What helped you the most? | Forex Factory

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What helped you the most?

  • #1
  • First Post: Aug 17, 2018 12:48pm Aug 17, 2018 12:48pm
Hi. I'm Emanuel, I'm from Italy and I'm 23 years old. I started learning forex 1 and half year ago with decent results. I'm very interested in intraday trading and I would like to hear experiences from successful traders. What really helped you to became a profitable trader? What was the missing piece of the puzzle that turned you into a profitable trader?

Thanks in advance for your time
  • #2
  • Aug 18, 2018 2:44am Aug 18, 2018 2:44am
It looks a common question but really difficult to answer , to become profitable from Forex trading is a big deal , because it’s a long term process , never stop learning at all until acquiring most powerful analyzing trade knowledge . and always try to maintain real trading discipline.
  • #3
  • Aug 18, 2018 5:34am Aug 18, 2018 5:34am
Quoting emicovi
Hi. I'm Emanuel, I'm from Italy and I'm 23 years old. I started learning forex 1 and half year ago with decent results. I'm very interested in intraday trading and I would like to hear experiences from successful traders. What really helped you to became a profitable trader? What was the missing piece of the puzzle that turned you into a profitable trader? Thanks in advance for your time
Practice , practice & practice.
  • #4
  • Aug 18, 2018 6:44am Aug 18, 2018 6:44am
Can you suggest any thread here on FF to learn from ?
  • #5
  • Aug 18, 2018 11:59am Aug 18, 2018 11:59am
going only for best setups even if that means not trading for a week and closing bad trades asap with out emotion...
  • #6
  • Aug 18, 2018 1:52pm Aug 18, 2018 1:52pm
For me what seems to be helping is trading in some form all the time. as Zikrilrfan has said with Practice, Practice, Practice. Some books that helped me find a starting point have been as follows:

The Dow Theory - by Robert Rhea , specifically chapter 2

Trend Following - by Michael Covel ( the 5 questions to answer before you even enter a trade)

Reminiscences of a Stock Operator ‑ by Edwin Lefevre ( the mindset )

The Richest Man in Babylon - by George S. Clason (seven cures to a lean purse)

From that foundation i started asking better questions and have started to develop rules to trade by, Today i have rules, but i am left with the psychology of the trade, and learning to follow the rules i made for me.

I think it is important to create rules for yourself, in my opinion i think the wrong direction is to try to follow someone elses rules without taking in consideration yourself, your habits both good and bad, and the limitations as individuals we all have, that come in all sorts of shapes, sizes and degrees.

Good luck in your trading, and thank you for your time

Fred
Learning Forex One PiP at a Time
  • #7
  • Aug 18, 2018 5:17pm Aug 18, 2018 5:17pm
There is a thread, Weekly Pivot Trading with TDI
  • #8
  • Aug 18, 2018 11:24pm Aug 18, 2018 11:24pm
Quoting emicovi
Hi. I'm Emanuel, I'm from Italy and I'm 23 years old. I started learning forex 1 and half year ago with decent results. I'm very interested in intraday trading and I would like to hear experiences from successful traders. What really helped you to became a profitable trader? What was the missing piece of the puzzle that turned you into a profitable trader? Thanks in advance for your time
Lot size, Risk to Reward Ratio & Risk Management.
  • #10
  • Aug 19, 2018 3:26am Aug 19, 2018 3:26am
Quoting ZikriIrfan
{quote} Practice , practice & practice.
There is no way to ignore practice in Forex trading, but in spite of regular practice trading can be useless if there is no strong source of learning. So, make sure good learning process with regular practice.
  • #11
  • Aug 19, 2018 3:37am Aug 19, 2018 3:37am
Quoting emicovi
Can you suggest any thread here on FF to learn from ?
Here are some threads which could be helpful.

https://www.forexfactory.com/showthread.php?t=215394
The purpose of knowledge is action, not knowledge
  • #12
  • Aug 19, 2018 10:08am Aug 19, 2018 10:08am
Quoting mikeeating
The rags to riches thread lol
Ha, the guy on that is an absolute idiot. Blocks anyone who disagrees with him from posting.
  • #13
  • Aug 21, 2018 12:35am Aug 21, 2018 12:35am
Quoting plymgary
{quote} Ha, the guy on that is an absolute idiot. Blocks anyone who disagrees with him from posting.
That’s really unfortunate; I also see few members are too aggressive!
  • #14
  • Aug 23, 2018 8:25am Aug 23, 2018 8:25am
Quoting btcFX
What helped the most(and a lot of things helped) was joining a small trading group and all working together with a mentor.
add me too
  • #15
  • Sep 3, 2018 3:18am Sep 3, 2018 3:18am
Only trading knowledge can help us in this market place to lead a comfortable trading life with certainly, so pass a long time in here with regular practice. Hope everything will change.
  • #16
  • Sep 4, 2018 9:57am Sep 4, 2018 9:57am
Quoting AdamCrist
Only trading knowledge can help us in this market place to lead a comfortable trading life with certainly, so pass a long time in here with regular practice. Hope everything will change.
How long did it take you to learn to trade?
  • #17
  • Sep 4, 2018 10:44am Sep 4, 2018 10:44am
Been reading books and tried out different systems for 6 years without succes. Threw away every book/indicator/"system" and now im making BE/small profits.
Necessity knows no law except to conquer
  • #18
  • Sep 5, 2018 8:41am Sep 5, 2018 8:41am
Quoting 3ndlessHope
Been reading books and tried out different systems for 6 years without succes. Threw away every book/indicator/"system" and now im making BE/small profits.
You do have some sort of strategy, I assume?
  • #19
  • Sep 5, 2018 9:19am Sep 5, 2018 9:19am
Quoting mlawson71
{quote} You do have some sort of strategy, I assume?
Yes of course. I meant i threw away the indicator based systems found on forums.
Necessity knows no law except to conquer
  • #20
  • Sep 6, 2018 1:34am Sep 6, 2018 1:34am
Quoting emicovi
Hi. I'm Emanuel, I'm from Italy and I'm 23 years old. I started learning forex 1 and half year ago with decent results. I'm very interested in intraday trading and I would like to hear experiences from successful traders. What really helped you to became a profitable trader? What was the missing piece of the puzzle that turned you into a profitable trader? Thanks in advance for your time
I think persistence is one of those qualities of a trader that can help you become successful in forex. Being in the business of trading you will lose at some point. But if you are able to draw some worthwhile lessons from your defeats and hit back stronger it'll be really good. You need to be really good at seeing patterns and being more discerning. Besides this you should have a keen urge to learn and grow. So as AdamCrist said you need to practice regularly.
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