Depend On Your Own Skills & Experience.Do not Depend on others
Antworten: 6
Member since: 07/12/2013
it is very important for us that we should only depend on our own skills and experience.When we are depend on other trader,signals,robot and other circumstances . then we are failed in trading and we are not get good skills.When we are trying to get and strong our own skills,experience and learning then we are fully depend on our own self.We easily make good achievement in Forex.
Hope my this thread makes positive change in your trading style.
Antworten: 41
Member since: 07/11/2013
We dont need to depend on others because we are the one whos making experience and decision for our own good,and we are the one whos controlling to manage how our trading will be successful.
Antworten: 84
Member since: 12/10/2013
For counter arguement sake im going to take up the enemy camp position and say rookies who know little about trading are likely to wuit after they lose their initial deposit, in this sense relying on Copy-trading is not necessarily a bad thing to depend on while they learn.
Now as a reminder i do agree with your points, but to balance the argument i see copy-trading as the trainning wheels of a bicycle. Its also good to have 1 or 2 signal providers in your portfolio in case you are ever in a slump.
Antworten: 47
Member since: 13/09/2013
I agree that we should not be dependent on other traders to learn forex trading because you can't expect successful traders to share their hard-earned working strategy,not even for money you can lure them to share those.
independent learning,depending on your skills and using manual trading will boost your skills and abilities to come up with a good strategy for your own.
Antworten: 41
Member since: 07/11/2013
Originally posted by rrayne20009I agree that we should not be dependent on other traders to learn forex trading because you can't expect successful traders to share their hard-earned working strategy,not even for money you can lure them to share those.
independent learning,depending on your skills and using manual trading will boost your skills and abilities to come up with a good strategy for your own.
I agree with you as we trade we should work for it not just to depend on others.
Antworten: 52
Member since: 07/11/2013
I'm going to join the counter argument camp and say but some brokers offer a service where a signal provider will only get paid his comission only if he has earned money for the follower (i think this is called high water mark), in this case he would WANT to share the profits of his strategy because he would earn additiaonl profit.
in this sense while the profits would not reflect your individual skills this would be profitable for you regardless.
Antworten: 120
Member since: 06/11/2013
Of course, you can only depend on yourself with regards to Forex trading. Your trading success would only rely on your own trading skills and experience. But you can use others as your guide, their own experiences and knowledge, guide to your trading needs so you won't commit the mistakes that they did in trading.
Antworten: 45
Member since: 06/11/2013
Originally posted by leebelisarOf course, you can only depend on yourself with regards to Forex trading. Your trading success would only rely on your own trading skills and experience. But you can use others as your guide, their own experiences and knowledge, guide to your trading needs so you won't commit the mistakes that they did in trading.
This is going to be an interesting point but some traders in Asia aren't so well edcuated and are introduced to Fx trading as a sohisticated game.
They are introduced to copy trading as "click when green" and "leave when red" simple as that, and their entire portfolio is comprised of following signal providers, the funny thing is some of them who are following multiple traders with large accounts are actually profitable overall!!!
Lmao so while as a professional trader (wanabe) i agree, i thought i'd point out this interesting and little talked about middle ground (of course there are those that burn their accounts as well).
Antworten: 2
Member since: 10/01/2014
if we want to be a good forex trader then we should trade in forex market by learning and if we are skillful to trade there we will make money from the internet easily forex market profit making is depends on the traders skill where they trade and what they trade and how they trade
Antworten: 84
Member since: 12/10/2013
Originally posted by zahidbd9if we want to be a good forex trader then we should trade in forex market by learning and if we are skillful to trade there we will make money from the internet easily forex market profit making is depends on the traders skill where they trade and what they trade and how they trade
I agree with this, I found a good way to learn is to employ a money manager, but while you're using their service reach an agreement they should also teach you about how they trade on the way.
(My most recent trades are a good indication of how succesful this can be)