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Joined Apr 2018
|459 Posts
i don't think so , emotions can be controlled by practice , generally we the traders don't like to be serious when practice, we trade here basically at random with no analysis.
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Joined Dec 2015
|3,529 Posts
I don't think that most people trade completely at random. The analysis may be flawed and we may have a problem with discipline, but usually there is some sort of strategy at least.
I don't think that most people trade completely at random. The analysis may be flawed and we may have a problem with discipline, but usually there is some sort of strategy at least.
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Of course; discipline is an important issue! But I see, most of the traders lose their trading discipline so easily, when they face back to back SL actually! What do you think on that issue?
{quote} Of course; discipline is an important issue! But I see, most of the traders lose their trading discipline so easily, when they face back to back SL actually! What do you think on that issue?
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I think it is definitely an issue, I know so from personal experience and talking to other traders. It is an issue that can be overcome, but it takes time and dedication to do so.
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Joined Apr 2018
|459 Posts
long time experience is a complicated issue , by passing long time no way for all time to ensure long term experience, on the other hand by maintaining real trading discipline within very short time , thee is a chance to get rich experience on trading.
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Joined Apr 2018
|393 Posts
within very short time,
i have never seen at any guys who
got something more form this trading place ,
so never expect something from here within rapidly.
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Joined Mar 2017
|304 Posts
<p class="MsoNormal">Time is a big deal in Forex market place, if anyone can ensure all inevitable part of trading there is a chance to make sure minimum profit ratio within minimum time , if you don’t have right way, you cant get nothing after passing a long time. </p>
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Joined Apr 2018
|393 Posts
Risk is everywhere in Forex trading , because every faction in here is uncertain and no one can predict the market with certainly , so managing risk foremost challenge , but this skill can captured by means of only regular practice.
Hi MinorChant A few things for you to consider and some golden rules I like to personally follow: Always plan your trade and follow it to the letter. A consistent trading plan can take some time to develop so make one that suits your personality. Terminate your losses quickly if the trade goes against your plan. Most beginners nurture losses because greed kicks in. Don't do this. Let your profits grow as the trade goes with your plan. Don't let fear terminate your profits prematurely. Learn everything about technical indicators and then throw them...
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Very insightful. These tips can really help trader find base in the Forex and know how to go about making good investments. To add onto these, ensure you buy low and sell high as well as minimizing your risk. It pays a lot to have a plan and sticking to it
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Joined Mar 2016
|641 Posts
in spite of having most powerful analyzing trading knowledge there is no chance to avoid risk from trading , so we have to prepare to faces risk , sometimes market moves at random and our strategies not works at all, its all about risk enthronement, face risk in here or leave this market.
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Joined Mar 2020
|170 Posts
Greed is not just spoiling our trading plans but really dangerous. When a Trader gets greed, he'll certainly loose his capital. Of course, it may be these days or even it may be next week, but there's certainly that it will come to loose in one day. we can not get profits all the day. We will be forced to loose our capital in one day.
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Joined Jul 2020
|129 Posts
Forex is the foreign exchange market. Greed is very terrible at trading. The more greed you have, the more you will lose in trading. So we have to give up greed. Risk rewards are an important part of trading success. If the risk-reward is not good, you will not be able to make a profit by trading. If the risk-reward is good, it is possible to cover 2 losses with 1 profit. So you should always trade at a 1: 2 risk-reward.
It is very important to discredit your greed while trading because it tends to mess up your trading. The more profit you make, the more greed you have. Like the user above me said. The more greed you have, the more you will lose in trading.
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Joined Apr 2020
|370 Posts
Greed is the state of never being satisfied. It’s more of an issue of always needing more than wanting more. It makes you indulge in risky trades that you would otherwise avoid.
I don't think that most people trade completely at random. The analysis may be flawed and we may have a problem with discipline, but usually there is some sort of strategy at least.
Ignored
Main problem is with discipline and using the analysis properly. Most Traders get desperate to open trades. They do not wait for set up to come. This fear of losing opportunity makes them vulnerable to the market. Suppose I have a system that give 3 to 4 set up weekly but I want open trade everyday with that strategy. That's when problem arises.
