What do you learned while trading?

Hi, fellow traders, Here are things that I learned from trading which I want to share with you:

Patience is your weapon. Use it

Greed is the cause of all evils. Often people rush to earn a lot of money and eventually fail miserably when they buy shares online relentlessly. Take each investment step by step. Analyze each success and each failure. Learn from your mistakes. Then, finally, rise like a phoenix.

Learners do not stop

Getting comfortable in your success or your failure will make your growth stagnant. Never stop researching, studying new markets, and devising new strategies on how to trade. The vision of trading is simple, keep growing.

The path to success is never a straight line

Struggles are impediments to overcome; focus still needs to be on the prize. A wiser trader is the one who dreams big, aims for stars, and does not let any challenge question his credibility. With its sharp ups and downs, trading platforms bring out the insecurity, fear, and irrationality that we usually keep hiding in the polite society. Investing is not just a test of strategy– it is a test of character. What we usually do when investing is very often what we believe about ourselves.

Hard work is your best friend

Curiosity and hard work have never failed anyone. Doing the homework right and putting optimal efforts in research on share market tips will never harm you. They might not help you to devise Plan A, but will surely help you to plan other letters of alphabets.

I think you made a lot of good points here and these are things that all new traders should hear. It takes hard work and there will be setbacks and losses but the way that we handle that and learn from it is what can keep us going towards success. Good traders never stop learning and never make the mistake of thinking that they know everything there is to know.

princesajir posted:
Hi, fellow traders, Here are things that I learned from trading which I want to share with you:

Patience is your weapon. Use it

Greed is the cause of all evils. Often people rush to earn a lot of money and eventually fail miserably when they buy shares online relentlessly. Take each investment step by step. Analyze each success and each failure. Learn from your mistakes. Then, finally, rise like a phoenix.

Learners do not stop

Getting comfortable in your success or your failure will make your growth stagnant. Never stop researching, studying new markets, and devising new strategies on how to trade. The vision of trading is simple, keep growing.

The path to success is never a straight line

Struggles are impediments to overcome; focus still needs to be on the prize. A wiser trader is the one who dreams big, aims for stars, and does not let any challenge question his credibility. With its sharp ups and downs, trading platforms bring out the insecurity, fear, and irrationality that we usually keep hiding in the polite society. Investing is not just a test of strategy– it is a test of character. What we usually do when investing is very often what we believe about ourselves.

Hard work is your best friend

Curiosity and hard work have never failed anyone. Doing the homework right and putting optimal efforts in research on share market tips will never harm you. They might not help you to devise Plan A, but will surely help you to plan other letters of alphabets.

Quite an informative answer buddy!

princesajir posted:
Hi, fellow traders, Here are things that I learned from trading which I want to share with you:

Patience is your weapon. Use it

Greed is the cause of all evils. Often people rush to earn a lot of money and eventually fail miserably when they buy shares online relentlessly. Take each investment step by step. Analyze each success and each failure. Learn from your mistakes. Then, finally, rise like a phoenix.

Learners do not stop

Getting comfortable in your success or your failure will make your growth stagnant. Never stop researching, studying new markets, and devising new strategies on how to trade. The vision of trading is simple, keep growing.

The path to success is never a straight line

Struggles are impediments to overcome; focus still needs to be on the prize. A wiser trader is the one who dreams big, aims for stars, and does not let any challenge question his credibility. With its sharp ups and downs, trading platforms bring out the insecurity, fear, and irrationality that we usually keep hiding in the polite society. Investing is not just a test of strategy– it is a test of character. What we usually do when investing is very often what we believe about ourselves.

Hard work is your best friend

Curiosity and hard work have never failed anyone. Doing the homework right and putting optimal efforts in research on share market tips will never harm you. They might not help you to devise Plan A, but will surely help you to plan other letters of alphabets.

This is so useful, will help out everyone here.

Trading is 100% dangerous, so if anyone tells you about a guaranteed return, don't believe them. Trading involves high risk, which can be controlled but unavoidable. Risk is always present.

I lost my first deposit because I did not understand the risks. I do not thankfully but it takes a lot to manage it properly

princesajir posted:
Hi, fellow traders, Here are things that I learned from trading which I want to share with you:

Patience is your weapon. Use it

Greed is the cause of all evils. Often people rush to earn a lot of money and eventually fail miserably when they buy shares online relentlessly. Take each investment step by step. Analyze each success and each failure. Learn from your mistakes. Then, finally, rise like a phoenix.

