Secrets to improve your trading performance | Page 4 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Is there a way to improve the performance of this indicator? 0 replies

How To Really Improve Your News Trading 34 replies

Thing that might improve your trading (Currency Index) 4 replies

How can you improve your trading techniques? 15 replies

Secrets to improve your trading performance

  • #61
  • Jan 20, 2017 1:10am Jan 20, 2017 1:10am
Quoting Mingary
{quote} No doubt that most take it way too seriously. "You must treat it as a business" "You must control your emotions" ... and dozens more. .. so many rules, so little success (:
no some of us just don't think you're that funny.... you're either trying to be funny but terrible at it, or you're serious and yet you continue posting on this site meaning you've got nothing better to do....
  • #62
  • Jan 20, 2017 1:33am Jan 20, 2017 1:33am
Quoting oztrader79
{quote} no some of us just don't think you're that funny.... you're either trying to be funny but terrible at it, or you're serious and yet you continue posting on this site meaning you've got nothing better to do....
The last thing I want is to try to be funny.
Nothing better to do? Preaching to the choir is no fun at all.
Retail forex trading is such an amazing "la-la land" I am happy to be part of it.
  • #63
  • Jan 20, 2017 1:52am Jan 20, 2017 1:52am
Quoting Mingary
{quote} The last thing I want is to try to be funny. Nothing better to do? Preaching to the choir is no fun at all. Retail forex trading is such an amazing "la-la land" I am happy to be part of it.
ok, well look at my trade history. I recently added it to show its possible. I've lost a lot, through greed initially. But after five years, slowly slowly, I'm getting ahead. It's not my prime source of income but hopefully soon. I think the worst thing is to listen to people on chat forums, saying you'll get rich quick or it'll never be done - know your system (particularly MM, and go through with it, build it up). btw, if you said what is my system or do I want to share, I would say no because I think successful trading is totally discretionary.

(also as total disclaimer my % are way out, because I don't leave my whole trading account with my broker. Whatever trade I do represents 1-2% of my trading capital, but I don't leave all my capital with broker, thus it shows ridiculously high returns)
  • #64
  • Jan 20, 2017 1:57am Jan 20, 2017 1:57am
lows of trading is

use SL
use BE
use Day range

i am new member here but i have 10 years trading experience so i can tell it.
  • #65
  • Jan 20, 2017 2:07am Jan 20, 2017 2:07am
Writing 3 things about self at the end of the day is good idea, to improve our trading trick and way of working. That way we can manage our self with trading and can make self more comfortable during trade.
  • #66
  • Jan 20, 2017 2:12am Jan 20, 2017 2:12am
Quoting oztrader79
{quote} ok, well look at my trade history. I recently added it to show its possible. I've lost a lot, through greed initially. But after five years, slowly slowly, I'm getting ahead. It's not my prime source of income but hopefully soon. I think the worst thing is to listen to people on chat forums, saying you'll get rich quick or it'll never be done - know your system (particularly MM, and go through with it, build it up). btw, if you said what is my system or do I want to share, I would say no because I think successful trading is totally discretionary....
You just hit on some major points. I concur 100%
trade well, trade hidden
  • #67
  • Jan 20, 2017 3:00am Jan 20, 2017 3:00am
Quoting oztrader79
{quote} ok, well look at my trade history. I recently added it to show its possible. I've lost a lot, through greed initially. But after five years, slowly slowly, I'm getting ahead. It's not my prime source of income but hopefully soon. I think the worst thing is to listen to people on chat forums, saying you'll get rich quick or it'll never be done - know your system (particularly MM, and go through with it, build it up). btw, if you said what is my system or do I want to share, I would say no because I think successful trading is totally discretionary....
Theres nothing big with making money in the forex world even a kid can press the buy button and make money the real challenge is in staying consistent over the long term so bravo my friend 73 weeks is not a short time.
100% KENYAN.
  • #68
  • Jan 20, 2017 4:27pm Jan 20, 2017 4:27pm
Quoting executivefx
One of the all time secrets is,at the end of every trading day write down 3 things that you need to improve about yourself and work on them.Repeat this everyday and you will bring out the best in you.
This is a very nice tip, writing out what you need to work on. As this will help to check your progress in the market and see where you need to make adjustments.
  • #69
  • Jan 22, 2017 1:16am Jan 22, 2017 1:16am
I found this to be very useful:http://www.forexfactory.com/attachme...2&d=1148236755
100% KENYAN.
  • #70
  • Jan 23, 2017 6:15pm Jan 23, 2017 6:15pm
Trader should always remember: Do not bend the rule, small mistake can create huge lose!
  • #71
  • Feb 4, 2017 3:14am Feb 4, 2017 3:14am
FF is full of big personalities making big claims. There are non-stop threads about this edge or that edge. After all the work to discover these edges, then many resort to making up fantasy targets for exits, LOL. Those that proceed to the next step and find exit edges get mauled by the Forex Police who are stuck in their own universe and don't believe anyone else knows anything, LOL. If you read through threads and posts, you know what I mean. There are a few on this thread.

So, we sit back and wait, and wait, and wait, and wait, and wait, and wait, and wait, for FF traders to mature. Personally, I look for those who realize that every single person in here has their own way of trading. Even if you use someone else's template, I would bet there is a 90% chance you have modified it somehow, LOL, and do not follow it exactly. Maybe even higher?

