How to increase trading skills ?

hey , guys

how do you increase trading skills.

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

^ thats all about it.

eventually experience will teach you and increase your skills.

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

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 :))

Practice on demo is the best way to improve, no other way.

Find out about price action

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.

Leave it to professionals, use pamm-system :) It will give you profit without skill in forex