Avoid predicting the markets, Rather be reactive.
Mitglied seit Jul 20, 2020
341 Posts
Nov 18, 2020 at 17:58
Yes. If you are a new trader, please don't predica\t the market. Follow the market on how it goes.
Mitglied seit Aug 21, 2020
12 Posts
Nov 23, 2020 at 15:29
Danny2018 posted:hi @Danny2018 pls elaborate further as to on what would you like me to help with?
tell me how i can start
please
Mitglied seit Mar 17, 2021
536 Posts
May 24, 2021 at 18:36
Every trader should do their trading according to the market situation.
Mitglied seit Jul 23, 2020
869 Posts
Jun 09, 2021 at 06:10
Use strategy to make a profit rather than making random trades.
Mitglied seit Jul 23, 2020
759 Posts
Sep 05, 2021 at 13:40
Proper analysis can help you to predict the future market.
Mitglied seit Jun 15, 2021
16 Posts
Sep 06, 2021 at 07:11
@SofieAndreasen i don't concur , no analysis helps you predict the market but they help you to make your strategies as per previous market movements.
Mitglied seit Aug 21, 2020
12 Posts
Sep 06, 2021 at 11:17
Akasuki posted:true that a strategy is needed, for example one can never bet on a horse they dont have any info on
Every trader should have strategy and plan and they should stick to it. It the market situation is not supporting your system, stay away from the market.
Mitglied seit Aug 21, 2020
12 Posts
Sep 06, 2021 at 11:34
mattieharper posted:well said there @mattieharper
@SofieAndreasen i don't concur , no analysis helps you predict the market but they help you to make your strategies as per previous market movements.
Sep 06, 2021 at 19:49
polyeseter posted:
when i started trading i learnt a few strategies and pair patterns but was still loosing more than i can make, but this was only until i learned to rather react than predict, so i would recite to myself 'reacting is trading and predicting is gambling' keep in mind you must not be emotional about losses,
what also played a big role in my improvement was to understand that when it is said that about 70% looses their money, for me it was 'out of 10 trades you will loose 7 and win 3 ' so my 3 wins has to bring in more than all 7 loses😄 now this has made trading exciting even more
keep calm and a focused mind wishing y'all a successful trading journey
Good post totally agree
Mitglied seit Mar 17, 2021
536 Posts
Nov 13, 2021 at 17:47
polyeseter posted:Proper strategy can make you rich.Akasuki posted:true that a strategy is needed, for example one can never bet on a horse they dont have any info on
Every trader should have strategy and plan and they should stick to it. It the market situation is not supporting your system, stay away from the market.
Jan 13, 2022 at 19:36
I quite agree with you, it sometimes is almost impossible to predict the market and the future price movement, however fir this thing we use technical or fundamental analysis. Everything here is concluded in the theory of possibility and all traders have to understand it. If you know technical analysis on hundred percent it doesn't mean that you will know the future direction of the price of particular assets.
As for the reacting, then of course you should followe the latest news and always be ready for fast changes, for example, if you see that the price goes high and it literally flies to the moon, then yiu should find a moment when open short position, if you will do it on top, then you will definitely close this position in plus.
As for the reacting, then of course you should followe the latest news and always be ready for fast changes, for example, if you see that the price goes high and it literally flies to the moon, then yiu should find a moment when open short position, if you will do it on top, then you will definitely close this position in plus.
KhoiDam
Mitglied seit May 11, 2020
21 Posts
Jan 20, 2022 at 20:42
It's pretty right policy, however avoid predicting the markets sometimes might be harmful for you. You know, trading activity is based on predictions, so basically, you have to predict the future price movement on particular assets. If you will just remain rwactive, then of coursde it might bring you profits, for example, if you see that your asset goes to the moon you can definitely open a position in short, because such movements also are followed by correction to the previous levels. I believe that here everything must be combined, if you will predict the market and react quickly on various changes on the market, then nothing will be able to break you down.
Jan 27, 2022 at 07:37
It’s true that you have to predict the market to make good profits. But do you think you will be able to do that from the very beginning when you don’t even have any idea about what is happening. No, right! So, first, educate yourself, gain experience by going with the market, and then, practice predicting it.
Jan 27, 2022 at 08:19
Со временем придет опыт и новые трейдеры научатся торговать. Будет много потерь денег. Только торговать надо учится на реальные деньги, а не на демо. Таким образом происходит закалка психологического состояния трейдера. Без падений и ошибок опыт не придет. Это сравнимо с ребенком , который только учится ходить. Он встает и падает, встает и опять падает. И начинает думать, Почему Я упал. Пробует опять. И опять и опять. Итог очевиден.
Тише едешь дальше будешь.
Jan 27, 2022 at 09:45
frandunn posted:Exactly! This is the right way to succeed in the forex market. Those who follow win, those who do not fail. Simple!
It’s true that you have to predict the market to make good profits. But do you think you will be able to do that from the very beginning when you don’t even have any idea about what is happening. No, right! So, first, educate yourself, gain experience by going with the market, and then, practice predicting it.
