Jack Francisco

:helloooo: Simple- If you have a good grade in mathematics and a excellent background in finance. If you have this- you can be a trader

Luck is an important factor that every trader should take into consideration. Trader must have a good analytical skill or mind in order to make consistently profitable. Don't think today I am lucky and i am going to make huge profit in trading. Absolutely Wrong. It's better to take a loss, being prudent and disciplined in your trading, rather than breaking your rules and coming out with a winner.

Many traders rely on luck in their everyday trading. Do you think that luck lead you through success or through misguided ? Who trade with luck here- share your views with me and do you get unlimited profit everyday?::doh:

:helloooo: This is also very important for the newbies •Be able to read charts fluently •Skilled in technical analysis •Skilled in fundamental analysis •Understand how different markets affect each other •Know what effect different news has on a currency and how important it is •Understand the underlying factors which drive price •Have 100% self control over yourself •Able to think of trading systems •Able to test trading systems, realisticly and not be biased •Know how to manage risk •Understands the importance of money management •Know when to stay out of a trade •Knows when to enter and exit a trade, and how to limit losses •Able to master one's emotions and psychology

Definitely this is the main reasons. I am sure you will agree with me- -Trading because of the buzz it gives -Over-leveraging and putting too much risk on the table -Closing out a winning position too early -Trading with a small account -Feeling you always have to be in a trade / over trading :rofl:

Thanks your kind advice. This is rarely beneficial to me and I will put this in practice.

Thanks for your advice. By the way, What is the R- R ratio? What is the use of this and how can it be helpful in trading? Please elaborate a little more on it. Thanks

Are you successful now? How did you overcome yourself as your weakness? There must have been a turning point when you said, "Aha! I've got it now. This is what I need to do!" Please elaborate what weaknesses do you have in order to get rid of it?

Try a different one-Gold Gold : Buy gold above $1631, next upside targets will $1638, $1644 and $1648. Use stoploss at $1624. Am sure you will get some money

Gold is continuously go upwards, before trading on gold be sure you have enough margin money. U will make a lot of money

Hello Guys, I need your advice guys, Do you think rarely that chart pattern is still a useful tool for trading? Let's share the ideas to have a better trading. Is there any other tools to take into consideration when trading? Thanks