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Thread: Successful traders isolate themselves from the opinions of others.

  1. #2157
    Member solihun has a spectacular aura about solihun has a spectacular aura about solihun has a spectacular aura about solihun's Avatar
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    Thus, a successful trader does not make moves based on what should happen but reacts to what is happening. I think, except in unusual circumstances, get used to taking your profits too quickly. Do not torture yourself if a trade keeps winning without you. That possibility will not last long. If so, concentrate on thinking all the time while liquidating the initial profit you've lost. The winning and wise traders must be forced to become genuine, because this they produce their own strategies that offer them an advantage. they need to lose, before making the simplest advantageous arrangements, but once they produce it, they will make reasonable money. I do not think they are using any mechanism program they trust only for their skills and brains.

    Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.


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  3. #2156
    Junior Member goshient786 is on a distinguished road goshient786's Avatar
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    Indeed companion I am completely concur with you...successful merchants now and then dont demonstrate their exchanging procedures and if so...then it isn't a genuine saying that in that way we as a whole have the capacity to procure a gigantic sum in such way...so I feel that we ought to take after our own particular systems and may take after specialists..

    Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.


  4. #2155
    Member Uzir Shaikh is a glorious beacon of light Uzir Shaikh is a glorious beacon of light Uzir Shaikh is a glorious beacon of light Uzir Shaikh is a glorious beacon of light Uzir Shaikh is a glorious beacon of light Uzir Shaikh's Avatar
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    Ji Bilkul, successful trader ki nishani hi yehi hai k wo kisi k bhi signals per amal nhi karta na hi wo kisi k analysis per trade karta hai, me apko apna experience batata hun k me jub bhi analysis kar k kisi se share karta tha to ab me kisi pair ko sell show kar raha hota tha to koi senior mujhy kehta k nhi tum ne ghalat kiya hai or ye Buy hai, me buy krleta tha or mera stop loss hit hojata tha. Or esa itni baar hua k mera account wash hogaya lekin phir mene khud se ye promise kiya or irada kiya k aiynda me apny hi analysis k sath stick rahunga kyun ki me jaanta tha k agar mujhy loss hua to mujhy kuch na kuch seekhne ko hi milega, or ab mera account achi position per hai, me successful na sahi lekin meri trading pehly se behter hai or me yehi kehta hun k successful trader hamesha khud ko dusro k analysis se hamesha alag rakhty hen.

    Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.


  5. #2154
    Member ch tayyab will become famous soon enough ch tayyab will become famous soon enough ch tayyab's Avatar
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    General Rules

    Always limit my losses, by applying strict money and risk management.

    Do not break the rules as set out in this plan.

    If I do I am not allowed to trade for 1 week

    If I dont break the rules for every trade I will reward myself with a coffee with Nina and cuddles with Mia.

    Always plan the trades and trade the plan!

    I will always follow rules No 1 and 2
    Remember that a bear market will give back in one month what a bull market has taken three months to build.

    Psychology

    I believe that successful trading is a learned SKILL. It is both a science and an art and consistent profitability is achievable and duplicateable.
    My success is unlimited. I can achieve anything. Where others see impossibility, I see unlimited opportunity.
    I believe that financial markets are 100% psychology driven not the other way around.
    Price patterns are a reflection of the collective psychology of a large number of traders
    My mental state the largest element of my trading edge and the key to my success. I must be rested, fit, healthy and mentally alert. Accepting the stress of trading by keeping focussed, calm, disciplined and not distracted is essential for being a professional trader. I will constantly assess and adjust my trading state in order to maintain a mindset conducive to greatness.
    Negative emotions are my biggest enemy and I can train myself to subconsciously focus only following my plan and never to focus on wins and losses.
    I am highly disciplined trader committed to trading only for profit and strictly adhering to my plan: strategies, rules and SOPs.
    My style of trading is
    medium aggressive as I prefer to wait for the relative extremes to increase my odds.
    Technically driven by supply and demand levels
    I am trading all three styles day-, swing- and position trading outright.
    I will not have a bias as to where the market may or may not head. I will analyse price patterns objectively and act according to my plan.
    I trade what I see, not what I think!
    I understand I cannot control the market. I can only control myself.
    Losses are acceptable and statistically expected. I will minimise them by exercising compliance to my own rules, avoiding impulse trades and never, ever trading without a stop.
    Trading in my business and I am here to make a large profit from it. The market will pay for my familys life and retirement



