When can u consider urself successful in trading
Posts: 41
Member since: 20/08/2013
Originally posted by dianayesHello there!I agree with you all guys.I'm new to forex and maybe I should have to learn and strive more to consider myself as a successful trader someday.
Forex is very hard and complex at the beginning but very easy and simple once understood,, in order to get to that point you need to work hard at first, try to organize your time and do not rush yourself while learning, take your time.
Posts: 63
Member since: 14/08/2013
Posts: 52
Member since: 07/11/2013
Originally posted by AbuRommanI agree with O123 about being patient and do not rush, because the more you learn the more that you will find that you're still ignorant about the forex world, try more to organize, order and plan your strategy in order to get successful
Also agreeing, im still relatively new to Forex and it is starting to sink in now and a lot more is making sense quicker and clearer, it would help if you could get someone to explain some things to you once you've got the basics digested but you can learn these by yourself though it could take longer... a good alternative is to talk and listen to experienced traders in forums like this one
Posts: 63
Member since: 14/08/2013
Originally posted by Noobtrader
Originally posted by AbuRomman
I agree with O123 about being patient and do not rush, because the more you learn the more that you will find that you're still ignorant about the forex world, try more to organize, order and plan your strategy in order to get successful
Also agreeing, im still relatively new to Forex and it is starting to sink in now and a lot more is making sense quicker and clearer, it would help if you could get someone to explain some things to you once you've got the basics digested but you can learn these by yourself though it could take longer... a good alternative is to talk and listen to experienced traders in forums like this one
That is right you can learn a lot from the forums, such as this one, since it puts in your hands a massive number of tips and guiding steps to follow through you trading, and that will help anyone whether it was an expert or just a newbie
Whether or Mptdy still Eptdy
Posts: 41
Member since: 07/11/2013
Originally posted by O123
Originally posted by dianayes
Hello there!I agree with you all guys.I'm new to forex and maybe I should have to learn and strive more to consider myself as a successful trader someday.
Forex is very hard and complex at the beginning but very easy and simple once understood,, in order to get to that point you need to work hard at first, try to organize your time and do not rush yourself while learning, take your time.
Thanks for your advice,and yes I need to be patient in learning.
Posts: 120
Member since: 06/11/2013
Originally posted by fxlots
Originally posted by leebelisar
Basically those are interrelated. When you have a trading strategy that really works, then of course your account will grow as you will be earning profit. And to maintain the growth, you have to have a good risk management method to use. Reward will come in the end when you already have all those factors mentioned.
I agree here, it all boils down to strategy once you develop a foundation knowledge and create a solid systen you're almost out of the newbie woods.
I think one of the best strategies is learning how to minimize the risk as well as the losing while maximizing the gains and profit.
Posts: 120
Member since: 06/11/2013
Originally posted by MargaretLekkerHaving techniques, strategies and methodologies when investing in the market is very useful to achieve a positive outcome and better control of risk when an order is generated. I use the following techniques: the Stochastic Oscillator, the CCI 50 and the candles " />
Can you tell me more about these techniques. I am a newbie trader and do not know much about techniques as I do not trade live yet. Still I am doing a demo account. But I am thinking of trying the day trading and swing trading strategies when I go to live trading.
Posts: 120
Member since: 06/11/2013
Originally posted by rrayne20009
Originally posted by fxlots
Success in forex is a result of persistence,discipline,patience and most importantly self belief that you can come up on a strategy that will really work for you .
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Sucesss would be the fruit of your very hard labor, hard work and hard study.
Posts: 120
Member since: 06/11/2013
Originally posted by dianayesHello there!I agree with you all guys.I'm new to forex and maybe I should have to learn and strive more to consider myself as a successful trader someday.
As newbies, we need more hard work. We need to study hard more about Forex trading. We need to interact with other traders too esp those experienced and experts in the industry. These are some of the ways that will help us become a better trader in the long run.
Posts: 120
Member since: 06/11/2013
Originally posted by O123Originally posted by dianayesHello there!I agree with you all guys.I'm new to forex and maybe I should have to learn and strive more to consider myself as a successful trader someday.
Forex is very hard and complex at the beginning but very easy and simple once understood,, in order to get to that point you need to work hard at first, try to organize your time and do not rush yourself while learning, take your time.
Very well said. Forex trading is process. You need to take that process step by step. No need to rush. Otherwise, you will fail and go back to where you have started.