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Author Topic: What are the benefits of Forex forum?  (Read 31096 times)

Offline Eliza Abrams

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Re: What are the benefits of Forex forum?
« Reply #150 on: May 13, 2020, 02:51:17 PM »
I think one downside of forums, for newbies at least, is that there are many different (and not always competent) opinions, and newbies don't know how to differentiate those.

Offline fxopen78

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Re: What are the benefits of Forex forum?
« Reply #151 on: May 18, 2020, 09:42:47 PM »
Forum is placed in which many traders share their opinion, experience, and goal to develop business, to get motivation, the forum is a good place because traders around the world exist in the forum and as trader not feeling alone in this industry, although in daily trading might work alone at home.

Offline drunkfx

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Re: What are the benefits of Forex forum?
« Reply #152 on: May 20, 2020, 06:23:05 PM »
I think one downside of forums, for newbies at least, is that there are many different (and not always competent) opinions, and newbies don't know how to differentiate those.

It comes with experience they have to realise that they have to make mistakes to make learning progress faster. Errors helps us to navigate in the sea of endless information.

Offline fxopen78

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Re: What are the benefits of Forex forum?
« Reply #153 on: May 25, 2020, 11:58:13 PM »
The loss I think as part in trading, sometimes inevitable, although how hard to avoid loses but the market is dynamic and many retail traders losing trades because a mistake in entry point and exit point, with this mistake if evaluation actually will giving us a more valuable lesson if we should discipline with all rules trading

Offline drunkfx

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Re: What are the benefits of Forex forum?
« Reply #154 on: June 03, 2020, 05:45:12 AM »
As there is no universal education for trading and learning process is mostly trials and errors it's important to share information about your experiments to help others saving time not repeating others' mistakes and accelerate backtesting of strategies.

Offline fxopen78

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Re: What are the benefits of Forex forum?
« Reply #155 on: June 04, 2020, 10:14:27 PM »
In the forum there are crowd trader from the entire world, especially in an active forum where many members always remain active daily, it will giving valuable experience we can take from the fellow trader as additional insight, in the forum we also can read reviews about the broker from many traders

Offline drunkfx

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Re: What are the benefits of Forex forum?
« Reply #156 on: June 09, 2020, 06:59:12 AM »
The loss I think as part in trading, sometimes inevitable, although how hard to avoid loses but the market is dynamic and many retail traders losing trades because a mistake in entry point and exit point, with this mistake if evaluation actually will giving us a more valuable lesson if we should discipline with all rules trading


Agree I think we don't need to try hard to avoid loss in every trade (like holding losing positions to the very end) but instead to make balanced approach to losses and wins trying to maximise winning ratio or average win per trade.

Offline fxopen78

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Re: What are the benefits of Forex forum?
« Reply #157 on: June 17, 2020, 11:41:03 PM »
At least we try to make a balance profit and loss, detect profit also become big issue in trading, besides entry point itself and stop-loss target, indeed we can use the risk-reward ratio to manage profit loss, and this might different trader has a different setup, I see certain trader use larger stop-loss than the target, they have reason to giving space for price movement and wish to reach the target

 

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