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What have you learned?

  • #201
  • Mar 15, 2022 8:26am Mar 15, 2022 8:26am
Mockingjay, never pay a single cent for trading education. It is all trash and you will never learn anything useful from it. The only way to learn is to stare at the chart for 10000 hours and figure out your own way.
  • #202
  • Mar 16, 2022 9:04am Mar 16, 2022 9:04am
Quoting Mockingjay
Where do you guys learn trading? Ned to go trading school or take courses? Planning to take courses from Online Trading Academy which seems to be around for more than 20 years but their courses are expensive. I wonder did any of you been there? Still in dilemma whether to proceed or not.
the only thing ive learned about these courses is that its probably better to learn on your own. babypips will teach very basic stuff for free. then from there you'll have to study what they wont teach you.

but yes, trend trading and keeping your risk to reward in line with your win percentage is very important
  • #203
  • Mar 22, 2022 4:16pm Mar 22, 2022 4:16pm
If you're in spot/CFD markets, take account of the spread and trade when its the lowest.


basically trade when its cheaper. some brokers are better than others as far as spread goes, but a rule of thumb is trade the busier sessions or when those CFD's related stock exchanges are open. make it easier not harder with exposure to the market which is not only risk based but also time based.

the more time you're in the market, the more you expose yourself to risk. just like if you're in very cold water. The longer you're in it, less likely you are to survive.

set goals, get in and get the hell out and come back tomorrow. the more the market moves, the less time it exposes you to the market. if its below average volatility that day, its gonna take more trades to hit those marks or you may never hit them. high volatility day or greater than average volatility will have you hitting targets very easily. dont force it though
  • #204
  • Sep 27, 2022 6:26am Sep 27, 2022 6:26am
Don't be very smart...
be humble..
Trade fearless not careless...
Syed Mohsin Ali Profit This Month: -299
  • #205
  • Oct 16, 2022 2:47am Oct 16, 2022 2:47am
"An investment in knowledge pays the best interest." (Benjamin Franklin)
And: Discipline
  • #206
  • Oct 17, 2022 10:31am Oct 17, 2022 10:31am
Quoting trickshady
Mockingjay, never pay a single cent for trading education. It is all trash and you will never learn anything useful from it. The only way to learn is to stare at the chart for 10000 hours and figure out your own way.
Such a valuable advice! Actually, spending time on our trading chart is the best practice! On the other hand, there is nothing like shortcut way in Forex!
  • #207
  • Oct 18, 2022 1:59pm Oct 18, 2022 1:59pm
Quoting jmn5611
One thing that I have learned is that brokers want you to trade as often as possible, as large as possible.
I agree.

A thing i have learned is that since im the thing trading, i need to be in shape for my trades to be in shape.
Meaning i need good sleep, as little stress as possible, a nice positive outlook on life and the ability to take losses.
Furthermore i need to excercise every day, eat sort of healthy, stay away from all stimulants including coffee and tobacco.

