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Can You Learn to Trade by Yourself Without a Course?
v
Zkušení obchodníci
Feb 09, 2023 at 14:51
I have, it takes time for some. There's learning how to trade, Then there's learning how to trade with your emotions included ( demo vs real ). In my opinion working on each other separate is best so that you get the full understanding of trading yourself. Its really easy to learn other peoples ways of trading after we learn ourselves tbh ( like going back and reviewing they're entries and exits (times) etc.. Cheers
What are the best practices when trading?
v
Obecné
Feb 09, 2023 at 14:47
Id say most important are: Risk management, Testing your strategy daily and having a trading journal to report not only the good but the bad trades aswell and the reason why you felt you won or loss. use this repetition as a trading bible and you will only look for the moves you most likely will win.
XAUSTAR
v
Obchodní systémy
Feb 03, 2023 at 03:09
Sheesh. What a trade fr
Is it better to invest or save money?
v
Obecné
Jan 17, 2023 at 10:16
Investing is the better than saving money in a bank imo. The interest rate varies but it is definitely higher than that of the banks.
How do you handle different cycles with opposite trends?
v
Obecné
Jan 17, 2023 at 10:13
Trade the trend is safer. If you were to trade during the opposing trend, You will be considered to be trading on a “Retracement / Pullback”. Before price continues the HTF direction. Time deviation is key in trading times like these. Just identifying where you are in the market. Hope this helps
Manual VS Automatic trading
v
Zkušení obchodníci
Dec 16, 2022 at 14:10
Manual trading in my opinion is best for me. Robots are cool but its feels better and builds more confidence when its done by self.
Feeling recently
v
Noví obchodníci
Dec 16, 2022 at 14:07
Yes , Consistency!
Consistency is the brick
v
Obecné
Dec 16, 2022 at 14:05
Another benefit of consistency is that it can help traders build confidence in their approach over time. When traders see that their strategy is consistently producing positive results, they are more likely to stick with it and continue to refine and improve upon it. This can help traders develop a long-term perspective, which is essential for success in the forex market. Overall it is an important aspect of successful forex trading because it helps traders stay focused, avoid emotional decision-making, and build confidence in their approach.
Is a demo account really neccassary?
v
Noví obchodníci
Dec 14, 2022 at 22:10
absolutely, before risking your own personal funds. It is ideal to start a demo account and get a feel for trading however, the only difference between demo accounts & live accounts is your mentality. You’re willing to watch a demo account tank to see if you’re right, but would you risk a percentage of your own money to see if you’re right? also, with both being transparent, you’re able to identify your mistakes without your results being altered.
Can Traders still make profits both in a bull and bear market?
v
Obecné
Dec 14, 2022 at 22:07
definitely agree too, you are able to make money regardless of circumstances of the market. You just have to enter at the right timeframe. there are several opportunities to make money in an downtrend and uptrend.
Luck is important
v
Obecné
Dec 14, 2022 at 22:04
Well Said
Do day trading patterns work because others are also using them?
v
Obecné
Dec 04, 2022 at 15:44
Trail & error is key. Every trader uses some of the same strategies as the other. But, i guarantee that some perspectives are different. Its just learning to use them in a way that benefits for you & gives you better understanding of market direction and time deviation. As traders some (day traders) only analyze for a short specific time to ensure we make profits. After taking partials anything else is a blessing imo.
My Trading journey
v
Obecné
Dec 04, 2022 at 15:38
Relatable, If there is anything i learned is that spreads matter , Leverage & Times of trading is important. Set goals, it provides inner self drive mentally. Also scared money never makes money. Having a “im right” mentality until you see otherwise is a good trait. bless
2H time frame
v
Zkušení obchodníci
Dec 01, 2022 at 18:30
Agreed. Every TF paints a picture. Time deviation is beautiful once understood too.
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