Learners do not stop

Getting comfortable in your success or your failure will make your growth stagnant. Never stop researching, studying new markets, and devising new strategies on how to trade. The vision of trading is simple, keep growing.

The path to success is never a straight line

Struggles are impediments to overcome; focus still needs to be on the prize. A wiser trader is the one who dreams big, aims for stars, and does not let any challenge question his credibility. With its sharp ups and downs, trading platforms bring out the insecurity, fear, and irrationality that we usually keep hiding in the polite society. Investing is not just a test of strategy– it is a test of character. What we usually do when investing is very often what we believe about ourselves.

Hard work is your best friend

Curiosity and hard work have never failed anyone. Doing the homework right and putting optimal efforts in research on share market tips will never harm you. They might not help you to devise Plan A, but will surely help you to plan other letters of alphabets.

You are absolutely right on these notes. We have to be very patient, hard working and sensible. It is a tough business to deal with. A trader must not get carried away but be patient towards learning this business well. It takes time since it is not only about knowing the market. It is also about how to implement the lessons at the right time in the right way.

there are mainly two type of strategies trend follow and reversals

i would say go for any strategy that feature trend following

cheers

croisssan posted:
The main thing is to be careful. As for me, for a trader this is one of the key points.

Yes, being careful in terms of risk and money management along with handling emotions.

Absolutely! Learning should never stop. If we look overall, we only require two things to become a successful trader: patience and a learning attitude. Many new traders fail and quit because they don’t learn. All traders should regularly backtest, regardless of wins or losses, and learn from their trades and become a better trader.

Better Forex trading depends on better education and learning. There are limitless things to learn about Forex trading without which success remains untouchable. But greed is the only thing that takes away traders’ focus from acquiring knowledge.

princesajir posted:
Hi, fellow traders, Here are things that I learned from trading which I want to share with you:

Patience is your weapon. Use it

Greed is the cause of all evils. Often people rush to earn a lot of money and eventually fail miserably when they buy shares online relentlessly. Take each investment step by step. Analyze each success and each failure. Learn from your mistakes. Then, finally, rise like a phoenix.

Learners do not stop

Getting comfortable in your success or your failure will make your growth stagnant. Never stop researching, studying new markets, and devising new strategies on how to trade. The vision of trading is simple, keep growing.

The path to success is never a straight line

Struggles are impediments to overcome; focus still needs to be on the prize. A wiser trader is the one who dreams big, aims for stars, and does not let any challenge question his credibility. With its sharp ups and downs, trading platforms bring out the insecurity, fear, and irrationality that we usually keep hiding in the polite society. Investing is not just a test of strategy– it is a test of character. What we usually do when investing is very often what we believe about ourselves.

Hard work is your best friend

Curiosity and hard work have never failed anyone. Doing the homework right and putting optimal efforts in research on share market tips will never harm you. They might not help you to devise Plan A, but will surely help you to plan other letters of alphabets.

Patience is one of the most important aspects. I still sometimes get screwed over by FOMO.

HeavLeighGill26 posted:
I think you made a lot of good points here and these are things that all new traders should hear. It takes hard work and there will be setbacks and losses but the way that we handle that and learn from it is what can keep us going towards success. Good traders never stop learning and never make the mistake of thinking that they know everything there is to know.

Well learning is a continuous process, there nothing like ending point of learning! On the other hand, now I know the real scenario of avoiding the stop loss trading tool! And I always use SL & TP during my live trading actions!

All good points

Every day the market is change, as traders, we need to learn to update to the current condition, learning never stops ending process, although we already get success in forex trading, learn from reading and also gather together in forum forex. we can do something while trading.

Ive learned that i need to trust myself more and patience. I never realised how i needed to improve these areas until i started trading. Its amazing what it teaches you about yourself

I learned that Forex trading is a lot more complex than I first thought. It requires hard work learning and time

Trading is a forever learning experience and you never stop learning in trading. Everyday is a new challenge and you have to put in fresh energy. Your experiences definitely give you an edge to tackle the situation smoothly and to make decisions. You learn strategies and methods to solve intricate problems. But choices you make while trading at that moment determines your returns.

Every mistake provides a lesson to learn. But we see among traders the tendency of overtrading and revenge trading, which destroy traders. One should try to recover from losses but it should not be done by retaliation. So, say NO to retaliation and say YES to earning knowledge.