Forex Zone | Forex Forum

Learning To Trade Is Gradual, Don't Jump

Discussion started on Forex Education

  • Learning To Trade Is Gradual, Don't Jump in Forex Education_index
  • Posts: 52
  • Points: 1159
  • Likes Received: 40
  • Reputation: +0/-4
Learning To Trade Is Gradual, Don't Jump in Forex Education_xx
So, learning anything including trading, including improving skills, analysis, strategy, or forming good habits in trading will be successful if it is done gradually, step by step, not jumping directly to the final target. For example my own experience. I used to be used to scalping. If not scalping, then ABC, as long as the blue is closed. Bad habits are almost ingrained. There have been many large losses and MC's because of scalping and ABC, but I still do it because I feel it fits and I can.



Until, after MC for the umpteenth time and my capital collapsed to only 50 dollars, I began to realize. Scalping, apart from being tiring, frustrating and emotional, also has a low success rate. Profits for days or weeks can be lost in one big loss. I started determined to change that habit.


Then, I focused on changing one thing first, the ABC habit. The name is ABC, sometimes profit is 3 pips or 5 pips close. TP is still installed, around 50 - 100 pips, but that's usually just for display. Now, if I'm from ABC, I immediately set a target, I won't close the trade until it hits the TP, it will most likely fail. Because I'm used to fast trading, I don't want to wait long. Just try it. So I set an easy target, before closing will wait until at least 10 pips. After a few days and it runs, I increase it to 15 pips, and so on. It worked pretty well. Now I can hold up to 25 pips.



Of course, you have your own technique for forming such habits, according to your suitability. It can also be a percentage. For example, to close will wait until at least 25% of TP, then increase to 50% of TP, continue to 75%, and so on.



There are still many other habits that need to be corrected, including over trading, holding on to protracted losses, opening positions too early (don't wait until the signal is valid according to our trading setup). Each one needs to be improved. focus on one habit first, and improve each one gradually.



Linkback: https://www.forex.zone/forex-education/29/learning-to-trade-is-gradual-dont-jump/3891/
#1 - September 12, 2022, 07:11:53 AM

  • Posts: 127
  • Points: 236
  • Likes Received: 0
  • Reputation: +0/-0
Learning To Trade Is Gradual, Don't Jump in Forex Education_xx
If you learn to trade, it's better to take it slowly and learn one by one patiently
#2 - October 26, 2022, 10:10:17 AM

  • Posts: 175
  • Points: 675
  • Likes Received: 0
  • Reputation: +0/-0
Learning To Trade Is Gradual, Don't Jump in Forex Education_xx
It is true that learning must be gradual a little
#3 - November 15, 2022, 07:52:45 AM

  • Posts: 160
  • Points: 660
  • Likes Received: 0
  • Reputation: +0/-0
Learning To Trade Is Gradual, Don't Jump in Forex Education_xx
If we learn randomly then we will fail
#4 - November 17, 2022, 04:47:53 AM

  • Posts: 127
  • Points: 236
  • Likes Received: 0
  • Reputation: +0/-0
Learning To Trade Is Gradual, Don't Jump in Forex Education_xx
patiently enjoying every process that we live is a very good thing. Don't be in a hurry because it will actually plunge us without us knowing it
#5 - December 06, 2022, 01:12:29 PM

  • Learning To Trade Is Gradual, Don't Jump in Forex Education_index
  • Posts: 2167
  • Points: 2732
  • Likes Received: 2
  • Reputation: +0/-11
Learning To Trade Is Gradual, Don't Jump in Forex Education_xx
Learning to trade in forex business is a gradual process that requires patience, discipline, and a commitment to continuous learning. It's important for new traders to start with a solid foundation of knowledge and gradually build their skills and experience over time. Rushing into trading without proper preparation or experience can lead to costly mistakes and losses. Traders should take the time to learn about market analysis, trading strategies, risk management, and trading psychology before placing real money on the line. With a gradual and disciplined approach to learning, traders can build the skills and confidence necessary for long-term success in forex trading.
#6 - March 02, 2023, 12:33:11 PM

Members:

0 Members and 1 Guest are viewing this topic.


* Similar Topics

xx
Jump Trade Marketplace - Collect all the Cricket NFTs from the Mega Loot

Started by jessiwilliams on General Cryptocurrency Discussion

2 Replies
244 Views
Last post April 13, 2022, 04:13:04 AM
by SpenserReed
xx
Learning to Trade is Learning About Life

Started by Deplu on Forex Education

6 Replies
155 Views
Last post March 02, 2023, 12:10:59 PM
by Kardel Sharpeye
xx
When Tired of Learning and Practicing

Started by Deplu on Forex Education

8 Replies
158 Views
Last post March 02, 2023, 01:22:53 PM
by Kardel Sharpeye
xx
Learning to Understand Range

Started by Nendi71 on Forex Education

141 Replies
2541 Views
Last post April 28, 2023, 10:41:53 PM
by Rodriguz