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Depend On Your Own Skills & Experience.Do not Depend on others

გვერდი: 1
Dec 07, 2013 04:25 pm
#1

გვერდები: 6
გაწევრიანდა: 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.

Dec 08, 2013 02:57 pm
dianayes User

გვერდები: 41
გაწევრიანდა: 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.

Dec 09, 2013 11:00 am
4nt5 Translator

გვერდები: 84
გაწევრიანდა: 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.

https://www.fxstat.com/widget/link?t=tiny&c=3&s=20780&o1=growth&o2=drawdown&o3=profitfactor 

Dec 15, 2013 03:05 pm

გვერდები: 47
გაწევრიანდა: 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.

Dec 17, 2013 07:29 am
dianayes User

გვერდები: 41
გაწევრიანდა: 07/11/2013

Originally posted by rrayne20009

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.

 



I agree with you as we trade we should work for it not just to depend on others.

Dec 17, 2013 01:10 pm
Noobtrader User

გვერდები: 52
გაწევრიანდა: 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.
 

Dec 18, 2013 06:20 am
leebelisar User

გვერდები: 120
გაწევრიანდა: 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.

Dec 18, 2013 11:43 am

გვერდები: 45
გაწევრიანდა: 06/11/2013

Originally posted by leebelisar

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.





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[grin], 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). 

http://www.fxstat.com/widget/link?t=wide&c=6&s=25061&o1=growth&o2=drawdown&o3=profitfactor

Jan 10, 2014 09:09 am
zahidbd9 User

გვერდები: 2
გაწევრიანდა: 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 

Feb 07, 2014 11:41 pm
4nt5 Translator

გვერდები: 84
გაწევრიანდა: 12/10/2013

Originally posted by zahidbd9

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 



 

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) 

გვერდი: 1