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Successful trading

Imamul
Feb 28 2019 at 13:26
718 príspevkov
Successful trading is depend on most powerful analyzing trade knowledge , on the other hand , despite of good trading knowledge that’s not possible at all to lead a successful trading life at all if you don’t have a reliable support from a credible trading broker , because the broker can affects the result of our trading with certainly.
Prakon
Feb 28 2019 at 14:34
10 príspevkov
That is very true. I think that a the most important thing is knowledge and experience. Broker just needs to be good enough to provide reliable price data and good spreads
AniLorak
Mar 01 2019 at 11:00
920 príspevkov
Well said; knowledge is the key! There is no way without trading knowledge; even basic knowledge is not enough here! Traders need advance trading knowledge & skill for sure.
AkbarM
Mar 01 2019 at 13:29
9 príspevkov
Where is the best place for advanced knowledge? babypips is good for the basics but where can you get the real advanced stuff that makes a difference
Treeny
Mar 03 2019 at 07:15
213 príspevkov
There's also the psychological aspect of trading. You can't be a successful trader if your head game is not right
Imamul
Mar 03 2019 at 07:16
718 príspevkov
In Fx trading, learning is not easy despite of having too many sources including pips school, learning sometimes boning and usually new traders get tempts to start trading without enough knowledge and become fascinated with the way of trading live which may cause laziness and trapped by wishful thinking get rich quickly scheme
AlHashim
Mar 04 2019 at 11:29
10 príspevkov
Imamul posted:
In Fx trading, learning is not easy despite of having too many sources including pips school, learning sometimes boning and usually new traders get tempts to start trading without enough knowledge and become fascinated with the way of trading live which may cause laziness and trapped by wishful thinking get rich quickly scheme

If anything there are TOO many resources for new traders. It is difficult to know where to start , what is good and what is bad. A lot of time can be wasted learning bad system or following bad traders.
Dmitry Sayan (DmitrySayan)
Mar 05 2019 at 07:02
3 príspevkov
Mindset is the key for successful trading, without the right mindset there is no future for someone in forex.
Mindset is the key to wealth
Treeny
Mar 05 2019 at 07:37
213 príspevkov
walpants
Mar 05 2019 at 07:50
47 príspevkov
AlHashim posted:
Imamul posted:
In Fx trading, learning is not easy despite of having too many sources including pips school, learning sometimes boning and usually new traders get tempts to start trading without enough knowledge and become fascinated with the way of trading live which may cause laziness and trapped by wishful thinking get rich quickly scheme

If anything there are TOO many resources for new traders. It is difficult to know where to start , what is good and what is bad. A lot of time can be wasted learning bad system or following bad traders.

yes this is so true, i am trying to learn but knowing where to start is really difficult.
Treeny
Mar 06 2019 at 08:30
213 príspevkov
Just master one thing at a time and then move on to the next otherwise you will mash your head
Teejy88
Mar 06 2019 at 12:50
36 príspevkov
Just take time to dedicate yourself, you will never learn everything in a week. Risk management is number one, then learning a single technique at a time will help to master it.
Treeny
Mar 18 2019 at 06:47
213 príspevkov
Teejy88 posted:
Just take time to dedicate yourself, you will never learn everything in a week. Risk management is number one, then learning a single technique at a time will help to master it.

Agreed
vontogr (togr)
Mar 18 2019 at 06:51
4862 príspevkov
Treeny posted:
Just master one thing at a time and then move on to the next otherwise you will mash your head

Create trading plan
Stick to it.
If it works keep it
If it does not work go back to create trading plan.
LeBuffon
Mar 18 2019 at 15:10
11 príspevkov
How long would you stick with a trading plan before you decide that it does now work?
MatSwing
forex_trader_[688163]
Mar 19 2019 at 07:14
140 príspevkov
LeBuffon posted:
How long would you stick with a trading plan before you decide that it does now work?

For me, if I can make profits within a year and after that I got stop out, I can say that my trading plan is work.
I will make sure that my profits is bigger than my invested capital.

But, it may different with others. Some traders may feel that, their trading plan is work if they don't get any stop out.
vontogr (togr)
Mar 19 2019 at 12:48
4862 príspevkov
LeBuffon posted:
How long would you stick with a trading plan before you decide that it does now work?

It depends on strategy. Usually after 100 trades.
AniLorak
Mar 19 2019 at 13:55
920 príspevkov
Nasrul_Swing posted:
LeBuffon posted:
How long would you stick with a trading plan before you decide that it does now work?

For me, if I can make profits within a year and after that I got stop out, I can say that my trading plan is work.
I will make sure that my profits is bigger than my invested capital.

But, it may different with others. Some traders may feel that, their trading plan is work if they don't get any stop out.

Basically, expecting 100% success ratio is illogical. There is no trader who can makes 100% profit ratio. It doesn’t exist.
AdrianG001
Mar 27 2019 at 06:31
12 príspevkov
Imamul posted:
Successful trading is depend on most powerful analyzing trade knowledge , on the other hand , despite of good trading knowledge that’s not possible at all to lead a successful trading life at all if you don’t have a reliable support from a credible trading broker , because the broker can affects the result of our trading with certainly.

Successful trading requires a tremendous trading knowledge and trading apps. It might depend on learning, practice and one should invest only a certain amount what he can bear, keeping a record of things. If you`re a pro forex trader then you should plan a good trading strategy for this. You have to monitor the trade 24*7 as soon as you get time. For this you can get your trading apps loaded on citrix vdi ( https://www.clouddesktoponline.com/citrix-xen-desktop/ ) and make yourself a successful trader.

Regards,
Adrian Gates
AniLorak
Mar 28 2019 at 12:26
920 príspevkov
AdrianG001 posted:
Imamul posted:
Successful trading is depend on most powerful analyzing trade knowledge , on the other hand , despite of good trading knowledge that’s not possible at all to lead a successful trading life at all if you don’t have a reliable support from a credible trading broker , because the broker can affects the result of our trading with certainly.

Successful trading requires a tremendous trading knowledge and trading apps. It might depend on learning, practice and one should invest only a certain amount what he can bear, keeping a record of things. If you`re a pro forex trader then you should plan a good trading strategy for this. You have to monitor the trade 24*7 as soon as you get time.

I do agree on your opinion especially on learning statement! Really; there is no alternative way without learning; I see all of the successful Forex traders have tremendous level trading skill on technical & fundamental sector of trading.
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