steveday1976 posted:Baazex posted:Very important to keep emotions under control. Easier said than done sometimes.
We all have the human tendency to be overtaken by emotions. When we screw up we have a feeling of loss, and even a sense of denial. We wish we could undo the mistake. Going through such a thought process is understandable. It is what you do about it that matters quitting is not an option Successful traders learn to keep emotions under control. Emotionally driven trading decisions lead to trading losses. It's imperative that you do whatever you can to prevent your emotions from interfering with your ability to trade calmly and purposefully. Disappointment and regret are two emotions that interfere with good trading. We feel disappointment when our trades lose. We feel regret when we think we have made a poor decision that might have been avoided.
Sometime very hard but keeping faith in yourself and self-belif is must also rectifying mistakes is needful.
Revenue is vanity, profit is sanity, but cash is king
My biggest problem is finding an honest broker. You might make profits but these crooks would always find a way to steal your money..
@MattKoola Dear Good market research may solve the problem once you will get connected with someone good the whole scenario will be changed
Revenue is vanity, profit is sanity, but cash is king
Nov 18 2019 at 06:32
Quiters will never be winners! Risk management, risk management, risk management!
All or nothing
MattKoola posted:i agree, getting a decent broker is a bliss
My biggest problem is finding an honest broker. You might make profits but these crooks would always find a way to steal your money..
Smith2525 posted:Agreed, risk management is the main part. Making efforts to reduce losses is better than quitting, any day. Trying harder can only bring success.
Quiters will never be winners! Risk management, risk management, risk management!
Baazex posted:
@MattKoola Dear Good market research may solve the problem once you will get connected with someone good the whole scenario will be changed
Any suggestions for a good broker?
to be experience about Fx trading is a long time process and for that we the traders who are particularly newcomers lost interest in here after passing sometimes . patience is first of all needed to be an experienced.
Nov 29 2019 at 14:25
Roberto21 posted:
to be experience about Fx trading is a long time process and for that we the traders who are particularly newcomers lost interest in here after passing sometimes . patience is first of all needed to be an experienced.
Basically which traders try to make money too early, they lose their momentum here! Forex is challenging but not impossible!
Forex market is so complicated above all when you are a beginner , and there is lots of chances to take wrong decision even when choosing a broker . so the importance of a fx mentor is more. but dont fall a scam , good luck
Dec 17 2019 at 05:59
Imamul posted:
Forex market is so complicated above all when you are a beginner , and there is lots of chances to take wrong decision even when choosing a broker . so the importance of a fx mentor is more. but dont fall a scam , good luck
It is definitely hard for the beginner as they have nothing to back them up aside the financial that they are putting into trading. While I agree with you about mentor, I think it is bit hard to find one now these days these people could pretend to be a good mentor. What could be useful is to read the market‘s movement and trying it out in demo and see what can happen. You could always start with real account with maybe $100 deposit and then try your best to make profit from there. Call quit only if you cannot handle losing and bad emotions.
feelsofine posted:Imamul posted:
Forex market is so complicated above all when you are a beginner , and there is lots of chances to take wrong decision even when choosing a broker . so the importance of a fx mentor is more. but dont fall a scam , good luck
It is definitely hard for the beginner as they have nothing to back them up aside the financial that they are putting into trading. While I agree with you about mentor, I think it is bit hard to find one now these days these people could pretend to be a good mentor. What could be useful is to read the market‘s movement and trying it out in demo and see what can happen. You could always start with real account with maybe $100 deposit and then try your best to make profit from there. Call quit only if you cannot handle losing and bad emotions.
It is difficult to find a broker, but honestly, a more important feature is just making sure that you are doing well yourself with trading. In the end, these things tend to work themselves out. It's always best to take baby steps to begin trading than to go in head first, kind of as feelsofine alluded to. Just start small or do play money, see what you can make it of, build up from there. Rome wasn't built in a day as they say.
No gamble no future
you only lose if your quitting never give up each money you lose is a lesson learned
Risk management is the key
Dec 17 2019 at 06:37
If you want to be profitable in no time I can you a system with few strict rules and then you can be profitable. Must follow the riles.
Work hard and play hard
Dec 18 2019 at 02:35
GermanyFX posted:
If you want to be profitable in no time I can you a system with few strict rules and then you can be profitable. Must follow the riles.
Thank you for offering to share your system, please tell us what the details for the strategy is and the specific rules for it.
If it looks too good to be true, it's probably a scam! Let the buyer beware.
Dec 18 2019 at 02:36
skypgee posted:
you only lose if your quitting never give up each money you lose is a lesson learned
Loss is a part of trading. All traders experience loss.
It's how those losses are handled which will determine if a trader will be profitable over the long term of their career.
The difference between a long term successful trader and a blown account is one simple thing. RISK MANAGEMENT.
If it looks too good to be true, it's probably a scam! Let the buyer beware.
Dec 18 2019 at 02:43
MintDice posted:feelsofine posted:Imamul posted:
Forex market is so complicated above all when you are a beginner , and there is lots of chances to take wrong decision even when choosing a broker . so the importance of a fx mentor is more. but dont fall a scam , good luck
It is definitely hard for the beginner as they have nothing to back them up aside the financial that they are putting into trading. While I agree with you about mentor, I think it is bit hard to find one now these days these people could pretend to be a good mentor. What could be useful is to read the market‘s movement and trying it out in demo and see what can happen. You could always start with real account with maybe $100 deposit and then try your best to make profit from there. Call quit only if you cannot handle losing and bad emotions.
It is difficult to find a broker, but honestly, a more important feature is just making sure that you are doing well yourself with trading. In the end, these things tend to work themselves out. It's always best to take baby steps to begin trading than to go in head first, kind of as feelsofine alluded to. Just start small or do play money, see what you can make it of, build up from there. Rome wasn't built in a day as they say.
Pick a highly regulated brokerage with a strong guarantee of asset protections.
Start on demo and stay there until you can make a reasonable profit level for a minimum of 3 to 6 months in a row.
Then move up to a micro or cent account. There is a strong psychological impact for most people when it comes to moving to a live account from demo.
Only invest money you don't care about losing and will have NO IMPACT on your life when the account is blown.
Focus on RISK MANAGEMENT as the #1 priority.
If it looks too good to be true, it's probably a scam! Let the buyer beware.
Dec 18 2019 at 11:32
Professional4X posted:GermanyFX posted:
If you want to be profitable in no time I can you a system with few strict rules and then you can be profitable. Must follow the riles.
Thank you for offering to share your system, please tell us what the details for the strategy is and the specific rules for it.
Please provide the rules I am very interested to read about your system
steveday1976 posted:Yes no one can avoid that. But with honest efforts and sound trading plan one can definitely become a profitable trader.kamikazebogeyman posted:yes i have been able to relate to that in the past.
When losses build and build it is a big emotional problem. one or two is fine but when have 8 losers in a row despair kicks in
Dec 31 2019 at 12:20
GermanyFX posted:That’s nice what rules are you talking about btw?
If you want to be profitable in no time I can you a system with few strict rules and then you can be profitable. Must follow the riles.