Cheers everybody and happy trading!
My signature is: "Classified".
  • #208
  • Oct 18, 2022 2:01pm Oct 18, 2022 2:01pm
Quoting trickshady
Mockingjay, never pay a single cent for trading education. It is all trash and you will never learn anything useful from it. The only way to learn is to stare at the chart for 10000 hours and figure out your own way.
I can sort of see how there is a lot to that.
Mostly since all of trading advice seem rather... airy? Rather general and very vague.
And no matter how you take it you still need to try it on price, live.
My signature is: "Classified".
  • #209
  • Oct 18, 2022 2:22pm Oct 18, 2022 2:22pm
Quoting Mandariin
{quote} Really ? Yes people lose and keep losing but it doesn't mean they enjoy it. "Most people in MMA love to have the teeth kicked in and one loves to kick then out." Actually not - they all like to win but reality is different.
Actually i think its a bit complicated.
I think that people SAY they enjoy loosing.
But really they dont.
But they sort of have to say it since they are in that situation.
My signature is: "Classified".
  • #210
  • Oct 18, 2022 2:23pm Oct 18, 2022 2:23pm
TARGETS TARGETS TARGETS is one thing I've learnt, where the price is going, keep focused on that, it's been quite a game changer.
ALSO the old Market Maker profile pattern, clearly seen on today's 4 Hr chart, it appears constantly, learn it and trade it.
And really there's not that much more to it, the rest is just 'noise' and when it's noise I don't trade, I look for continuous bull and bear candles before trading, it's simply more predicatble than a market that goes bull, bull, bear, bear, bear, bull, bear, bull bar, bear, bull bull.
That's all you need to learn.
That's what I traded today.
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  • #211
  • Oct 21, 2022 2:48am Oct 21, 2022 2:48am
Trading is actually a mental struggle. It also depends on what you risk and how much. The basic logic never changes. Buy cheaper, sell more expensive. But it is never that simple. Trade almost looks like a war. You know what you have to do, but the main thing is how you will achieve this goal. Trade taught me that I need to constantly improve myself. Even a perfect strategy will one day become obsolete and dysfunctional. For this reason, you should keep yourself constantly updated.
  • #212
  • Oct 23, 2022 8:31pm Oct 23, 2022 8:31pm
Quoting babaz7
one thing i learned in 6 years of trading is that the only way to be profitable is to win more than you lose, meaning use atleast 2:1 ratio or 3:1 ratio, otherwise its a losing game if you use 1:1, believe me, been there done that. if you take 3:1 ratio for example, even if you lose 7 trades out of 10 your still up overall by just being right 3 times. lets be honest here we dont all have a good winning percentage like 60 or 70 percent, so even if your win percentage is below 50 percent you can still make money doing this. thats just my 1 lot.
That's not true. You can definitely win with 1:1 ratio, but it doesn't make sense to go lower than that. From my experience 1:1 wins about 2/3 of the time if you enter correctly.
  • #213
  • Oct 25, 2022 2:07am Oct 25, 2022 2:07am
I have learnt two things in Forex, that discipline is really important in order to get some visible results in our trading journey and one should always be updated with current market trends and news in order to predict market movements , price action analysis and rest is secondary!
  • #214
  • Jul 6, 2023 2:32pm Jul 6, 2023 2:32pm
Slow and steady wins the race.....
Trade fearless not careless...
Syed Mohsin Ali Profit This Month: -299
  • #215
  • Jul 7, 2023 5:15am Jul 7, 2023 5:15am
Quoting deepsky
Success in trading comes when you: Become D I S C I P L I N E D in your approach Master your emotions Set your ego to the side Trade systematically Treat trading like a business - not a hobby Learn to LISTEN to what the market is telling you Focus your efforts on LEARNING from your mistakes (and the mistakes of others) Invest in your own education And ultimately: when you realize that trading is a zero-sum game, and that you are competing against some of the sharpest, most disciplined and most committed people in the world who WILL take your money...
This is path to professional trading.
  • #216
  • Jul 7, 2023 2:40pm Jul 7, 2023 2:40pm
Not to be an ass, but I have learned 95% of the guys responding lose money guessing where the market is going and in time will be gone......I have learned exact levels where I am right, and where I am wrong, my guessing years are long past
  • #217
  • Jul 10, 2023 5:27am Jul 10, 2023 5:27am
if you want to profitable is to search objective rules for trading.
  • #218
  • Jul 11, 2023 6:06am Jul 11, 2023 6:06am
Also timing is important. Being out of the position is the trade as well it just features zero return, but zero risk as well.
  • #219
  • Jul 11, 2023 12:37pm Jul 11, 2023 12:37pm
The thing I have learned is that we must be very careful with what we do, as in a business like Forex, you might not get second chances at all. It is one of the prime reasons why I have so much preference for demo account trading, before burning hands into the real account. It is the only way we can work in the right direction and able to get the desired outcome, without major mishaps.
  • #220
  • Jul 27, 2023 6:27pm Jul 27, 2023 6:27pm
Quoting yaed
{quote} I agree. A thing i have learned is that since im the thing trading, i need to be in shape for my trades to be in shape. Meaning i need good sleep, as little stress as possible, a nice positive outlook on life and the ability to take losses. Furthermore i need to excercise every day, eat sort of healthy, stay away from all stimulants including coffee and tobacco. Cheers everybody and happy trading!
Good points except for the coffee, perhaps replace that with youtube income earners who don't trade but talk trading. But yes, good sleep is a must.

Cheers.
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