i'm probably at step 3 with demo account. but when it come to my trial live account, i went back to step 1 . is there any good method for lack of confidence training?
how many pips did you lose before becoming a succesful trader? 19 replies
The turing point in becoming a successful trader 19 replies
A newb's quest to becoming a better trader (journal) 4 replies
Interested in becoming a Fozzy-style trader? 57 replies
The 5 Steps of becoming Successful Trader 13 replies
Quoting dutdotDislikedi'm probably at step 3 with demo account. but when it come to my trial live account, i went back to step 1 . is there any good method for lack of confidence training?Ignored
Quoting paul2DislikedAside from growing some balls? Trade with money that you wouldn't care about loosing. Consider it a tuition payment. Trade micro lots with a small account balance, say $500 - $1000. Have a good money management plan. Don't look at the profit/loss, look at the trades. Figure out what you did wrong, and figure out what you did right. Keep going from there, concentrate on making good trades, not money. You'll do fine, eventually. It takes time, yo.Ignored
Quoting nevermoreDislikedI think the author`s name is Jared F. Martinez of markettraders.com also the author of "The 10 Keys to Succesful Trading" dunno 4 sure...Ignored
Quoting diallistDislikedI left of the name of the author of this piece by mistake. If anyone knows the name of the true author, please let me know and I'll add it here. Thanks and sorry for the confusion.
DialIgnored
Quoting btran28DislikedI think I'm at somewhere between 2-3, but my trading and psychology is more like at 4.I've been live for about 1 weeks with a $1000 mini account and my first couple trades I was +$50, but the next 6 positions which are still open I'm -400 pips and I'm not flinching at all.I do believe I will be the winning
side, it will take some sort of catastrophic events to liquidate my postions.Even it does then I know that I can never be 100% right and can accept this as the nature of trading and still come back for more till I can perfect my skills. So can anyone tell me where I''m really at . I think it helps that I'm already successful before I got into this business because I got all this money that I can afford to lose.So despite being just 3 months into the business I've have mastered what others find hard to do.My philosophy is even if I end up with +$300 in my account by the end of year I'd still be happy because I know banks or mutual funds won't even do that for me.Ignored
Quoting PipSteveDislikedGreat article, yours or not, I enjoyed reading it, and found that it described my habbits a lot.
I will take my dear time b4 opening a real account, as much as I would like to right now, I do not feel like that I am even close to knowing what I am doing...Ignored
Quoting forexnoviceDislikedI have just joined FF & was going through the labyrinth of threads posted here. The info in the article struck a real chord in me. I was wondering about taking those Forex Training Courses before entering the trading field. Being broke, I couldn't afford 2 pay 4 them. But after joining FF, I feel I have found my ALMA MATER. Thanx 4 the EYE-OPENING article Diallist Would love 2 see more such articles in the future.Ignored