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the most important things in forex

  • #161
  • Feb 28, 2019 1:02pm Feb 28, 2019 1:02pm
Central banks and sentiment
  • #162
  • Feb 28, 2019 9:40pm Feb 28, 2019 9:40pm
Quoting mlawson71
Discipline, yes, but also dedication, patience, willingness to learn. I wouldn't say any of these is more important than the rest.
successful trading is really a big deal and does not come without hard working , so many inevitable part of tradings we the traders have to ensure for bringing profit with certainly but all trading plan and program can be valueless if there is no regular practice on trading , so focus on practice besides learning and develop positive attitude on trading.
  • #163
  • Mar 1, 2019 10:18am Mar 1, 2019 10:18am
Are you still trading?
  • #164
  • Mar 1, 2019 10:51am Mar 1, 2019 10:51am
For me the most important thing in forex will definitely be having a personal experience with the markets, making a lot of trading mistakes as possible and finding out for yourself what works and what does not work so you can adjust your trading system based on that and also tune your psychological state to make sure you can stand the test of time and withstand when things dont go your way..
''If you trading cant be AUTOMATED it does not follow LOGIC''
  • #165
  • Mar 1, 2019 12:12pm Mar 1, 2019 12:12pm
Learning does not necessarily have to happen through trial and error alone (your own, that is). Plenty of people have already walked this path, learn from their experience and their wisdom too.
  • #166
  • Apr 7, 2019 5:08am Apr 7, 2019 5:08am
learning is a continuous process ,
there is no way to stop learning even after passing a long time ,
for that reason sometimes we traders lost interest.
  • #167
  • Apr 7, 2019 6:21am Apr 7, 2019 6:21am
Hi,

Most important thing in Forex for me is :

How to manage loss up to 20 times straightly before my balance can no longer do trading.

With this knowledge, I can learn how trade with real account.

  • #168
  • Apr 7, 2019 11:11am Apr 7, 2019 11:11am
Up to twenty times? I am not sure I follow.
  • #169
  • Apr 7, 2019 12:37pm Apr 7, 2019 12:37pm
Quoting SkunkWorks
How to manage loss up to 20 times straightly before my balance can no longer do trading.
risking 5%.. but losing 20 times means you need to trade only on demo
  • #170
  • Apr 7, 2019 6:19pm Apr 7, 2019 6:19pm
Quoting mlawson71
Up to twenty times? I am not sure I follow.
Quoting fx75
{quote} risking 5%.. but losing 20 times means you need to trade only on demo
20 times....it's for learning only.
Now I manage only 4 times...
  • #171
  • May 8, 2019 3:37am May 8, 2019 3:37am
Quoting fx75
{quote} risking 5%.. but losing 20 times means you need to trade only on demo
exactly ,
5% risk should be sustainable ,
if anyone cant tolerate this risk ratio when trading ,
i think it is more appropriate to trade in a demo minimum for 3-5 months.
  • #172
  • May 8, 2019 11:26am May 8, 2019 11:26am
Quoting MarkFxAnde
{quote} exactly , 5% risk should be sustainable , if anyone cant tolerate this risk ratio when trading , i think it is more appropriate to trade in a demo minimum for 3-5 months.
I agree. Some people trade on a demo account for up to a year.
  • #173
  • May 24, 2019 4:00am May 24, 2019 4:00am
actually , demo is a continuous process , i have passed a long time in Fx but still i am using demo where i use all my analysis to see the performance how it works. this approach always help me to avoid unfortunate losses and risks when trading in a live.
  • #174
  • May 25, 2019 2:49pm May 25, 2019 2:49pm
Quoting MarkFxAnde
actually , demo is a continuous process , i have passed a long time in Fx but still i am using demo where i use all my analysis to see the performance how it works. this approach always help me to avoid unfortunate losses and risks when trading in a live.
Exactly that`s why it`s good and must to use demo trading even if you`re experienced trader.
  • #175
  • May 29, 2019 2:37pm May 29, 2019 2:37pm
Quoting momo3HC
{quote} Exactly that`s why it`s good and must to use demo trading even if you`re experienced trader.
I see few negative threads on demo but till now I believe demo is the best way of learning Forex without any fee (money).
  • #176
  • May 30, 2019 4:51am May 30, 2019 4:51am
Quoting ZikriIrfan
{quote} I see few negative threads on demo but till now I believe demo is the best way of learning Forex without any fee (money).
i agree, i don't know why traders are against it, demo has been best for me since the beginning. how else you do test your strategies? i always do it on my demo account.
  • #177
  • May 30, 2019 10:07am May 30, 2019 10:07am
Quoting charles23
{quote} i agree, i don't know why traders are against it, demo has been best for me since the beginning. how else you do test your strategies? i always do it on my demo account.
Me neither. Demo has its uses and should be dismissed altogether, in my opinion.
  • #178
  • Jun 1, 2019 5:14am Jun 1, 2019 5:14am
Quoting mlawson71
Learning does not necessarily have to happen through trial and error alone (your own, that is). Plenty of people have already walked this path, learn from their experience and their wisdom too.
It's better to learn from your own mistakes though
  • #179
  • Jun 2, 2019 7:15am Jun 2, 2019 7:15am
Quoting ZikriIrfan
{quote} I see few negative threads on demo but till now I believe demo is the best way of learning Forex without any fee (money).
Negative threads about demo? WTF?
  • #180
  • Jun 5, 2019 12:39pm Jun 5, 2019 12:39pm
Some people disapprove of demo trading because the emotional pressure it's not the same when you trade like that.
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