Sininfinity

You are right. Time is what a trader needs to give himself. Without giving himself the time necessary, one would not improve in his trading. When in a losing state, many things goes through a trader's mind and if they don't have a grasp of it then it can be damaging for them.

Well in the first place, one should avoid getting in these positions. But for newbies they don't realize it until it is too late. I have made similar mistakes in past and learned from them so won't have to repeat them in future.

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A mentor won't make one successful but help one to be. Their experience can help us in many ways and hasten our learning process. I never had a mentor and if others find one I suggest them to take their help. Success will only depend trader himself but a mentor can help in many ways.

Many experts say the same thing. One does not have to jump right straight with the real account. There is a lifetime left for that. First make yourself capable of bringing positive pips. Money can be used later. The forex market gives us the opportunity.

The title just reminded me of what I learned in my economics class. In economics there is a saying that human needs never fulfill. If one need is fulfilled then another need arises and it goes on and on. I may not have said this properly but the thing is when it comes to income learn to stay satisfied. Don't try to get a bit more.

There was a time when I let my emotions take over my trades but now I don't do that anymore. I won't say I have complete control over my trading as I am not a good enough trader but at least emotions does not drive my trades.

What you said is true and I agree with your view. But it is difficult to become a disciplined person. When we say it, it sounds something necessary and must do but when we try to do it then the difficulty can be seen. lol

Forex trading without loss is a myth and a lie. A real trader would never say that he or she never suffers loss. Everyone who trades in this market faces loss. Because nobody predict the future and hence will suffer loss at some point.

That's why we always say that we must learn. New traders have much to learn and they will make many mistakes. It is expected from them to do so. What they must do is learn from those mistakes and that will improve them for better in their future trading.

After one does his or her analysis then there is no right or wrong entry in my opinion. If a trader has planned for a trade then he or she must have done it after giving it sufficient amount of thought. So a trade can go either way.

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I liked what you said. A robot that follows a trader's commands is a good option. Because it is not making any decision on behalf of a trader. Instead it is only following orders of what a trader would do if certain conditions are met.

For experienced traders emotions are not a factor. Because in my opinion they have learned to have control them. But you made a good point. A trader should also know that when to stop trading. Sometimes they forget this thing and does not go a step back to see what is going wrong with their trades.

Well it was not easy for me to gain control over patience. When I was new I was always in a hurry to enter a trade and not saying things happened in my mind after I entered a trade.lol It will take time to gain control over each emotion and a trader must give himself that time.

That's what I said. No matter how hard one tries, a trader can't be right all the time. Sometimes his analysis will work and sometimes it won't. The market moves with collective emotions of traders and whichever side has more weight will win.

Yeah that's a good suggestion in my opinion. That way a trader will have access to more options and will take less risk. The thing is a trader must train himself for the market before fully entering with a decent sum.

That is why it is suggested to use that amount which you can afford to lose. Don't use any amount of money which you can't afford to lose. You will have plenty of opportunity to invest or even make big amount from the market with small amount. But before all that learn to survive in the market and take positive pips.

If one is serious with trading then in a demo account they can see what stop loss can do in case their trades go wrong. That is what happens after the trade is closed.

Agree with you but do we keep a journal lol? I don't keep one and have tried many times lol.