Looking to learn a trade and win more than lose

Beginner Questions
1

Hi All

As the title suggests I am looking to learn a new trade/skill and be on the winning side of a trade more often than the other. Sounds simple but in practice will be very difficult. Not looking to be an expert overnight and see this as a long road with many learning points to be picked up on the way.

Currently going through the School of Pipsology but wanted to know if there was a way to get this content offline too.

Thanks

2

If you have the cash. Pick up Lance Beggs YTC price action trader course. Worth investing. Teaches you how to spot support and resistance. How to read price and hopefully get on it when it is under value. Alternatively. Go to mql get a mechanical approach via indicator.

  1. Learn to know where price is going on your favorite time frame.
  2. Learn to use a momentum indicator that tells you about the direction it is going. Does it have enough steam to churn on.
  3. Pick an entry method and understand where you be out if you are wrong.
  4. Be cautious if market goes with you. Because the next resistance market might do otherwise.
  5. If all resistance are broken. Protect your profits.
  6. Rinse and repeat.

I’m into price action but when it comes to picking where to enter I’m always wrong. So I had enough of using my brain and let the system choose. I only need to know where to exit.

3

What you will unfortunately find is that any given trading method will accompany traders who praise it as great and profitable as well as others who will damn it as a sure loser. Your quest is to find a method that fits you. Consider only methods that are coincident with your schedule, your beliefs, your capacity to implement the method, your life, you. That may be difficult, you may not know yourself yet. Learning about trading will help you sort it out. Read Trade Your Way to Financial Freedom by Van Tharp (search for the pdf online). And if you want to start with the inexpensive methods, start with longer term trading (not day trading).

-Adrian

4

much learning before trading is best idea . A trader spends a lot of time to understand market and its working. after difficulties it becomes easy for them to get their targets from forex market .Learning and passion and patience support well.

5

There are plenty of books you can purchase.

6

Thanks all for the input. Like anything you will get out what you put in - great to see that the forum will get responses which I will utilise on this journey.

7

No way to ignore learning, but before kickoff Forex, too much learning is not relevant if you don’t practice trading, learning is basically a continuous process, you can learn more when trading practically.

9

Learning had no limits. You can trade much for learning. It can be for months or years. I learn from my own trading how to tackle my trading plan. I change my plans according to market situations. If you make a plan see its credibility by doing trading .

10

Demo trade, read everything you can get your hands on, and experiment with different strategies and approaches.

Then take what you learned and make it your own by using what resonates with you and develop your own style and strategy with the knowledge you acquire and the experience you gain.

Btw, youtube is a good free reource for additional knowledge. I esp like listening to interviews with succesful traders.

Good luck to you.

13

If anyone willing to learn by means of trading, should go in demo account. Because when you lose in live trading, it will down your confident level very rapidly which can be harmful for go Ahead.

14

Really practicing is very much important parameter here; that’s way, I use FT2 besides my live trading! My practice sessions help me a lot to recognize the market pattern so keenly!

15

This type of earning will be possible with the help of demo trading .In demo you can do many experiments for win and then you will find the right way that enables you to reduce loss and maximize ratio of profit.

16

Different experiments and trading practice enables traders to get their targets. They can avail demo accounts for this purpose as I get valuable experience to get small profits on demo trading. We can maximize profits with time not immediately .

17

WOW guys, you would think after a couple of years the OP would have figured things out by now. Way to bump a dead thread.

1 Like
18

All four of these recent posts bumping a dead thread are just no-value garbage.

But none of them will be removed, you can be sure. Your post and mine might be, Bob. We get censored. The no-value posters are welcomed.

1 Like
20

Good thing you opened this question up here. Even experts also sometimes loose. There is no winning always or making huge chunks. Remember one thing: its buying and selling. When you buy another sell. So trade keeping in mind when you win be happy even if it’s 2-5% also

21

@TacitaTrader

Then as if by magic

22

Hey Rahi, I was just wondering if you check the op date. Sometimes I have accidentally Necromanced a thread because I did not look at the date. A suggestion, you might want to do that in the future.

The Ever Futuristic VIPER

2 Likes
25

Surely we can give you suggestion as our experience and what we found great or worst. But the thing is all methods are not great as one found and also not profitable for all. To implement the method in your trading is always consequence with one’s method, schedule and believe. Better than taking others suggestion start learning about forex trading. It will help you to get rid of this issue.

26

Hie yes I did check the date and I thought I also should put in a bit of what I felt. So that the people coming in here will go through it once again.
Yes I will next time do what as u said and that will be more better I feel.
Thanks