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Author Topic: Simple practices to improve trading.  (Read 8760 times)

Offline Jamal Aezaz

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Re: Simple practices to improve trading.
« Reply #120 on: July 25, 2024, 07:32:05 PM »
i've done this several times yet i am not that good in trading so i decided to Keep holding so im safer and just waiting .

If you face difficulties in trading and due to such troubles your loss increases then investing is a better option for you because we can change our way of earning if we cannot manage the strategies for trading and have no control to reduce our loss. Unlike trading Investment will not put you in such a huge stress and your loss will also be not larger in number so it is better to invest than to trade.


Signal groups? are they really trustworthy? i doubt they are .


Yes trading signals groups are trustworthy but not every group will provide you right information therefore you can be a part of useless group if you don't search well about the manager of the group. Signal groups are helpful for newbies because they will guide newbies to choose accurately but most of the experienced traders do not take help from any signal groups.
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Re: Simple practices to improve trading.
« Reply #120 on: July 25, 2024, 07:32:05 PM »

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Online milewilda

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Re: Simple practices to improve trading.
« Reply #121 on: July 25, 2024, 09:20:53 PM »
- Practice emotional control.

This is something that i would really be tending to make such good control or on the moment i would really be considering on trying to learn up  on which
emotin is something the biggest factor on why people do make out some impulsive trades or being that too careless on where they are really that not mindful
on the moment that their emotions is really that something on not a good state. This is the main reaon on why traders do make our some impulsive
approach on which this is something not really that good nor recommended.

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Re: Simple practices to improve trading.
« Reply #121 on: July 25, 2024, 09:20:53 PM »

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Online KingsDen

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Re: Simple practices to improve trading.
« Reply #122 on: July 25, 2024, 09:22:32 PM »
- Practice demo trading, although not all traders started with Demo trading because some traders actually could handle the risk of loosing.
Some people avoid demo trading for some certain reasons. There's a big difference between demo trading and real life trading. You could be good at demo trading, since you are not losing anything, your emotions will be stable. But when money involve, your emotion will begin to distablize.

- Whenever you loose in trading, always return back to find out the reason why you failed.
Only if you will discover the reason you failed.

- Do not depend on signal groups.
Even if you have to take a clue from them, you should first know how to trade yourself.

- Practice emotional control.
How do anyone go about this?

- Do not focus on too many cryptocurrency pairs.
Good advice...

- Join a community of traders.
Here you meet failures and winners.
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Online taufik123

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Re: Simple practices to improve trading.
« Reply #123 on: July 25, 2024, 09:53:11 PM »
- Practice emotional control.

This is something that i would really be tending to make such good control or on the moment i would really be considering on trying to learn up  on which
emotin is something the biggest factor on why people do make out some impulsive trades or being that too careless on where they are really that not mindful
on the moment that their emotions is really that something on not a good state. This is the main reaon on why traders do make our some impulsive
approach on which this is something not really that good nor recommended.
It is not easy to do, controlling emotions requires quite a lot of experience because each trade will exert different pressure.

The final decision of trading depends on good decision-making and this is influenced by the emotions of each trader or how psychology will play an important role.

Impulsive actions occur due to a lack of emotional control and not knowing what to do then, it is just done spontaneously without any plan.
It would be more dangerous because it does not know what the real state of the market is.

 

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