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Learning To Trade Is Gradual, Don't Jump

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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.



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#1 - September 12, 2022, 07:11:53 AM

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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

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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

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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

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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

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