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Whats the Best Education Around??
forex_trader_350120
Tham gia từ Aug 07, 2016
24bài viết
Jan 08, 2017 at 07:46
Tham gia từ Aug 07, 2016
24bài viết
@NadineB Congratulations, you are taking trade seriously. It must be so!
forex_trader_350120
Tham gia từ Aug 07, 2016
24bài viết
Jan 08, 2017 at 07:46
Tham gia từ Aug 07, 2016
24bài viết
rrrfx1 posted:
I by nature ask a lot of questions, so I went into forums and exploded them with well-formulated questions. I like to write so that everything I did not know put it on a list and I would seek answers by all means, until I reached an acceptable knowledge of that area and then move on to the other. However, there are common mistakes you are going to make and what you have to commit to form what we call experience.
Well the list of doubts is endless in the trade.
Tham gia từ Jan 08, 2016
281bài viết
Jan 08, 2017 at 08:18
Tham gia từ Jan 08, 2016
281bài viết
The Market Makers try to steal money from traders by building traps.
Learn how they do that :
Learn how they do that :
Complexity is expensive, inefficient, and ineffective > Crocodile trading
forex_trader_29148
Tham gia từ Feb 11, 2011
1916bài viết
Jan 08, 2017 at 08:42
Tham gia từ Feb 11, 2011
1916bài viết
wiseinvest posted:
School of pipsology at babypips..
agree 100%
Tham gia từ Dec 15, 2016
5bài viết
Jan 08, 2017 at 08:42
Tham gia từ Dec 15, 2016
5bài viết
Hello Robin, way to go! Almost a year Trading tenacity is an absolute requirement of every successful Forex Trader. I am an intermediate level Trader which means I know how to trade profitably I just don't do it for a living yet. Hopefully I can help point you in the right direction.
You're in the R&D phase of your trading career and should be free to explore a wide variety of trading Styles and strategies. If you restrict yourself to a cash account you're going to need virtually unlimited resources or time to explore the different strategies available. Demo accounts are free and easy to use. I have 3 demo accounts from different brokers running on my computer right now. I personally have found that backtesting doesn't work and it's a complete waste of time. So the only realistic way for me to test out a good strategy is to test it out on a demo account in real time. I just don't want you to lose any money until you're more sure of what you're doing. I have burnt a few accounts and know how it feels. That's enough about demos, I have 2 tips to share.
Tip 1 Consistency Every successful business you're familiar with started with a business plan and trading is no different. If you want to be a successful Trader you're going to need a trading plan. Plan your trade and trade your plan.
Tip 2 Overtrading In my humble opinion overtrading is the number one reason most Traders fail. The 1 minute to 15 minute time frame I would avoid until you're more experienced in trading as there are some very good Traders there and they will take your money if you give them half a chance. Swing trading systems is a much safer choice as you'll be trading in a higher time frames 4 Hour or 1 day which would naturally keep you above The Fray. There are many good and free examples to choose from online. Good luck and happy Trading.
You're in the R&D phase of your trading career and should be free to explore a wide variety of trading Styles and strategies. If you restrict yourself to a cash account you're going to need virtually unlimited resources or time to explore the different strategies available. Demo accounts are free and easy to use. I have 3 demo accounts from different brokers running on my computer right now. I personally have found that backtesting doesn't work and it's a complete waste of time. So the only realistic way for me to test out a good strategy is to test it out on a demo account in real time. I just don't want you to lose any money until you're more sure of what you're doing. I have burnt a few accounts and know how it feels. That's enough about demos, I have 2 tips to share.
Tip 1 Consistency Every successful business you're familiar with started with a business plan and trading is no different. If you want to be a successful Trader you're going to need a trading plan. Plan your trade and trade your plan.
Tip 2 Overtrading In my humble opinion overtrading is the number one reason most Traders fail. The 1 minute to 15 minute time frame I would avoid until you're more experienced in trading as there are some very good Traders there and they will take your money if you give them half a chance. Swing trading systems is a much safer choice as you'll be trading in a higher time frames 4 Hour or 1 day which would naturally keep you above The Fray. There are many good and free examples to choose from online. Good luck and happy Trading.
