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We should not think
Uczestnik z Jul 23, 2020
869 postów
Mar 19, 2021 at 17:43
Uczestnik z Jul 23, 2020
869 postów
MadBadDangerous posted:I also agree with you completely. Don’t rush to go live account.
Starting small is what so important but so many just rush in and lose their savings in a week.
Uczestnik z Mar 17, 2021
536 postów
Jul 03, 2021 at 10:04
Uczestnik z Mar 17, 2021
536 postów
marioharmon posted:I agree with you. Setting a good goal is very much needed.
Yes, setting some unrealistic goals is not a good sign for trading forex. Starting small will be helpful.
Uczestnik z Jul 19, 2020
751 postów
Jul 04, 2021 at 11:06
Uczestnik z Jul 19, 2020
751 postów
@marioharmon Setting unrealistic profit goal in trading is a common phenomenon. It seems people lost their common sense when they come to forex trading.
Uczestnik z Mar 28, 2021
617 postów
Jul 05, 2021 at 07:45
Uczestnik z Mar 28, 2021
617 postów
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.
Uczestnik z Jun 08, 2021
9 postów
Oct 06, 2021 at 19:01
Uczestnik z Dec 12, 2019
18 postów
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.
Oct 08, 2021 at 12:04
Uczestnik z Aug 21, 2021
61 postów
RobSchiz posted:I agree with you, the forex market keeps changing, it is only the knowledge which you have will help you in every situation.Garrian posted:Trading is not so easy. You need proper knowledge to make money from this market.
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.
Uczestnik z Jun 21, 2021
33 postów
Oct 11, 2021 at 09:47
Uczestnik z Jun 21, 2021
33 postów
skihav posted:Yes exactly!
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.
Forex learning is an extremely important part of trading because your financial security is dependent on it.
Uczestnik z Mar 17, 2021
536 postów
Oct 12, 2021 at 06:51
Uczestnik z Mar 17, 2021
536 postów
skihav posted:I agree with you.
In trading, this will not work. Only thoughts, only sound and balanced decisions for work.
Uczestnik z Apr 09, 2019
538 postów
Oct 12, 2021 at 08:07
Uczestnik z Apr 09, 2019
538 postów
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.
Uczestnik z Jul 27, 2020
102 postów
Oct 12, 2021 at 09:46
Uczestnik z Jul 27, 2020
102 postów
sebking1986 posted:I would say that is very high and quite risky. I haven't gone more than 2% rrr and there was the time where I did go above 3% but it was just purely based on luck. However, if you are very confident enough, then I guess it is okay.
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).
Uczestnik z Apr 09, 2019
538 postów
Oct 12, 2021 at 10:10
Uczestnik z Apr 09, 2019
538 postów
I used 5% as an abritrary number. This is based on 1% risk per trade. But yes if you are break even consistently then making a few tweaks to try and get to 0.5% profit at the end of the month is progress and not to be sniffed at. My point is don't expect to be a losing trader and then be breezing through an FTMO challange a month later. Social media has created false expectations for people coming into trading.
If you can't spot the liquidity then you are the liquidity.
Uczestnik z Sep 13, 2021
8 postów
Uczestnik z Aug 05, 2021
401 postów
Oct 12, 2021 at 17:20
Uczestnik z Aug 05, 2021
401 postów
I originally thought you meant that we shouldn't think while trading based on the title, lol. Having unrealistic goals just sets you up for disappointment when you don't meet them. Instead, I think it's important to celebrate the small victories and to start by patting yourself on the back for *not* losing money.
Uczestnik z Jun 17, 2021
46 postów
Uczestnik z Jun 14, 2021
53 postów
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