Thread: the most important things in forex

Discipline and Combined with Money Management.

1. THE MIRROR
2.
3. Discipline
4. Concentrate
5. Belief
6. Confidence
7. Consistency

Originally Posted by ;

maybe you could give the two main things

#1. Appropriate risk management, and adequate capital to execute it.

#2. A proven, robust egy for entrances and exits, that is ideally grounded in a good understanding of market behavior.

Sure, plogy (field, patience, guts wracking, self-belief, balancing...) is vitally important, but:

I) Without a egy, you have nothing to stay disciplined to.
Ii) In case your egy generates total reduction, you'll never gain the confidence required to exchange it with any discipline or consistency.
Iii) And even should you succeed in maintaining field, with no winning egy you will lose anyway!

Most important thing in forex is higher time frames. love them

SL and !

Originally Posted by ;

I'm not too impressed with the answers in this thread. ... Layers of enlightenment... Digging to the subconscious.

Yes.

DIGGING DEEP INTO THE SUBCONSCIOUS parts of the human mind, this is actually the key.
By now this is the only means to be profitable here, imho.
The advice to have more practice is about training these parts of the human mind.
All these lines, make, digits and characters are only shamanic toys trying to switch on your intuition.

We still don't have good science supporting our researches, imho, that is the reason why the important issue now is shamanic dreaming.

We don't even have a excellent scientific definition of Forex. Is it, say, about banks trading currencies? If so, what are we doing here, if it is only for banks?
We are not banks, are not we? Can it be a contradiction within this hot definition?

So basically we've got two main alternatives.
1. To learn more about dreaming (http://www.wikihow.com/Learn-Shamanic-Dreaming).2. To come up with a fantastic definition of Forex at fist at least (haven't find any proper link).

I would not say plogy isn't significant - that is, one's personal plogy is important. If you are impatient, spontaneous and you allow your emotions to guide you rather than logical thought then you are very likely to get into some deep trouble for a trader. Coaching yoursel to conquer such defects is rather important. Knowing basic technical analysis and gaining enough experience is also helpful.

Originally Posted by ;

I wouldn't say plogy is not important - that is, one's personal plogy is important. If you are impatient, spontaneous and you allow your emotions to guide you rather than rational thought then you're likely to get into some deep trouble as a trader. Training yoursel to conquer such defects is rather important. Knowing fundamental technical analysis and gaining enough experience is also helpful.

IMHO, plogy (emotions) is not important, otherwise emotionless'completely rational''trading robots' will indicate, but they do not.
Therefore, please dismiss these advices which teach one to give up your emotions and to become a robot, because actual software robots aren't profitable.

You have to train your instinct by experience taking all this traces, be, and digits only like a means for description of the market, not enjoy a manual for trading,
or else you have to come up with a new'Forex science' as the existing'Forex science' (i.e. all kinds of'investigations') is not helpful.

Take a trading system which doesn't rely on market conditions and based on common sense and price action only and make it work for yourself. That is all

Regards!

Originally Posted by ;

Require a trading platform that doesn't rely on market conditions and based on common sense and price action only and allow it to work for yourself. That's all Regards!

Therefore, it feels like there is another suggestion?
Except'ratio' and'intuition' (subconscious elements of the human mind) now we have a suggestion to make'common sense' as a foundation for Forex trading?
What's'common sense' exactly? Can it be a mixture of rational and subconscious elements of the human mind?