Experienced trader

Experienced trader can earn profit by means of minor trading balance, its true. But why you don’t think an armature trader also able to increase his balance gradually just if he passed some inevitable parts of trading with controlling emotions. With experienced traders beginners also can lead a healthy trading life according to his balance if he could maintain his trading discipline with stopping revenge trading. because newcomers attacked maximum time by revenge trading.

Obviously, an experienced trader started as a new trader, so they need to make profits too... I don't know what the point of this was lol

Mohammadi posted:
Experienced trader can earn profit by means of minor trading balance, its true. But why you don’t think an armature trader also able to increase his balance gradually just if he passed some inevitable parts of trading with controlling emotions. With experienced traders beginners also can lead a healthy trading life according to his balance if he could maintain his trading discipline with stopping revenge trading. because newcomers attacked maximum time by revenge trading.

Revenge trading, as I agree is a bad habit to have. Must have discipline and patience to trade profitably.

An experienced trader also was a new in the Forex when he starts his trading period and after some good hard work and patience they make themselves a good trader and now making good money.

Experience makes it possible to have more control over the situation during trading.

If you trade without emotions, you do not need to be an experienced trader. Because if you don't have emotion in trading, you can make a lot of profit from trading. I have seen many traders who have made a lot of profit by trading for 2 years because their psychology was very strong. Trading Psychological Game. And to win in this psychosomatic game, you must give up emotions. And trade according to discipline.

I didn't quite understand what you wrote either, but it's not so easy to succeed in trading. You need to control your emotions, control all the risks, and have at least some discipline to have a chance to become a profitable trader)) And this is actually very difficult, especially to achieve a balance of all this. So, it seems to me that at the beginning, many traders do not manage to do all this. But with more experience, it becomes easier, and trading itself becomes easier and more understandable.

I am having hard time trying to understand what are you saying.
Starting you are talking about how experienced traders started off as an inexperienced traders which is true, and then you are talking about revenge trading?

I think every trader should keep working on improving their trades by constantly learning and gaining the required knowledge.

arildbull posted:
I think every trader should keep working on improving their trades by constantly learning and gaining the required knowledge.

True, But how should one work on improving their trades. Do you suggest any techniques?

The key is to keep trying and practising until you fully understand how to trade.

Jude_craig posted:

arildbull posted:
I think every trader should keep working on improving their trades by constantly learning and gaining the required knowledge.

True, But how should one work on improving their trades. Do you suggest any techniques?

I was never able to really grasp it until I was willing to test every single indicator with a long data spreadsheet to analyze my every trade, I could see where I was weak and where I was strong, I focused on the trades that I seem to be constantly good at and then cultivate that skill until today I now RARELY lose money on a trade. I used to be sooooo shitty I gave up on trading altogether, but really what I needed was a break. I came back and saw charts in a way I had never seen charts before. Today I give signals to my Forex Alerts group. Never once have I given out a trade that did not work. One of my students sent me a very nice long voicemail about how much her trading has improved since working with me and how she is happy to be able to pay the bills as a single mother.

Conclusion: You MUST be very determined to find YOURSELF, what you believe in and what you wish to be as a trader. Visualize it every day. It will happen if you have pure heart intentions of accomplishing it.

Every experienced trader was once a new trader. But what differentiated them from other traders is the fact that they decided not to give up and kept trying over and over again. It takes years of experience to become a profitable trader.

Jude_craig posted:

arildbull posted:
I think every trader should keep working on improving their trades by constantly learning and gaining the required knowledge.

True, But how should one work on improving their trades. Do you suggest any techniques?

Try to come up with hypothesis questions.. always ask questions like; What sign was given that this price was about to make a big move? Then go back through history and check all types of indicators and find which is the most consistent. Set a standard for what you are looking for and truly wish to find and then spend all night and day looking for it. That is how I was able to become a profitable trader. I was willing to slit my throat or become a great trader. You also must BELIEVE in your trades very much so that you are willing to lose to get the win. Cut losses quickly and let profits run. I made a $17,000 profit a few hours ago. Before that one good trade, I lost 10 trades totaling $3,500... But did that loss matter? Nope. ONe trade covered all of the previous losses and then some.

And at what moments do you try to avoid? what exactly is stopping you from trading?

To be an experienced trader, one needs to have skills and expertise. Trading for a long time doesn't make anyone experienced. He may still lose money regularly.

Akasuki posted:
To be an experienced trader, one needs to have skills and expertise. Trading for a long time doesn't make anyone experienced. He may still lose money regularly.

This is the most ridiculous statement ever. LOL

Experience comes from knowledge and experiments. Many people are trading for years but still doing like a newbie. So years do not make us experienced in trading.

I think a positive mindset is needed to make a consistent profit. Risk and money management must be maintained to make a consistent profit. If it is possible, then it is very easy to make a profit with the plan.