Trading Advice

Discussion in 'General Forex Discussion' started by Lioness, Feb 25, 2014.

  1. Lioness

    Lioness Trader

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    I just read an interview with Al Brooks, a very successful trader. He lost money for the first 10 years he traded. He learned the hard way that the only way to make money in trading is to stop listening to other peoples' advice and experiment until you find your own way. "You can’t learn to trade the same way you buy a TV set." Brooks also recommends not focusing so much on the risk-reward ratio but the focus should be on probability. His insights have made him a billionaire....
    Any thoughts?
     
  2. Rambo35

    Rambo35 Confirmed PaxForex Representative

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    I agree that you should never listen to what other traders try to tell you about your trading.
     
  3. jinia

    jinia Trader

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    I have no idea to advice you. please someone give me a lot of suggestion of Forex. how can i success and wine.
     
  4. Afzal_TP

    Afzal_TP Trader

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    Trader should believe in their self and stop learning from other traders. Trader should not depend on other traders as it will not be good for them and learning process will take longer time.
     
  5. vicknic

    vicknic Confirmed ProfiForex Representative

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    In Forex, you cannot ignore what others say. A determined trader weighs his options and make the right choice. Yes, you need many options, which is readily available from the opinion of others.
     
  6. dalat

    dalat Trader

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    yes. we must alwayls learn feom other . but we must filter ìnormation .
     
  7. mtoto

    mtoto Trader

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    Hi there,
    I didn't realise that it took Al Brooks 10 years before he
    started to be profitable. The fact that he is a pure price action
    trader should point those starting on the trading path, in the right
    direction. He has, i believe, written 3 books on PA trading, i've
    read one, and it's not an easy read.
     
  8. angle13

    angle13 Banned

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    if you can learn from other. it will be good. but you mus filter information you learning
     
  9. zeeshan

    zeeshan Trader

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    dear friend myforex trading advice first of the full knowledge agian and agian and secend of start trading not a easy trading but maind and haret two trading

    Trader should believe in their self and stop learning from other traders. Trader should not depend on other traders as it will not be good for them and learning process will take longer time.and good knowledge and start trading
     
  10. praise

    praise Banned

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    You should not always accepts all advice that are given to you, rather you should weigh the advantage of it. You as a traders should have confidence in your self, do not let any one discourage you especially in hard times. There are thousands of people out there that will give million reasons why you should not continue trading. But remember that winners never quit and quitters never win.
     
  11. nekojfx

    nekojfx Trader

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    I think you should take other people's advice with a pinch of salt.. Of course you should be grateful when you receive advice from experienced traders but I'm not too keen on following other people's strategies, I prefer working on my own system
     
  12. Pionex

    Pionex Trader

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    I made a huge loss making too much greed. I invested $200 and I opened an order of 0.1 lot. But unfortunately it had gone against me. I lost all of my money in a single hour. So we need to alert to avoid loss. It is forex which can make someone rich in a single second and also reverse.
     
  13. Aby123

    Aby123 Active Trader

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    Get to familiarize first what is foreign exchange all about before deciding whether you can handle learning it over time.
     

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