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the most important things in forex

  • #221
  • Sep 6, 2020 9:05am Sep 6, 2020 9:05am
Quoting mlawson71
{quote} True. And yet so many people overlook that, it's bizarre.
I think that's because most other tasks in life don't really require any mental preparation other than concentration. Even when one works or reads, all that is required is your body to be stably seated and your mind to focus.
  • #222
  • Sep 7, 2020 4:12am Sep 7, 2020 4:12am
the most important thing is forex trading is patience which is most important , because human are short tempered and they try to bring profit with no learning.
  • #223
  • Sep 7, 2020 4:47am Sep 7, 2020 4:47am
patience and risk management
  • #224
  • Sep 7, 2020 5:48am Sep 7, 2020 5:48am
Trading plan and strategy.
  • #225
  • Sep 8, 2020 2:54am Sep 8, 2020 2:54am
any kind of trading strategies can be useless if there is no exact money management , so we the traders have to emphasis on our MM, otherwise no way to develop trading result.
  • #226
  • Sep 8, 2020 5:28am Sep 8, 2020 5:28am
Quoting MihasEder
Trading plan and strategy.
A trading plan is definitely one of the most important things which most people skip out too.
  • #227
  • Sep 8, 2020 8:51am Sep 8, 2020 8:51am
Quoting tim12
{quote} A trading plan is definitely one of the most important things which most people skip out too.
They really do and it leads to so many wiped out accounts. It doesn't help that many brokers encourage that sort of thing.
  • #228
  • Sep 9, 2020 6:43am Sep 9, 2020 6:43am
The most important things in forex are patience and knowledge.
  • #229
  • Sep 9, 2020 9:35am Sep 9, 2020 9:35am
Quoting Adrus
The most important things in forex are patience and knowledge.
I would add discipline as well. One needs all three to be successful.
  • #230
  • Sep 10, 2020 2:01am Sep 10, 2020 2:01am
here are some basic tips that helps any beginner to start trading in forex in a smooth way.
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  • #231
  • Sep 10, 2020 3:06am Sep 10, 2020 3:06am
same post i have seen in pips forum,
by the way all tips are most valuable and effective for the traders who are particularly newcomers.
  • #232
  • Sep 10, 2020 3:21am Sep 10, 2020 3:21am
Quoting mlawson71
{quote} I would add discipline as well. One needs all three to be successful.
You said it right!
  • #233
  • Sep 10, 2020 3:25am Sep 10, 2020 3:25am
The most important thing in Forex is money management and risk rewards. Money Management and Risk Rewards If a trader is good, he will one day succeed in trading. If I ever lose money in trading, I cover that loss by applying the risk-reward formula. And money management protects my investment.
  • #234
  • Sep 10, 2020 7:09am Sep 10, 2020 7:09am
The most important thing in forex trading is a good broker. Without a good broker it is quite tough to make money form this risky market.
  • #235
  • Sep 10, 2020 7:29am Sep 10, 2020 7:29am
I just started trading and i am kind of stuck in my plan development stage is there any tips to help? Or do i just need more knowledge because ive been working hard on the patience part of things lol.
  • #236
  • Sep 10, 2020 7:25pm Sep 10, 2020 7:25pm
Quoting SG3
I just started trading and i am kind of stuck in my plan development stage is there any tips to help? Or do i just need more knowledge because ive been working hard on the patience part of things lol.
Hi SG3,
1. Load up on basic trading know-how and news.
- https://www.babypips.com/learn
- https://www.actionforex.com/category/technical-outlook/
- https://www.dailyfx.com/
- https://www.marketwatch.com/
- https://www.forexfactory.com/calendar

2. Basically, if you have gone thru the whole of Babypips education, you would have an idea what style, money management etc that suits you.
3. Check out the Forex Factory Forum ""Interaction Trading"" threads to see how they trade in real time. Although, take note, not all are trading with real money. Beware fake gurus. Do not blindly copy trades.
Good Luck!
  • #237
  • Sep 10, 2020 8:59pm Sep 10, 2020 8:59pm
Profits are never possible without discipline in trading. Every trade should be planned. Money management and risk management are important in trading. If a trader follows these two important issues and trades, he will never get lost in the Forex market.
  • #238
  • Sep 11, 2020 8:48am Sep 11, 2020 8:48am
Quoting DeanLittler
Profits are never possible without discipline in trading. Every trade should be planned. Money management and risk management are important in trading. If a trader follows these two important issues and trades, he will never get lost in the Forex market.
I never say never, because Forex market is so volatile, but I do agree that what you listed does help a lot.
  • #239
  • Sep 14, 2020 11:53am Sep 14, 2020 11:53am
Quoting OxyGen_FX
{quote} Hi SG3, 1. Load up on basic trading know-how and news. - https://www.babypips.com/learn - https://www.actionforex.com/category/technical-outlook/ - https://www.dailyfx.com/ - https://www.marketwatch.com/ - https://www.forexfactory.com/calendar 2. Basically, if you have gone thru the whole of Babypips education, you would have an idea what style, money management etc that suits you. 3. Check out the Forex Factory Forum ""Interaction Trading"" threads to see how they trade in real time....
Thank you i appreciate the help!
  • #240
  • Oct 6, 2020 2:02am Oct 6, 2020 2:02am
Quoting mlawson71
{quote} I would add discipline as well. One needs all three to be successful.
You said it right.
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