Since when you started trading, how much has your trading improved? How are you measuring your progress? What are the mistakes that you used to make, that you do not make anymore? When I look back to my early days in 2010 when I was introduced to forex and compare it with the present time, I see a margin of development. I can now trade and hold a position for a long time and still make my profit.
Its good to hear, but for new traders to learn and for yourself to learn, i started this thread so that more details can be shared with each other, for example in my case, when i started trading, i did not use stop losses for a month or two. after that i started losing and learned my lesson. so that is an improvement.
so please guys share more details.
All I know is that it happens with everyone when introduced into a new field and people learn from the mistakes they make. So there is no point to worry because it teaches us a lot and hence we get expert in the work. Even I had suffered little losses at initial point but now I am learning how to pay safe.
I suppose the biggest “lesson” is to develop more and more trading systems and methodologies. Not only will this help exponential growth due to an increased frequency of trades, it will also help diversify your trading income and reduce drawdown.
I guess my trading improved after severe losses forced me to borrow serious caution and responsible diligence. Before then I have been barely faithful to my order limit, ate any type of bonuses and my broker in turn ate criminally from my account; enjoyed high leverages that consequently left my account low etc. After losing some thousands of dollars, I gained a million dollar worth of knowledge. Now I can boast am successful despite working with an unregulated broker as the later possessed transparency, flexibility and reliable customer support- although what also influenced this was when Oando widened its spreads unethically, inflicted my friend with withdrawal problems with well formed policies to keep the client of the premises of a court, and manipulated platforms that are at times deliberately slow so that the wrong orders are executed.
We all learn through mistakes. When you start out trading (or anything which is new to you) it is natural to make mistakes and learn. Those who claim they have not made mistakes, stumbled and lost money in their early days have never traded to begin with.
