No more BS - What have you learned?

What I've learnt mostly is Patience. There will always be time for a next trade. That's why I use price action strategy and daily chart (mostly) to trade. Under the daily chart I think it's very risky to trade if you are trading part-time. However sometimes I use the 4H chart but rarely.

Another very important thing I learned is to have a Trading Journal. I always write down my trades in an Excel table and write a comment at the end. I mostly write down how i felt during a trade while it was open.

THIS!

https://www.forexfactory.com/showthread.php?t=768090

so what you’re saying is you found the keys to the mint and you will now expound your energies making sure everyone you’ll never meet gets their own access... All the while renedering your edge less and less useful

I guess you’ve learned some minor value in stupidity, either that or dellusion.

Precisely

My first realization is- trading is not for everyone. You have to spend a lot of time in learning. In 3 or 6 months, you are not going to be anything (most newbies that the enough time). Stop chasing pips rather improve your skills. You will make consistent money when you will have a well defined trading plan.

I have learned that reading threads on forex factory,
is the, for the most part, are a waste of time.
there are only about 5 or 6 threads where you will learn anything.
because most traders won't share their edge, and you can't blame them.
hey, don't get me wrong, its fun to read some of the stuff on here.
and if you have time to kill or waste. it is great.
as far as learning anything of real value not so great.
like now I have wasted 10 mins of my life I will never get back.

Guys, what courses did you pass or where did you get such useful info?
I am looking for a good one course (mb free...) or even a tool for backtesting.. can you help me?

So many Times! sometimes i have a gut gutan idea on mycharts and a feeling, (like mt trendline from before was on ray and now the price hascomeback to it weeks later) but im new so i assume it could be mislead or imm just seeing it how i want to interpret it, so i set a stoploss not too far off incase im wronf, only to find i got stopped out anbd the price bounced off my trendline as predicted, only my trendline was off by a couple dollars. perhaps i was just bad entry. as they say in billiads, when going up the table, if your off by a degree youll be off by an inch (apply this to drawing your trenclines althouh sometimes the candles shadow rteache sout touchs my line and rtreats, othertimes it just barely crosses or comes up a littlebit short, i look at themmore now as zones than line. also i )at howm uch theyre off and see if i can find support/resistence with horizontal lines around the value oif my linbe better or at where th eprice went to bnefore bouncing)

Sometimes, you might be too excited about the market and think that you will now become rich maybe because of what you are using, thinking, researching, or developing. It might all be unique for you but don’t forget that all of this has already been discovered by other traders and they are making use of it on a daily basis. There is nothing called a unique strategy or trading plan in the market. So, even if you have spent years in the market, you are yet to explore so much in the market.

Number 1 KEY learnt is TRUST

learning there are very few people you can trust in this game makes it hard to the more and more you get burned its harder to come back again. but i have managed this and making a great come back with a small group of trusted friends i will grow bigger better and stronger going in to the new year!

Be concerned less about missed opportunities and more concerned about profit protection.

One thing that i consider,
1st, price movement is so completely F Up, plus staring charts 5 day in a week is so make me stressful,
2nd, I've learnt many strategies and theories but none of them working proprietly, because why ? Those informations, strategies and theories created by another traders without knowing what machines and how the algorithms should be work

1. I learned that Forex is random. Real traders, the banks... Don't even look at the 'charts' the glorified indicators for stocks, to make trades.
2. Forex market is a utilitarian market, meaning it's purpose mainly is for providing a service. Eurusd move from low to high today because someone exchanged so much USDs for EURs because they want to use Euro's somewhere in Europe not because of some abstract line on a chart called 'support'

If you're a day trader, set a daily loss limit and don't go past it this is REALLY IMPORTANT

it's likely that day isn't your day. just take the L and come back tomorrow. markets/currency pair etc usually don't stay like that for a very long time usually not past a session or so.

The market is part random/part predictable. sometimes a market will go its full ATR to the pip, other days it wont. the days it wont is where you more than likely will get the above scenario of hitting daily loss limits

hahaha. at least someone said something truly solid, sensible, and practical at last. That is why some profitable trader always watch the monthly open and close price, it is important because of this fact.