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What do you learned while trading?
Oct 04, 2022 at 09:43
Well said, I absolutely agree with you. In order to be successful in forex trading, you should be patient and consistent for a long term. Success doesn't come easy and fast. Only years of trading forex will build your skills and experience to make profits from trading forex. Learn from your losses. Analyse the market situations, and always strive to improve your strategy. Psychology is also an important aspect of forex trading.
Oct 04, 2022 at 11:43
Well, I still had to learn a couple of things the hard way.
This is to set take profits at least mentally. And do not chase the growing money. In most cases, you won't be able to stop later when the price goes in the opposite direction.
And you need to use the funds you have already psychologically spent or lost. That is, do not use the last money with the idea that this time I will definitely not lose.
This is to set take profits at least mentally. And do not chase the growing money. In most cases, you won't be able to stop later when the price goes in the opposite direction.
And you need to use the funds you have already psychologically spent or lost. That is, do not use the last money with the idea that this time I will definitely not lose.
Membro Desde Aug 19, 2021
203 posts
Oct 04, 2022 at 13:00
Oh first of all I learned how to use indicators lol. And how to build the analysis with the help of them. 😄😄
But also trading is hard. And for me it is the best way to train my willpower.
But also trading is hard. And for me it is the best way to train my willpower.
Membro Desde Jul 23, 2020
816 posts
Oct 04, 2022 at 17:05
Psychology amendment takes time and you have to stay with the market for a long time to cope up with it. And try to understand the market trend.
Membro Desde Apr 27, 2022
17 posts
Oct 21, 2022 at 16:18
I’ve learnt that: do not trade when you do not have strong information base, feelings and thoughts about something that somebody recommend you to buy or sell.
Oct 28, 2022 at 07:36
There are a lot of lessons that I've learnt from forex trading, but these are the three that have had the biggest impact on my career.
1. Patience is key.
In the world of forex trading, patience is absolutely key. Making hasty decisions can often lead to big losses, so it's important to take your time and wait for the right opportunity to come along.
2. Putting your money in one pair is not a good idea.
Diversifying your portfolio is crucial in forex trading. Putting all your Money in one currency can often lead to troublesome, so it's important to spread your risk across a number of different currencies.
3. Confidence without knowledge cannot serve you.
1. Patience is key.
In the world of forex trading, patience is absolutely key. Making hasty decisions can often lead to big losses, so it's important to take your time and wait for the right opportunity to come along.
2. Putting your money in one pair is not a good idea.
Diversifying your portfolio is crucial in forex trading. Putting all your Money in one currency can often lead to troublesome, so it's important to spread your risk across a number of different currencies.
3. Confidence without knowledge cannot serve you.
Nov 02, 2022 at 04:21
I believe that learning is a life-long process; one can never stop learning in life or in trading. When I first began trading, I began with a demo account and then switched to a live account. For market analysis and price action movements, I kept up with the latest news and Forex updates during my learning.
Membro Desde Jul 12, 2019
9 posts
Nov 10, 2022 at 12:08
Brel posted:
The most important thing I learned while trading is to be patience and always be a learner.
Best thing I learned in life.
Membro Desde Mar 17, 2022
46 posts
Dec 15, 2022 at 05:29
rubeix posted:
I learnt to always master the skills before building up any strategy and this really helps. When we practice and step into trading then our learning process always upgrades with each trading session.
Being disciplined and consistent goes hand in hand. Our learning process may not always be a gradual upward slope. But being consistent will always help us to move up gradually.
Dec 15, 2022 at 06:44
rubeix posted:
I learnt to always master the skills before building up any strategy and this really helps. When we practice and step into trading then our learning process always upgrades with each trading session.
I agree with you. Indeed practising before making any move helps us to eliminate risks and also builds confidence. While it takes some time to start seeing a profit, we learn how to choose an opportunity and make the best out of it. The discipline and self-control we learn while trading also applies to other aspects of our life.
Membro Desde Nov 29, 2022
40 posts
Dec 16, 2022 at 05:40
These are some really good pointers as newbies can get lost in the marketplace and not know what the right next move is. Constant self motivation is necessary to make the profit goal.
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