There is a proverb that practice
Biedrs kopš
183 ieraksti
Mar 05, 2022 at 04:52
Forex doesn’t only require human effort; it also requires some human qualities, including patience. As long as you don’t have patience, you can’t be a good trader. So, develop your patience even before igniting your trading skill. The reason is that your skill will be of no use until you have patience.
Biedrs kopš
183 ieraksti
Mar 06, 2022 at 04:30
Whether it is Forex trading or any other profession, patience is necessary everywhere. It is a human quality that helps a person to be determined and focused on his work. But we see the absence of such highly required human qualities among traders. Owing to this reason, a trader can hardly advance in trading.
Biedrs kopš
15 ieraksti
Mar 14, 2022 at 08:02
That’s very much true in any part of life. Without getting out of your comfort zone, you will not get anything in life. Thus, traders should develop a practice of learning from their trades. To achieve that, backtesting is the best solution. So follow a simple pattern—backtest your trades regularly, find loopholes, revise your strategies for future trades.
Biedrs kopš
538 ieraksti
Mar 14, 2022 at 09:13
SteveFx11 posted:Very much lacking in new traders though as the focus is on making money quickly too often. Then they go down the route of looking for shortcuts which ironically turn into the total opposite.
Whether it is Forex trading or any other profession, patience is necessary everywhere. It is a human quality that helps a person to be determined and focused on his work. But we see the absence of such highly required human qualities among traders. Owing to this reason, a trader can hardly advance in trading.
If you can't spot the liquidity then you are the liquidity.
Biedrs kopš
18 ieraksti
Mar 17, 2022 at 08:14
Practice plays a very important role in making traders well versed with the trading strategies and the trading platform. More a trader practice, more hold he gets on his trading strategy and operating the trading platform.
Biedrs kopš
401 ieraksti
Mar 17, 2022 at 15:42
Practicing and trading on a demo account are crucial for success and I believe the more practice you have, the more prepared you will be when you open a real account. Still though, this doesn't guarantee that you will do as well trading live or that you'll make money.
Biedrs kopš
183 ieraksti
Mar 19, 2022 at 04:44
In Forex, there is no alternative to practicing for learning about trading. No video tutorial and e-book is capable to giving you so much knowledge that practice can give you. So, make practicing your trading partner and I assure you of success from trading. Lacking of practicing tendency can lead to losses.
Biedrs kopš
399 ieraksti
Mar 22, 2022 at 08:04
SteveFx11 posted:
In Forex, there is no alternative to practicing for learning about trading. No video tutorial and e-book is capable to giving you so much knowledge that practice can give you. So, make practicing your trading partner and I assure you of success from trading. Lacking of practicing tendency can lead to losses.
I agree, the market is the best educator. You cant progress as a trader unless you're live trading(after learning a strategy and doing due diligence of course)
Biedrs kopš
61 ieraksti
Mar 22, 2022 at 09:36
Practice make human perfect, is one of my favorite proverbs ever!
Biedrs kopš
183 ieraksti
Mar 23, 2022 at 04:28
There is no alternative to practicing because this is the only way a trader can develop through. But, unfortunately we see traders out of the tendency to practicing. This is the reason that lags them behind. They should not depend on indicators’ signals because these signals go wrong maximum of the time.
Biedrs kopš
83 ieraksti
Mar 23, 2022 at 09:35
Michihito posted:To an extent yes, but sometimes no. Forex isn't for everybody. You can put in days, hours, weeks, months or years and still be unsuccessful.
There is a proverb that practice makes a man perfect. Do you think that this proverb is suitable for Forex market. I think it is true. If you practice demo trading, follow the basic rules of Forex trading and thus in this way you can get proper training through this practice then you surely do better in Forex business.
Biedrs kopš
105 ieraksti
Mar 29, 2022 at 21:32
Practice makes perfect as they say but sometimes its not enough you need passion for this business
Biedrs kopš
29 ieraksti
Apr 26, 2022 at 04:38
When you practice, you gain confidence and enhance your skills in a particular domain, same way when you talk about forex trading, it is important to understand the market and it’s shifting tendencies before you use real money, this way, you avoid the risk of losing your capital and are able to productively use the opportunities to your advantage.
Biedrs kopš
25 ieraksti
Apr 28, 2022 at 05:10
Yes, I believe with patience comes great success. Especially, when it comes to trading, the uncertainty that the market brings to the equation can be quite challenging and stressful for traders, new or experienced. With only practice you will be able to understand how a particular system works. Likewise, to be able to ace trading, practice on a demo account is quite valuable and it also gives you a wide view of the dynamics of the market environment.
Biedrs kopš
63 ieraksti
Apr 28, 2022 at 06:46
Yes, there is no substitute to practicing more and more. And you already know that traders make a frequent mistake like whenever they see the market following uptrend, they make a buy entry without thinking and they did the opposite when they see the market following downtrend. Practicing helps traders recover from these mistakes.
Biedrs kopš
20 ieraksti
Apr 28, 2022 at 07:03
Practice indeed makes a man perfect be it in trading or in life. I have overcome so many challenges as a trader, never gave up and happy to report that i have been doing pretty good at the moment.
Biedrs kopš
45 ieraksti
May 03, 2022 at 05:48
Practice gives the trader experience which helps in refining the trading skills.
Biedrs kopš
56 ieraksti
May 04, 2022 at 05:46
It’s true, and it applies to all fields of life including forex. When a trader practices on a demo account, he gets used to the working of the real market and can form better strategies.
On the other hand, there are also some traders who try the ‘hit and trial’ method when trading from a live account. This is extremely harmful and unless you are so lucky that every strategy you apply turns out as a success or profit in the ‘hit and trial method’, you will soon turn bankrupt from losses.
So please don’t try new strategies that you have formed in a live account, but a demo account.
On the other hand, there are also some traders who try the ‘hit and trial’ method when trading from a live account. This is extremely harmful and unless you are so lucky that every strategy you apply turns out as a success or profit in the ‘hit and trial method’, you will soon turn bankrupt from losses.
So please don’t try new strategies that you have formed in a live account, but a demo account.
Biedrs kopš
41 ieraksti
May 05, 2022 at 04:14
Practice, indeed, makes a trader perfect. And this is what’s gonna help in the longer run.
Biedrs kopš
51 ieraksti
May 07, 2022 at 10:31
“Markets go up the stairs and down the elevator.”
'Practice without improvement is meaningless.
'Practice without improvement is meaningless.
