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Forex - Tips for happy trading

  • #41
  • May 29, 2018 2:37am May 29, 2018 2:37am
Quoting mlawson71
{quote} I agree, there are a lot of scammers out there. It's incredibly important to research your broker before singing up - who are they, who owns them, who regulates them, how transparent are they about their business, etc. etc. If you find any conflicting information, best move onto the next one and begin the whole process all over again.
Mate, what you think about broker regulation? You always believe the importance of regulation when choosing a broker?
  • #42
  • May 29, 2018 5:24am May 29, 2018 5:24am
broker regulation is important or not , its really a complicated issue to answer.
  • #43
  • Jun 1, 2018 4:26am Jun 1, 2018 4:26am
Discipline can never be over-emphasized. Always follow your checklist.
  • #44
  • Jun 1, 2018 5:51am Jun 1, 2018 5:51am
Quoting AlexImam
broker regulation is important or not , its really a complicated issue to answer.
It's definitely important, in my opinion. Regulators ensure that the brokers are who they say they are and provide the services they say they do.
  • #45
  • Jun 3, 2018 4:46pm Jun 3, 2018 4:46pm
Quoting forex mega
Here is some tips for happy trading : 1. Use Simple Method, 2. Use fix Lot Size, Never increase or decrease it. Same with TP SL 3. Use 5% capital at a time 4. Never Over confidence 5. Limited Trading : Set time for trade, never trade anytime 6. Forgot Sentiment 7. Satisfied with 65% winining rates (you are in 15% profit dear) 8. Forex is a trade, not a gamble. 9. Forex is a part time profession, never make it full. 10.Pray that you will follow these.
Nice tips indeed. I want to add something. There is some misconception among new traders. They think within 3 to 6 months they can be enough skilled to make to money by trading. They are not willing to give time in learning. They are in hurry. As a result they lose years after years. And what they learn? Nothing!
  • #46
  • Jun 4, 2018 12:42am Jun 4, 2018 12:42am
And don't forget to buy your friend dinner if you get some profit.
  • #47
  • Jun 4, 2018 3:52am Jun 4, 2018 3:52am
Quoting mlawson71
{quote} It's definitely important, in my opinion. Regulators ensure that the brokers are who they say they are and provide the services they say they do.
which regulation is more appropriate for leading a secure and comfortable trading life with certainly.
  • #48
  • Jun 4, 2018 5:27am Jun 4, 2018 5:27am
Quoting AdamCrist
{quote} which regulation is more appropriate for leading a secure and comfortable trading life with certainly.
Generally speaking, I put my trust in the British regulator FCA and the Australian ASIC, for the most part, as well as most EU regulators.
  • #49
  • Jun 6, 2018 3:07am Jun 6, 2018 3:07am
Quoting mlawson71
{quote} Generally speaking, I put my trust in the British regulator FCA and the Australian ASIC, for the most part, as well as most EU regulators.
There is any guarantee that regulated brokers are always safe and sounds for traders ?
  • #50
  • Jun 6, 2018 6:12am Jun 6, 2018 6:12am
Quoting AdamCrist
{quote} There is any guarantee that regulated brokers are always safe and sounds for traders ?
Some regulators enforce their rules pretty stringently and have compensatory schemes for when the broker does fail. I know the FCA, at least, has such a scheme.
  • #51
  • Jun 14, 2018 4:13am Jun 14, 2018 4:13am
number:9... i don't agree mate, i have never found at any guys who is a part timer and already successful from this stock market. so being a par timer i haver see there is any good chance.
  • #52
  • Sep 12, 2020 3:47am Sep 12, 2020 3:47am
Clear mind before start trading. Take a break after losing trade. Don’t make same mistake twice.
  • #53
  • Sep 12, 2020 7:25am Sep 12, 2020 7:25am
Quoting Niels.Lar
Clear mind before start trading. Take a break after losing trade. Don’t make same mistake twice.
I completely agree. Unfortunately, those things are easy in theory but not so easy in practice, for some reason.
  • #54
  • Sep 24, 2020 12:15pm Sep 24, 2020 12:15pm
Make a good trading plan to make money from this market consistently.
  • #55
  • Sep 29, 2020 6:14am Sep 29, 2020 6:14am
That's correct. It's easy to get psychologically burdened by trading as it takes a toll on your body and mind. It tests your character so anyone who wants to start trading should make a certain amount of mental preparation.
  • #56
  • Last Post: Sep 29, 2020 8:02am Sep 29, 2020 8:02am
To follow all these rules one must be discipline. That's why discipline is the key. It takes a lot of time to make it under control. We repeatedly need to remember what needs to do.
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