No one really cares how many pips you made, or how much money you made. That is all relative. It is based on your risk, your entry edge, and your exit edge. One day it will all work, and the next day it might not. You can make 20 pips with 1 lot and I can make more money than you by making 3 pips with 10 lots. You can hold a trade for 3 weeks, while I hold it for 3 minutes. Discussing your results is meaningless unless you are talking to a partner.

Everyone has a different trading technique, so this comment might not affect you, though it probably does for most of you. If you trade Renko, it is probably useless. The hardest area to trade is consolidation. The resultant whipsaw is not only frustrating, but many times expensive. If you want to know the "secret" to trading, it is knowing how to recognize consolidation areas. This includes the beginning, the middle, and the end. I think this is the most important aspect for trading consistently. Good Luck
You cannot be extraordinary by being normal
  • #72
  • Feb 4, 2017 8:37am Feb 4, 2017 8:37am
Quoting RondaRousey
{quote} Talent is everything. You think I am a rookie and that's why I am up over 7000 pips so far this month.
How exactly you are up? Up Like Top Gear or something?

Hey, here is something you can put your full faith on: I made for the first three days of Feb'17 something like 19459 pips already. Next week i will jump over the 100,000 pips water mark, as I did it on 9th of Jan 2017 and before that on 11 Dec 2016, ext...
Maadik Hugiis. IQ 69.
  • #73
  • Feb 4, 2017 9:27am Feb 4, 2017 9:27am
Quoting dkrock
FF is full of big personalities making big claims. [...] The resultant whipsaw is not only frustrating, but many times expensive. If you want to know the "secret" to trading, it is knowing how to recognize consolidation areas. This includes the beginning, the middle, and the end. I think this is the most important aspect for trading consistently. Good Luck
Wise words sir.
You'll always miss 100% of the shots you don't take.
  • #74
  • Feb 5, 2017 2:24am Feb 5, 2017 2:24am
Quoting Edorenta
{quote} Wise words sir.
It probably only applies to momentum traders. I know Renko traders would say: "What is consolidation?", lol. I think a support/resistance trader might be 50/50, depending if they were looking for reversal points to enter. I have no idea what a price action trader would do, but then who ever does? They are in constant guess mode, and with their supposedly naked or near naked charts, they would be entirely clueless. But, as for momentum traders, it is very important to plot it.
You cannot be extraordinary by being normal
  • #75
  • Feb 5, 2017 11:12am Feb 5, 2017 11:12am
Quoting dkrock
{quote} It probably only applies to momentum traders. I know Renko traders would say: "What is consolidation?", lol. I think a support/resistance trader might be 50/50, depending if they were looking for reversal points to enter. I have no idea what a price action trader would do, but then who ever does? They are in constant guess mode, and with their supposedly naked or near naked charts, they would be entirely clueless. But, as for momentum traders, it is very important to plot it.
isnt consolidation better detected on renko ?
  • #76
  • Feb 6, 2017 6:32am Feb 6, 2017 6:32am
· Stick to one thing “hard work pays off “.There is no shortcuts to success, so to improve your trading performance by analyzing every single aspect of Forex market.
· Maintain discipline and patience.
· Set realistic goals and do not let losses muddle you head.
  • #77
  • Feb 7, 2017 4:16am Feb 7, 2017 4:16am
You can improve your trading performance by following some guidelines offered by the experienced traders.

1. Develop a written trading plan and convince yourself to follow the same.

2. Simply pull the trigger and get involved in the Forex market volatility. You can start with a small amount of money while you have our training wheels on. The more trades that you made, it will become easier that it will be to take a loss.

3. Traders who face issues which is related to procrastination is for breakdown of your trading task which turns into steps, rank them in priority & set yourself with a deadline to get it going.

4. Write down the things that are stopping you from doing well. Examine the issues. The reason which holds on the convinced aspect of the personality is because on some level you want to.

5. A trading system typically includes these components:

-entry and exit methods
-proper risk management
-proper money management
  • #78
  • Feb 8, 2017 10:59am Feb 8, 2017 10:59am
Quoting metta87
{quote} isnt consolidation better detected on renko ?
Explain your comment please. As I see it, it would not be detected at all. Renko only moves with price. It doesn't matter the speed, only the direction.
You cannot be extraordinary by being normal
  • #79
  • Feb 8, 2017 11:59am Feb 8, 2017 11:59am
Quoting dkrock
{quote} Explain your comment please. As I see it, it would not be detected at all. Renko only moves with price. It doesn't matter the speed, only the direction.
If by consolidation we mean, price being stuck between a range, then thats exactly what renko charts show when we see alternating renko blocks ( up-down-up-etc...). Consolidations on renko are as easy to spot as trends.
  • #80
  • Feb 8, 2017 11:16pm Feb 8, 2017 11:16pm
Quoting metta87
{quote} If by consolidation we mean, price being stuck between a range, then thats exactly what renko charts show when we see alternating renko blocks ( up-down-up-etc...). Consolidations on renko are as easy to spot as trends.
I suppose if the range you select will show that, then it will show under certain conditions. I was thinking if you have a Renko set to 25, and price ranges under 25, then a new candle would never be drawn. You only lose time while waiting for the market to move again. But, perhaps you use Renko in such a way that you get alternating candles, so for you, it might be different. If you have an alternating Renko, I would think you would be screwed, so hopefully you have a plan for that. But, that emphasis my initial point. You have got to have a business plan for handling consolidation. Good Luck.
You cannot be extraordinary by being normal
0 traders viewing now