The most memorable advice given to me was to learn “Common Sense Trading, in a market place where Common Sense is not that Common!”
I am pleased to have a reader with your website since the past 7 years, you always overcoming hurdles and challenges and achieved update high quality of your data to facilitate readers like me .
You have been always growing with great content to me. There has been an undeniable good quality raw-materials of traders that we use. All these efforts benefits traders.
You have never compromised the quality of your updated content, market rates, forum interations of traders. babypip endeavour is to keep going with the agenda of excellent quality .
Wish you best of luck babypip for your bright future.
️"Profit isn’t profit, until it’s in your pocket"
On the back of discussing holding trades for too long.
I found myself consistently opening great trades, but I was awful at setting my TP points and I’d constantly close my positions late.
A wise man my mentor once asked me a question. Why do you trade…?! I answered that I would like to help people understand what, why & how to trade the market. He asked again, Why do you trade…?! I answered I would like to help people analyze charts. He answered:
I was expecting u would say ",financial independence/freedom, debt freelife… PROJECT X
You will never get anywhere with a trading account of $100…
Still trying to figure that one out after a year’s trading!!
when the 1st time i learn trading.Someone said to me
‘You want to learn trading? Read babypips… It will be usefull one day’
So i do read,
and i was like NO.
So i learn from another source, found mentor, through videos etc.
After a year and months of learning & searching, I remember back this Babypips
then one day i go back reading Babypips
yeah, it is usefull
Hai,i m still a ‘baby’ trader,who is growing everyday with babypips.com.thanks guys for your info.The most memorable advice for me is 'don t show your ego in trading,you will end up losing.always be open to learn…he s rite
my mentor told me to trade like a casino which means risk one to get two.
I have always remembered that and been helped so many times by it.
There are some very interesting thoughts coming out in this thread. It was a very good idea to start this.
I was just reading some Brexit-related comments and came across this quote, and it struck me that it could also offer some strong encouragement to those who have been struggling with their early trading experiences:
A quote from C.S. Lewis:
“We can’t go back and change the beginning, but we can start where we are and change the ending.”
One of the best advice I got was " If the structure is not broken it is a trend continuation". This was in regards to market swings and how to master them…your higher highs and higher lows…Lower highs and Lower Lows …In an uptrend when the lower high is not broken do not PANIC!!! even when that CANDLE seems to be going the other way.
HAPPY TRADING EVERYONE…never forget this advice!!!
My Mentor back in the days of my newbieness told me "In this world you have to master everything that you do, if you cant just leave it"
This goes in hand with Forex Trading as I struggled a lot to gather enough knowledge to help me analyse the markets.Now I am proud of that advice since Fx is the best thing in this planet that pays more if you manage to understand the Forex mechanics and be in the 5% out of 100% who understands the market.
I Learned forex from my officemate and from there he was became my mentor he taught me a lot but the best advice I learned from him was “Profesional trader trades an egg for a roasted chicken” meaning small risk for a big return. From then on I learned to put a stop loss and consider timing is everything.
“Professional trader trades an egg for a roasted chicken”
“Timing is everything”
I got this from my former co-worker.
The best advice I received was from my 401k advisor…“You cant trade the markets better than the fund traders because they get the news sooner than you do” I said " If they are trading the news, its already too late". It was memorable because thats when I decided to start trading for myself, and havent regretted it for a second.
"The experiences in my life have led me to write my “final analysis on trading:” "When it comes time to trade, it is between you and your bad habits…it was never meant to be between the bulls and the bears."
Jared Martinez
Try don’t loose your pants
The best advice I received was from my Friend and also my Mentor.
He told me to always be patient, to follow my strategy, not to be greedy and to be respectful… and then he told me about some very sad cases about 4 guys he met who didn’t follow those basic rules… they lost their homes, wives, savings and friends.
After hearing all that I realize that I was too busy learning about trading and didn’t have to much time for my family, so I remembered the reason why I’m here and is to have that financial independence that allows me to spend more time with my family and enjoy life with them.
Now I try to priorize and organize my time for my family, time to work and time that is to learn/trade, so today I feel more relaxed and comfortable with the things I do.
“Banks decides the direction of the pair.”
I’ve never been so careful in my trade after that advice. I studied more and more.
I learned to be patient.Patient Forex traders make money faster than impatient traders.
“There is plenty of fish in the wather. Just, it shouldn’t be forced” - it wasn’t a trading advice, it was a stealing advice. From a thieve specialized in stealing from inside cars. I took it as a trading advice because it fits in this field