Share 2 best things you learnt from forex

I've learned to:

1. Believe in myself
2. Be patient and persevere/work hard

With these, I know that I'll become one of the successful traders

For me 2 best thing i learn from forex is:
1.my decision can take me to high place or very low place..decision is really important..
2.My emotion can ruin everything..especially greed..it can destroy ur account..

two things I can learn from forex is
1. do not ever stop dreaming because that's what keeps us living spirit
2. all things in this world there must be risks and benefits, which is directly proportional

Quote:

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Originally Posted by fxmoney

Yes patience is very important. Most of the time we close our position to early due to the fear of reversal in the pair and miss huge profit from that pair. so you must have to trade for the long term then you will able to manage good profit and you can also develop skill of be patience while trade is on.

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yes i agree with you. forex trading main humain apne patience ko control karna hota hai. dusra emotion ko control karna. agar hum apne emotions ko control main rakhen ge to hum kabhi bhi trading main loss nahi karte. kyun ke agar hum emotional ho jaye ge to is ka effect humari trading pe paray ga.

I have learned so much things from forex that it is difficult to choose only to.The first thing that comes in mind is that after starting learning forex I realize about myself like what kind of control I need over my emotions and faces the hard reality of earning money and the second one is how should I conduct a business and how to think about it and what is logical to expect from business.

Quote:

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Originally Posted by ali1011

i learn 2 best things this things are this
1 money management
2 greed control this things are very important for every forex trader and we should use thins learning tips.

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greed and fear is also a big problem for traders who do business because the rule will be a lot of greedy strategies and systems used are often violated and if the analysis is consistent with the strategy will be destroyed and not in compliance with fear sedangnkan analyzed is usually due to frequent failed does not trust the analysis of price movements that often traders became hesitant.

Quote:

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Originally Posted by tenma

greed and fear is also a big problem for traders who do business because the rule will be a lot of greedy strategies and systems used are often violated and if the analysis is consistent with the strategy will be destroyed and not in compliance with fear sedangnkan analyzed is usually due to frequent failed does not trust the analysis of price movements that often traders became hesitant.

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when we had doubts in the trade we made in this trade then we will be able to have a trade that might not be able to make good in our trade with the analysis of existing trade so be careful you do trade with these conditions

Forex trading is the most important money management for the all trader.Because It can save our account and to save us from the big loss.So money management is important.It also important for us to trade long time.As a trader we should save our account long time.And also need emotion control.it is depend on the trading condition and experience.

maine ab tak forex main ye sikha hai ki agar sab se jaruri hai to wo hai money management.
agar aap ka money management acha hai to aap simple strategy ka use kar ke bi acha profit kama sakte hai or market main long time tak rah sakte ho.

The two things that I consider back bone for successful trading are :
1 )_ Avoid Greed
2 )_ Have Patience