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People come into trading

Jan 17, 2021 at 11:40
602 Angesehen
12 Replies
Mitglied seit Jul 19, 2020   751 Posts
Jan 17, 2021 at 11:40
People come into trading in the hope of making huge money. Well it's good to see dream. But the problem is they want it without learning properly. They want to make money just by learning how to make an entry and close entry. They will learn some ready-made strategies available on internet. After sometime they wonder why it's not working. They think the one or two years that need for learning, I can be rich by that time by trading randomly.
Mitglied seit Jul 19, 2020   788 Posts
Jan 17, 2021 at 12:40
Every trader joins the Forex market with a dream. But their dreams come true only when they gain experience. And works according to discipline and plan. And patiently creates a trading strategy.
Mitglied seit Feb 01, 2020   1 Posts
Jan 17, 2021 at 12:41
Thanks good
Mitglied seit Jul 23, 2020   759 Posts
Jan 17, 2021 at 17:45
AliaDare posted:
Every trader joins the Forex market with a dream. But their dreams come true only when they gain experience. And works according to discipline and plan. And patiently creates a trading strategy.
Every trader come to the market for making money. But not all traders can make money from trading.
Mitglied seit Jun 15, 2020   59 Posts
Feb 15, 2021 at 03:44
KnowFinance posted:
There is no doubt in the fact that people want to trade to earn money, but one can become a successful trader only if he has the ability to learn and has ambition and patience.
True there mate. In fact beginners and experienced traders alike must bear in mind that it’s the consistency in practicing, learning, and discipline that would act as the key to stay successful in trading.
Mitglied seit Oct 05, 2020   40 Posts
Feb 15, 2021 at 09:51
inspirenez posted:
KnowFinance posted:
There is no doubt in the fact that people want to trade to earn money, but one can become a successful trader only if he has the ability to learn and has ambition and patience.
True there mate. In fact beginners and experienced traders alike must bear in mind that it’s the consistency in practicing, learning, and discipline that would act as the key to stay successful in trading.
I’ve just graduated and got a clear idea about the fundamentals of forex. But then I wonder, everything I know is subjective or in theory. I still am not ready to take the risk of diving right into live trading. But yeah, I’m dead serious about trading and want to make it my full time profession. Any suggestions on how to go about it?
Mitglied seit Sep 18, 2018   11 Posts
Feb 15, 2021 at 10:32
You have good attitude and importantly know your limitations. The best way to get comfortable with risk is to start with a very small Lot size and increase is by small amounts very slowly. You will gradually get more comfortable with the risks
Mitglied seit Jul 27, 2020   102 Posts
Feb 15, 2021 at 10:59
sadiesimon posted:
For this reason, it is better to not keep an eye on the profits and money, rather one should focus on learning and improving their trades.
Right. People tend to jump to the conclusion when they heard that they can make money on forex or trading software without knowing the fact that you need knowledge and of course practice to pull such profits and money.
Mitglied seit Jan 21, 2021   48 Posts
Feb 20, 2021 at 09:25
Many people come into trading because it is one of the best ways to earn money just by sitting at one place. People can make huge money out of it and can achieve their financial goals but trading is not an easy task, it demands a lot of time, effort and patience too.
Mitglied seit Jul 19, 2020   298 Posts
Feb 22, 2021 at 12:30
Trading is not possible by taking suggestion from some random guy. A pair doesn't always remain in the range or in the trend. And finding the starting point of a trend is the most difficult task. A pair ranging till today may start the trend in next few days. So it has no concrete answer. If you want to be a trader, you have to learn how to adjust with the changing market.
Mitglied seit Dec 24, 2020   12 Posts
Mar 03, 2021 at 04:40
That is right and the learning process should be embraced by traders since it only helps them in the future. Better to start with scratch than regret later, I say.
Mitglied seit Apr 09, 2019   538 Posts
Dec 27, 2021 at 11:53
It's good to dream but you can't expect the highs without lows and putting in the work. There is no room for closed minds and lazy people in trading.
If you can't spot the liquidity then you are the liquidity.
Mitglied seit Nov 03, 2021   53 Posts
Dec 30, 2021 at 04:34
People come into trading with all kinds of false hopes. They think that one day they will make one big trade which can earn them such a huge profit allowing them to comfortably live their life later on without any need to earn money. There is a special role of marketers in reinforcing this unrealistic belief. Traders believe they can directly jump onto the good part without any struggle. However, no one is lucky enough to make it without putting in any effort.
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