Your most successful trade

My successful trades keep on changing as I am very much active in the trading market and I trade frequently. Some of the times I don’t earn that good but sometimes I do much better than my previous trades.

success is not easy we know very well but still we try to bring success with no learning ,
as a result we become loser when try to make it in practical.

luck is really important if you know to trade well and have good knowledge and experience , without knowledge there is no good lcuk

Though I am happy to see that almost all of these replies are positive, I don’t know why I am not able to earn that good. I have tried changing my strategies a number of times, given good commission to my broker, still no success.

knowledge and experience needed i agree with you , but it can be valueless if you dont have regular practice  , so besides acquiring good knowledge its more appropriate to emphasis on practice session. 

jimmyneeesham posted:
Though I am happy to see that almost all of these replies are positive, I don’t know why I am not able to earn that good. I have tried changing my strategies a number of times, given good commission to my broker, still no success.

Don’t lose hope. If you have tried doing everything, then give one more try and change your broker. Choose a good broker for yourself and demo trade for some time. Learn things and then shift to the live market. If you are having a hard time finding one, I can suggest some. Go with XM or maybe IG. They won’t charge you a huge fee for trading. You could also elaborate on the strategies that you’ve been using, perhaps you can get help on that aspect too. There are a lot of very experienced traders here on this forum.

jimmyneeesham posted:
Though I am happy to see that almost all of these replies are positive, I don’t know why I am not able to earn that good. I have tried changing my strategies a number of times, given good commission to my broker, still no success.

You will start earning a good amount very soon. Don’t worry. And avoid paying a huge sum for commissions. You can get good services for less fees too. Don’t get into that trap where you feel you will be getting better services if you pay more. ICM is a good broker and does not charge and even has tighter spreads.

AmDiab posted:
knowledge and experience needed i agree with you , but it can be valueless if you dont have regular practice  , so besides acquiring good knowledge its more appropriate to emphasis on practice session. 

Ya the importance of practicing on a demo account can by no means be underestimated. Or are you one of those who think practicing on a micro account is more fruitful?

Only a good strategy is not enough for successful trading. Along with a good strategy a person also have to be sound and composed in psychologically. Otherwise he/she would end up losing a lot of money.

jimmyneeesham posted:

AliaDare posted:
First, you need to apply the trading mentality in the right way. Then you have to manage the discipline and plan and enter the trade.

Isn’t that the most difficult thing to do here? Be disciplined :)

Yes, that's what I'm saying. Because if I can't discipline myself, trading is not possible for me. I have to come up with a good plan first and discipline myself according to that plan. Only then can you earn good money from trading.

Until now, the trade that got me $567 is my most successful trade. I know that I have a lot of potential and I can do much better. Will keep taking risks and breaking my own records.

illscarce874 posted:
Forex trading has never been easy for me. When I started doing it, I had so many dreams. But as I started trading, I saw all of them shattering like anything. I need some motivation because I don’t know for how long I will be able to take these losses. I am on the brink of leaving forex trading forever.

Leave it now while u still got money. Get a real job and stop dreaming.

jimmyneeesham posted:

AliaDare posted:

jimmyneeesham posted:

AliaDare posted:
First, you need to apply the trading mentality in the right way. Then you have to manage the discipline and plan and enter the trade.

Isn’t that the most difficult thing to do here? Be disciplined :)

Yes, that's what I'm saying. Because if I can't discipline myself, trading is not possible for me. I have to come up with a good plan first and discipline myself according to that plan. Only then can you earn good money from trading.

Can you share some tips on things that help you not deviate from your trading plan, thanks in advance buddy

Of course. You have to maintain the journal before trading. At what price will you enter the trade? Where to give stop loss and take profit? How to manage the trade. Maintaining all these things is usually called a trading plan.

A successful trade has a different meaning for each one of us. What is a successful trade according to me might only be a warm up according to someone else. Trading is an individual journey and your focus must be on your journey only. Take motivation from others but pave your own path.

I don’t think that there is any scale that can measure the success of a trade. If you learnt something from your trade, it is definitely a successful trade in my eyes.

Для того чтоб научится торговать на форексе , нужно приложить очень много усилий и приобрести знаний , Однако форекс не подходит для всех типов людей!

Instead of focusing on the monetary profits solely, your aim should be on learning new skills. The more skilled you are, the more consistently you will be able to make profits. And I think that’s better than making a big profit, one single time.

manuel19065 posted:

illscarce874 posted:
Forex trading has never been easy for me. When I started doing it, I had so many dreams. But as I started trading, I saw all of them shattering like anything. I need some motivation because I don’t know for how long I will be able to take these losses. I am on the brink of leaving forex trading forever.

Leave it now while u still got money. Get a real job and stop dreaming.

No place for dreamers eh!this market ;)

Blend optimism with realism. I believe that there is always another day for you to trade profitably. Though you cannot lose hope, you have to be realistic while setting your expectations. It's never a good idea to keep using one strategy or trading one currency pair. Add flavours to your trading and that's when you will take another step towards success.