Thread: Forex - Tips for happy trading

Find out if you would rather follow the tendency of trade against the trend.
Https://www.forexbrokerz.com/news/tr...-trend-trading Personally, I believe that each and every trader must make up their mind for themselves and decide which one they want to stick to.

Thanks MLa. Got something new from here in particularly the set up and using suitable stop loss.
But about managing the risk was ordinary language

Originally Posted by ;

Here's some hints for happy trading : 1). Two, Use Simple Method. Utilize fix Lot Size, Never increase or reduce it. Same with TP SL 3. Use 5% capital at a time 4. Never Over confidence 5. Limited Trading : Establish time for trade, never trade. Forgot Sentiment 7. Satisfied with 65% winining rates (you are in 15% profit Profession) 8. Forex is a trade, not a bet. 9. Forex is a part time profession, never make it complete. 10. Pray that these will be followed by you.

Not concur with your 9-number point! Not full-time trading? Yes, it's a challenging business however there have numerous full-time traders here!

There is not any happy trading. Trading is stressful n this is its own nature. Dont fool urself

Originally Posted by ;

There is not any happy trading. Trading is stressful n this is its own nature. Dont fool urself

Perhaps it is for low skilled new traders! But I have seen, many successful Forex traders are doing their trading quite comfortably. But, I don't mean that they're making 100% profit! I meant, they're enjoying their trading existence!

I have traded options on the US market, shares, indexs, cfd's and the way purchased a few trading appliions promising the ground and offering a shovelful of mud. I have spent the last 6 weeks 10 hours a day learning forex, with demo accounts and downloading each piece of free training, webinars, charting appliions etc ). I have been live trading since the 31/07/17 only 0.01 lot though I'm now up to 0.02 as of this week. I have daily made at least 1 percent in my own capital. My question is, in another two weeks if I remain consistent I will be investing $10,000, will I stick with my trading program or will I freak out when I'm placing larger monetary transactions??
BUT, I really like it,,, I'm in charge of my own destiny and no one tells me exactly what to do, I f I will make more than 1 percent every day on $10,000 then I will be even more happy. . Happiness is a state of mind not a state of my bank account. Happy trading, have a wonderful week, I mean to !

Traders with #8220;attitudes#8221; in my experience are seldom successful. Attitudes of negativity, critical, #8220;they're always out to get mepersonally,#8221; stubbornness and just a general sense of sourness in one#8217;s approach to life #8211; could be limiting as a trader. If you want happy trading, you have to plogically robust and you have to have good knowledge of Foreign Exchange and need to pick out a good broker. With my broker I'm doing happy trading.

I truly appreciate your participation! Really, employing a predetermined trading lots size s very important parameter for the new traders! Because, discipline is one of the most crucial quality here, without having it no one can triumph here! You have added here 10 great points on Forex trading! From the why, 65% profit ratio would be enough, if traders possess great sense on profit ratio! High profit ratios recover losing trades so fast.

Actually how much profit ratio is more appropriate it entirely depend on trading balance with trading skill. As a scalper I attempt to make 55% based on my trading balance because my trading egy scalping always contains huge risk.

If you are a scalper please focus on the best way best to minimize the risk if scalping .
55% earning according to your trading by scalping is not easy at all times . Can you discuss what actually risk management you've got ?