Jan 18 at 06:31
Success in forex comes with disciple, consistency and good strategy.
Jan 18 at 07:13
There are many factors that contribute to the success of traders. Some traders are successful because they have a deep understanding of the markets and are able to make informed decisions based on data and analysis. Additionally, successful traders often have strong discipline and risk management strategies in place, which help them to minimize losses and maximize gains.
Jan 18 at 12:31
success is a big deal in this market place but need a long time trading knowledge first of all including a great level of patience.
Jan 18 at 17:33
Everything is quite simple - in trading, a trader's knowledge and experience play a significant role in achieving success. Accordingly, such traders are the most successful.
Jan 19 at 04:50
patience is important but if you do have real money management i think there is no way to bring success from this market place.
Jan 20 at 09:56
I suppose It come down to having a good entry and exit strategy, aswell as being aware of market conditions, being patient and having self control.
Feb 16 at 04:55
In trading in order to be successful one should have enough patience and skills and that is built with only practice.
Feb 17 at 12:22
electrica333 posted:Yes, I agree with you. Demo trading is best for practising trades.
In trading in order to be successful one should have enough patience and skills and that is built with only practice.
Feb 17 at 19:29
Trading is not much different from other areas of work. It is worth understanding for yourself that in many respects the success of a trader depends on how he worked to gain knowledge. When I started working with a broker , I tried to pay maximum attention to this.
Feb 18 at 10:48
Some traders are successful because they have a deep understanding of the financial markets, their trading strategies, and the financial instruments they trade in. They have spent years studying and mastering the markets and have gained valuable experience over time.
Feb 19 at 21:57
It is a common thing there is different result in each other in many businesses, the profession could be the same, but, the result will be different, in forex trading, although two traders use the same trading strategy the end result could be different, there is another factor the cause like psychology, time to enter, slippage, etc.
Feb 22 at 22:28
Sometimes it seems to me that some traders have very strong intuition, and it cannot be learned.
Feb 28 at 11:31
For me, knowledge and experience - I truly believe that successful forex traders often have a deep understanding of the markets they trade in, as well as a wealth of experience in trading.
Mar 03 at 13:55
For every experienced trader comes a new stage in life, when he begins to receive investments from those who also want to make money.
Make money with people who know how to make money.
Mar 07 at 06:32
Being in an industry for a long can help them to overcome the struggle they faced while trading, this can help them to become more prone to the changes and accepting the challenge to be better.
Mar 15 at 08:28
To be a successful trader, there are several factors that come into play. One of the most important factors is having a thorough understanding of the market and the ability to use data and analysis to make informed decisions. In addition, successful traders tend to have a strong sense of discipline and effective risk management techniques that allow them to limit losses. By combining these factors, traders can increase their chances of success in the highly competitive world of trading.
Mar 24 at 11:32
Francisca33 posted:How can one become more discipline?
To be a successful trader, there are several factors that come into play. One of the most important factors is having a thorough understanding of the market and the ability to use data and analysis to make informed decisions. In addition, successful traders tend to have a strong sense of discipline and effective risk management techniques that allow them to limit losses. By combining these factors, traders can increase their chances of success in the highly competitive world of trading.
Mar 24 at 13:11
LeslieRuiz posted:Francisca33 posted:How can one become more discipline?
To be a successful trader, there are several factors that come into play. One of the most important factors is having a thorough understanding of the market and the ability to use data and analysis to make informed decisions. In addition, successful traders tend to have a strong sense of discipline and effective risk management techniques that allow them to limit losses. By combining these factors, traders can increase their chances of success in the highly competitive world of trading.
Stick to your trading strategy
Mar 24 at 17:44
NewCityTrader posted:Successful traders are disciplined and patient.
Why are some traders successful?
The best traders in the beginning weren’t the best. But that’s probably obvious. They had their problems, which they overcame either on their own or someone helped them. They also made both good and bad trading decisions. That’s why you shouldn’t be afraid of making decisions, you should learn to do it. What’s more, most decisions can be changed… although caution should always be exercised.
Why the best traders become the best?
One of the key traits I’ve noticed in the best traders is that they invested in themselves — they spent a lot of time learning the market and the system. This is just as important as in any other profession, because trading is a profession too! For example, if you want to be a good driver, you have to spend a lot of hours driving. Is that obvious? Sure. If you want to cook well, you have to have a good recipe and you have to cook it many times. This is also quite obvious. It is the same in trading.
The path of the best traders was difficult. They encountered problems that no one had ever faced before, they navigated in the dark. Many of them created this market! They started on paper.
What problems best traders were facing?
1. They were making and losing very big money. And here is a lesson for you: don’t start with large amounts! Because one thing is for sure — you can make money in trading, but it is more certain that you will lose. Most people who come to the market without preparation lose money, they are just providers of capital. Those who have been in this market for a long time know that it’s enough to bring a client here, and the market will do its job
2. They also failed to maintain discipline. They lacked patience. They struggled with fear, hope, pain from loss and euphoria. They did not control their emotions. They closed profitable positions too quickly and held losses. They even suffered from panic attacks with the market retreating. They didn’t know where to enter and exit the market (a common issue). They didn’t have good systems, they were testing a lot. When they wanted to play back — they compounded their losses and couldn’t stabilize their profits (this is also the norm). Familiar? And yet you can!
This is an extensive topic, so I will talk more about it on another occasion.
Testing trading systems
Now let’s talk a bit about testing trading systems. The thing with systems is that practically all the best traders creates their own trading system. The one that suits you. There is no trader who would play someone else’s system without any changes. There isn’t.
Every trader goes through many teachers.
Especially at the beginning, when you start your career on the market, when you don’t know the specifics of the market, the tools, you don’t know what suits you, what your risk tolerance is and what lies in your possibilities. And so on until something finally hits him, a moment of “acha!” (it’s so easy after all!). This process requires a lot of persistence. Many fall away along the path. Stress, emotion, frustration, loss… They can’t handle it. This is why everything that goes on in our heads is so important and I talk about it a lot.
The trading psychology is the key to success.
They have a solid trading strategy and stick to it.
They constantly educate themselves and learn from their mistakes.
Mar 24 at 17:46
Maverwallace_5 posted:i do agree
Success in forex comes with disciple, consistency and good strategy.
