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the most important things in forex

  • #61
  • Sep 29, 2014 1:58pm Sep 29, 2014 1:58pm
Quoting KyrForex
{quote} Another words: Thinking outside any system. Means 'using just intuition'. Because as for now 'science' doesn't work. Or let's create 'science'. I am inviting all to participate in the creation. First there must be a good Forex definition created.
how to make confident with my own intuition ?
3Some Candle TacticaL
  • #62
  • Sep 29, 2014 2:44pm Sep 29, 2014 2:44pm
Quoting isdi82
maybe you could give the two most important things, so I can focus on that thank you

I know I'm gonna sound like a smart *ss but the truth is what you need. The two most important things are gonna be, in order...

1. your entry...on the pullback or the breakout

2. your exit...target price or stop loss

Let's say you get your trading technique down pat and your emotions are well in check, it still boils down to your entry then your exit. If you focus on the ideal set up (for your entry using either the breakout or pullback) and take profit (for your exit) and stop loss (for your emergency exit/preservation of capital) on the specific time frame you prefer...you will have success.

Master that one scenario.
Everything easy was hard at first
  • #63
  • Oct 2, 2014 1:39am Oct 2, 2014 1:39am
Yeah you are right. But I would say that profit is the outcome of timely entry and exit and our goal is to make proper analysis to determine the time for them. In this light, most important thing is finding a suitable way of market analysis - fundamental or technical and narrow it futher to find something one or mixed you will make use for your trading. talking about mm I tell you that it took me 2 hours to prepare exhaustive report on my first year trading plan and I still use it as template even for third year of trading..
  • #64
  • Oct 2, 2014 4:20am Oct 2, 2014 4:20am
Quoting isdi82
the most important things in forex
To crush your enemies. See them driven before you. Hear the lamentations of their women.
  • #65
  • Oct 5, 2014 10:08am Oct 5, 2014 10:08am
the most important thing in forex is TREND
  • #66
  • Aug 26, 2015 6:42pm Aug 26, 2015 6:42pm
Hello to you!

Well, the most genious is the most simple and obvious. In my own opinion, the rule number 1 should look lie this: Never invest more money that you can't afford to lose. From the first glance, this is pretty much obvious. But for some reason, lots of people failed their trading because they failed to obey this smple rule! The second, also in my personal opinion: You don't lose unless you give up. Sounds a bit philosophycally, but as I suppose these things are fundamental for beginners. Indeed there are much more things in forex and they all are crucial and should not be neglected.
  • #67
  • Aug 27, 2015 6:54pm Aug 27, 2015 6:54pm
1. Risk Management
2. Support and resistance (or supply demand) areas
3. Discipline
4. Patience
5. Trading plan/strategy
6. Trade your plan and don't deviate
  • #68
  • Aug 30, 2015 2:45am Aug 30, 2015 2:45am
Quoting ericnyamu
the most important thing in forex is TREND
Trend is important but you have to know a lot of other things as well in order to achieve success. Among them is money management which is extremely important.
  • #69
  • Aug 30, 2015 3:14am Aug 30, 2015 3:14am
Quoting vox dei
#1 thing in trading: "1. Accept everything just the way it is." - Miyamoto Musashi
we don't predict, we only ride
  • #70
  • Aug 30, 2015 3:18am Aug 30, 2015 3:18am
Quoting isdi82
hello, I am from Indonesia, so sorry if my english is not good. I have learned forex about 5 months then I found a lot of indicators, fundamentals, MM, psychology, 95% traders go brooke, etc. so, what is the most important of all that I have mentioned, in order to get a profit from forex. maybe you could give the two most important things, so I can focus on that thank you
the most important is YOU. yourself. what inside your head that the reason you decide to take position in trading with all the consequent (profit/loss)
we don't predict, we only ride
  • #71
  • Aug 31, 2015 4:57am Aug 31, 2015 4:57am
Dear readers the most important hing in forex is the broker and every one is looking for low spreads and low commissions but what you guys should be looking at is how much is the broker trust worthy because if he gave you the lowest commission and you cant withdraw your money then he did not help you out at all so i advice you guys to choose your broker wisely
  • #72
  • Sep 24, 2015 12:14am Sep 24, 2015 12:14am
Two most important things?

  1. Make good decisions
  2. Resist the "I want to earn $xx,xxx,xxx" urges. Instead, focus on becoming a better trader. The money will follow.

  • #73
  • Sep 27, 2015 1:19pm Sep 27, 2015 1:19pm
1) Volatility;

2) Heiken Ashi chart.

Good luck.
It's not over, until I win.
  • #74
  • Sep 28, 2015 4:41am Sep 28, 2015 4:41am
The only important thing is

YOU.....

nothing else matters.

Name one thing other than YOU.

Nothing else matters.

Just YOU.

YOU are the market.

Carla's Man
  • #75
  • Sep 28, 2015 4:22pm Sep 28, 2015 4:22pm
Money management
Discipline
  • #76
  • Oct 6, 2015 7:51am Oct 6, 2015 7:51am
74 answers.
74 incorrect.

http://www.forexfactory.com/showthre...86#post8499386

Attached Image

The task is to get to the other side of the wall, the question is what the most important.
Most of you enumerate tools:
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Well "the most important things in forex" it is: to grow your account!!!
Not the MM, not the discipline, not the psychology.

Price can go up or down.
Even if you do nothing about Forex, but you klick the mouse and you get into right direction and make 100k usd it is a lot better then have perfect MM, trade knowledge, tools and make 1k or even loose 1 usd.
I want to buy PATIENCE
  • #77
  • Oct 6, 2015 8:08am Oct 6, 2015 8:08am
"the most important things in forex"


1 - Protecting your capital.
2 - Protecting your capital.
3 - Protecting your capital.
  • #78
  • Oct 6, 2015 8:33am Oct 6, 2015 8:33am
Quoting seahorse
"the most important things in forex" 1 - Protecting your capital. 2 - Protecting your capital. 3 - Protecting your capital.
Then better not trade and you are at BE
I want to buy PATIENCE
  • #79
  • Oct 6, 2015 8:40am Oct 6, 2015 8:40am
the most important thing in Forex is not to trade with money you can't afford to lose, because chances are you're gonna lose it.
but thats just my opinion.
i lose money for a living
  • #80
  • Oct 6, 2015 8:42am Oct 6, 2015 8:42am
Quoting matheszabi
{quote} Then better not trade and you are at BE
Sometimes is the best option and is always better than losing.
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