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Luck is important
Genel
içinde
Dec 16, 2022 at 10:41
I also believe that luck plays no role in trading. You can only reach the path of success when you work hard and maintain discipline. Those who rely on luck are simple gambling which can never be profitable in the long run.
Why are some traders successful?
Genel
içinde
Dec 16, 2022 at 10:32
That’s right. These points are indeed crucial for a successful trading career. However, there is not a single recipe for success in the financial markets. As said “nothing worth is easily achieved”, trading is a long and arduous journey that requires diligent efforts.
Consistency is the brick
Genel
içinde
Dec 16, 2022 at 10:26
I totally agree that consistency and discipline are among the pillars of trading that leads to a successful foundation. It sometimes gets challenging because of emotions but that’s where we need to work as a trader. The majority of the traders face this issue. You need to understand that trading won’t make you rich overnight! You have to be consistent and patient to reap rewards in the long run.
Have a plan and stick to it
Yeni Traderlar
içinde
Dec 16, 2022 at 10:17
Indeed, following a trading plan is one of the most integral parts of trading. When you stick to your plan, it gets easier to find out the loopholes you’ve been missing out on and you can easily track your progress. I know trading often gets tedious at times but if you let emotions play, you’ll pay the price!
Greed is poison
Yeni Traderlar
içinde
Dec 15, 2022 at 06:50
Greed is a dangerous emotion that keeps pushing us to want more even when we don’t need it. Traders should be aware of how greed contributes to their losses while trading. Emotions like greed are the sole reason people get indulged in addiction, over-trading, etc which proves as poison for their trading career. Keep your thoughts from taking over. The more self-assured you are and the more methodical your approach is, the less room there is for greed.
What do you learned while trading?
Genel
içinde
Dec 15, 2022 at 06:44
I agree with you. Indeed practising before making any move helps us to eliminate risks and also builds confidence. While it takes some time to start seeing a profit, we learn how to choose an opportunity and make the best out of it. The discipline and self-control we learn while trading also applies to other aspects of our life.
There is no short cut
Genel
içinde
Dec 15, 2022 at 06:37
Well I believe that if you keep learning with diligent efforts, you don’t need to hire any mentor. The road to trading success is a step-by-step process that a trader should take to acquire the proper knowledge and trading skills.
Fundamental works 100%
Genel
içinde
Dec 15, 2022 at 06:31
In my opinion, both fundamentals and technicals are crucial depending upon your objectives. Fundamentals aren’t everything but they certainly hold some weightage.
Mind or Machine? What’s Better For Forex Trading?
Genel
içinde
Jul 26, 2022 at 06:19
EAs can be really profitable if the trader knows how to use them efficiently.
Ready made strategy doesn't
Genel
içinde
May 24, 2022 at 06:40
Ready made strategies will provide you an outcast of how you should trade. It is good to be taken as a guiding strategy or a reference. But depending upon your own trading capacity and currency pairs, you have to modify the strategy. If you are completely relying on a strategy that someone else made for the whole world, you will most probably lose.
Is trading hard?
Genel
içinde
May 24, 2022 at 06:38
Both yes and no. Trading can be hard for absolute beginners who have no idea about the market. They need to learn and trade consistently to become better. On the other hand, people who have devoted significant quality of time in learning about the market strategies, analysing them, and applying the procedures of risk management, for them, the market does not seem to be that hard. Of course the market is volatile in nature, and loss is for sure fated. But with a good strategy, you will make more profits than losses.
There is no short cut
Genel
içinde
May 24, 2022 at 06:36
Shortcuts may give profits at the moment but for achieving long-term success traders need to learn and study forex trading diligently. .
Fundamental works 100%
Genel
içinde
May 23, 2022 at 09:02
Even though long-term traders prefer fundamental analysis, short-term traders should also prefer looking into fundamental factors or at least studying the economic calendar.
Don’t Let Your Emotions Dictate Your Forex Trading
Yeni Traderlar
içinde
May 20, 2022 at 03:53
Emotions do not allow traders to be rational while trading. Traders should not allow their emotions to overpower them and affect their trading decisions.
Greed is poison
Yeni Traderlar
içinde
May 20, 2022 at 03:52
Any emotion, especially greed, inhibits the decision making power of a trader which results in making wrong trading decisions.
Advice about BTC trading?
Kripto
içinde
May 18, 2022 at 10:07
I’m not trading cryptos atm, keeping them safe with capital wallet. It’s the need of the hour because of the recent crypto crash and rise in thefts.
Newcomers and demo trading
Genel
içinde
Mar 31, 2022 at 10:01
A demo account helps traders to build confidence and build a trading strategy with an edge ready for trading on a live account.
7 Benefits of using stoplosses
Genel
içinde
Mar 31, 2022 at 09:55
Stop Losses help you to keep your losses in check. If you are a newbie or do not have in -depth understanding of the market, stop losses can help you protect from losses.
How much money can I expect to make from trading?
Genel
içinde
Mar 30, 2022 at 07:38
There is no fixed amount a trader can make trading forex. Traders need to have a good amount of knowledge and sufficient practice to gain the right trading skills to be profitable in the long-run.
What do you learned while trading?
Genel
içinde
Mar 30, 2022 at 07:34
Trading is a continuous learning experience. Your past experiences may help you to understand things quickly and make wise decisions. But every time you have to put in the same amount of energy to gain profits.
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