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Author Topic: One piece of advice that you can give to a Newbie Trader  (Read 24849 times)

Offline iMusingKiMi

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Re: One piece of advice that you can give to a Newbie Trader
« Reply #15 on: February 11, 2018, 08:50:47 AM »
Money management are the most important, then only come to your entry and exit.

Offline Winjak

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Re: One piece of advice that you can give to a Newbie Trader
« Reply #16 on: February 13, 2018, 02:43:40 PM »
My piece of advice will be not risking too much. Better do it slower, it will be sort of guarantee that you won't lose everything at once

Offline Eliza Abrams

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Re: One piece of advice that you can give to a Newbie Trader
« Reply #17 on: February 13, 2018, 03:10:39 PM »
My piece of advice will be not risking too much. Better do it slower, it will be sort of guarantee that you won't lose everything at once

I completely agree. Forex trading - and learning how to trade - is a marathon, it's not a sprint. Rushing things rarely leads to anything good.

Offline Paul.Trafford

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Re: One piece of advice that you can give to a Newbie Trader
« Reply #18 on: March 01, 2018, 10:11:05 AM »
The advice is simple , get ready to lose some money before you learn how to win some. Cheers

Offline Eliza Abrams

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Re: One piece of advice that you can give to a Newbie Trader
« Reply #19 on: March 01, 2018, 03:37:58 PM »
The advice is simple , get ready to lose some money before you learn how to win some. Cheers

One should be prepared for losses, indeed. But one should also avoid defeatist attitude. It's a fine line to walk.

Offline Jax

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Re: One piece of advice that you can give to a Newbie Trader
« Reply #20 on: March 01, 2018, 04:53:59 PM »
market is random in shorter timeframes.
never seen a profitable manual scalper yet...(bar asia scalpers)

best advice......join a good managed account program and leave this complete torture to someone else.

You think that Asian scalper strategy profitable or what? Or all scalper strategy sooner or later blow your acc?

Offline Eliza Abrams

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Re: One piece of advice that you can give to a Newbie Trader
« Reply #21 on: March 02, 2018, 02:01:18 PM »
market is random in shorter timeframes.
never seen a profitable manual scalper yet...(bar asia scalpers)

best advice......join a good managed account program and leave this complete torture to someone else.

You think that Asian scalper strategy profitable or what? Or all scalper strategy sooner or later blow your acc?

I've never heard of an Asian scalper strategy, do you have any recommendations where I can read about it?

Offline Mr. Fraustt

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Re: One piece of advice that you can give to a Newbie Trader
« Reply #22 on: March 02, 2018, 02:28:12 PM »
3 pieces of advice: money management, money management,money management. It can never be overstated

Offline Jax

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Re: One piece of advice that you can give to a Newbie Trader
« Reply #23 on: March 02, 2018, 04:17:56 PM »
market is random in shorter timeframes.
never seen a profitable manual scalper yet...(bar asia scalpers)

best advice......join a good managed account program and leave this complete torture to someone else.

You think that Asian scalper strategy profitable or what? Or all scalper strategy sooner or later blow your acc?

I've never heard of an Asian scalper strategy, do you have any recommendations where I can read about it?

Try this link -   https://www.desiretotrade.com/favorite-forex-day-trading-strategy/
Very intresting idea for me.

Offline Juno

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Re: One piece of advice that you can give to a Newbie Trader
« Reply #24 on: March 02, 2018, 10:52:01 PM »
I'd recommend working on you self-discipline and wish you more patience. And what is also important never to stop learning.

Offline Eliza Abrams

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Re: One piece of advice that you can give to a Newbie Trader
« Reply #25 on: March 08, 2018, 02:02:13 PM »
I'd recommend working on you self-discipline and wish you more patience. And what is also important never to stop learning.

Do you have any concrete advice how one can develop their discipline?

Offline Anchorpoint

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Re: One piece of advice that you can give to a Newbie Trader
« Reply #26 on: March 08, 2018, 04:56:06 PM »
I'd recommend working on you self-discipline and wish you more patience. And what is also important never to stop learning.

Do you have any concrete advice how one can develop their discipline?

Recommend reading book on trading psychology by Mark Douglas or/and Van Tharp
https://www.amazon.com/Disciplined-Trader-Developing-Winning-Attitudes/dp/0132157578/ref=asap_bc?ie=UTF8
Anything can happen - every moment in the market is unique

Offline Trunk

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Re: One piece of advice that you can give to a Newbie Trader
« Reply #27 on: March 08, 2018, 08:49:00 PM »
I'd recommend working on you self-discipline and wish you more patience. And what is also important never to stop learning.

Do you have any concrete advice how one can develop their discipline?

Recommend reading book on trading psychology by Mark Douglas or/and Van Tharp
https://www.amazon.com/Disciplined-Trader-Developing-Winning-Attitudes/dp/0132157578/ref=asap_bc?ie=UTF8
Thanks, could you suggest please more books on trading psychology, probably detailed cases of how winnings and losses are handled by professional traders.

Offline slimboydim

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Re: One piece of advice that you can give to a Newbie Trader
« Reply #28 on: March 08, 2018, 11:05:34 PM »
Trading in the Zone by Mark Douglas is one of my
favourites, Audiobook version is on Youtube...








Offline Anchorpoint

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Anything can happen - every moment in the market is unique

 

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