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Forex - Tips for happy trading

  • #21
  • Aug 2, 2017 2:11pm Aug 2, 2017 2:11pm
In the first post amazing money management rules were described. Newbies, take notes.
  • #22
  • Aug 3, 2017 9:49am Aug 3, 2017 9:49am
Figure out whether you prefer to follow the trend of trade against the trend.
Both approaches have pros and cons and both can be a good strategy if you know what you are doing. Personally, I think that every trader should make their mind up for themselves and decide which one they want to stick to.
  • #23
  • Aug 3, 2017 11:42am Aug 3, 2017 11:42am
Thanks MLa. Got something new from here in particularly the set up and using proper stop loss.
but about managing the risk was common language
  • #24
  • Aug 12, 2017 9:38am Aug 12, 2017 9:38am
Quoting forex mega
Here is some tips for happy trading : 1. Use Simple Method, 2. Use fix Lot Size, Never increase or decrease it. Same with TP SL 3. Use 5% capital at a time 4. Never Over confidence 5. Limited Trading : Set time for trade, never trade anytime 6. Forgot Sentiment 7. Satisfied with 65% winining rates (you are in 15% profit dear) 8. Forex is a trade, not a gamble. 9. Forex is a part time profession, never make it full. 10.Pray that you will follow these.
Not agree with your 9-number point! Why not full-time trading? Yes, it’s a challenging business but there have so many full-time traders here!
  • #25
  • Aug 12, 2017 10:08am Aug 12, 2017 10:08am
There is no happy trading. Trading is stressful n this is its nature. dont fool urself
WaBaS Where are Buyers and Sellers
  • #26
  • Aug 14, 2017 12:36am Aug 14, 2017 12:36am
Quoting mr.brown
There is no happy trading. Trading is stressful n this is its nature. dont fool urself
Maybe it’s for low skilled & new traders! But I have seen, many successful Forex traders are doing their trading quite comfortably. But, I don’t mean that they are making 100% profit here! I meant, they are enjoying their trading life!
  • #27
  • Aug 14, 2017 1:03am Aug 14, 2017 1:03am
I've traded options on the US market, shares, indexs, cfd's and along the way bought a few trading programs promising the earth and giving a shovelful of mud. I have spent the last 6 weeks 10 hours a day learning forex, using demo accounts and downloading every bit of free training, webinars, charting software etc etc. I have been live trading since the 31/07/17 only 0.01 lot although I am now up to 0.02 as of this week. I have every day made at least 1% on my capital. My question is, in another 2 weeks if I remain consistent I will be trading $10,000, will I stick with my trading plan or will I freak out when I am placing larger monetary trades??
BUT, I love it,,, I am in charge of my own destiny and no one tells me what to do, I f I can make over 1% per day on $10,000 then I will be even more happy.. Happiness is a state of mind not a state of my bank account. Happy Trading, have a great week, I intend to !
  • #28
  • Sep 6, 2017 7:21am Sep 6, 2017 7:21am
Traders with “attitudes” in my experience are rarely successful. Attitudes of negativity, critical, “they are always out to get me,” stubbornness and just a general sense of sourness in one’s approach to life – can be limiting as a trader. If you want happy trading, you have to psychologically strong and you have to have good knowledge of forex and need to choose a good broker. With my broker I am doing happy trading.
  • #29
  • Sep 7, 2017 2:44am Sep 7, 2017 2:44am
I really appreciate your contribution! Really, using a fixed trading lots size s very important parameter for the new traders! Because, discipline is one of the most important quality here, without having it no one can success here! You have added here 10 good points on Forex trading! By the why, 65% profit ratio would be enough, if traders have good sense on profit ratio! High profit ratios recover losing trades so quickly.
  • #30
  • Sep 7, 2017 4:22am Sep 7, 2017 4:22am
Actually how much profit ratio is more appropriate it completely depend on trading balance with trading skill. As a scalper I always try to earn 55% according to my trading balance because my trading approach scalping always contains huge risk.
  • #31
  • Sep 7, 2017 4:38am Sep 7, 2017 4:38am
If you are a scalper please focus on how to minimize the risk when scalping .
55% earning according to your trading by scalping is not easy at all times . can you share what actually risk management you have ?
  • #32
  • Sep 20, 2017 3:45am Sep 20, 2017 3:45am
Quoting JamesFaulkn
If you are a scalper please focus on how to minimize the risk when scalping . 55% earning according to your trading by scalping is not easy at all times . can you share what actually risk management you have ?
By means of scalping approach that’s possible to earn maximal if you can ensure most lowest trading spreads. Otherwise not.
  • #33
  • Sep 27, 2017 7:27am Sep 27, 2017 7:27am
Using a complicated trading method is always dangerous! Because, Forex movements are complicated so traders have to use here neat and clean trading systems! By the way, I have objection about your full time and part time’s opinion! It’s an open platform, so no problem if traders are making money regularly.
  • #34
  • Dec 8, 2017 4:17am Dec 8, 2017 4:17am
Quoting mr.brown
There is no happy trading. Trading is stressful n this is its nature. dont fool urself
I think, trading is always challenging! Even, pro traders also use the stop-loss trading position that means, there is no certainty! In addition, without proper trading knowledge trading is always stressful.
  • #35
  • Dec 9, 2017 2:17am Dec 9, 2017 2:17am
Quoting Majeeda
{quote} I think, trading is always challenging! Even, pro traders also use the stop-loss trading position that means, there is no certainty! In addition, without proper trading knowledge trading is always stressful.
might be true on ur side w demo or 0.01 lots
WaBaS Where are Buyers and Sellers
  • #36
  • Dec 9, 2017 5:26am Dec 9, 2017 5:26am
I took Fx as a matter of first importance as low maintenance work yet didn't get the outcome that I have anticipated. What's more, I have never discovered any individual who is part timer and furthermore productive. We must be full time Fx trader in the event that we need to get maximal outcome from our trading. Forex isn't a simple business yet it's frequently our decision which places us into inconvenience and influences us to lose. Along these lines, we must be insightful with decisions we make whether to do with brokers, with making speculations or when to work exchanges, it's all fundamental to be on the check!
  • #37
  • May 22, 2018 5:26am May 22, 2018 5:26am
Good broker , good knowledge with Money management = happy trading for all time.
  • #38
  • May 22, 2018 7:19am May 22, 2018 7:19am
Quoting NathanAstel
Good broker , good knowledge with Money management = happy trading for all time.
Also, patience, good discipline, always trading with a level head rather than driven with emotions.
  • #39
  • May 25, 2018 5:11am May 25, 2018 5:11am
Quoting NathanAstel
Good broker , good knowledge with Money management = happy trading for all time.
broker is a big deal right now especially when it is time to choose a right one , because more than thousands of brokers are available in this market place and most of them are found to be scams.
  • #40
  • May 25, 2018 7:53am May 25, 2018 7:53am
Quoting AlexImam
{quote} broker is a big deal right now especially when it is time to choose a right one , because more than thousands of brokers are available in this market place and most of them are found to be scams.
I agree, there are a lot of scammers out there. It's incredibly important to research your broker before singing up - who are they, who owns them, who regulates them, how transparent are they about their business, etc. etc. If you find any conflicting information, best move onto the next one and begin the whole process all over again.
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