If you could go back - one Forex thing you'd tell youself? | Page 3 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

What is the one thing that change for you? 2 replies

Could you tell me the name of this Indicator 2 replies

What is the one thing people get wrong when trading forex? 33 replies

One thing you would pass on 58 replies

The most simple thing you could ever do 0 replies

Attachments: If you could go back - one Forex thing you'd tell youself?
Exit Attachments

If you could go back - one Forex thing you'd tell youself?

  • #41
  • Aug 24, 2018 6:07am Aug 24, 2018 6:07am
Quoting EcoTrader
{quote} Yes, seems to be working out well, I had to recently move brokers by in total have made 110% in approx in the last 10 months.
I am glad it is working out. I myself prefer technical analysis, but to each their own.
  • #42
  • Aug 24, 2018 1:36pm Aug 24, 2018 1:36pm
Quoting EcoTrader
To forget charts or any sort of technical based trading.
Your are right EcoTrader, technical based trading, in my opinion, offers no real edge over time
  • #43
  • Edited 6:20pm Aug 24, 2018 5:07pm | Edited 6:20pm
I have only been trading for three months but a piece of good advice I read before I started that I have not seen in this thread is...

Keep a diary of all your trades with notes that include your reason for entering and your reason for exiting.

https://tradebench.com
Where did all these Repuglican Rightards come from?
  • #44
  • Aug 24, 2018 5:14pm Aug 24, 2018 5:14pm
Take Big risks *ssh*le !!!
  • #45
  • Aug 24, 2018 5:39pm Aug 24, 2018 5:39pm
Remove all the useless shit. Dont even pay attention to funnymentals, its all in the chart. Focus on how to read a chart. Be patient for your entries. Learn proper use of levels and patterns.
  • #46
  • Aug 24, 2018 7:02pm Aug 24, 2018 7:02pm
Quoting Rennaissance
Quit trading.
thanks god not everyone in here is fake

  • #47
  • Aug 24, 2018 7:04pm Aug 24, 2018 7:04pm
one more question
wheres the police ??? or they just fuck the lil ppl as always, yea slavery will never finish, it just change the style

indeed
  • #48
  • Aug 24, 2018 8:17pm Aug 24, 2018 8:17pm
1-Never start with large deposit start with small amount and grow it and never try to deposit more money.

2-Never invest all time and hopes in forex, it's great to be successful forex trader and get high return on your investments in that field, but that's take years and no guarantee that will work at the end, so invest time to learn things more useful not just forex all the time .

3-never listen and follow all Gurus they are fake and unfortunately i was have successful trade before but because i read article to one of those Gurus instead of stuck to my trading way i started gamble and open unnecessary trades and i lost everything which was high amount of money.

4- i am not regret about anything else , without bad experiments and times , i wasn't reach to my current level now .
  • #49
  • Aug 25, 2018 12:04am Aug 25, 2018 12:04am
Quoting Protector
{quote} I would tell to demo trade only until profitable consistently for at least 1 month.
It is minimum one year based on what I know now. I am a demo trader with parallel live trader For the remainder of my journey. Got an itch...use demo, need to do anything outside of trading plan, do it in demo....I got a handful of terminals running demo just for this reason. ...plus Search ."Trading cost multiple" on the factory in order to mimic demo performance closer to live. It is the best method to ensure (not gaurantee) success with live trading.
Staying in my lane...
  • #50
  • Aug 25, 2018 12:18am Aug 25, 2018 12:18am
Quoting VEEFX
{quote} It is minimum one year based on what I know now. I am a demo trader with parallel live trader For the remainder of my journey. Got an itch...use demo, need to do anything outside of trading plan, do it in demo....I got a handful of terminals running demo just for this reason. ...plus Search ."Trading cost multiple" on the factory in order to mimic demo performance closer to live. It is the best method to ensure (not gaurantee) success with live trading.
This is most true: "Got an itch...use demo." I'm currently experimenting with some things but, on a live account, and I got caught on the wrong side of CADJPY. I don't wish I were on demo because this is what I wanted to do but for others, I would definitely recommend to test out itches on demo.
  • #51
  • Aug 25, 2018 12:01pm Aug 25, 2018 12:01pm
My best advice to me would be to not just gloss over Steve Nisson's Japanese Candlestick Trading, and think yeah, sorted, great, got that, BUT to read it properly and thoroughly, learn it, and realise the most important thing is not the candle signals, but the context they are in, without the context it don't work.
  • #52
  • Aug 27, 2018 7:15am Aug 27, 2018 7:15am
Quoting Bushy
My best advice to me would be to not just gloss over Steve Nisson's Japanese Candlestick Trading, and think yeah, sorted, great, got that, BUT to read it properly and thoroughly, learn it, and realise the most important thing is not the candle signals, but the context they are in, without the context it don't work.
That is exactly what I did and I can say that it has definitely paid off over the years.
  • #53
  • Aug 28, 2018 1:42pm Aug 28, 2018 1:42pm
1 . Give yourself time to learn ( think 5 to 10 year goal)

2. Drink water instead of coffee and dont become hypertensive like i did

3. create rules to cover 5 questions of the trade ,
question(1) How much to trade
question (2) when do i enter for a buy
Question (3) When do i enter for a sell
Question (4) When do i exit with a loss
Question (5) When to i exit with a Profit,

Have each of those questions answered before you hit the submit button on the trade

4. Remember your trading the Price: wheat, corn, the dollar or IBM whatever it is.

I love the comment dont start with big account, i wish i had that advice before i started, i sunk 26K into Gain Capital (forex.com) and did not even open a Demo, sorry Grandfather....
unearned money is the easiest to spend and use foolishly

Thank you for your time
Learning Forex One Pip at a Time
Fred

May the Pips be ever in your favor
Learning Forex One PiP at a Time
  • #54
  • Aug 28, 2018 2:20pm Aug 28, 2018 2:20pm
1. Find a timeframe that works for your trading mentality/psyche
2. Scale back on your trade size
3. It’s not about being right it’s about winning
4. Let the trade come to you, don’t chase it
5. Give your trades time to evolve
6. Let your winners run
  • #55
  • Aug 28, 2018 2:28pm Aug 28, 2018 2:28pm
Quoting Larshw
1. Find a timeframe that works for your trading mentality/psyche
So true Larshw, I think you can also look at each currency pair as having a personality of its own as well, and finding a match there is good as well
Learning Forex One PiP at a Time
  • #56
  • Aug 28, 2018 2:34pm Aug 28, 2018 2:34pm
Tbh, I wouldn't change a damn thing. I lost consistently for three years, on live accounts consistently before finally starting to make profit and i'm in my 7th year of being a full time retail trader. Without the losses, trials and errors, I wouldn't be trading today.
  • #57
  • Aug 28, 2018 3:03pm Aug 28, 2018 3:03pm
Be ready for a lot of frustration, be patient, KISS (Keep It Simple, Stupid)
Not opening a trade is a strategy.
Live to trade another day.
  • #58
  • Aug 28, 2018 3:04pm Aug 28, 2018 3:04pm
Trade what you see not what you want. .....
Trade fearless not careless...
Syed Mohsin Ali Profit This Month: -299
  • #59
  • Aug 28, 2018 3:28pm Aug 28, 2018 3:28pm
These are great! Keep them coming...

I would tell myself: "It really doesn't have to be complicated to make money, keep it simple and wait for the right trades".
  • #60
  • Aug 28, 2018 3:30pm Aug 28, 2018 3:30pm
I'd tell myself to not trade forex, it's a losing game.
0 traders viewing now