ultimate objective of any trader

[LorrainMor]

We all are here with an objective of earning money. But maintaining the profit stream should be the ultimate objective of any trader. If a trader thinks that success can be ensured within few years then he may be in wrong track of thinking. A foreign currency exchange trader will require patience to handle any prevailing situation, pessimistic or optimistic. A trader must ensure his hard working process as success won’t come in one day.

 

[Svetlana Loboda]

We all are here with an objective of earning money. But maintaining the profit stream should be the ultimate objective of any trader. If a trader thinks that success can be ensured within few years then he may be in wrong track of thinking. A foreign currency exchange trader will require patience to handle any prevailing situation, pessimistic or optimistic. A trader must ensure his hard working process as success won’t come in one day.

Well said, no way to ignore your opinion. Of course, it takes such a long time to understand the market. This is why, which traders start here for making short-term success, they suffer a lot in their live trading.

 

[anna.semera]

it's better to be patient than lose money..

 

[Tom Latham]

We all are here with an objective of earning money. But maintaining the profit stream should be the ultimate objective of any trader. If a trader thinks that success can be ensured within few years then he may be in wrong track of thinking. A foreign currency exchange trader will require patience to handle any prevailing situation, pessimistic or optimistic. A trader must ensure his hard working process as success won’t come in one day.

Exactly, it takes such a long time! I have never seen any pro trader unless having less than 5 years trading experience! That’s the reality!

 

[Alexander Hudson]

For newbie higher time frame is good. In lower time frame there is too much noise. Market moves back and forth a lot in lower time frame which makes a newbie restless. As a result they do over trading.

 

[Darragh Bell]

Higher time frame is good for newbie. Most newbie try on lower time frame and do scalping. But for scalping you need good skills to juice pips from noise market. I would suggest to newbie focus on higher time frame. Don't open too many trades.

 

[Kevin Vogt]

Mental strength comes from knowledge and skills. Without these it's not possible to attain mental strength. Most people fail in trading because they are not willing to learn the necessary skills. They want it without having proper knowledge and skills.

 

[Alicia Lynch]

Yes, your idea is correct. Success does not depend on one day. It is possible to reach success through a lot of patience. With that comes the need for trading education.

 

[Cooper Truebridge]

You have to think like a professional trader, in general, it is never possible to trade positively. I prefer to analyze the market with less trade entry. Because I have patience and love for trading.

 

[Eduardo Lucchese]

There are many types of strategies in the Forex market. Among these strategies, technical analysis is better. I try to read the market context all the time. The first thing you need to know is what position the market is in. It is better to stay away from trading in the volatile market situation. And if the market is in the impulsive movement, it is possible to make a good profit by trading.

 

[Oscar Shumack]

The broker is a very essential subject for trading. If the broker's spread is good, many benefits can be gained. Market maker broker spreads are usually not good. Details about the broker should be known before investing in trading.

 

[Gito Dinev]

You have to think like a professional trader, in general, it is never possible to trade positively. I prefer to analyze the market with less trade entry. Because I have patience and love for trading.

I also agree. Think about the big picture. Don’t rush in trading.

 

[Cooper Truebridge]

I also agree. Think about the big picture. Don’t rush in trading.

Thank you very much. I think the sooner I trade, the more I will lose in trading.

 

[Kazumu Fukunaga]

To shine in forex you require a professional attitude and aptitudes. Without capacities consistent profit isn't possible. Most traders neglect this essential thing. They continue running for strategy without making themselves capable.

 

[Mark Dahl]

To shine in forex you require a professional attitude and aptitudes. Without capacities consistent profit isn't possible. Most traders neglect this essential thing. They continue running for strategy without making themselves capable.

Skill and Knowledge need to be successful in this sector. So, focus on both.

 

[Kevin Vogt]

Self understanding is the best understanding. The quicker we understand, the better it is. Trading requires specific knowledge, skills, psychology and discipline. May be you are best for something else. No matter what people say the truth is very few people can make it. That's why trading is one of the most difficult jobs in the world.