“Life is short, break the rules, forgive quickly, kiss slowly, love truly, laugh uncontrollably, and never regret anything that makes you smile. Twenty years from now you will be more disappointed by the things you didn’t do than by the ones you did. So throw off the bowlines. Sail away from the safe harbor. Catch the trade winds in your sails. Explore. Dream. Discover.” Mark Twain
Tham gia từ Jan 08, 2016
281bài viết
Jan 08, 2017 at 08:49
Tham gia từ Jan 08, 2016
281bài viết
wiseinvest posted:
School of pipsology at babypips..
They start with the truth :
Our definition of a successful trader is having the ability to do three things :
1. Make pips
2. Keep pips
3. Repeat
But this is followed by all the useless 'knowledge' we can read about everywhere !
There is no path a newbie can follow and have success. He has to figure it out on his own.
This is no school !
Complexity is expensive, inefficient, and ineffective > Crocodile trading
Tham gia từ Dec 22, 2016
20bài viết
Jan 09, 2017 at 08:02
Tham gia từ Dec 22, 2016
20bài viết
edwige posted:NadineB posted:
@yersonv good to hear then. I will be joining webinars this January and I am hoping that will enrich my knowledge even more!
Good decision to start the year.
Thank you so much!
Tham gia từ Dec 22, 2016
20bài viết
Jan 09, 2017 at 08:02
Tham gia từ Dec 22, 2016
20bài viết
yersonv posted:
@NadineB Congratulations, you are taking trade seriously. It must be so!
Yes, especially that this one made a good result as my secondary income.
Tham gia từ Dec 22, 2016
20bài viết
Jan 09, 2017 at 08:02
Tham gia từ Dec 22, 2016
20bài viết
monkyl posted:
The best education conforms to your method of study and research based on various means and the ability to analyze your own trading strategy.
Who studies their own trade learn more!
I must agree with you, and while studying you'll discover the best strategy for you own as well.
Tham gia từ Apr 21, 2016
1bài viết
Jan 12, 2017 at 08:11
Tham gia từ Apr 21, 2016
1bài viết
robinpike posted:
I started to learn how to trade in February, 2016 and have gone through two programs (MTI and Apiary Fund) and while I have learned a TON of information and have done some successful trades I feel there is a piece missing. I am sure it has a lot to do with the learning curve and just needing experience behind me but I can't help but feel there is something missing. My husband keeps telling me, one day the light bulb is going to go off and it will all click for me! I do not plan on being in the 95% of those traders who quit. I plan on making this my full time income so I am extremely determined to make it work!! Any productive advice is welcome!!
Thank yoU in advance for your feedback!! :-)
Robin
Learning how to trade is not as important as learning a winning system, from experience trading for 6 years and loosing i can tell you a winning system is a must. just take your time and you will find the light eventually, but you have to be persistent, and there will be a lot of bad times.
forex_trader_384423
Tham gia từ Dec 14, 2016
2bài viết
Jan 13, 2017 at 09:25
Tham gia từ Dec 14, 2016
2bài viết
robinpike posted:
I started to learn how to trade in February, 2016 and have gone through two programs (MTI and Apiary Fund) and while I have learned a TON of information and have done some successful trades I feel there is a piece missing. I am sure it has a lot to do with the learning curve and just needing experience behind me but I can't help but feel there is something missing. My husband keeps telling me, one day the light bulb is going to go off and it will all click for me! I do not plan on being in the 95% of those traders who quit. I plan on making this my full time income so I am extremely determined to make it work!! Any productive advice is welcome!!
Thank yoU in advance for your feedback!! :-)
Robin
Hi, I'm also starting and I still have a lot to learn and I do not want to give up, I hope you and the other users support me.