    I have the skills to be a lifelong successful trader: passion, diligence, patience, discipline, determination and will channel them into successful trading.
    Making money in the Market is a tough and good and honourable profession that only the toughest will prevail doing.
    I can trade any instrument and strategy I want.
    Trading will enable me to give back to the world that needs it.

    I never let anyone talk me in or out of a trade

    I do not overtrade and am patient I wait for the extremes! I will zoom out and check the weekly curve to ensure I am aiming for an extreme. Set the alarm and move on.

    When I learn something new or experience a new situation, I make a note of it in the journal and look to create a rule so I can consistently manage it in the future.

    The key is to find consistency doing something that works through rules and discipline.

    It is not about the system, it is about believing in my rules and my plan.

    I always keep a positive attitude, no matter how much I lose.

    I dont take the market home

    Successful traders buy into bad news and sell into good news.

    Successful traders are not afraid to buy high and sell low.

    Successful traders have a well-scheduled planned time for studying the markets.

    Successful traders isolate themselves from the opinions of others.

    I never get into the market because I am anxious because of waiting.

    I avoid getting in or out of the market too often
    Losses make the trader studious not profits. I take advantage of every loss to improve your knowledge of market action.
    The most difficult task in speculation is not prediction but self control. Successful trading is difficult and frustrating. I am the most important element in the equation for success.
    I always discipline myself by following a pre determined set of rules.
    I expect and accept losses gracefully. Those who brood over losses always miss the next opportunity, which more than likely will be profitable.
    The key to successful trading is knowing myself and my stress point.
    The difference between winners and losers isnt so much native ability as it is discipline exercised in avoiding mistakes.
    In trading as in fencing there are the quick and the dead.
    Speech may be silver but silence is golden. Traders with the golden touch do not talk about their success.
    I dream big dreams and I think tall. Very few people set goals too high. A man becomes what he thinks about all day long.
    I accept failure as a step towards victory.
    Have I taken a loss? I forget it quickly. Have I taken a profit? I forget it even quicker! Dont let ego and greed inhibit clear thinking and hard work.
    I cannot do anything about yesterday. When one door closes, another door opens. The greater opportunity always lies through the open door.
    The deepest secret for the trader is to subordinate his will to the will of the market. The market is truth as it reflects all forces that bear upon it. As long as I recognize this I am safe. When a trader ignores this, he is lost and doomed.
    Its much easier to put on a trade than to take it off.
    If a market doesnt do what you think it should do, get out.
    Beware of large positions that can control my emotions. Dont be overly aggressive with the market. Treat it gently by allowing your equity to grow steadily rather than in bursts.
    You must believe in yourself and your judgment if you expect to make a living at this game.
    A loss never bothers me after I take it. Forget it overnight. But being wrong and not taking the loss that is what does the damage to the pocket book and to the soul.
    I will never brag of winnings.
    Standing aside is a position.
    It is better to be more interested in the markets reaction to new information than in the piece of news itself.
    If I dont know who I am, the markets are an expensive place to find out.
    In the world of money, which is a world shaped by human behaviour nobody has the foggiest notion of what will happen in the future. Mark that word Nobody! Thus the successful trader does not base moves on what supposedly will happen but reacts instead to what does happen.
    Continually strive for
    patience,
    perseverance,
    determination, and
    rational action.
    When the ship starts to sink, dont pray jump.
    IT IS A BIG OCEAN OUT THERE. NO ONE CARES ABOUT me
    Get your mind right and focus on what is important TAKING PROFITS.
    I shall take all I can and give nothing back.
    I visualise my trophy trades regularly.
    I must properly in the market and condition my brain to respond in the moment.
    Trading for me is SURFING. Waves and currents. In order to win (profit), as a trader, you must be able to determine who is in control at any time.
    To paraphrase the principles of Sun Tzu: What you do determines whether you lose. What the market does determines whether you profit.
    I will master the simple and stay focused! Thats all I need to profit in the market.

