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We should not think

marioharmon
Mar 19 2021 at 11:39
15 posts
Yes, setting some unrealistic goals is not a good sign for trading forex. Starting small will be helpful.
MadBadDangerous
Mar 19 2021 at 12:27
12 posts
Starting small is what so important but so many just rush in and lose their savings in a week.
LyudmilLukanov
Mar 19 2021 at 17:43
869 posts
MadBadDangerous posted:
Starting small is what so important but so many just rush in and lose their savings in a week.
I also agree with you completely. Don’t rush to go live account.
SteveHanks
Jul 03 2021 at 10:04
536 posts
marioharmon posted:
Yes, setting some unrealistic goals is not a good sign for trading forex. Starting small will be helpful.
I agree with you. Setting a good goal is very much needed.
UweMoench
Jul 04 2021 at 11:06
751 posts
@marioharmon Setting unrealistic profit goal in trading is a common phenomenon. It seems people lost their common sense when they come to forex trading.
Akasuki
Jul 05 2021 at 07:45
617 posts
Unrealistic profit target is one of reasons people blow out their account. In no other business, people expect to make 100$ into 200$ or 300$ in 2 days.
Faujinn
Jul 05 2021 at 08:20
57 posts
Incorrectly exposed I aim does not give, then definitely a good result.
gradking
Jul 05 2021 at 11:17
15 posts
Aim for small goals, and TP on it, after all absolute returns will make you satisfied rather than actual returns on each trade.
Killerbee12
Jul 05 2021 at 12:03
9 posts
If TP is too small the spread will take all profit from you. Better to have large TP then spread does not matter so much
RobertFerrari
Oct 05 2021 at 19:20
415 posts
marioharmon posted:
Yes, setting some unrealistic goals is not a good sign for trading forex. Starting small will be helpful.
Set a goal and try to achieve that with your hard work and dedication.
Garrian
Oct 06 2021 at 19:01
17 posts
I guess we should tihnk, but we shouldn't believe that everything in trading activity is easy and we shouldn't set unproper goals, unrealistic ones as you said. In my opinion, we have to look at things in trading wisely. We should understand that there is nothing easy in it and we can't get anything we want right away. We have to dedicate lots of time and make plenty of efforts in order to reach success. It relates to any other activities actually. Any activity requires efforts and wished to reach something in it. However, we have to think all the time we sit down in front of the laptops or pcs.
RobSchiz
Oct 06 2021 at 19:36
567 posts
Garrian posted:
I guess we should tihnk, but we shouldn't believe that everything in trading activity is easy and we shouldn't set unproper goals, unrealistic ones as you said. In my opinion, we have to look at things in trading wisely. We should understand that there is nothing easy in it and we can't get anything we want right away. We have to dedicate lots of time and make plenty of efforts in order to reach success. It relates to any other activities actually. Any activity requires efforts and wished to reach something in it. However, we have to think all the time we sit down in front of the laptops or pcs.
Trading is not so easy. You need proper knowledge to make money from this market.
Kanakord
Oct 07 2021 at 18:29
10 posts
It is essential to have realistic goals. Instead of gaining 200% profit during first week, you should think about preserving your initial budget. Otherwise, you'll take too much risks and fail.
no_frame
Oct 08 2021 at 12:04
61 posts
RobSchiz posted:
Garrian posted:
I guess we should tihnk, but we shouldn't believe that everything in trading activity is easy and we shouldn't set unproper goals, unrealistic ones as you said. In my opinion, we have to look at things in trading wisely. We should understand that there is nothing easy in it and we can't get anything we want right away. We have to dedicate lots of time and make plenty of efforts in order to reach success. It relates to any other activities actually. Any activity requires efforts and wished to reach something in it. However, we have to think all the time we sit down in front of the laptops or pcs.
Trading is not so easy. You need proper knowledge to make money from this market.
I agree with you, the forex market keeps changing, it is only the knowledge which you have will help you in every situation.
croisssan
Oct 08 2021 at 12:16
939 posts
I think otherwise. In general, in this industry, you should always be as careful as possible. When I started working with a broker, I paid a lot of attention to this process.
skihav
Oct 09 2021 at 19:34
801 posts
I believe that trading is, on the contrary, a place where thinking is simply necessary. When I started working in this industry with a broker, I devoted a lot of time to the learning process.
TroyTheTrader
Oct 11 2021 at 09:47
33 posts
skihav posted:
I believe that trading is, on the contrary, a place where thinking is simply necessary. When I started working in this industry with a broker, I devoted a lot of time to the learning process.
Yes exactly!
Forex learning is an extremely important part of trading because your financial security is dependent on it.
skihav
Oct 11 2021 at 13:26
801 posts
In trading, this will not work. Only thoughts, only sound and balanced decisions for work.
SteveHanks
Oct 12 2021 at 06:51
536 posts
skihav posted:
In trading, this will not work. Only thoughts, only sound and balanced decisions for work.
I agree with you.
Seb King (sebking1986)
Oct 12 2021 at 08:07
538 posts
I would say that thinking is essential to successful trading however you do raise a very valid point on the subject of setting realisitic expecations. If you are a break even trader, what evidence do you have that you should be aiming for say 5% a month for example? Aim to make any profit (with the same level of rsk).
If you can't spot the liquidity then you are the liquidity.
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