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Making consistent money
på
Allmänt
Jan 25, 2022 at 08:21
Thats really true they are actually so at peace with their trades and their risk they let the trades run. The thing is it takes a lot of hardship to get there but once you do it becomes easier and easier imo
Greed, the destruction
på
Allmänt
Jan 25, 2022 at 08:19
Completely agree its about having that self belief and persistance that is really the bedrock of trading. Its the only way to handle the inevitable losses
All the successful traders
på
Allmänt
Jan 22, 2022 at 15:58
It is the biggest factor in my opinion whether thats discipline to stay out/follow rules or let your winners ride
Most people become unrealistic
på
Allmänt
Jan 22, 2022 at 15:57
Absolutely, its feed by people trying to make money from affiliate links to all sorts. You need to treat this like any other business and expect to work hard for it. There are massive profits to be made if done correctly
Forex Community
på
Allmänt
Jan 18, 2022 at 08:15
Definitely agree, its important to have a support network when first starting out and when going live for the first time. It can be daunting to say the least lol
The fear of losing opportunity
på
Allmänt
Jan 18, 2022 at 08:13
Happens to us all unfortunately, FOMO is one of the things you need to master as a trader. If an opportunity is gone best to sit and wait. This takes discipline which will come in time :)
Is trading hard?
på
Allmänt
Jan 17, 2022 at 07:56
There are a massive set of skills needed to be a successful trader but it is attainable but like a degree or anything else worthwhile having you have to work at it. No other way around it
What makes one a Professional Trader?
på
Allmänt
Jan 13, 2022 at 07:51
Professional traders are consistently profitable. Thats it, they are able to make a living from trading. There is a key difference though they are not consistently winning all the time they are profitable in the long run with losses accounted for imo
Basic mistake we make
på
Allmänt
Jan 13, 2022 at 07:49
Completely agree, thats why so many pro traders are so avid about a trade journal. They are always analysing and learning from their mistakes
Forex Amount
på
Allmänt
Jan 12, 2022 at 07:50
So true, so many rush into trading and dont do their due diligence. If you take your time and grow a strategy and support network you can then move to the level of actually trading and leverage etc imo
There is no short cut
på
Allmänt
Jan 12, 2022 at 07:49
Completely agree, i dont think that the high failure rate is that you cant make money from forex i believe its the fact that people cant stay in the game long enough and endure the learning curve. Once you do the world is your oyster
Successful trading
på
Allmänt
Jan 10, 2022 at 07:44
Persistence is so key. It is that drive that makes successful people who they are. Forex will test you and test you to the limit you just have to keep showing up each day.
Emotion in Forex trading
på
Allmänt
Jan 10, 2022 at 07:42
Really love this, the whole problem with people failing is summed up in this post. short sightedness is the biggest downfall
Stop loss is a killer if
på
Allmänt
Jan 07, 2022 at 15:05
I think it needs to be part of a trading system for sure. You need to have a reason to put it where you do. However any stop loss is better than no stop loss
Gold broker recommendations
på
Allmänt
Jan 07, 2022 at 15:04
There are so many out there now you can use free demos with im sure lots will have suggestions
0 spread low commission broker.
på
Erfaren Traders
Jan 06, 2022 at 16:38
CedarFX are reliable and they have 0% commission. Been using them for a while now for my scalping account
METHOD OR DISCIPLINE?
på
Allmänt
Jan 05, 2022 at 19:54
Really nice post, i know for sure if people journalled their trades they would see they dont follow one of these steps in some way or another
Indicators are useless
på
Allmänt
Jan 05, 2022 at 19:52
Indicators are always lagging on what has done, you need to definitely have knowledge of market structure and price action to give you a clearer image of what's happening
Exit from a trade
på
Allmänt
Dec 29, 2021 at 11:54
I also think hidden in this is to let the trade run as it wishes. Any alterations to TP or SL really damage your sample size of trades and also create doubt
How much Important of Leverage for Trading
på
Allmänt
Dec 29, 2021 at 11:52
Not necessarily. You can use high leverage and make sure you have risk management and lot size correctly chosen. It is great to compound accounts if done properly
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