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5 Things I have learned in 5 years of trading!

HeavenLeighGill (HeavLeighGill26)
Jun 15 at 14:18
284 príspevkov
Meatus posted:
4. There are no shortcuts to success in forex and anyone who says that might be a scammer

Totally agree with this one. I hate seeing new traders get hyped thinking they've found some magic answer that requires little to no effort on their part. A lot of people are desperate to give themselves a better life and they listen to these false promises, lose their money, and give up immediately It's rather depressing and it's shocking to see how many fall for it.

Cumward
Jun 21 at 05:29
19 príspevkov
The most important things that a trader must take into consideration are enough learning and practice, discipline, patience and consistency, emotional control, being confident in your own trading strategies, and learning and relearning and applying is the key.
Hotheead
Jun 23 at 07:19
23 príspevkov
5 things i have learnt:
1. Keep learning.
2. Practice as much as you can.
3. Make a trading plan.
4. Have patience.
5. Learn from your mistakes.
Tradelist45
Jun 23 at 07:52
247 príspevkov
learning is important but in spite of having much learning approach the result of trading can be useless if there is no regular level of practice.
CraigMcG2020
Jun 25 at 16:07
353 príspevkov
Tradelist45 posted:
learning is important but in spite of having much learning approach the result of trading can be useless if there is no regular level of practice.

Very true this also has to be done on a live account after the appropriate practice on a demo account. Its hard to follow each step but one is as important as another
AndrewMcCalam54
Jun 26 at 08:47
124 príspevkov
but to continue in demo trading is really challenging especially when you are a new in trading.
CloeTerry
Jun 27 at 07:01
18 príspevkov
The most important thing that I learnt as a trader was to never believe that you know everything about the market. The forex market has its own way of letting people know that it is stronger than anyone. You must be able to keep your risks low until you can take big losses. After all, making up your mind is more difficult than actually trading.
personifica_
Jun 28 at 09:28
21 príspevkov
5 things I have learned are
1.Losing trades are simply a part of the process of finding profitable trades.
2.Stop-loss orders are a good way to prevent losses.
3.The results of your last trade should not affect your next trade.
4.Emotions will be involved with trading.
 5.The forex market is so volatile, that it must be carefully monitored.
Marcolis
Jun 28 at 14:33
87 príspevkov
AliaDare posted:
Exactly, a lot of knowledge can be gained from this post. As a trader, you need to know these things well.
Yeah, that’s the power of this community; there have so many expert traders, who are willingly sharing their experience that helps the newbies to grow their own trading skill!
Whereon
Jun 29 at 06:17
15 príspevkov
One of the most significant things I have learned in the forex market is that you cannot survive for long in the market if you keep following what others say, and others’ do. Copying the strategy of an experienced trader may seem like a wise move because ‘they are experienced, what mistakes can they make’. But experienced traders approach the market differently from beginners, their risk approach and planning is different. Hence, beginners should follow their own strategy.
Martin Joe (SupplyZT)
Jun 29 at 11:26
17 príspevkov
Really good thread this and should be pinned to the top of any FX or indeed Crypto forum .
Mindest is something most of us still struggle with its a never ending battle
Boondocks
Jun 30 at 11:45
16 príspevkov
Anyone who wishes to make money through trading must be ready to take losses because that has to be the toughest part about trading. No matter how hard you try, you will have to deal with the losses and they may sometimes go beyond your affordability. So, better decide your risk appetite and trade accordingly.
Cathedra
Jul 01 at 06:37
22 príspevkov
Yes, this post has a wealth of information. You must be an expert in these areas to be a trader.
Piffling
Jul 01 at 07:33
17 príspevkov
You should consider the points below.

1. Keep learning
2. Keep practicing
3. Trade with a plan
4. Have realistic goals
5. Patience is mandatory.
Zemirah
Jul 01 at 07:49
16 príspevkov
The most important lesson that I have learnt in my forex trading career is that you have to keep moving with the market. If you don’t keep an eye on how the market is behaving, it will eliminate you even before you will find it out.
AbbasAliKhan08
Jul 01 at 11:30
26 príspevkov
learning is important but any kind of learning can be useless if there is no regular level of practice.
GabrielFortran
Jul 03 at 20:02
6 príspevkov
If you start off right, you will do alright. First thing to learn is the basics.
Iconoplast
Jul 05 at 07:35
18 príspevkov
This was an insightful post from an experienced trader. I totally agree with your take on readymade strategies. We have to devise our own strategy based on our trading goals and risk tolerance. The success of any strategy depends on our skills and risk management only.
Seb King (sebking1986)
Jul 05 at 12:56
452 príspevkov
AbbasAliKhan08 posted:
learning is important but any kind of learning can be useless if there is no regular level of practice.

Certainly directed learning and study are important but there are certain universal factors that are the same for everyone regardless of how you end up trading. But things to consider are what will your time availability likely be when trading and therefore what will this mean for the trading style I will end up pursuing in the near term, what is my appetite for risk, have I got a relatively stable income before starting etc. The on from there factors like how am I reading price, what are entry signals I need to look for. Where would I put my SLs and TPs in different trade scenarios.
If you can't spot the liquidity then you are the liquidity.
LyudmilLukanov
Jul 06 at 05:47
809 príspevkov
In Forex business, those who became successful from Forex trading became just because of their passion. Passion drives a person towards the horizon of success. And it’s natural that they will face several ups and downs but they should not lag behind from trading. Eurotrader supports their traders in many ways to develop their trading.
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