I still remember my first days of trading. I was very enthusiastic. I followed lots of tutorials explaining every basic step in trading, from how to register at Quotex to reading charts. However, after several trials, the results that I got did not meet expectations: many finished their way with loss, frustratingly. That is when it turned out, tutorials do not serve any help in understanding trading in reality.

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One of the biggest mistakes was considering that trading is something understandable and manageable in a short time frame. In fact, I came to understand after some time that trading requires time, patience, and a lot of practice. I set my objectives too quickly without any analysis. I did not really get deep enough into the functions performed by technical indicators; one very good example is Bollinger Bands and MA 10.

One more indicator, Bollinger Bands, with a period 20 and deviation 2, is, as stated, used by many traders to define overbought or oversold conditions of the market. Meanwhile, the Moving Average (MA) 10 is a tool that helps one see short-term trends. At first, I could not quite understand how to use both of these indicators properly. I simply put the following tutorials to practice not fully understanding how it works or what the indicators represent.

But I did not give up. I started learning in earnest. More cues from articles, education videos — then, through practice with a Quotex demo account, I found out what Bollinger Bands and MA 10 can do in making better trading decisions. Most significantly, that risk management and discipline are of utmost importance in trading.

After a lot of failures, I began to have some achievements, because I was starting to read signals from Bollinger Bands and MA 10 more correctly. For example, I know that when the price approaches the lower one of the line Bollinger Bands and the MA 10, that is in an uptrend, then that is a good point to open a buy. In short, when the price goes closer to the line of the upper Bollinger Bands and the MA 10 already gives a downtrend, I will open the sell position. In fact, two of these combining indicators were really helpful for me to find trading opportunities with better accuracy.

Only there did I learn money management. Each opened trade has limit levels not to risk more money than I could afford to lose. This way, through risk management, I've managed to keep my account balance safe, even if some trade goes sour.

As time went on, my trading results started to improve. I wasn't that concerned with each loss anymore since I knew it was part of my lessons in life. Most importantly, I continued to learn from each mistake I had made and improved my strategy.

Now, after going through a really long and tiring learning process, I am getting more confident in trading. I am starting to be able to consistently make profits from the trade and, importantly, understand the way the market works and how to make use of technical analysis tools like Bollinger Bands and MA 10.

I have learned and have been enjoying this process of continuous learning and practicing. I will be interested to contribute to people who are thirsty about learning to trade. I know that it is very hard in the beginning, especially after each time you fail. That's why I have begun to give support and mentor friends and nearby people in trading. I share my experiences and knowledge so far that I was able to achieve, hoping they might avoid mistakes I made.

I always focus on the aspect of learning and practice. Trading is not a shortcut to your wealth; it's a journey and requires dedication and patience. I teach them how to use Bollinger Bands and MA 10, how to maintain good money management in order to survive in the long run.

concepts in trading and enjoying success for one's self, it proves that indeed anyone can succeed in the trading world with the right effort to learn.

Therefore, if one is new to trading or one fails to find the right way, they must not give up. Keep on learning, keep on practicing, continue to try to improve, seek support from other people with experience, and keep in mind that success takes time in trading. With all the patience and hard work, one really can come out with those results they are dreaming about.

 

 

 

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