%% MAYBE the best risk/reward = plenty of printed charts Demo may work well if one has a photo memory + i dont. But brokers like demos, so have to look @ all the angles
the main thing i have come to learn from every thing in trading is that you can only rely on your self, no one else out there is going to make you money or build your knowledge of trading and discipline. not saying that you cant work with others to grow or help each other out. but in the long game it is all about the time and energy you put in to building and growing your self as a trader to where you will achieve your best.
%% Sounds /looks easy; but then\ have to wonder why there are so few day trading companies\+ fewer that last.NOT saying it cant be done..................................................................
i think it’s important to find a trustworthy broker one that is well recommended and of course one you have researched I’ve found useful help on social media It’s good to have a plan/strategy I personally think it’s important it’s deffiently not a get Rich quick scheme it takes time and knowledge luckily there is help out there agree set achievable targets no race just take time and learn from mistakes
i think through a journey of entering forex world many people go though different stages. you get hit by all the gurus and money and think yeah i can do this and get rich. then you lose it all. then you see a signal service and think yeah i can make it all back and go and lose some more. then you start using indicators and EA's and think ok now i know how to trade and follow some guy on Instagram. Then lose it all again. at some point some will give up and some will keep going. some will keep buying in till there money has all gone and some will find education and build there knowledge to become traders. its just the story of forex
1. You can never stop learning enough about Forex and yourself. 2. 90% Psychology 10% Trading System. 3. Your Exit - (Risk to reward) is far more important than your Entry 4. Follow your rules (System) and only makes changes to your system based on historical data - not your emotions. 5. Chose the right broker that fits your trading style, account size, and your trading goals. And just keep trying. It's not a sprint, more a marathon.
i agree on most points there, broker choice is important but not as important as many people think, do a little research first before making that choice, i think point 5 is very important
The success of your trading career doesn’t depend on how many trades you execute in a day. But how many of them turn out to be profitable. It’s not just about entering a trade at the right time but also about exiting from a trade at the right time. You might lose sometimes but the profits you make should be on the greater side.
Some very good points here, number 2 was the first hard lesson for me! For me learning Risk Management above all else.'Mastering' 'Understanding' was the break through lesson for me and is what has kept me in the Forex markets!