if we still lose then we can try to learn and practice many trading well. Forex is a business that has a lot of advantages but at the same time a lot of risks that we have to have enough knowledge to be successful in this business
we must continue to learn trading well if we still lose. Forex is a business that has a high risk, the risk that we have much to learn and practice trading. therefore, we need to constantly improve trading skills is good so that the risk can be minimized by good
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That is so true. The forex learning process never seems to end, there's always something new that can help you get better at what you're doing.
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Joined Dec 2017
|106 Posts
It's the most common phenomena. Most of us come into forex by thinking it's the easiest way to make money online. With very minimum knowledge, we start to trade with real money. We think few months demo trading and a ready made strategy available on internet will give me huge return. The swag is with that knowledge we want unrealistic return per month.
It's the most common phenomena. Most of us come into forex by thinking it's the easiest way to make money online. With very minimum knowledge, we start to trade with real money. We think few months demo trading and a ready made strategy available on internet will give me huge return. The swag is with that knowledge we want unrealistic return per month.
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That's true, unfortunately. And the often unethical advertising a lot of brokers engage in just furthers that myth.
It's the most common phenomena. Most of us come into forex by thinking it's the easiest way to make money online. With very minimum knowledge, we start to trade with real money. We think few months demo trading and a ready made strategy available on internet will give me huge return. The swag is with that knowledge we want unrealistic return per month.
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Yes it is. Calculation is always easy but real situation is totally different. Sometimes forex makes us volatile in spite of having good strategies. It’s her own trend and nature.
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Joined Apr 2018
|459 Posts
if there is most powerful analyzing money management , there is a good chance to get better result by using any kinds of trading strategies, success in Forex its all about money management, nothing without it.
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Joined Apr 2018
|393 Posts
Managing money is a great skill that can be supportive to survive in here in a proper way,
but there is any different between money and risk management?
{quote} I think that even 5% is a bit much, I'd stick to 3% at most.
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Yes with money management and proper trading psychology success can be achieved with any strategy. That's why it is said that trading is 90% psychological. Unfortunately most trader ignore money management. They want to get rich overnight. As a result, they lose continuously.
{quote} Yes with money management and proper trading psychology success can be achieved with any strategy. That's why it is said that trading is 90% psychological. Unfortunately most trader ignore money management. They want to get rich overnight. As a result, they lose continuously.
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What actually money management in Forex trading can you please elaborate?
your lotsize too big for that balance, i suggest use micro 0.01 lot
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Consistency is the key here, that’s why we traders need to focus on the consistency rather than a huge trading lots size. Yes, I agree with your opinion on micro lot.
{quote} Consistency is the key here, that’s why we traders need to focus on the consistency rather than a huge trading lots size. Yes, I agree with your opinion on micro lot.
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You are right consistency is the key but to achieve the consistency in the profits traders are required to have a lot of patience.
But not everyone is patient enough and many quit trading in between.
{quote} You are right consistency is the key but to achieve the consistency in the profits traders are required to have a lot of patience. But not everyone is patient enough and many quit trading in between.
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Patience, discipline, willingness to invest time and effort into learning, all these and often more are necessary to become a good trader.
