Jump to content

Best Change

Sign in to follow this  
pipdmt

You don't have to be on the right!

Recommended Posts

After several years of trading and mentor ship and various forex seminars, I guess what I've learnt is that, you could know everything in forex but still loss, So the idea is not how much you have lost or know, but how you behave after a loosing streak.

Share this post


Link to post
Share on other sites

Forex is a zero sum game. There is no specific guarantee that successful traders or experienced traders won’t lose. Thereby if we think that after spending many years, we won’t face any loss; it is entirely a wrong idea. But yes, it is true that we should know it very well that how we can handle our losses to bounce back to our normal trading life. A smart trader should forget the loss but remember the lessons from it.

 

Share this post


Link to post
Share on other sites

The problem with signal providers these days is that there is a lot of misuse, as it is less regulated than becoming a hedge fund. Everyone can become a signal provider these days. Knowing the accurate signal is crucial. Sure, you have practiced times when you entered the trade and waited during the changing zone while some other pair was making a solid step.

Share this post


Link to post
Share on other sites

The facilities provided by brokers must indeed be used properly, this is used so that traders can be better and can be maximized in improving their trading skills and able to be more maximal in surviving and making profit.

Share this post


Link to post
Share on other sites

It matters on different criteria of a broker. There are many brokers who are tagline too many services on their website but do not facilitate anything in real work time. 

Share this post


Link to post
Share on other sites
Existing facilities must be able to be used properly, this is useful so that traders can get more leverage in improving their trading skills, experience, and benefits that will be gained by traders, so that traders will be more maximal in managing trading activities on real accounts.

Share this post


Link to post
Share on other sites

The problem with signal providers these days is that there is a lot of misuse, as it is less regulated than becoming a hedge fund. Everyone can become a signal provider these days. Knowing the accurate signal is crucial. Sure, you have practiced times when you entered the trade and waited during the changing zone while some other pair was making a solid step.

 

Forex signal misuse is not something new which has been seen recently. It has been like this for a long time. This is one of the reason I don't recommend any 3rd party's suggestion when it comes to trading.

Share this post


Link to post
Share on other sites
 

I think traders are better able to improve their trading skills well, so they can be more independent in carrying out trading activities to be able to manage existing funds and risks and be able to generate profits that are in line with expectations.

Share this post


Link to post
Share on other sites

I seriously worry least about RIGHT or WRONG. I believe that it is ALL about working in a way that you feel comfortable and make decisions with confidence. IF you do that then to me that is ENOUGH.

 

I always do analyze and only then I trade, it helps a lot with the pair like eur nok, which is very easy to work on. I follow up eur nok prediction, which further helps me with decision making.

Share this post


Link to post
Share on other sites

To trade in volatile markets, you first have to find it. While volatile markets present more trading opportunities, they typically fit traders with considerable risk appetite given the fact that high volatility trading can lead to high losses.

Share this post


Link to post
Share on other sites

I seriously worry least about RIGHT or WRONG. I believe that it is ALL about working in a way that you feel comfortable and make decisions with confidence. IF you do that then to me that is ENOUGH.

 

I don't disagree with you but traders should trade with a plan and not just with confidence. Confidence is necessary and so is a trading plan which will bring positive pips to the account.

Share this post


Link to post
Share on other sites

There is no specific trading strategy for a specific trading plan. Trading plan will make it simpler for you to get better results. It is similar to getting a GPS. The major goal of traders and trading plan should be consistent profits.

Share this post


Link to post
Share on other sites

There is no specific trading strategy for a specific trading plan. Trading plan will make it simpler for you to get better results. It is similar to getting a GPS. The major goal of traders and trading plan should be consistent profits.

 

Well said. If a trader has a long term vision for his trading then it can be of tremendous help for that trader to have a trading plan. Getting good result consistently is not an easy task but those who can do it will sure get well deserved reward.

Share this post


Link to post
Share on other sites

The terminal has to become your companion instead of being an unknown environment. You have to understand what all the features mean, how they work. You should know how the price moves and why does it do it.


Share this post


Link to post
Share on other sites

Lol remembered my first glance at the MT4 terminal. Those charts, the new platform made me think it was too complicated and uninstalled it. Later went to babypips school and got friendly with it slowly.

Share this post


Link to post
Share on other sites

 

The terminal has to become your companion instead of being an unknown environment. You have to understand what all the features mean, how they work. You should know how the price moves and why does it do it.

 

Traders also need to be able to improve their existing trading skills, so that traders can be more confident in being able to get better and be more leverage in surviving on real accounts, helped by trading plans so that traders can run increasingly focused trading.

Share this post


Link to post
Share on other sites

traders can increase trading opportunities if they are diligent in training and also discipline in choosing trading positions, with the help of analytical services provided by these trusted brokers can be very helpful in my trading performance

07df5de2857356432351fbe60dfc1b3f.png

Share this post


Link to post
Share on other sites

traders can increase trading opportunities if they are diligent in training and also discipline in choosing trading positions, with the help of analytical services provided by these trusted brokers can be very helpful in my trading performance

07df5de2857356432351fbe60dfc1b3f.png

Hello, are you trading with FreshForex, I saw a similar page on their website. I also trade with them, what do you think about the 200 % bonus currently on promotion? 

Share this post


Link to post
Share on other sites

if I prefer to run trading activities with Tickmill, this is needed so that traders can get better and be more leverage in generating profits that are in line with expectations when on a real account.

Share this post


Link to post
Share on other sites

Experience in trading is very essential. Sometimes experience provides immense help while trading. Saying that it is prudent keep updated to whatever happening in geopolitics, macro and micro events.

In any circumstances stop loss is a must.  

Share this post


Link to post
Share on other sites

Absolutely, it is only common sense this. There is no way anyone can always be right so we need to just make other factors work for ourself. And that is through right money management, which is not hard at all. I find it incredibly easier with FreshForex, as they got lovely 101% Tradable Deposit Bonus, which helps me with money management. Then there is also market analysis to help things in any situation.

Share this post


Link to post
Share on other sites

when traders have not been able to control trading properly, however good the trading system that we use will be difficult to implement with discipline because it is still influenced by capital and emotions to get a large and continuous profit

c8e19b7304729899300fb3d264ca13d0.png

Share this post


Link to post
Share on other sites

That's why traders must be able to get better and be more maximal in evaluating, this is needed so that traders can be more leverage in generating profits and minimizing the risks that are better than before.

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
Sign in to follow this  

×
×
  • Create New...