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Is Forex reliable?

  • #321
  • Oct 15, 2018 11:17pm Oct 15, 2018 11:17pm
Quoting mlawson71
{quote} True. The more you learn about trading, the more you realize you know very little.
And the more you learn, more you come to know that how more you still have to learn.
  • #322
  • Oct 16, 2018 7:41am Oct 16, 2018 7:41am
Make sure good knowledge with large amount , any business can be reliable for you.
  • #323
  • Oct 16, 2018 10:38am Oct 16, 2018 10:38am
Quoting Alvinjack
{quote} And the more you learn, more you come to know that how more you still have to learn.
I agree. I think that applies to any area of knowledge and that realization always comes with education and enlightenment.
  • #324
  • Oct 16, 2018 11:29am Oct 16, 2018 11:29am
Quoting AdamCrist
Make sure good knowledge with large amount , any business can be reliable for you.
you cant consider this stock market with other business platforms , its completely different from others.
  • #325
  • Oct 17, 2018 1:00am Oct 17, 2018 1:00am
forex can be reliable only if you really know what you're doing and not just doing it for the sake of it.
  • #326
  • Oct 17, 2018 3:30am Oct 17, 2018 3:30am
yes it is, just you have to make sure better learning process first of all , if you want to earn from here.
  • #327
  • Oct 17, 2018 10:01am Oct 17, 2018 10:01am
Quoting AdamCrist
yes it is, just you have to make sure better learning process first of all , if you want to earn from here.
I cannot stress enough how important it is to be organized about your learning process. Don't jump randomly from topic to topic, focus on a few things, cover them as much as you can, focus on another few, and so on.
  • #328
  • Oct 17, 2018 3:55pm Oct 17, 2018 3:55pm
in Forex trading , there is no way to jump over , its a continues process , until the end of time learning can never stop.
  • #329
  • Oct 30, 2018 2:50am Oct 30, 2018 2:50am
Quoting mlawson71
{quote} I cannot stress enough how important it is to be organized about your learning process. Don't jump randomly from topic to topic, focus on a few things, cover them as much as you can, focus on another few, and so on.
Very true. It's way important to be organized in process especially for beginners. And in the process, skipping small can make lot of misunderstanding in later topics. Self-examination is needed for learning and trading forex.
  • #330
  • Oct 30, 2018 10:20am Oct 30, 2018 10:20am
Quoting Fide
{quote} Very true. It's way important to be organized in process especially for beginners. And in the process, skipping small can make lot of misunderstanding in later topics. Self-examination is needed for learning and trading forex.
I wish I knew and understood these things when I first started out. I spent a few years bumbling about and losing money because of it.
  • #331
  • Oct 30, 2018 8:08pm Oct 30, 2018 8:08pm
Quoting mlawson71
{quote} I wish I knew and understood these things when I first started out. I spent a few years bumbling about and losing money because of it.
Mate, honestly! It’s not possible to understand these important things in the beginning stage; it’s such a long time to adsorb.
  • #332
  • Oct 31, 2018 10:39am Oct 31, 2018 10:39am
Quoting GeorgeBaile
{quote} Mate, honestly! It’s not possible to understand these important things in the beginning stage; it’s such a long time to adsorb.
Perhaps. Sometimes I think that if I had an actual mentor at the time I would have made fewer mistakes, but it's too late for regrets now. Thank you for the kind words.
  • #333
  • Nov 4, 2018 4:48am Nov 4, 2018 4:48am
Quoting mlawson71
{quote} Perhaps. Sometimes I think that if I had an actual mentor at the time I would have made fewer mistakes, but it's too late for regrets now. Thank you for the kind words.
Absolutely; but the problem is: mentor is not available here & there! Even, they are (professional mentors) very much costly!
  • #334
  • Nov 5, 2018 7:04am Nov 5, 2018 7:04am
Quoting GeorgeBaile
{quote} Absolutely; but the problem is: mentor is not available here & there! Even, they are (professional mentors) very much costly!
True. The person who got me into trading was learning too at the time himself, so he couldn't exactly be a mentor. And when I did look for someone more knowledgeable all the people I found were more interested in selling me stuff than actually teaching me.
  • #335
  • Nov 10, 2018 8:27am Nov 10, 2018 8:27am
Quoting mlawson71
{quote} True. The person who got me into trading was learning too at the time himself, so he couldn't exactly be a mentor. And when I did look for someone more knowledgeable all the people I found were more interested in selling me stuff than actually teaching me.
I am so sad! But it’s true! This is why, I always avoid so called paid courses!
  • #336
  • Nov 11, 2018 6:56am Nov 11, 2018 6:56am
Quoting GeorgeBaile
{quote} I am so sad! But it’s true! This is why, I always avoid so called paid courses!
It is what it is, unfortunately. There are, probably, some paid courses out there that really will teach you useful things, but I am yet to find them.
  • #337
  • Nov 12, 2018 2:31am Nov 12, 2018 2:31am
yes i agree, some paid courses are really different from others and supportive to trade well , but in practical difficult to find right one , and some courses cost is too high for the beginners level.
  • #338
  • Edited 4:04am Nov 13, 2018 12:51am | Edited 4:04am
I think it's better to use long-term strategy robot rather than wasting time learning it. Why? because leaning a strategy is not a big deal but sticking to it is really hard. I found many forex traders continuously switching strategies just because they couldn't able to trust any of it.

Anwer is: Every strategy is good, you just have to stick to it & strictly follow the rules. Otherwise, no strategy will be good for you & even after 1000 years you still gonna be a loser.

But, using long-term trading robot will help you to bypass this problem, as this robot will trade with strict rules without any foolish human's emotions at all. Like a pro trader.
  • #339
  • Nov 13, 2018 3:57am Nov 13, 2018 3:57am
Quoting Xrin
I think it's better to use long-term strategy robot rather than wasting time learning it. Why? because leaning a strategy is not a big deal but sticking to it is really hard. I found many forex traders continuously switching strategies just because they couldn't able to trust any of it. Anwer is: Every strategy is good, you just have to stick to it & strictly follow the rules. Otherwise, no strategy will be good for you & even after 1000 years you still gonna be a loser. But, using long-term trading robot will help you to bypass this problem, as...
I agree with the fact a strategy robot removes a lot of the emotional pitfalls you might fall into on a discretionary level. However, you can't say "every strategy is good". Not all are good, because simply some don't have an edge. And having an edge is the most overlooked subject regarding strategies. So adding to what you said, Every strategy that has an edge is good, you just have to stick to it. Of course you could go deeper and add that some strategies are only valid on certain instruments, or on certain timeframes.
  • #340
  • Nov 14, 2018 9:38am Nov 14, 2018 9:38am
emotions is a very common human nature that we generally cant control when trading practically despite of good knowledge and experience, for that reason we have to move on automated trading system where any emotions not works.
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