NewCityTrader
Členom od Mar 18, 2022
48 príspevkov
Aug 07 2022 at 08:41
The growth of a trader is an exhausting journey. The market hits all the technical and psychological weaknesses we have one by one. It causes losses and painful emotions. It’s not easy to become profitable trader for suer!
By technical unpreparedness, I mean a broader preparation for trading: in particular, for managing the sudden situations that can occur in the market. Most traders start by focusing on the promise that the markets make and neither want to nor know how to or think it is important: that the markets can take any money quickly.
That’s usually the first painful lesson. And after it comes the next ones, except that a very large number of them are…in my opinion, unnecessary. Especially the most painful ones, because they can break any trader’s career.
Lack of preparation leads to losses and psychological pain, which depending on the situation may lead to attempts of revenge trading from where it is a direct way to even greater losses and margin calls.
The solution is: proper preparation.
By technical unpreparedness, I mean a broader preparation for trading: in particular, for managing the sudden situations that can occur in the market. Most traders start by focusing on the promise that the markets make and neither want to nor know how to or think it is important: that the markets can take any money quickly.
That’s usually the first painful lesson. And after it comes the next ones, except that a very large number of them are…in my opinion, unnecessary. Especially the most painful ones, because they can break any trader’s career.
Lack of preparation leads to losses and psychological pain, which depending on the situation may lead to attempts of revenge trading from where it is a direct way to even greater losses and margin calls.
The solution is: proper preparation.
Huge Changes, New Ideas & Decline Of Traditional Investing
KAnthony
Členom od Jul 06, 2022
113 príspevkov
Aug 08 2022 at 15:28
hi. i'm newbie and have some questions. so how to carry out this correct preparation? is it worth it train on demo accounts for a long time? or is it real acc?
Ricardo352
Členom od Feb 28, 2017
1 príspevkov
Aug 08 2022 at 18:54
Demo is good to test your strategy but beyond that it's a waste of time.
Freddi
(fdegen)
Členom od Oct 01, 2020
5 príspevkov
Aug 08 2022 at 20:35
For this topic i recommend you watch some of Tom Hougaard's videos on youtube.
Catice
Členom od Jul 19, 2022
21 príspevkov
Aug 12 2022 at 09:17
I think what you should do is focus on learning and studying the market sentiment. Understanding the conditions and changes will help you figure out a plan to override it and yet come through with profit returns.
Jefferson
(KrissyNuman)
Členom od Aug 13, 2022
3 príspevkov
Aug 13 2022 at 18:53
I agree with Freddi
I know few online class that's really gonna shape you up!! In no time
I know few online class that's really gonna shape you up!! In no time
Let's make some money
HeavenLeighGill
(HeavLeighGill26)
Členom od Aug 05, 2021
401 príspevkov
Aug 24 2022 at 16:19
True. There are a lot of things that go into it, it even takes some aspects of your personality when it comes to discipline, but one of the best things new traders can do is start by being prepared. If you spend enough time learning and you're truly ready, then you have a much higher chance of success and are less likely to get discouraged from the beginning.
Akasuki
Členom od Mar 28, 2021
617 príspevkov
Aug 27 2022 at 14:29
Trading spread is always considered an important aspect. But those who are traders should trade in low-spread-consuming trading pairs because it enlarges trader’s return.
Martin Joe
(SupplyZT)
Členom od Jun 29, 2022
26 príspevkov
Aug 31 2022 at 15:15
It cant be narrowed down to one rule but if i had to then never chase losses would be my number 1
Keep it country
tyson_learner
Členom od Aug 17, 2022
39 príspevkov
Sep 08 2022 at 11:11
Learn on demo, and then trade with small amounts on live, Don’t indulge in overtrading, take risk into account and in case of losses, stay positive, take it as a lesson.
Vermilion1
Členom od Sep 01, 2022
20 príspevkov
Sep 14 2022 at 11:53
Proper preparation is very much needed to become a successful trader over time. You should always start trading with a well defined plan. It is better to continue with demo account practice until you feel confident enough to trade on a real account.
Fx_keeth
Členom od Aug 17, 2022
45 príspevkov
Sep 15 2022 at 12:14
Practice on a demo account, and trade wisely with proper study of the fundamental, technical, and chart analysis. Always remain calm and avoid impulse trading when making losses.
henrytrade
Členom od Aug 17, 2022
60 príspevkov
Sep 16 2022 at 09:58
Fx_keeth posted:I agree with you, buddy. Before starting real trading, practicing on a demo account is the best thing a beginner can do for himself.
Practice on a demo account, and trade wisely with proper study of the fundamental, technical, and chart analysis. Always remain calm and avoid impulse trading when making losses.
Baccasa34
Členom od Sep 02, 2022
75 príspevkov
Sep 17 2022 at 07:36
Scalping is the easiest form of trading and traders rely on this type mostly in both good and bad conditions of the market.
Zylostar Edu
(Zylostar)
Členom od Jun 29, 2022
4 príspevkov
Sep 17 2022 at 09:08
KAnthony posted:Start with a demo as you learn how to trade and then when you develop a strategy that will give you an edge in the market, you can go liive
hi. i'm newbie and have some questions. so how to carry out this correct preparation? is it worth it train on demo accounts for a long time? or is it real acc?
Learn strategies to help you invest confidently
Snorkel
Členom od Sep 01, 2022
24 príspevkov
Sep 20 2022 at 07:52
It is important that we prepare well before entering the forex market as a trader. It will take some time for a beginner to become skilled and profitable. They need to continue learning and improving their skills until they become consistent.
KAnthony
Členom od Jul 06, 2022
113 príspevkov
Sep 20 2022 at 14:53
Zylostar posted:KAnthony posted:Start with a demo as you learn how to trade and then when you develop a strategy that will give you an edge in the market, you can go liive
hi. i'm newbie and have some questions. so how to carry out this correct preparation? is it worth it train on demo accounts for a long time? or is it real acc?
hi. thanks for your recomendation. how long it takes you to open live account??
Nomocracy
Členom od Aug 02, 2022
26 príspevkov
Oct 19 2022 at 07:30
Forex trading is one of the most thrilling possibilities you will ever have. However, in order to be a great forex trader and produce consistent returns, you must first grasp how forex trading works. You must trade with a plan and build a strategy that works for you. Develop trading skills and proper psychology. Practise in a demo account and go live when you gain expertise. Success won’t come in a day so be patient.
Pegomancy
Členom od Oct 03, 2022
16 príspevkov
Nov 01 2022 at 07:56
Yes, becoming a profitable trader is not easy. Your only weapon in the market is a thorough understanding of the market and trading. You will also need to work on related skills such as risk management, analysis, and emotional control.