Forex Zone - Forex Forum

Traders must be willing to do research

Discussion started on General Forex Discussion

  • Hero Member
  • Posts: 619
  • Points: 184
  • Likes Received: 8
  • Reputation: +0/-0
Research or research as an investigative process carried out by someone actively, diligently and systematically...(Wikipedia) Traders are expected to do research first before trading on a real account. The research was carried out on a demo account by dividing several important items, such as trading methods, money management and how to treat trading.
Explanation:
1. Research on trading methods
The trading method is the rules of how to open positions and exit markets, which traders must ask whether the method is effective and profitable...? even if you haven't reached that point, further research is necessary. Maybe the trading method is too complicated, so keep it simple. or too many rules that make traders confused so the research needed is to find a way that traders really master. Research and simulation are carried out in two ways.
a. Backtest
b. Forward test
2. Research on money management
The implementation of the money management strategy, is it comfortable enough with the risk/reward ratio that traders apply...? By setting the stop loss level and profit target, is it in accordance with the market pair conditions?
3. Research how to treat trading
Amateur Traders will not be satisfied with the achievements so far obtained. that's why it's easy for them to change trading methods and also use MM, even though the system used is already profitable for the long term. and it's worth keeping.
Thus a brief description of the importance of a research conducted by traders, in order to know more about how the trader's point of view reacts when trading is not satisfied and also loses more than profit.
more or less this explanation, let's discuss what things can be used as trading research for the progress of our trading


Linkback: https://www.forex.zone/general-forex-discussion/1/traders-must-be-willing-to-do-research/3613/
#1 - November 21, 2021, 10:48:21 PM

  • Sr. Member
  • Posts: 289
  • Points: 814
  • Likes Received: 7
  • Reputation: +0/-0
Research must be done to find out what to do and what not to do. be a kind of guide to guide traders on the right track. At first, trading, of course, traders don't know how many lots are reasonable, if you already know, you're not sure if using too large lots is actually dangerous.
#2 - November 21, 2021, 11:06:44 PM

  • Full Member
  • Posts: 167
  • Points: 672
  • Likes Received: 1
  • Reputation: +0/-0
Actually all novice traders have researched from the start of the technique. Money management and psychology. Because research is also part of a process towards trading maturity. So traders really have to be willing to research whether it's the pair that is used, the strategy used is the time frame and money management.
#3 - November 21, 2021, 11:07:40 PM

  • Sr. Member
  • Posts: 485
  • Points: 1000
  • Likes Received: 2
  • Reputation: +0/-0
It's very difficult for a trader to do research when he is harvesting profits and he considers it to be above the sky the strategy used, but usually a trader does research when he has experienced a lot of losses or losses, if only every trader did research when he often harvested profits too, I a sense of course there will be no prolonged defeat or loss.
#4 - November 21, 2021, 11:08:39 PM

  • Jr. Member
  • Posts: 62
  • Points: 0
  • Likes Received: 1
  • Reputation: +0/-0
many traders don't do research, new traders just pursue techniques how to quickly profit a lot without doing research
#5 - November 22, 2021, 02:19:31 AM

  • Full Member
  • Posts: 192
  • Points: 702
  • Likes Received: 2
  • Reputation: +0/-0
For money management, in my opinion, there is no need to do research, it is enough to be calculated carefully and disciplined in carrying it out.
#6 - November 23, 2021, 11:27:29 PM

  • Full Member
  • Posts: 167
  • Points: 672
  • Likes Received: 1
  • Reputation: +0/-0
I totally agree that if you want to become a professional trader, you have to be diligent in researching strategies, where everyone's strategy is comfortable, so we have to research which strategy is suitable for us, and profitable, so that it can encourage our success.
#7 - November 23, 2021, 11:28:05 PM

  • Sr. Member
  • Posts: 485
  • Points: 1000
  • Likes Received: 2
  • Reputation: +0/-0
In forex trading all the parts are connected to each other. so it's better if you do overall research so that traders are more clear and detailed only the weaknesses and strengths when trading.
#8 - November 23, 2021, 11:28:56 PM

  • Newbie
  • Posts: 32
  • Points: 532
  • Likes Received: 0
  • Reputation: +0/-0
a trader must have the will to do his trading research, it is very important to research and evaluate a trader if you want to be successful in the trading business, it is not easy to do so, with discipline and determination the trader himself if you want to progress and be successful.
#9 - November 29, 2021, 11:40:09 PM

  • Jr. Member
  • Posts: 82
  • Points: 582
  • Likes Received: 1
  • Reputation: +0/-0
With the research and methods studied, in my opinion, it adds to the absorption and proper and fast adjustment to ourselves, so we as traders are indeed required to be creative in developing the techniques we have in order to have awareness and discipline in all the rules that we have designed.
#10 - November 29, 2021, 11:40:51 PM

  • Sr. Member
  • Posts: 485
  • Points: 1000
  • Likes Received: 2
  • Reputation: +0/-0
Indeed, as a trader, you must be willing to do research, especially research on the trading strategies that we are currently using
#11 - November 29, 2021, 11:41:42 PM

  • Full Member
  • Posts: 193
  • Points: 1515
  • Likes Received: 48
  • Reputation: +1/-4
every trader really has to be willing to do an experiment that will produce a good trading system for him, and this trial process is indeed very long and takes a long time
#12 - November 30, 2021, 01:31:09 AM

  • Hero Member
  • Posts: 4049
  • Points: 4
  • Likes Received: 249
  • Reputation: +5/-2
Indeed I agree with that a true foreign exchange trader should do a lot of insight to do some research that way they will know what techniques are suitable for them and what they should do with the analysis
#13 - November 30, 2021, 12:37:48 PM

  • Full Member
  • Posts: 206
  • Points: 721
  • Likes Received: 0
  • Reputation: +0/-0
it is true that traders must often do research, especially on the trading system that he uses.
#14 - November 30, 2021, 10:17:00 PM

  • Newbie
  • Posts: 32
  • Points: 532
  • Likes Received: 0
  • Reputation: +0/-0
I totally agree with this article, many beginner traders forget the importance of researching a method or trading system, even though if the ratio and probability have been found, I'm sure trading will not worry, this is my own experience, what I feel because the focus is on profit, never take the time to do research.
#15 - November 30, 2021, 11:42:53 PM

Members:

0 Members and 1 Guest are viewing this topic.