trading skills.
mavericks
Członek od Dec 12, 2014
110 postów
Feb 18 2015 at 07:44
Hi there
As with every human endevour it takes about 10 000 hours of practice to become profficient.
For begginers demo demo trading. Swithing to live after about 5000 traders executed and demo account in profit.
Than after about another 2 years and another 5000 live trades you should be good.
That applies to the case that you want to trade manually, as you see fit based on marked condition.
You may also be that smart that you discover some edge very early on and keep doing it until perfect.
In that case it will take much shorter time.
Regards
M
As with every human endevour it takes about 10 000 hours of practice to become profficient.
For begginers demo demo trading. Swithing to live after about 5000 traders executed and demo account in profit.
Than after about another 2 years and another 5000 live trades you should be good.
That applies to the case that you want to trade manually, as you see fit based on marked condition.
You may also be that smart that you discover some edge very early on and keep doing it until perfect.
In that case it will take much shorter time.
Regards
M
Get investors and get paid 15 percent of theyr profits. More on my website.
Rustan mallari
(tankbeta)
Członek od Aug 21, 2010
169 postów
Feb 18 2015 at 13:17
^ thats all about it.
eventually experience will teach you and increase your skills.
eventually experience will teach you and increase your skills.
Plan your trades and trade your plans.
shayguevara
Członek od Sep 04, 2014
10 postów
Feb 19 2015 at 07:26
1. Get a great coach and mentor who has been in the industry for a long time and knows what they are doing. Do everything they say and copy everything they do. Hopefully you find one who is willing to train you. I know of only one company here in Sydney offering anything close to professional training in an institutional trading environment. Msg me for details.
2. Work hard to learn everything you can and get right into the industry. Talk to traders, socialize with traders, go to the beach with traders.. make it your life. You become who you spend most of your time around.
3. Don't use ea's or robots unless they are proven in an institutional trading environment by people that have invested heavily in the technology I.e hedge fund traders. Good luck finding one of these! Your brain is much better than any ea.
4. Do something to increase your self control and discipline. Martial arts, go on a diet and stick to it, go to the gym and stick with it, military training, etc. You will know you have it when you can put on trades, change your trade direction anytime, and not trade when there is no opportunity, without thinking twice about it. With no emotional connection to an individual trade. Individual trades do not make the trader. It's the risk profile and account equity volatility that matters to investors.
Regards,
Shay
2. Work hard to learn everything you can and get right into the industry. Talk to traders, socialize with traders, go to the beach with traders.. make it your life. You become who you spend most of your time around.
3. Don't use ea's or robots unless they are proven in an institutional trading environment by people that have invested heavily in the technology I.e hedge fund traders. Good luck finding one of these! Your brain is much better than any ea.
4. Do something to increase your self control and discipline. Martial arts, go on a diet and stick to it, go to the gym and stick with it, military training, etc. You will know you have it when you can put on trades, change your trade direction anytime, and not trade when there is no opportunity, without thinking twice about it. With no emotional connection to an individual trade. Individual trades do not make the trader. It's the risk profile and account equity volatility that matters to investors.
Regards,
Shay
Carter Benson
(LuckyCarter)
Członek od Feb 26, 2015
13 postów
Feb 27 2015 at 07:36
Practice-practice-practice (and practice one more time). Understand, how to work with news (not only financial btw), learn how to read charts. And profit will be with you very soon :))
Go big or go home!
Practice on demo is the best way to improve, no other way.
CrazyTraderfx
(CrazyTrader)
Członek od Nov 21, 2011
1717 postów
Mar 01 2015 at 21:42
Find out about price action
Enjoy trading!
Blown Forex Account Recovery Managment
(blownaccount)
Członek od Aug 30, 2012
104 postów
Mar 02 2015 at 06:39
Follow these 2 threads ......
https://www.myfxbook.com/community/experienced-traders/daily-trade-alerts-for-eurusd/889913,1
And
https://www.myfxbook.com/community/experienced-traders/eurusd/351341,1
you will find experts like myself and Crazytrader commenting on them often.
https://www.myfxbook.com/community/experienced-traders/daily-trade-alerts-for-eurusd/889913,1
And
https://www.myfxbook.com/community/experienced-traders/eurusd/351341,1
you will find experts like myself and Crazytrader commenting on them often.
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Chistopher Robin
(ChrisMuzhik)
Członek od Sep 09, 2014
65 postów
Mar 02 2015 at 10:11
Leave it to professionals, use pamm-system :) It will give you profit without skill in forex
There can't be enough money