Thread: Know Yourself

One often repeated cliche about trading is the need to know yourself. This is a cliche probably because it so true. No point reading all the books and software if you do not your own mental make-up.

find your trading system according your style, stick to it and develop it

Also, get a strategy according to your style, don’t try to follow somebody else strategy, if that is not working for you, just change it. That´s all

That´s way there are so many trading systems. Try to get so many you thing are enough for you.

I agree with previous posts. It's not about quantity! The strategies are plenty but many might not work for you. Forex is not just a skill profession. There is a lot about intuition and therefore a lot depends on your style.

Sweetie don’t get it. I know my self, but I don’t know the market, and that´s so much important than me, Im just a girl of millions trading so I don’t get your point.

I think what liowkc is trying to say is even if you read a lot about the market, you have to make up your mind and get ready for the same market, because if you are using an strategy and you don’t use it properly, it may be your mistake, so know yourself and get the best (your type) way to trade well

I totally agree with Tara, everyone has a style to trade, so, get a good way to find it, that´s way there are so many indicators and strategies to use.

I know myself, so I know how much I can invest and how much is the limit for me, so I know how to trade, because Im a cautious person so I don’t want to get in the market with too much risk.

Generally it means to try to be like other traders.
Learn from others, learn their trading style and then build your own.
Choose your favorite currencies, pick your chosen timeframes etc.

Be original.