When You First Start Out Trading

[ituglobal]

Question: Hey Joe! Has anyone that you know put together a compendium of what to look for when you first start out trading?



Answer: Not that I know of. But consider the following: As a trader you are in a contest. Your strongest opponent has plenty of capital. He follows a program and he does it without emotion. He is totally aware of the fact that no one knows where the next tick will fall. Whereas he usually has good insights regarding the major forces that drive the market, he does not fool himself into thinking he can explain the vagrancies of price movement intraday or even from day to day. He knows that no one truly can.

The successful trader has learned his lessons by actually trading. This is a competitive business and very few worthwhile pointer are given out by the industry, your competition, or the myriad of so-called trading gurus who plague the pages of trading magazines and pages of their websites. The most valuable information is closely guarded and not often put in books or on web pages. Learning about trading is a 'forever' experience. As the markets change and as we adjust to them, we learn. The learning is ongoing. It stops only when you no longer trade. During the time we trade we can always improve.

From Joe Ross

Source: https://tradingeducators.com/blog-page/first-start

 

[Zerologic]

I think learning forex trading is not limited by time, as long as we are still becoming forex traders, we will always be learning, because the market is always changing and shifting, traders need to update their market analysis to adjust their strategy.

 

[hayseed]

compendium..... vagrancies......

//-----

had to look those words up......

very few worthwhile pointer are given out by the industry, ..... would tend to strongly disagree with that......

there is no lack of worthwhile pointers given by the industry.....

the only lack, might be in my ability to follow those worthwhile pointers..... can sum that up in 3 letters......

ego......h

 

[Faillims43]

Great insights! Trading is indeed a lifelong learning process—markets evolve, and so must we. Discipline, emotional control, and adaptability are key. While resources help, real growth comes from experience. As you said, no one "owns" the market, so staying humble and focused on risk management separates winners from the rest. Keep grinding!

 

[rmufti68]

We can only evolve in our trading skills by spending time in these markets learning out the necessary skills which are required to stay profitable in this industry. This market is very professional and it does not spare any of the traders' mistake so take it along with patience and learn the market mechanics in order to become a consistently profitable trader.

 

[Thaddeus Finch]

We can only evolve in our trading skills by spending time in these markets learning out the necessary skills which are required to stay profitable in this industry. This market is very professional and it does not spare any of the traders' mistake so take it along with patience and learn the market mechanics in order to become a consistently profitable trader.

learning through experience is key. But do you think there’s a point where time in the market needs to be paired with a more structured approach or mentorship to really level up?

 

[rmufti68]

Mentorship is good in my opinion however it is hard to find a good mentor these days yet those mentors does not come for free like the demo accounts. That's why these forums get the edge to help every new traders because the community here have most traders i believe.

 

[Zerologic]

Mentorship is good in my opinion however it is hard to find a good mentor these days yet those mentors does not come for free like the demo accounts. That's why these forums get the edge to help every new traders because the community here have most traders i believe.

The forum is really helpful for me, I have learn more about forex trading on the forum, this is includes a cheaper way to learn. However, if you find a reliable mentor, it would be great to learn from his/her experience and insight so we may get other views from a different angle.

 

[rmufti68]

Thank you for appreciating the forums contributors and admin will be happy for now looking at our comments. 🙂

 

[Valetax]

When you first start trading, remember: you’re up against professionals with deep pockets, strict rules, and no emotion. They don’t pretend to know every move the market will make—they just follow their plan and manage risk.

Trading isn’t about shortcuts or secret tips. Most valuable lessons come from doing it yourself. Books and gurus can help a bit, but the real learning happens through experience. Markets change, and you have to keep learning and adjusting. It’s a journey that never really ends—only when you stop trading.

 

[Magnolia_York]

When you first start trading, remember: you’re up against professionals with deep pockets, strict rules, and no emotion. They don’t pretend to know every move the market will make—they just follow their plan and manage risk.

Trading isn’t about shortcuts or secret tips. Most valuable lessons come from doing it yourself. Books and gurus can help a bit, but the real learning happens through experience. Markets change, and you have to keep learning and adjusting. It’s a journey that never really ends—only when you stop trading.

I also found that trading in groups was helpful.