Tham gia từ Nov 13, 2015
35bài viết
Jan 26, 2017 at 16:55
Tham gia từ Nov 13, 2015
35bài viết
javi3 posted:
Hi, I'm also starting and I still have a lot to learn and I do not want to give up, I hope you and the other users support me.
It's a journey, a long one, so I wish you God speed and success! Don't get demotivated if it get's tough at the beginning. Have you started trading live or still using demo to learn the things?
A knight's tale!
Tham gia từ Dec 23, 2016
14bài viết
Jan 27, 2017 at 09:04
Tham gia từ Dec 23, 2016
14bài viết
@javi3 I am totally agreeing with you. The world is the biggest room for learning and improvement! I support you for whatever you are dreaming for.
@robinpike If I and some people did it. I believe you can do it as well, just don't be afraid. Life is too short to be afraid.
@robinpike If I and some people did it. I believe you can do it as well, just don't be afraid. Life is too short to be afraid.
Tham gia từ Oct 26, 2010
24bài viết
Jan 29, 2017 at 05:59
Tham gia từ Oct 26, 2010
24bài viết
Experience will be the best teacher. One simple rule that failed me since I started forex trading is Money Management. This is the key to success for every trader. Manage this well and you will profit in the long run.
Dont give up and learn from other mistakes. Know how the market move and why? Lots to learn from many forex websites. Do lots of reading and backtests.
Dont give up and learn from other mistakes. Know how the market move and why? Lots to learn from many forex websites. Do lots of reading and backtests.
Let's Profit Everyday!
Tham gia từ Mar 26, 2015
47bài viết
Feb 10, 2017 at 13:10
Tham gia từ Mar 26, 2015
47bài viết
mohdforex posted:
Experience will be the best teacher. One simple rule that failed me since I started forex trading is Money Management. This is the key to success for every trader. Manage this well and you will profit in the long run.
Dont give up and learn from other mistakes. Know how the market move and why? Lots to learn from many forex websites. Do lots of reading and backtests.
I agree with you here. But why the Money Management failed you (not sure if I understood this correctly)?
Trade fast, learn fast, never regret!
Tham gia từ Oct 29, 2022
3bài viết
Tham gia từ Apr 03, 2021
470bài viết
Oct 30, 2022 at 22:35
Tham gia từ Apr 03, 2021
470bài viết
I think still many traders learn from babypips is enjoy a place to learn about forex. Then using a demo account to practice.
And eventually, the best education comes from experience.
And eventually, the best education comes from experience.
Tham gia từ Sep 14, 2022
40bài viết
Nov 02, 2022 at 04:16
Tham gia từ Sep 14, 2022
40bài viết
I feel the best education one can get is from experience, also along with that reading trading books such as - 'one good trade' also helps to gather knowledge.
Tham gia từ Sep 13, 2022
6bài viết
Nov 02, 2022 at 09:42
Tham gia từ Sep 13, 2022
6bài viết
I think the best education comes from a variety of sources. You have to be able to tap into different sources of knowledge in order to be truly educated about fx.
For me, when it comes to forex, I like to get my education from a mix of forums, Youtube videos and courses. I think each source has its own strengths and weaknesses, but by using all three, I can get a well-rounded education and just input that in my trading.
For me, when it comes to forex, I like to get my education from a mix of forums, Youtube videos and courses. I think each source has its own strengths and weaknesses, but by using all three, I can get a well-rounded education and just input that in my trading.
Tham gia từ Oct 27, 2022
17bài viết
Nov 02, 2022 at 12:10
Tham gia từ Oct 27, 2022
17bài viết
HoodedStiff posted:I definitely agree! Reading and searching different forums, platforms website can enhance our trading knowledge.
I think the best education comes from a variety of sources. You have to be able to tap into different sources of knowledge in order to be truly educated about fx.
For me, when it comes to forex, I like to get my education from a mix of forums, Youtube videos and courses. I think each source has its own strengths and weaknesses, but by using all three, I can get a well-rounded education and just input that in my trading.
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