Experienced trader

Apr 11, 2019 at 10:48
2,506 Views
23 Replies
Member Since Jul 23, 2020   759 posts
Feb 03, 2022 at 17:47
You need to be aware that you are not actually investing in stocks or assets, but in the strategies, you have built and tested to succeed.
Member Since Mar 31, 2021   229 posts
Oct 03, 2022 at 13:11
Everything is possible. This is true. But I would not blame the newbies for something. Everything will come with experience. You just have to wait a little time and constantly train your skills.
Think thrice before opening an order
Member Since Sep 06, 2022   26 posts
Nov 09, 2022 at 07:15
I think an experienced trader will have some edge due to their in-depth knowledge and advanced trading skills. Just being experienced would mean nothing if you don’t have enough knowledge and trading skills. So, a trader needs to keep on learning for a long time in order to attain this edge that comes with experience.
Member Since Aug 05, 2021   401 posts
Dec 09, 2022 at 15:33
I think time and experience just helps traders to manage their emotions better. More seasoned traders understand that losses are normal and are able to shake it off and keep going. Beginners get a lot more upset about it and try to regain that money but wind up losing more in the end. It's a hard lesson to learn, but understanding trading psychology can help us to identify when this is happening and to put a stop to it.
Sign In / Sign Up to comment
You must be connected to Myfxbook in order to leave a comment
*Commercial use and spam will not be tolerated, and may result in account termination.
Tip: Posting an image/youtube url will automatically embed it in your post!
Tip: Type the @ sign to auto complete a username participating in this discussion.