How to win forex trading for newbies and longtime players?

How to win forex trading for newbies and longtime players?
This topic has had many questions and answers, but the majority are still losers. So what has been and is happening in this billion dollar market?
There are many participants who have said or commented that this is a place for sharks, a place for automated EA systems, or it can be said that 95-99% of participants will lose, remaining 1- 5% winners. So who are they?
With long time participation and research in the market “JaydenSmith” shares:
The market is always there, you don’t have to rush. This is a long-term game and if you define this as a profession to make a living, that’s great.
And of course, you will be well prepared and start with every step
1- apprentice
2- practice hard
3- and become a skilled craftsman
The same basic thing applies to all professions in life, not just financial markets.
When you have enough time to work in it then you will surely find for yourself a way of working that is efficient and suitable for your abilities.
Many people also email me and ask for tips and tricks on using indicator tools. But you forgot one thing that:
“They are just tools, but how we use them is up to us, the tools are just helping us to do something easier.
Each tool has its own feature, of course we can’t use the phone as a brick, use a brick if you want to build something. The phone is used for communication.
What needs to be clarified is: what do we need to learn?
This is the financial market, related to the economy of each country, the strength of the country, the fluctuations within that country including politics, military,….
Do we need to be wise for all of the above? I’m sure you see everything related to each other and they don’t wait for us to censor or confirm, as soon as information comes out, whether it’s real or fake, the market will fluctuate right then. .
There are those who choose to trade according to news, analysis of the country situation, technical indicators, instant price action,… and many schools that you name yourself.
For me personally, no matter which school or method, what we should be concerned with directly here is the “PRICE” that reflects the current reality.
It determines the amount of loss, it determines the amount of profit, it determines the image of the indicators, it determines the value.
“Some people think the current price is not important and is only temporary, look at the long term” Yes can be suitable for traders on a yearly basis, and have large capital and extremely large number of orders small period, of course there is no STOPLOSS. people in this group can be 1 to 2 trades a year with minimal volume.
and I can say that this group is not a real trader.
So the rest must have Stoploss, Takeprofit for each transaction.
As you can see, we need to have a clear plan for each transaction including:
– Where to enter the order, why to enter the order there, based on what factors.
– Exit the order if the current price breaks the entry conditions.
– Take profit, Stop loss where, why.
– Should the order be extended to increase profits or not? If yes, please attach any conditions to keep the order.
Basically, that’s all I need for each transaction.
So, how do you decide to choose the entry and exit signals?
You can choose one or a combination of indicators, can also apply candlestick patterns. But you have to follow the rules of the method you choose. If you enter a trade with one strategy, you must exit if the price breaks through that strategy.
Is there anything you would like to share with your friends who are interacting below the studio?
I just want to share again that: “Have a clear trading plan, choose a method and practice it until you become a master”.
Thanks for the sharing.