how do i know if i am getting better at forex trading?

@josiah_edem - 7 months ago - Forex Education

hi traders, may i ask what are the signs that one is maturing in forex trading? I mean how does one know if he is improving as a trader?

@weilo_daniel - 7 months ago

1. You Begin To Focus More On Risk

By the time you begin to mature as a trader, it will become more about how much risk a trade poses rather than how much reward you are expecting to get. This means you will not jump into every trade setup you see. You will only pick the ones with the lowest risk.

2. You Dont Hold On To Losing Trades

When maturing as a trader you will begin to cut losing trades early and let profitable trades run longer. You will not be holdong on to losing trades hoping that the tide will turn around.

3. You Trade Only Few Instruments

As a maturing trader, you will realize you no longer trade every pair you see. You will begin to stick to trading only a few pairs where you have a strategy that works or an edge.

4. You Trade Less Frequently

As a maturing trader, you begin to realize that trading is a game of probability. The more trades you take, the hgher the probability that some of the trades will result in losses.

5. You Only Trade At The Begining of A Session

You will realize that the fore market timing is u-shaped and most of the monentum is gotten at the start and end of a trading session.

@randolf_mercer - 7 months ago

You begin to become a better loser. You take losses better as you mature in trading, you begin to realize that your next trade is your best trade. Remember, the best loser is the one who wins in trading.

@liam_calgary - 7 months ago

As you get btter in trading you will notice that you become more patient and wait for the market to act before you react. You will no longer be jumping at every little move you see on the charts hoping to make a quick buck.