    Trade Management

    Always follow the rules for trade entry and management

    Always perform the complete analysis process

    Always enter trades with bracket orders. That ensures all targets and stops are in place at entry. Do not enter with a market order if possible.

    Never EVER trade without a stop.

    Look left for levels, then look left again

    Always maintain discipline in every regard at all times as it relates to executing my trading plan. I am a professional, full time trader. I am interested in profit. Trading is my business.

    Avoid impulse trading. Plan the trade and trade the plan.

    IPDE: Identify, Predict, Decide and Execute

    Get the SETR (Stop, Entry, Target) info for every trade

    If the internet goes down I call the broker to go flat. Then work on technical challenges to go back on online.

    Keep it simple and always look to simply further.

    Document and review every trade taken, every day.
    Dont ever allow a big winning trade to turn into a loser by taking profits and moving stops. Stop yourself out if the market moves against you 20% from your peak profit point.
    You must have a program, you must know your program, and you must follow your program.
    Except in unusual circumstances, get in the habit of taking your profit too soon. Dont torment yourself if a trade continues winning without you. Chances are it wont continue long. If it does, console yourself by thinking of all the times when liquidating early reserved the gains that you would have otherwise lost.
    The action is fast sometimes and you have no time to THINK.

    Risk and Money Management:

    Limit your losses use stops !

    Never Cancel a stop loss order after you have placed it!

    Never enter a trade without a stop

    For swing trades trade only the BEST (=RRR) & EXTREME Levels!

    Do not

    Day trade: Monday in the 1st hour, 15min before and after a news announcement and before 10 am (?)

    Swing Trade: Friday after lunch

    Position Trade: with any bias

    Watch out for red new items and set alarms, every morning
    Split your profits right down the middle and never risk more then 50% of them again in the market.

    Capital Preservation:

    any more than two full stop outs per day stop trading!

    I will never move my stop loss away from my entry, only ever towards or past it

    Always perform position sizing analysis (esp pip value for Cross Pairs)

    2 red days in a row and stop trading for the remainder of the week and look at failed trades

    Never add to a losing position.
    Of all speculative blunders, there are few greater than selling what shows a profit and keeping what shows a loss.
    Lose your opinion not your money

    Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.


  6. #2153
    Banned hafiz shahid iqbal is a name known to all hafiz shahid iqbal is a name known to all hafiz shahid iqbal is a name known to all hafiz shahid iqbal is a name known to all hafiz shahid iqbal is a name known to all hafiz shahid iqbal is a name known to all hafiz shahid iqbal's Avatar
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    g han g successful traders men bohot hi qualities hoti hen jin men sy aik ye b hy k wo apnay seniors sy advice letay hen k un k liay kya best hy or kya nhi agar krtay wo apni hi hen or apni own ki stretegy py amal krtay hen or us k through bohot profit earn krtay hen ......meri tmam friends sy guzarish hy k aik successful trader bn'nay k liay jo ho skay kren advices len or apni khud ki advice pr amal kren

    Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.


