Hi,
I would like some assistance on how to trade from professional who has made living and earned lots of money doing Forex trading.
I have been trading for a few months have been losing lots of money due to wrong trading tactics.
Whoever has good trading skills can you please assist me on which trade is the best one to go with also any website that I can follow to get some of my money back in trading.
Thank you.
Thanks John,
This is helpful.
No problem. Let me know if I can be of more help.
I am also new to this forum wanna know about suitable strategy to win trades as well as trading techniques nd skills from a professional trader.kindly help
I think I can give you a helpful answer.
First of all, don’t trade with real money at all. That you made a profit for a period of time, doesn’t mean that you are qualified to make it ever. I lose sometimes for several of weeks, but I’m sure that I’m doing it right.
Start learning. Begin with babypips school. It’s summarized and will give you the basics to be able to understand complex books. So, after finishing the school, you have to read specialized books about technical and fundamental analysis. Try always to apply what you learn on the chart. You will face many different contradictions. So post your questions about those cases here in the forum to understand what was wrong or what was the case.
It depends strongly on your sentiment and emotions and you will gain this with the training with the time. It’s about to take the write trading decision. That means sometimes when you decide to trade, but in most cases it’s important to decide not to trade and that’s more difficult. It’s also to accept loss and be able to execute SL and get out from the market just because it doesn’t meet your trading system conditions.
It’s very difficult to trade in the Forex market. You have to understand this point well. If you think you will read some books or you don’t desire to invest much time in the market, then you have to let it go and search for something else. Just 5% of the traders can make it profitable, the rest lose. I’m working as an IB. I have meet traders with incredible gains and have seen how they get out the market in few days or more. That’s because they were not trading safe. Risk management is very important. A successful trader has 90% good money management and few other criteria. I’m telling you that just to warn you not to trade with your real money right now. Start with a Demo account and practice until you are qualified to survive for ever in the market. I can also understand that you want to start making money right now, however keep away from the signals service, EAs. You may search for a portfolio manager who could keep your money safe. However, you will be very lucky if you find one, as the most of them are not qualified
I wish you a good luck
Thank you elosss.
Nice post especially point 3 about strong sentiment and emotions. Got something new . by the way, I want know what you think about Forex professionalism ? any different there is between professional trader and successful trader ?
Thanks Elosss for your input that really gives me an idea. This is helpful too.