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DAY 10 - THINGS ESSENTIAL FOR TRADING SUCCESS

Some important points to consider:

1) Gut feel without understanding leads to the trading of randomness.
2) Back testing without understanding leads to the trading of randomness.
3) Nothing substitutes for a reasoned understanding of how markets behave and a disciplined execution of trades that reflect that understanding.
4) From reading various books and blogs, I have noticed that the most successful market participants find a limited number of patterns that have favorable odds of success an…
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kyleky avatar
kyleky 10 Aug.

Point no 4 : Its different in trading for a contest & live, to win in a contest, you will need to bet big.
Win it or risk losing everything in hand.

alifari avatar
alifari 11 Aug.

I agree, contest environment and risk management is completely different from live environment.

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DAY 18 - RECIPE FOR SUCCESS

"The hard work in trading comes in the preparation. The actual process of trading, however, should be effortless"
Recipe for Success
1) Back test and find your edge
2) Experiment and master different strategies and apply those to different time frames, so that your strategies produce enough setup each day in order to avoid taking trades out of boredom or frustration.
3) Make sure your average winners are at least 2R
4) Make sure your average losers are less than 1R
5) Don't widen your stop loss,…
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Hello and Welcome

Hello dear Miss Dukascopy Community!
My name is Kate and I am happy to be writing my first post in here. Currently, I am staying in a lovely house on Martha's Vineyard. It is an exceptional and beautiful place, no wander it attracts so many rich and famous people.
When I first heard about Miss Dukascopy contest, I became very interested in it, specifically because it is a very nice challenge and the organizers are seeking not only beauty , but also interesting ideas, creativity, intellect and mu…
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DAY 11 - TENACITY IS THE ABILITY TO NOT GIVE UP

Charles E. Kirk has been involved in the investment world for over 20 years. He is best known as the author of The Kirk Report, an analytical service that also curates important writings in the finance media. In recent years, he has also run an active mentorship program for developing traders and investors. Here is something he shared about his observations and perspectives from his mentorship perch.
"Those who have become successful in my experience always have a high level of tenacity. Those
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The Secret Of Successful Work

Hello Community!
Happy First Of April Everyone!!!! Hope you will have some fun today as today is Fool's Day.)))))))
I have a question. Who knows the secret of productive and successful work?? What makes influence on the result? What shall One can do to get the best result?
In my profession it is all about perfect team!
In fact, I believe it concern to all kinds of work. As soon as you are working in team, you have to be there for 1000%. It is important to feel each other, communicate with each o
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anna_t avatar
anna_t 1 Apr.

крутая обувь у тебя)

JuliaBF avatar
JuliaBF 1 Apr.

anna_t ахах! Стилист называет  их педали))))))) Я очень смеялась!

anna_t avatar
anna_t 1 Apr.

аха да, им подходит такое название))

maximemc8 avatar

agree with you 1000% ... to run a conmpany and make it successful, it is all about the team....alone you don nothing, people who like to do everything alone are not going very far !!

JuliaBF avatar
JuliaBF 2 Apr.

true......

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The apex of success or a sense of completion

Hello! Did you reach your goals this week?

Great, the goal is achieved. You are happy and satisfied. It does not matter the value of the target.
If you want to really get things done, you will surely achieve it, will overcome all obstacles. You've been going to your victories. You went out of all forces and finally got what you want. Perfect! It should allow the body to spend some time in triumph. But carried away by strong emotions and do not let them to master _ This goal has been achieved, an…
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ANABEVZ avatar
ANABEVZ 25 Oct.

JockPippin Agree! In trading, it is important to observe the time limits and to properly evaluate achieved results

ANABEVZ avatar
ANABEVZ 25 Oct.

VictoriaVika These unpleasant thoughts and feelings need to be overcome as quickly as possible. As sooner is located a new goal, the less time to empty ...
But in trading everything differently the goals are  bunch).

ANABEVZ avatar
ANABEVZ 25 Oct.

verindur  Thanks for your opinion! Can you agree with me that trading is the profession where goals never run out?

verindur avatar
verindur 25 Oct.

Its like Football. You score 1. You want More + .....+.....+

ANABEVZ avatar
ANABEVZ 25 Oct.

And all because there is no limit to perfection.
Any record can be changed)

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Psychological Portraits of Traders

It's no secret that every trader has its psychological and professional features and characteristics. As in any business, in Forex set of such tools is very important and fully effect on the result.
Set of the main priorities in market behavior, using the terminology of psychologists, can be defined as: Activity - Positivity - Motivation - Discipline. And from the relocation of the terms, and even more from their absence changes dramatically result.
Psychological portraits of traders:
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Sharpshooter avatar

Насчет «идти против рынка» вопрос очень неоднозначный и объемный. Здесь в 2-х словах не описать)) Но в принципе правильно. Надо плыть по течению)) Просто, иногда стоит свериться по «карте», нет ли за очередным поворотом порогов или «водопада» и не пора соскакивать «с плота» … ))

ANABEVZ avatar
ANABEVZ 23 Oct.

Sharpshooter Поэтично)) Главное, чтобы карта под рукой была) И желательно целая, а не по частям..
Было бы куда соскакивать с плота) Тут нужно запастись парою фанер чтобы до берега доплыть))

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Smart tips fo successfull business by Jack Ma

Hello Community!
Hope all of you had amazing weekend and now ready for productive week!
In order to inspire you I'm gonna share a useful information with you.
Today I watched an interview with Jack Ma who is the main founder and chairman of Alibaba Group, China's largest e-commerce business. He gave some advices how to achive success in business. As he is in his 49 the richest man in China I found his advices worth to listen to.

- Your attitude to work and decisions you make are more important…
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ANABEVZ avatar
ANABEVZ 6 Oct.

Возьму на заметку!)

speculo_ergo_sum avatar

really, are all successful people give out the secrets of their trade?

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Per aspera ad astra!!!

Hello Community!
Hope all of you enjoing the last day of September))))) Here in Kiev we have proper autumn already. Such weather always makes me think a lot about life. So...
I have a question. . Do you guys believe in destiny? How do you think people becoming successful? Because of their destiny or hard work and faith in wonderful future? I believe in second option! I think that the person can get desirable success only through hard work on himself or herself and ability to step out from the c
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JuliaBF avatar
JuliaBF 30 Sep.

verindur Smart woman has to have small secrets)))))

OneGoodTrade avatar

We just have to learn from other people's mistakes ...we don't have enough time in our life to make all the mistakes ourselves :)

JuliaBF avatar
JuliaBF 30 Sep.

OneGoodTrade that's sounds very smart. Unfortunately it is not about me. I'm as a reall blond get life experience exceptionally from own mistakes as always thinks that I won't have troubles as other had))))

samme avatar
samme 1 Oct.

great lessons on how we should live our lives...

JuliaBF avatar
JuliaBF 1 Oct.

thanks samme)))) These lessons are for those who wants to get the top point in life! So good luck)))

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Useful Habbits of Happy People

Good Evening My Dear Community!!!!!!
Does everyone happy that today is Friday and the whole weekend ahead?? I think YEAH)))))))))))))))
But do you feel such happiness everyday?? Do you really feel yourself exciting every morning you wake up? Even when you are in bad life situation? We are all humans and it is impossible for us to feel happiness each and every day as any situation can happen to us... Unfortunately... But you know there is no unsolvable situation exist but if you somehow c
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