hi, my name is prog. i'm new here and i think maybe you can/want help me. of course is a favor to me. i start trading from 11 month ago and until now, i just lose money. yeah i have good and success trades but OVERTRADE, STREES, SHITLY SELF CONFIDENCE and UNDICIPLINE *** me. what i must do?! i really really good at technical analyze but i can't do and act it. everything is in my mind, in real world i really suck. i don't want back off. that's a job that i really really love it. you know i'm somehow antisocial and other job is hard to me. all realation in boss- employer is disturbed me. but this job, we stay at home and work for our selve. in other side, this job is really really MAKING MONEY job. for thousand reason i don't want back off. i will keep going until a be a good trader. you know, when i start, i think in 2 month i can be reach but now, i know that was a isolation and fake dream. also i know if i try hard and focused, i can be rich. i need help. for more information, i use technical like breakout and retest patterns, and i use stochastic 10.3.3 for divergence. i work on daily, 4h, 1h, 30min and 15min timeframe. for more information: - i can't control my overtradeing. - when i sit on chart, i really don't know what i'm doing. - i think my lot fails, make me to like fail is my hobbit. - i really suck on my performance. tnx for your read and help. everyone, i'm a loser but you, be strong. :')
do a bit more research. A goodplace to start is babypips.com and take their free little courses there. Start forrmt he begining and go painfully slow and absorb everrything until the end. then come back to this post.
If you ant to become a good and successful trader, you need to be very practical. You should be serious about your trading. You should dop all those things that are needed to make money from this market.
There are many websites online where trading education is provided. The first condition in Forex trading is to acquire education. It is not possible to get good rewards from trading without proper education. A lot of information can be found by searching YouTube on Google.
LeviSievwright5 posted: There are many websites online where trading education is provided. The first condition in Forex trading is to acquire education. It is not possible to get good rewards from trading without proper education. A lot of information can be found by searching YouTube on Google.
Well said. Learning is one of the most important things to do in forex. That is what is going to bring results and enhance your trading skills. So always focus on learning.
It seems like you might have to learn more about trading psychology. There are two good books about this, Trade Your Way to Financial Freedom and Trading in the Zone. Working on your own mindset and getting to know how the human thinking work in general can go a long way in keeping you from making bad decisions.
My tips: - Git gud noob - Day trading is idiotic - Trading with indicators is idiotic - Academics looked at entire countries including institutions and could not find anyone that made money day trading
Try to think of some ritual or rules by which you will end your trading day. For example, it can be up to 10 orders per trading session. The same is true for losses - you need to limit your daily losses so as not to lose everything.
GeorgeBischof posted: If you ant to become a good and successful trader, you need to be very practical. You should be serious about your trading. You should dop all those things that are needed to make money from this market.
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Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance.
You could lose some or all of your initial investment. Do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions.
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