Altcoins Talks - Cryptocurrency Forum
Further Discussions => Trading (Not crypto) => Topic started by: Sukii on September 24, 2024, 03:18:53 PM
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I personally have gone through a lot since I became a forex trader
What's that experience that you will never forget since you started trading
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I personally have gone through a lot since I became a forex trader
What's that experience that you will never forget since you started trading
I have experienced a lot in my trading journey both in forex and a crypto market but the particular experience that I would never forget is the experience prior to me trading where I paid an individual to teach me how to trade and the individual only taught me how to spot resistance and trend lines and then told me that I was okay to go and start practicing but can join his signal group for a fee if I wanted to be earning. I was very disappointed because I knew all these from YT videos already and was expecting more. I discovered at the end that I just wasted that money, but that was the motivation to learn. This was a long time ago, but I clearly recall.
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I personally have gone through a lot since I became a forex trader
What's that experience that you will never forget since you started trading
I have experienced a lot in my trading journey both in forex and a crypto market but the particular experience that I would never forget is the experience prior to me trading where I paid an individual to teach me how to trade and the individual only taught me how to spot resistance and trend lines and then told me that I was okay to go and start practicing but can join his signal group for a fee if I wanted to be earning. I was very disappointed because I knew all these from YT videos already and was expecting more. I discovered at the end that I just wasted that money, but that was the motivation to learn. This was a long time ago, but I clearly recall.
Wow that's crazy in my opinion you have every right to call someone like that a scammer he clearly didn't know what he was doing himself
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I personally have gone through a lot since I became a forex trader
What's that experience that you will never forget since you started trading
I guess every newbie trader has something in common when it comes to something we all experience. And that's the ability to be patient. As a newbie trader most times, I wasn't patient enough to wait for my entries.
That's because I get scared that the market might leave me behind and I miss potential profits. As time goes on, I realized why I kept getting stopped out of the market and watch the market move in my direction and this was as a result of fear, impatience. What I learnt in a master of a year from my trading experience, I just smile when I see some new trades making same mistake
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That is very true 😅 I remember I would always think that if I don't enter on time then the amount of Profit I'm not make will be reduced and back then I usually don't have the patience to wait for my trade to get to take Profit in any slight bearish movement I cash out
Now that I think of it it's funny if you ask me
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I personally have gone through a lot since I became a forex trader
What's that experience that you will never forget since you started trading
The one I will never forget is the day I started to trade after my successful completion of my one month training about forex. I was so happy to find my first account in order to cash out big since I feel the knowledge I have was sufficient enough for me to be profitable. Little did I know that learning from the chats also is another long journey you need to master on your own and not just the theoretical aspect you’ve learned initially.
Practice makes perfect they said. Trading with real account is the only time you can tell whether you’re okay to trade the forex market or not or still needs more time to learn how the market moves. You’ll think you’re a pro, till you fund and start trading. My first few trades gave me good profit and I made 70% of my capital but to my greatest surprise I lost them all that night because of greed and wanting to earn more. After I lost it was when I realized I was just scalping and not trading.
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I personally have gone through a lot since I became a forex trader
What's that experience that you will never forget since you started trading
The one I will never forget is the day I started to trade after my successful completion of my one month training about forex. I was so happy to find my first account in order to cash out big since I feel the knowledge I have was sufficient enough for me to be profitable. Little did I know that learning from the chats also is another long journey you need to master on your own and not just the theoretical aspect you’ve learned initially.
Practice makes perfect they said. Trading with real account is the only time you can tell whether you’re okay to trade the forex market or not or still needs more time to learn how the market moves. You’ll think you’re a pro, till you fund and start trading. My first few trades gave me good profit and I made 70% of my capital but to my greatest surprise I lost them all that night because of greed and wanting to earn more. After I lost it was when I realized I was just scalping and not trading.
Thank you so much for this
I have always told people that you never how good you are until you actually start trading with a real account
Then you know how much control you have over your emotions and your dept in the understand of the charts
You may think you are not greedy till you start trading and then fund yourself revenge trading 😅😅
It's funny because when I was learning there's a lot of things I never thought I would do or rather that I told my self I won't do but ended up doing them
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I personally have gone through a lot since I became a forex trader
What's that experience that you will never forget since you started trading
I don't trade forex like that, but have friends who are into it, but i do crypto well, one thing i have learnt from forex is the way of how one can make use of some particular currencies in achieving his market target because those currencies are most volatile and if we must make profit in doing forex, then we must be ready to know the different currencies and pairs which are more volatile and in demand to make quick earnings on them.
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I personally have gone through a lot since I became a forex trader
What's that experience that you will never forget since you started trading
When I first started trading, I fell for the promises of quick wealth and success. Like many beginners, I followed the advice of a trader who claimed to have the perfect strategy. He promised the moon, and I believed it was possible to get rich overnight with minimal effort. However, after a few unsuccessful trades, I realized that the key to success in trading wasn’t following someone else’s plan blindly.
I learned that trading is not a get-rich-quick scheme. It requires patience, discipline, and constant learning. The most important lesson I’ve learned is that you need to develop your own strategy that suits your risk tolerance, market understanding, and goals. Only through careful analysis, testing, and refining your approach can you start to see consistent results. Now, instead of relying on others' promises, I trust my own research and experience.