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There are three things

Michihito
Dec 08 2020 at 13:28
298 inlägg
There are three things you need to create your own strategy. Study, Practice and Study. You have to study a lot. Initially it is best to choose one single pair. Spend time to observe that pair as much as you can. Every pair has Its own characteristics. You will find some unique characteristics of that pair. Study them and test them. It's a trail and error process.
LeviSievwright5
Dec 09 2020 at 00:58
298 inlägg
It is not possible to gain profit consistently without acquiring a trading education. A trader must first acquire trading education. Then you have to apply that education and practice a lot.
deborahbennett
Dec 28 2020 at 04:53
23 inlägg
I completely agree with you. Learning and practising your trades is very important. Every day can be a learning experience for traders both new and advanced.
jacksonmark
Dec 31 2020 at 07:36
3 inlägg
I also think that concentrating on 1 pair is most beneficial. It’s easier to undertake technical and fundamental analysis on it.
Fx_howie
Dec 31 2020 at 07:44
36 inlägg
Trading plan, consistency and knowledge. These three things are important for me in trading.
Michihito
Dec 31 2020 at 13:01
298 inlägg
The first step of trading is to understand that it needs a lot of time and efforts to be skilled enough. There is no short cuts. If you can't give enough time and effort in learning just leave it. You have to go through the full learning process. Just by following some ready-made strategies, nothing going to happen.
Rassellkarl
Jan 15 2021 at 08:38
36 inlägg
Fx_howie posted:
Trading plan, consistency and knowledge. These three things are important for me in trading.
Absolutely we should think about what we are doing before entering the markets. It is the reason that differentiates successful traders from failed traders. Wisdom says half knowledge is always dangerous because we think that we know more than other traders.
Dictiony
Jan 15 2021 at 09:46
231 inlägg
It is not possible to trade successfully without the help of education and study. You can never be a good trader if you lack knowledge and skills. So always learn the basics of forex before investing money.
Lycineandrew
Jan 15 2021 at 10:52
37 inlägg
Rassellkarl posted:
Fx_howie posted:
Trading plan, consistency and knowledge. These three things are important for me in trading.
Absolutely we should think about what we are doing before entering the markets. It is the reason that differentiates successful traders from failed traders. Wisdom says half knowledge is always dangerous because we think that we know more than other traders.
There are many resources through which one can learn about forex trading. If we don’t gain knowledge then no matter if it is demo trading or live, we will fail for sure.
CraigMcG2020
Jan 15 2021 at 12:58
353 inlägg
Michihito posted:
There are three things you need to create your own strategy. Study, Practice and Study. You have to study a lot. Initially it is best to choose one single pair. Spend time to observe that pair as much as you can. Every pair has Its own characteristics. You will find some unique characteristics of that pair. Study them and test them. It's a trail and error process.

Yes i agree but psychology is so key too. Its more than half the way to success in my opinion
Rassellkarl
Jan 15 2021 at 13:17
36 inlägg
Lycineandrew posted:
Rassellkarl posted:
Fx_howie posted:
Trading plan, consistency and knowledge. These three things are important for me in trading.
Absolutely we should think about what we are doing before entering the markets. It is the reason that differentiates successful traders from failed traders. Wisdom says half knowledge is always dangerous because we think that we know more than other traders.
There are many resources through which one can learn about forex trading. If we don’t gain knowledge then no matter if it is demo trading or live, we will fail for sure.
There is also one more method: we can learn from the experiences of other traders. When I was trading very technically and was in the markets all the time, I was not able to value the human interaction. Later I read the forums and experiences of other traders which helped me to understand where I was wrong. Ultimately that’s what even brought my understanding of using low spread brokers and I opened accounts with pepperstone and fxview.
LyudmilLukanov
Jan 15 2021 at 17:28
809 inlägg
Dictiony posted:
It is not possible to trade successfully without the help of education and study. You can never be a good trader if you lack knowledge and skills. So always learn the basics of forex before investing money.
It’s true. Traders also need hard work for making consistent profit in trading.
Jim_B
Jan 15 2021 at 18:46
24 inlägg
Yea I think a lot of people make the mistake of not doing this enough.
Lycineandrew
Jan 16 2021 at 09:47
37 inlägg
Rassellkarl posted:
Lycineandrew posted:
Rassellkarl posted:
Fx_howie posted:
Trading plan, consistency and knowledge. These three things are important for me in trading.
Absolutely we should think about what we are doing before entering the markets. It is the reason that differentiates successful traders from failed traders. Wisdom says half knowledge is always dangerous because we think that we know more than other traders.
There are many resources through which one can learn about forex trading. If we don’t gain knowledge then no matter if it is demo trading or live, we will fail for sure.
There is also one more method: we can learn from the experiences of other traders. When I was trading very technically and was in the markets all the time, I was not able to value the human interaction. Later I read the forums and experiences of other traders which helped me to understand where I was wrong. Ultimately that’s what even brought my understanding of using low spread brokers and I opened accounts with pepperstone and fxview.
People enter the markets with a huge expectation of becoming overnight success. They forget there are years and years of hard work behind the success of successful traders.
Russel Gutierrez (russellgutierrez)
Jan 18 2021 at 04:36
56 inlägg
When I entered the markets I had no idea what is ribbon chart or what are the signal indicators even. I think it is very embarrassing to say that when I opened MT4 trader through my first broker I was just staring at the screen thinking what is going on. Then I thought this might be the fault of the broker and interface is too complex and hopped to XTB but the same issues I faced there which brought me to the realisation that I don't even have the knowledge of market fundamentals. Thankfully I’m in a much better place financially today.
KnowFinance
Jan 20 2021 at 05:19
85 inlägg
According to me, a trading plan, consistency and patience are the three things essential to become a trader.
Sar John (Sarjohn)
Jan 20 2021 at 11:39
187 inlägg
Yes I order to make regular profit and become a successful trader you need to develop a strong strategy, and you can only develop a strong strategy by studying and regular practice.
SofieAndreasen
Jan 20 2021 at 17:48
759 inlägg
Lycineandrew posted:
Rassellkarl posted:
Fx_howie posted:
Trading plan, consistency and knowledge. These three things are important for me in trading.
Absolutely we should think about what we are doing before entering the markets. It is the reason that differentiates successful traders from failed traders. Wisdom says half knowledge is always dangerous because we think that we know more than other traders.
There are many resources through which one can learn about forex trading. If we don’t gain knowledge then no matter if it is demo trading or live, we will fail for sure.
True. Learn the basic knowledge of trading and then practice in demo account.
AliaDare
Jan 21 2021 at 01:57
788 inlägg
LeviSievwright5 posted:
It is not possible to gain profit consistently without acquiring a trading education. A trader must first acquire trading education. Then you have to apply that education and practice a lot.
Yes, you are right, trading education is very important. It is never possible to make a trading profit without proper knowledge.
forextrader777
Jan 22 2021 at 12:18
128 inlägg
It’s completely right that you have to study a lot for a perfect trading strategy. You can develop this skill set with the help of demo accounts. You can start with demo trading and can apply and test your strategies there.

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