  7. #2152
    Banned hmforex has a reputation beyond repute hmforex has a reputation beyond repute hmforex has a reputation beyond repute hmforex has a reputation beyond repute hmforex has a reputation beyond repute hmforex has a reputation beyond repute hmforex has a reputation beyond repute hmforex has a reputation beyond repute hmforex has a reputation beyond repute hmforex has a reputation beyond repute hmforex has a reputation beyond repute hmforex's Avatar
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    Quote Originally Posted by kashifrehman View Post
    Successful trader always follow their own trading strategy and rules thay did not act on other advice, and they always follow their own analysis and they have a well-scheduled planned time for studying the markets and than make decision for trading.
    For sure my migraine truly confide in somebody .prosperous speculators some of the time don't show their own purchasing and offering strategy and along these lines ... after that it isn't a unique articulation so we as a whole can deliver such expansive amounts of technique ... also, I trust that we need to comply with our own particular strategies and have the capacity to stick to masters. The precise ones are the differing financial specialists, simply focusing on the other individual's perspective, however they just notice that not so much carry on, just the individuals who do what they need to do. Since prosperous financial specialists have enough comprehension to finish their own particular assessment after the business

    Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.


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  9. #2151
    Member kamcah has a spectacular aura about kamcah has a spectacular aura about kamcah has a spectacular aura about kamcah's Avatar
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    Indeed my headache really trust someone ... prosperous investors sometimes do not display their own buying and selling method and therefore ... after that it is not an original statement so we all have the ability to produce such large quantities of method ... and I believe that we have to abide by our own methods and be able to adhere to specialists. The accurate ones are the diverse investors, just paying attention to the other person's point of view, but they only notice that not really behave, only those who do what they have to do. Because proxperous investors have enough understanding to complete their own evaluation after the ijdustry ..

    Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.


  10. #2150
    Senior Member jobless has a reputation beyond repute jobless has a reputation beyond repute jobless has a reputation beyond repute jobless has a reputation beyond repute jobless has a reputation beyond repute jobless has a reputation beyond repute jobless has a reputation beyond repute jobless has a reputation beyond repute jobless has a reputation beyond repute jobless has a reputation beyond repute jobless has a reputation beyond repute jobless's Avatar
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    Quote Originally Posted by kashifrehman View Post
    Successful trader always follow their own trading strategy and rules thay did not act on other advice, and they always follow their own analysis and they have a well-scheduled planned time for studying the markets and than make decision for trading.
    I have been a dealer of benefits for my business and I have possessed the capacity to do as such, we have been chipping away at the Forex for research and we are working intimately with the Forex market and we have possessed the capacity to do the aptitudes that we have been doing to make the activity harder to do the diligent work. If it's not too much trouble send me a rundown of brokers to purchase. I have revealed to you that I am a dealer, I have a methodology to rely upon my procedure, yet I don't know how to deal with it, yet I don't comprehend what I'm doing, however I don't recognize what any of my inquiries are. I don't recognize what I can do yet I can not get it.

    Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.


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  12. #2149
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    forex can be a smart job or trading business. Successful traders always have to completely hide their trading strategy. they really do not really need to tell anyone about their strategy. they did not at all take anyones recommendations for trading. they actually transact depending on their own opinions and turn to be able to trade. A trader should watch a lot of demo accounts. he should try to take specific strategies to create profits consistently and he must always use at all times in real trading. It is very possible for forex traders to actually get 1000 pips in their trading in one trading day. But the real truth remains that in forex trading, making such pips does not come at any time so traders should know that they should target a smaller profit and possibly more likely

    Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.


  13. #2148
    Banned rehanayaz2 has a reputation beyond repute rehanayaz2 has a reputation beyond repute rehanayaz2 has a reputation beyond repute rehanayaz2 has a reputation beyond repute rehanayaz2 has a reputation beyond repute rehanayaz2 has a reputation beyond repute rehanayaz2 has a reputation beyond repute rehanayaz2 has a reputation beyond repute rehanayaz2 has a reputation beyond repute rehanayaz2 has a reputation beyond repute rehanayaz2 has a reputation beyond repute rehanayaz2's Avatar
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    The successful and good traders need to be original,because of this they create own strategy that gives them profit.Of corse they have looses,before make the best profitable plan,but when they create it they will start earnings good money.I think they don't use any robot programs they trust only to them experience and brain.

    Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.


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