What works?
Členom od Dec 28, 2019
25 príspevkov
Aug 04, 2021 at 19:23
Everything works and nothing works at the same time. All of indicators and oscillators have the right to exist but they give the wrong information or we tend to interpret the information in the wrong way when they work solely. The best way to use indicators in trading is to use the combinations of them, so that signals of one indicator will be proven by the signals of some other indicators.
Členom od Jul 19, 2020
751 príspevkov
Aug 05, 2021 at 05:29
@Mirakelv I agree with you. Most of the time we interpret the market wrongly. Due to fear of missing a trade, many times we jump into the market too early or too late.
Členom od Mar 16, 2021
477 príspevkov
Aug 17, 2021 at 13:14
LukeRachel posted:Yes, of course, I like to do sentimental analysis. Therefore, trading has to be done depending on the market condition.gwendolyncole posted:To understand the market conditions, traders need to understand the sentiments and discipline that should be managed to make a profit properly.
@LukeRachel I completely agree with you that discipline is one of the most vital aspects of trading. Undisciplined trading would make it very difficult to manage risk and result in a loss most of the time. Also to keep in mind that disciplined trading would always result in a profit but it reduces the chances of loss.
Členom od Sep 12, 2017
238 príspevkov
Aug 17, 2021 at 13:18
Thats true, every trader actually comes with a different mind set which can be seen on the performance. copying each other is not a good idea and healthy practise.
Členom od Jul 27, 2021
20 príspevkov
Aug 19, 2021 at 12:35
Any trading system doesn't work. Actually a little bit different words could be more correct: it works with a 50% probability. And only an experienced and consistent trader can increase the chances of profit by controlling risk.
Členom od Aug 19, 2021
244 príspevkov
Aug 19, 2021 at 14:17
Oh yeah everyone is unique. But most of all traders do the same mistakes each time. Maybe that's why most of all profitable period may end.
Or I can be wrong. And many people have a lot of profit because of forex. Who knows...
Or I can be wrong. And many people have a lot of profit because of forex. Who knows...
Členom od Jul 22, 2020
23 príspevkov
Oct 05, 2021 at 20:04
Knowledge, skills and discipline matter very much. I know that it is too wide, bu specifics are not objectively effective. Some traders feel that the combination of certain indicators, but they are not common for everyone. People are different and they have different personalities, that is why there are so many trading strategies which are effective for one people and can be absolutely useless for others.
Členom od Jul 20, 2020
399 príspevkov
Oct 06, 2021 at 07:08
Mnern posted:
Knowledge, skills and discipline matter very much. I know that it is too wide, bu specifics are not objectively effective. Some traders feel that the combination of certain indicators, but they are not common for everyone. People are different and they have different personalities, that is why there are so many trading strategies which are effective for one people and can be absolutely useless for others.
I agree, i think you have to do your own due diligence and come up with a strategy that suits you. It takes so much tweaking and even the smallest one can make a huge difference. I think the biggest is perserverance. You need to believe in yourself and believe that you will find success and not deviate from this
Členom od Oct 06, 2021
15 príspevkov
Oct 06, 2021 at 10:21
Having the ability to come up with the strategy is one of the best way to start it off, I would say. So best to start preparing the right strategy and see if it can work for you in your trading.
Členom od Dec 09, 2013
139 príspevkov
Oct 06, 2021 at 15:47
UweMoench posted:Yes, every one is different. Trading style depends on individual's personality. A trader may be very comfortable with H4 chart trading. His signal may not work for someone who loves to get things done in a hurry. He may be a trader of 15M chart. This is what we have to realize. That is why it is best to trade on own analysis and strategy.
I think it is relative that what works and what doesn't. What works for one may not work for others. Every trader is unique in psychologically. That's why all successful traders have their own trading style and strategy. It's the common traders who try to exact copy of others style and strategy.
Členom od Aug 10, 2020
7 príspevkov
Oct 06, 2021 at 19:55
The only thing that works on the forex markets is common sense which is free from emotions. I am not going to touch upon trading strategies and perceptions of the markets because different people have different opinions on forex. However, the only thing which unites all of the successful traders is common sense which is not influenced by psychological distress.
Členom od Jun 14, 2021
53 príspevkov
Oct 08, 2021 at 10:35
@Cenaya well said , It's all about how a trader evaluates the market conditions and plays his bets.
Členom od Jul 19, 2020
751 príspevkov
Nov 06, 2021 at 12:09
@marindateal Yes that's why we can't make profit just by following others strategy. It's because everyone thinks and perceives the market differently.
Členom od Mar 16, 2021
477 príspevkov
Nov 08, 2021 at 04:52
Psychology needs to be managed. This issue of the trader will play a very important role. How I work depends on the psychiatrist. Discipline should be maintained.
Členom od Nov 03, 2021
53 príspevkov
Nov 16, 2021 at 05:45
Every trader is unique and so is their journey in the forex market. A trader might have their own different style of doing things but still there are few things which are common and work for all no matter how you do it.
It involves practicing, capital preservation, following a trading plan, maintaining a trading journal, keeping a positive mindset, being disciplined, using risk and money management techniques.
It involves practicing, capital preservation, following a trading plan, maintaining a trading journal, keeping a positive mindset, being disciplined, using risk and money management techniques.
Členom od Aug 05, 2021
401 príspevkov
Nov 16, 2021 at 14:59
Very true. Certain strategies can be more complex or time consuming while others are less. Some of us may excel with one particular strategy but be horrible when using another. If there was one proven way to trade that would work for everybody, we'd all be doing the same thing.
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