Menu
Sister Sites

Options

Bookmark Thread

First Page First Unread Last Page Last Post

Print Thread

Similar Threads

The Skill Check 107 replies

Poll: Is successful trading more dependent on skill than luck? 149 replies

The most important technical skill to learn 12 replies

Need luck or skill for trading? 232 replies

Need suggestion to improve skill 35 replies

Attachments: No skill in trading!
Exit Attachments

No skill in trading!

trading plan is most important particularly for the traders who are newcomers in trading , most of them trade with no analysis and become loser , trading plan should be practical always , otherwise it will not works. trading plan should make according to trading knowledge , experience , equity , risk managing approach and some inevitable part of trading.
Attached Image (click to enlarge)
Click to Enlarge Name: FX Pic.png Size: 4.3 MB
Quoting westomarke
{image}
Interesting chart; I liked your words; it looks very logical. Thanks mate.
Quoting ZikriIrfan
{quote} Interesting chart; I liked your words; it looks very logical. Thanks mate.
I always like post trade analysis and chart with comments what happen. It just hard to find here charts that shows you what will happen.
After a battle everyone is a general.
Whether you think you can, or you think you can't,you're right. H.F.
sometimes i quit on trading skill ,
because it not works for all time ,
its all about temporary .
Quoting Simply-Me
{quote} I always like post trade analysis and chart with comments what happen. It just hard to find here charts that shows you what will happen. After a battle everyone is a general.
And I see, you described very smartly; great job mate.
Quoting DemoForever
What can we compare learning to trade with? 1: Learning to play the piano? or 2: Trying to lose weight if your obese?

being profitable long term would be like riding a unicycle on top of a baskeball
As a rookie, ive learned that we learn from mistakes. Yes i was eager enough with the demo acc and went straight into trading and my acc got wiped out twice. Theres a price for learning and gain some knowledge. Its always the greed feeling that put one at a loss. To me yes we need some skill and knowledge rather than placement on gut feeling. For a layman trading is buy low sell high, nonpain no gain, only money makes money, high risk high return, higher capital higher gain. Some of it.
Thanks to some of my sifu for guidance. If not i wouldnt learn anytg. Just chill.
Quoting yanetjellen
{quote} being profitable long term would be like riding a unicycle on top of a baskeball
Yes, it’s hard but! Making profit doesn’t mean, 100% success ratio; basically 100% success ratio is impossible in trading.
there is nothing 100% in this stock market , so we should make practical trading plan that is achievable. otherwise our trading plan can make us loser.
Quoting GeorgeBaile
{quote} Yes, it’s hard but! Making profit doesn’t mean, 100% success ratio; basically 100% success ratio is impossible in trading.
the problem is i want to play every one like its the last trade on earth
Quoting yanetjellen
{quote} the problem is i want to play every one like its the last trade on earth
That’s the reality; a number of traders get super-excited after finding a entry point without verifying it’s quality.
The misconception that borderline illegal advertising has created is that trading is easy. "Open account, read book and trade today!!!"

To actually be worthwhile takes an extraordinary amount of time, effort, blood, sweat, tears and let's not kid ourselves, a certain amount of natural talent.
Humans are naturally hardwired to avoid and detest uncertainty.
skill is everything in Forex trading and there is no way to survive in here without most powerful analyzing trading skill ,but it not works for all time , for working your trading skill at all times do practice regularly , otherwise no way to survive.
What would you recommend to start? A demo version?
the most important thing in my opinion which is not really considered by traders is the act of actually failing and being able to stand the test of time and build a resistant skin when things dont go your way. Almost every trader is perfect and always in the right mind when things go well from a predictive point of view. the real deal is how one handles his/her self when things turn dark and unfavorable. trading is a personal experience everyone need to have with the markets. What works for a different trader might not work for you because we are all naturally different in our own ways. For a different trader holding a trade for 1 week is no issue but for another trader anxiety wont allow a peace of mind and so such a person would be more stable when trading systems that suit the lifestyle.
''If you trading cant be AUTOMATED it does not follow LOGIC''
I strongly contradict your opinion. Mastering the trading skill requires a lot of experience. You have to try out various strategies first and then work upon your own trading style. It’s only with practice that you are able to begin earning good profits. You may be fortunate to hit and try a trade and get good profits out of it; however that is not a permanent phenomenon.
I believe proper research and training is must to master this skill.
Quoting LanaBanana
What would you recommend to start? A demo version?
you can start Forex in a several way , first of all you have to en sure minimum basic knowledge by on line article or pre school level , then it is time to trade demo and after 3 month you can move on cent account , thats all.
Demo accounts can be helpful in starting forex trading with no requirement of actual funds in start.
I have to massively disagree. Whilst I agree to some degree that trading can be perceived as gambling, i do believe earning continuous profits does require some sort of skill.

Serious traders follow economic news and trade according to timing etc. Unlike actual gambling, forex trading does require one to know when to place a trade, what currencies to trade and when.
0 traders viewing now