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Never try to assume

Discussion in 'General Trading Forum' started by Anderson, May 23, 2020.

  1. Anderson

    Anderson

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    Never try to assume what others are doing. It makes us competitive and as a result we try to accomplish more than our capabilities. It entirely depends on your trading skills and many other things. Be realistic in your expectations. Do trading according to your strength. And yes if you are skilled you can make good return of investment.
     
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  3. Smash Fun

    Smash Fun

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    Some times when we try to copy or copy other trading patterns it may not affect us much into profit as a learning strategy is easy but the way you implement it defines how good skills you possess for it. Every strategy has it's fundamental analysis in support if you are not aware of it then the outcome may definitely vary.
     
  4. Fx Master

    Fx Master

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    The beginner should use demo account minimum for three months, sometimes many brokers organize demo contest with real money prizing. Newcomers can join here. It could be great to acquire real trading exeprince.
     
  5. LorrainMor

    LorrainMor

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    Managing losses is also very important in Forex trading. The trader should analyze what causes the loss. After analysis, you can modify or change the trading plan. One of the biggest signs of successful traders is not repeating the same mistakes. In my opinion, it's easy to learn from your own mistakes, but great learners are those who learn from the mistakes of others. I learn a lot from my broker ForexChief's education resources.
     
  6. Gravelwood

    Gravelwood

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    I agree with your idea, but in order to create something of your own, you need to have a good understanding of the topic that interests you deeply, and for that you need certain guidelines. So we shouldn't be so categorical.
     
  7. Jodwyng

    Jodwyng

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    Self-sufficiency is the most important thing that should be present in everyone who wants to do their business.