What helped you the most to be profitable? | Page 18 | Forex Factory

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What helped you the most to be profitable?

  • #341
  • Jun 21, 2018 2:50am Jun 21, 2018 2:50am
Everyone, every trader has their own truth.
Bottomless wonders spring from simple rules, which are repeated without end
  • #342
  • Jun 23, 2018 9:15am Jun 23, 2018 9:15am
Quoting JsnSolomon
I learn from pros in a so far very appealing package. Started not a long time ago but so far I'm very satisfied with the outcome. Video lessons, quizzes, 1-1 mentoring sessions, webinars and a demo account with real-time market data. I will spend plenty more time before I go on a live account though...
How is that going? Are you pleased with the results?
  • #343
  • Jun 24, 2018 5:53am Jun 24, 2018 5:53am
I was follow some expert trading signal...with small amount..
  • #344
  • Jul 7, 2018 8:22am Jul 7, 2018 8:22am
Quoting JimmieKip
I was follow some expert trading signal...with small amount..
How do you know to trust them?
  • #345
  • Feb 12, 2020 4:48am Feb 12, 2020 4:48am
The more you learn the less you know...
Jack of all trade (many pairs) master of none.
It was changed my thinking to stick with one real one.
Cheers...
Trade fearless not careless...
Syed Mohsin Ali Profit This Month: -2,370
  • #346
  • Feb 12, 2020 9:30am Feb 12, 2020 9:30am
It's true, unfortunately. Sometimes I feel like I was lot more confident as a newbie because back then I was not aware how much I didn't know.
  • #347
  • Feb 16, 2020 8:41pm Feb 16, 2020 8:41pm
Every other trader is following expert trading signals and making money. The reason is they are not to trade alone and take risk with their own mind.
  • #348
  • Feb 19, 2020 8:49am Feb 19, 2020 8:49am
It depends on the trader providing the signals. You can either luck out and happen upon a skillful one or... you don't. And that hurts.
  • #349
  • Feb 19, 2020 9:19pm Feb 19, 2020 9:19pm
Ourselves, I mean our psychological condition, then the fund; money it self, and the last one is technique.
  • #350
  • Feb 20, 2020 9:30am Feb 20, 2020 9:30am
I, personally, would rate the strategy a little higher because you can accumulate funds if you are patient and your strategy is sound.
  • #351
  • Feb 21, 2020 6:11am Feb 21, 2020 6:11am
I think money management is the best. Most beginner losing money because they start trading with greedy, they think they can multiply their account within seconds.
Then forex need discipline in learning, demo account first
I do not recommend anything, please blame me not. Thanks
  • #352
  • Feb 21, 2020 9:35am Feb 21, 2020 9:35am
Yes, usually those beginners lose the money in seconds instead.
  • #353
  • Feb 28, 2020 9:48am Feb 28, 2020 9:48am
Question: What helped you the most to be profitable?

Answer: Overcoming my emotions.
Learn from your mistakes and march on.
  • #354
  • Feb 29, 2020 3:33am Feb 29, 2020 3:33am
Quoting here2there
Question: What helped you the most to be profitable? Answer: Overcoming my emotions.
That’s really great! I am sure, your long time trading experience is your main strength in this case! Well done!
  • #355
  • Mar 1, 2020 9:10am Mar 1, 2020 9:10am
Long experience certainly does help to become a good trader but it is not everything.
  • #356
  • Mar 1, 2020 9:19am Mar 1, 2020 9:19am
Quoting GeorgeBaile
{quote} That’s really great! I am sure, your long time trading experience is your main strength in this case! Well done!
When it comes to trading, my mistakes have always been my best instructors.
Learn from your mistakes and march on.
  • #357
  • Mar 2, 2020 4:31am Mar 2, 2020 4:31am
Quoting here2there
{quote} When it comes to trading, my mistakes have always been my best instructors.
Nice to see your response! Correct; trading mistakes are our main source of learning!
  • #358
  • Mar 3, 2020 1:31am Mar 3, 2020 1:31am
Quoting GeorgeBaile
{quote} Nice to see your response! Correct; trading mistakes are our main source of learning!
True. Nobody's trading journey is an easy path or a straight road. I have also made some mistakes but always make it a point to learn form them for a better performance.
  • #359
  • Mar 3, 2020 10:51pm Mar 3, 2020 10:51pm
here i am still struggling to be profitable consistently.
  • #360
  • Mar 7, 2020 4:48am Mar 7, 2020 4:48am
Question: What helped you the most to be profitable?

Answer: Good money management. Not being greedy is a major key and always having a stop loss. Remember, FX is not gambling, its a system of probabilities. You must be willing to take on losses and not be emotionally attached to these losses. Have a FX strategy and stick to it if it helps you win at least 30% of the time. You don't always have to win, but have a good risk to reward ration on trades, i use 3:1 and only risk 1%-2% of my account depending on how good the trade is.

And please i cant stress this enough, listen to a few audio books. I can recommend some if anyone is interested.

All the best !
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