Printable View
In my point of view,I have learnt about forex from various sources by joining a few forums, signing up for newsletters from various websites, watching videos online, reading and downloading free ebooks and by using the search engines to find out about many different topics. I have so much more to learn, the possibilities are endless
i think the experience is the most important thing in the trading the traders can earn the money in the trading on the bases of the experience it is the best for the traders
I assume that It is always smashing to somebody a mentor or practiced to guide you and your trades specially when you are a newbie.Most of the newbies acquire thoughts and ideas with other traders but o not somebody a mentor.So one needs to do a outperform planning and analysis before trading.
Hello Everyone, you have experienced the worst thing that can happen to a new trader but is a very common story, including to me. You thought you were a natural making great gains and before you were REALLY ready you used real money and gained then lost it all. I lost $1000 so you were lucky. Advice.. don't trade real money till you have traded demo for two months and have a proven track record of success. I know you won't like to hear it but you are not a natural at trading, just about no one (maybe no one at all) is. I thought I was but $1000 loss was a good tuition fee to prove I was not so here is the choice you have. Choice #1 Trade demo at least two months to experience many market and trade situations. Learn to use stops properly. Learn to trade safely with your own style. Learn more about trading, you cannot learn it in two weeks even if you study all day every day and you also never stop learning which even pros will tell you. Choice #2 Do what every one does and ignore good advice (like I did) and trade real money now and loose it all. Remember trading is not easy. The money does not fall out the sky, it has to come from some ones pocket. If it was easy every one would just do it and make heaps of money straight away. I have been trading since feb this year and just starting on real money again and making slow headway on a $100 account. 2 weeks + 1week minus. Keep working on it an you will eventualy prosper but remember ITS NOT EASY and your loss is the proof of that. Sounds hard and cruel but its just the truth but honesty with your self is really important to be a good trader. Please note I am not a good trader but I will be because I have not given up despite the worst feelings of fear, frustration, anger, self pitty and feeling stupid. Anyway my 2 pips worth there. If your offended by this, then you are not emotionally ready to trade. Thanks.Quote:
Originally Posted by s19
Yes having a daily experience in forex trading is a good idea since it helps to develop a forex trader to be a better trader. It allows us to have good practises in our trades till we become expert traders.Quote:
Originally Posted by mesbahjsr
You are absolutely correct friend and i think it is basic things to learn from our past mistake and after every lossing trade we need to think why such loss and next time have to try not to do the same mistake . but my bad luck i am victim many time of emotion and although i know what is my fault but i am not able to fully control myself.
things I learned today
we should be able to control emotions and psychology
we must know the market conditions are favorable, if there is a chance it is recommended that we enter the market by using a full lot, so we will get the maximum benefit
Yesterday I did not take any trades. I missed the EUR/USD move which I wanted to trade from 1.3100 to 1.3200. If I had taken the trade I would have made up to 100 points. I hope to take better trades next week. I am wondering what the trend will be like with the NFP coming out at the end of the week and the Private payroll data ADP NFP coming out on Wednesday. I hope to trade the ADP NFP and make good profits from that news event.
i trade volume 0.1 and profit 5$ in gbp/usd.
Sometimes i earned good amount of money from Forex market. Daily practice in Forex market can help a person to gain knowledge and experience. So trading in Forex is essential for everybody to earn good amount of profit. Good amount encourage a person to earn money. Thanks.