What has been your biggest lesson as a Forex trader?

[Resolve]

Not to use many indicators while making a decision - my lesson!

We need to make sure that the Indicator t hat is being used by us is reliable and can help us in getting the profits from our trades.

 

[ForexandGirlsIlike]

Indicators are not really helpful.

 

[Viceroy]

Indicators are not really helpful.

Or "not helpful at all"! )

 

[Petrick Liman]

Indicators are not really helpful.

Yes, that's what i meant

 

[ForexandGirlsIlike]

Or "not helpful at all"! )

true

 

[e_abrams]

Personally I find the indicators I use (Bollinger Bands and Moving Average) quite helpful for the purposes I use them for.

 

[forexking]

My biggest lesson is never to trade without using stop loss.

 

[e_abrams]

Was there a particular incident that taught you that lesson? In my case it was the unpegging of the CHF from the EUR. That was "fun.".

 

[e_abrams]

One either learns that lesson or they continue losing money, unfortunately.

 

[reecerispoli1]

Mine has been that when Forex Trading is approached as an investment, it gives better consistent profits. I refer to it as the power of compounding.

To be patient