Top 10 things....

How about the Top Ten things you used to think when you were
first starting out. A beginner trading in the Forex Market. Here goes:

10) How do I roll over at 5PM ? Is this like my 401K ?

9) Who is Tom Next and how does he have access to my account? Does he work there ?

8) What number do I dial to make a margin call ? Is this long distance ?

7) 200:1 ?? That must be part of my account number ? I don't know.

6) F. O. M. C. !!! Hey, same to you buddy. Watch your mouth.

5) I can't trade Kiwi, I haven't even read the crop report. How many bushels this year ?

4) Does the NFA require these Expert Advisors to register ? Who regulates them ?

3) I only need to make 1 to 2 percent per day. How hard could that be ?

2) If I actually put in the stop order I might lose money, so, no thank you to that.

AND THE NUMBER ONE THING you used to think when you were first starting out:

(Drum Roll............)

1) What's a PIP ?

Then
#1 get Rich Quick
#2 Best Business to be in, can make money from anywhere

Now
#1 Best Business to be in
#2 get Rich Slow, but at least get there

M&M

ps. the most recent AHA-Moment
tip for newbies - ... use the opening data of an indicator, anything else repaints

hehe to both.

Hehe, I remember the first time I took a trade thinking something like 'now the price is going down, does that mean I buy, or does it mean I sell'.
I was so sophisticated.

ROFL

Trading strategy is essential to trade. However, most of the fail to adopt or create a profitable strategy in the market.

Yes a good strategy is the first criteria of successful trading. But only a good strategy is not enough for profitable trading. Along with a strategy one needs to be disciplined and well composed psychologically.

to become a good trader in this market you have to gather all kinds of knowledge about trading and about the market.

Yes having a good trading strategy is vet important and without a proper and working strategy, it will be difficult to make good profit.

I think discipline and plan can make your trading strategy perfect. And if that is not the case, you will never be able to trade positively.

Fore sure, planning and discipline are two prerequisites that every forex trader ought to have. Even if you aren't so disciplined in the beginning, but if you take trading seriously, this market will make you better at it gradually.

Good strategy is essential for making consistent profit from trading.

It is. What kind of strategy do you usually use?

There are lot of factor impact on the market. Political event one of them like Brexit which impact greatly in GBP.

Good test for traders

I can add - Why not to take a loan to trade? I`ll give it back in no time.