Trading Lessons!

What tough lesson/s have you learnt recently that is helping to improve your results?

 Contrary to a quite popular belief, I have learnt that Fundamentals can bear great significance to your trading results.😄

Share your lesson and how it has helped you to reap better results!

The market is going to do whatever the market wants to do.

yeah but how can we predict what it will do based on previous action

TeamNotreDame posted:
yeah but how can we predict what it will do based on previous action

Fundamental analysis, Technical analysis, Market Analysis.

Market is presenting as Bullish? Buy
Market is sideways or unmoving? Do nothing
Market is presenting as Bearish? Sell

If the trade is unprofitable, close it and wait for the next trade.
If the trade is profitable, let it run it's course for profitability.

Manage your risks properly.

ufotech

Fundamental analysis, Technical analysis, Market Analysis.

Market is presenting as Bullish? Buy
Market is sideways or unmoving? Do nothing
Market is presenting as Bearish? Sell

If the trade is unprofitable, close it and wait for the next trade.
If the trade is profitable, let it run it's course for profitability.

Manage your risks properly.

 Precisely @ufotech

@Roberto21 A very valid point! It is important to learn from our mistakes and also to grow from them

My best lesson is - Don`t risk what you can`t afford to lose.

Two important lessons for me

1. Money and risk management
2. Always use Stop Loss

Cordardred posted:
As for the market, well said, if we talk about exactly what depends on me - the main advice is not to rush, money loves peace and responsibility, and the better you understand it, the greater the chance that you will leave the market with the money.

That’s right, patience is the foremost important trait to be a successful trader. Nevertheless, I think being rational is also a major requirement, people always tend to be greedy while trading and end up making just losses.

fancydandy posted:
Two important lessons for me

1. Money and risk management
2. Always use Stop Loss

Ditto. Those are most important things to remembers

The beginner should use demo account minimum for three months, sometimes many brokers organize demo contest with real money prizing. Newcomers can join here. It could be great to acquire real trading exeprince.

I love these responses! All accurately relevant and absolutely necessary to follow. It is also quite clear that as traders we all understand the importance of following a particular set of rules. These rules will either make you or certainly leave you 'broken'

FxDThompson posted:
I love these responses! All accurately relevant and absolutely necessary to follow. It is also quite clear that as traders we all understand the importance of following a particular set of rules. These rules will either make you or certainly leave you 'broken'

r
Absolutely! I love reading everyone's post knowing and getting better in the term of trading and etiquette.

Nothing is guaranteed in our life so anything like that as well anyway. For whatever reason being done there totally and completely. In such way you should treat your forex as well, and no some other thing. Only like that and you will get some results soon.

Malokelv posted:
Nothing is guaranteed in our life so anything like that as well anyway. For whatever reason being done there totally and completely. In such way you should treat your forex as well, and no some other thing. Only like that and you will get some results soon.

That’s right, everything is unpredictable.

Forex trading is especially fast-paced and risky, so it is especially important to have a solid basic knowledge before trading with the money you earn. Understanding risk and FX risk management strategies, including Stop Loss, are also essential to long-term FX success.

There are many types of strategies in trading. Sentimental Analysis is the best analysis in the trading world. The way in which the market moves in 4 ways is what I usually call context. Those 4 ways of context are impulsive/corrective and volatile and non-volatile. If this context and support/resistance level can be combined, then a lot of money can be made from the Forex market.

Before large investments we generally open a demo account in a broker to see the performance how it works. But I have seen, after large investments brokers attitude changes sometimes that is not available in micro accounts.

trading Forex with no knowledge i think the biggest mistake ever that beginners level always do. this mistake even i have passed when was a newcomer.