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Joined Apr 2020
|370 Posts
To become successful in trading you have to work with patience. We all face failure many times but it is not the end of trading. You can always find a better opportunity in the next trade.
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Joined Jul 2020
|131 Posts
Losing money is very normal in forex trading. It's about how a trader manage his loss. It's not possible to be 100% right all the time. We need good risk reward and winning ratio to do well in trading.
Losing money is very normal in forex trading. It's about how a trader manage his loss. It's not possible to be 100% right all the time. We need good risk reward and winning ratio to do well in trading.
Hi guys, I’m new to all this, I’m currently teaching myself how to trade via books, videos, etc and I’ve just joined this site to seek other traders advice, tips and education. I’m at the point where I’m trying to back test my trading strategy, but I feel i have over complicated it and I’ve lost myself in it all. Have I given up to easy on my strategy without giving it time to form or have I made it to difficult for myself to follow when it doesn’t need to be this complicated? Any advice or tips would be a massive help!
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Joined Jul 2020
|135 Posts
When I joined trading I used to trade over to cover the loss of some pips and I could never control my emotions. Later, when I learned to control my emotions, I refrained from overtrading.
Sometimes you can succeed only after a series of tough losses. Such a scenario is quite widespread in our life and it applies not only to trading but literally to anything else. No matter what career you are currently pursuing, without some negative experience, it would be impossible to progress. It’s because no matter what you do you have to overcome obstacles because they are inevitable.
Even the most successful traders have enough losing trades, but they know how to put up with it and not to fall into despair. That’s very difficult to do, especially for very emotional people. It’s possible but requires a lot of practice and certainly time.
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Joined Jul 2020
|133 Posts
To make huge amount of profit you need a professional mindset and skills. Without skills consistent profit is not possible. Most traders forget this simple thing. They run for strategy without making themselves knowledgeable.
To become a proper broker, you have to take certain risks and lose in a few trades to understand and build forex knowledge.
Forex is complicated, and it cannot be mastered in a few months. Beginner traders learn basics in demo trades and later take risks in live trades to gain experience and understand how the live market works.
Hi guys, I’m new to all this, I’m currently teaching myself how to trade via books, videos, etc and I’ve just joined this site to seek other traders advice, tips and education. I’m at the point where I’m trying to back test my trading strategy, but I feel i have over complicated it and I’ve lost myself in it all. Have I given up to easy on my strategy without giving it time to form or have I made it to difficult for myself to follow when it doesn’t need to be this complicated? Any advice or tips would be a massive help!
It's a long journey. If you make it, you'll make great bank, like a successful brain surgeon. Of course, it takes 12 years or more of study and hard work to be a brain surgeon. Why should successful Forex trading be faster or easier? Here's a clue, it's not.
You need a very fixed system that takes all the guesswork out of your trading. That way, you never second guess your self. Happy trading!
Forex is very risky business and a trader can lose their money if they start trading having no knowledge. So to be succeed in this trading journey you must have good skills and knolwdge. Try to learn from your own mistakes and try to make good profit from your trade.
