Trader pains and issues - Page 2
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Thread: Trader pains and issues

  1. #11
    Quote Originally Posted by ;
    quote 1. The potential to make money, of course! 2. There's a lot of B.S. that many people online talk when trading. It may get tedious sing through what is fact and what is only a scam. 3. I often feel that there might be a much better egy out there that I could utilize. But, I guess that is something that I might learn in due course. 4. I used to perform sports betting previously. I got bored of it, particularly with the low returns. Forex offers better potential and technical analysis is easier.
    Hello Rm2, Thanks for your reply. On stage 3, I feel the same way sometimes. It is like there might be something out there that is more successful or better. I don't deny that there could be an additional egy that might create returns more than what I am doing, if that is your definition of better.

    I think, unless that specific egy does not suit your personality, we should really concentrate on controlling that egy, our own mind, subject. I myself believe that patience is one of the secrets to unlocking the doors to profitable trading. This is precisely what I have reflected. Just my 2 pennies.

    Anyhows, what is one thing you wished you might have to assist you in this journey towards profitability? Thanks again for your reply.

  2. #12
    Quote Originally Posted by ;
    quote Hello Mlawson! That is what we all dream about - investing our own funds with no to be accountable to but yourself. Besides the large account, what else would you wish you had to help you in your journey towards being a profitable trader?
    More patience and much more knowledge. The latter depends on my own effort, and I suppose that the former does well, but that is so much harder to learn.

  3. #13
    I received into Currency Market trading since I had a friend tell me about it who had been always making massive profits and even quit his job and is a fulltime trader. So, I begged him to teach me exactly what he knew and in a couple of months of learning his egy, I've been constantly ching about 60-100 pips per day.

    I believe my main problem used to be being disciplined enough to wait for the perfect setups which I knew paid out time and again. So, ive made all kinds of checklists to help me choose the best setups and it has definitely been functioning.

    I really like Currency Market and am now fulltime by it.

  4. #14
    Quote Originally Posted by ;
    I got into FX trading because I had a friend tell me who was consistently making massive profits as well as quit his job and is a fulltime trader. So, I begged him to teach me what he knew and within a few months of learning his egy, I've been consistently grabbing about 60-100 pips per day. I believe my biggest issue was being disciplined enough to wait for the perfect setups that I knew compensated out time and again. So, ive made all types of checklists to assist me choose the best setups and it's definitely been functioning. I really like FX...
    Wonderful! How we wished we had a mentor to guide us and show us together. One who is an actual profitable trader and not those marketing sales egy scammers. What's the most valuable item you learnt from the mentor about trading? Thanks Katana to your reply

  5. #15
    Quote Originally Posted by ;
    quote More patience and more knowledge. The latter depends on my effort, and I suppose the former does as well, but that is really far more difficult to learn.
    Agreed totally. When I started out in trying to make money from the currency markets, I was impatient and it cost me alot. It was so painful! is really a virtue and many of us starting out or within this journey can't wait to make money! But the irony is the slower you're, the faster you progress!

  6. #16
    Quote Originally Posted by ;
    quote Wonderful! How we all wished we had a mentor to guide us and show us along. One who is an actual profitable trader and not those marketing sales tactic scammers. What's the most valuable item that you learnt from your mentor about trading? Thanks Katana for your answer
    I think with a mentor is essential. However, the thing that actually helped me was that he emphasized the importance of marking up my charts daily so that I start to subconsciously see each the patterns that were most profitable. I made flash cards that I could train my brain to see them faster compared to most traders.

    I indie up why I would take a commerce and also on days in which the installation isnt there, I personally markup I didnt take a commerce so I'm coaching myself when to enter a trade and even when to get out of a losing trade without losing my account.

  7. #17
    Quote Originally Posted by ;
    quote I believe having a mentor is vital. But, the thing that really helped me was that he stressed the value of signing up my charts daily so that I begin to subconsciously see all of the patterns which were profitable. I made flash cards so that I could train my mind to see them quicker compared to most traders. I mark up why I'd take a trade and also on days where the installation isnt there, I markup I didnt have a trade so I'm coaching myself when to get into a trade and also when to escape a losing trade without losing...
    Thank you for sharing Katana. How long can it take you to be a profitable trader?

  8. #18
    I believe that I am just fond of all those analysis and gaming feeling of superior income, yeah I believe it makes the most of motivating part of FX trading for me. It's hard to predict the end of a fashion accurately enough, and often doubts prevent from making the ideal obvious choice. It requires lots of nerves. And surely it is actually very difficult to resist all newbies' plogical challenges and begin over and over again after which error, retrieving the proper lesson from it. However, I guess, that's how it is. Along with all those charts, inds, fashion predictions, bar/spread e are accumulated in some hellish mix and often makes morally exhausted. I believe that the best way to be called to those lucky 5% is to learn how to coupe with those items like professional and manage them constantly like a firefighter handles fire. I believe overcoming of emotions is going to be the first step to sober FX believing.

  9. #19
    Quote Originally Posted by ;
    quoteJust how long did it take you to become a profitable trader?
    My biggest asset is demo trading and when anybody desired to be a profitable trader then never give up demo trading however long it takes in becoming a profitable trader and profitable too.

  10. #20
    Quote Originally Posted by ;
    Hello guys, We all know that trading FX profitably and consistently belongs only to the 5 percent. And the rest are fighting together. Hopefully by identifying the pains, issues and issues together, we'll progress quicker in the right direction. Here's some suggestions to help identify the issues that most of us face with trading FX. Everyone's inputs. Thank you ahead of time! 1. What motivated you to trade FX? Why is it that you do it? 2. Whats so difficult about it? What parts? Why? 3. When do you consider it the most? Do you consider it...
    1. I trade FX because no additional market offers the flexibility which FX does without a seven figure account. I do it as it's said that 95% neglect.
    2. What's challenging is that you have to wade through the indior market. Which parts and why are around the traders ability to fail quickly.
    3. I consider FX the most when I'm not trading throughout the weekend. I think about it as far as I think about my wife.
    4. I've traded everything except bonds. It all works, for awhile. Just how long depends on what the market is doing. I did not become a master at trading until a few years at FX.

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