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14 replies to this topic

#1
pipdmt

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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.


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#2
bredd

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Forex signals helped me lot. 


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#3
anton.blood

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Forex forums and discussion help me a lot on my trading.


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#4
Gee Dee

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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.

 


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#5
bearhugs

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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.


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#6
uncle gober

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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.


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#7
bearhugs

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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. 


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#8
uncle gober

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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.

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#9
Sininfinity

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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.


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#10
uncle gober

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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.

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#11
Alick Bannerman

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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.


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#12
bearhugs

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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.


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#13
Sininfinity

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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.


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#14
bearhugs

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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.


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#15
Sininfinity

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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.


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