Thread: What I wanted people to tell me before starting

I started recently, I am using real money and obtaining good profits with a success rate of more than 70%.I no longer feel that this is a game of losing, even when I lose an operation, I know I can recover that money.What I wanted people to tell me from the beginning: (and this is my experience, feel free to disagree. And apologize for English

Or you could have read any good book about Forex trading that contains a lot of what you have published.Risk management is of the utmost importance!

I read some, but it is better to learn from experience.Even so, I never saw it in this summary way, I would say it is useful, it really would be.

Good summary!I would add that it is essential to maintain a trading diary.Registering all operations, including the reasons behind each decision, helps a lot to improve over time.It also makes you more aware of your recurring errors and successful patterns.

I agree largely with what you have said, especially in the part of not changing the SL.But for me, the part of always maintaining the same lot size is complicated.Sometimes, when I see a really clear opportunity, I prefer to risk a little more.Of course, it is more risky, but it can also be more lucrative if done prudence.

I understand your point on lot sizes.It is true that some more experience traders can handle different lot sizes according to the situation.However, for someone who is starting, I think it is safer and more disciplined to maintain constant size until you feel more confident.Then, you can experience a little more.

One thing that I have also learned is that it is essential to accept losses as part of the process.At first, I had a hard time accepting that I could lose money, but once I understood, my results improved significantly.The right mentality is key in this business.

It totally agrees to avoid operating in demo for too long.Operating in Real, even with small quantities, is a completely different experience.In demo, you can gain false confidence and then face the reality of live trading with a hard blow.

Thanks for this thread, it is an important reminder that there are no shortcuts in trading.It is easy to fall into the trap of looking for that indicator or perfect system, but in the end, the key is in knowledge, discipline and experience.

Exactly, discipline is crucial.It is what separates the successful traders from those who leave.Sometimes, following the rules that you put yourself can be the most difficult, but it is what really makes the long -term difference.