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How to increase trading skills ?

dianajs
Jan 08 2016 at 18:34
823 сообщений
FXtrader2010 posted:
How to increase trading skills: practice not loosing money. That is all you have to to do.


That is often easier said than done. That said, I agree.

FXtrader2010
Jan 08 2016 at 18:56
724 сообщений
dianajs posted:
FXtrader2010 posted:
How to increase trading skills: practice not loosing money. That is all you have to to do.


That is often easier said than done. That said, I agree.
of course it is, look at all the forums with people posting, after the fact.
who said trading is easy?

dianajs
Jan 09 2016 at 18:47
823 сообщений
Haha, I've seen plenty of newbies saying that trading is easy. Then a few months later they realize it's not. :D

kricka
Jan 09 2016 at 23:37
92 сообщений
Very easy to increase trading skills!

This is a list of priorities, #1 is the most important one on the list.

1. Learn the basics of how to protect the trading account with risk management.
2. Have a stop loss on every position placed.
3. Calculate the risk on every entry and how much you will lose in amount and percentage if the position goes against you.
4. Have a predefined stop loss for the day and for the week and a predefined profit as well of the account.
4. Do not panic if you have a bad trading day, another trading day is just around the corner.
5. Do not overtrade if you are not in sync with the market.
5. Treat winning days the same as a losing days as there will be a mix of both.
6. Learn how to enter and exit a position by observing resistance levels.
7. Do not trade news releases unless you are a very experience trader.
8. Do not hold positions over the weekend when the market is closed.
9. Feel positive and good about your trading goals.
10. Do other things outside trading, it will clear your mind and make you more alert.

I could go on and on and I'm sure other traders on this thread could fill in on this priority list :).

" Lock in the profit and minimize the draw down "
FXtrader2010
Jan 10 2016 at 00:03
724 сообщений
trading is the hardest thing you will ever take on, in your life.
The only thing you have to do is not lose money, don't need all these BS million rules. Just don't loose money that is all. Doesn't matter what you do how you trade whatever. You will learn for yourself what works best and your own style as you get more experience with real live money only. demo will only take you so far.

snapdragon1970 (snapdragon1970)
Jan 10 2016 at 18:22
1944 сообщений
FXtrader2010 posted:
dianajs posted:
FXtrader2010 posted:
How to increase trading skills: practice not loosing money. That is all you have to to do.


That is often easier said than done. That said, I agree.
of course it is, look at all the forums with people posting, after the fact.
who said trading is easy?


I post before and after...

dianajs
Jan 14 2016 at 11:18
823 сообщений
I try to post during trading, most of the time at least.

snapdragon1970 (snapdragon1970)
Jan 14 2016 at 11:36
1944 сообщений
I just forget sometimes,busy looking at news or interviews,checking events,posting on other blogs,updating data,answering emails.

HalleyFX
Jan 15 2016 at 08:06
83 сообщений
FXtrader2010 posted:
dianajs posted:
FXtrader2010 posted:
How to increase trading skills: practice not loosing money. That is all you have to to do.


That is often easier said than done. That said, I agree.
of course it is, look at all the forums with people posting, after the fact.
who said trading is easy?


He's 100% right!!!!!!

Rule #1 Don't lose money
Rule #2 See rule #1
Rule #3 Become obsessed not losing money!

My tip, open a live account, do like maximum of like 1k. That's fun money nonetheless and trade like 9-11 weeks, if your still in the game and breath and eat forex (or other preferred commodity) trading every single day. You will become very successful.
Talk only about trading everyday (just not your wife *wink*, with whoever you meet).

Technically, you have to go to sleep and plan that next trade during your sleep. If your this type of trader, you'll make it!!

BellaVista507
Jan 15 2016 at 08:12
251 сообщений
The reality is if you ignore all current events, and focus only on price action, you'll begin to understand the market much better. As I've mentioned before on this very website, highs and lows are always at or right near daily pivots. Until you as a trader realize, and respect that you will notice that picking tops and bottoms is a waste of time unless you are doing so at those specific prices.

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