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We should not think
Oct 21, 2021 at 10:11
I guess we should think, but not always. We should think only in case we need to make a choice, whether we open a position or not, according to the results of technical or fundamental analysis. In other cases we would better not think too much. We shouldn't think that something might go wrotn or something like that. We must stay emotionless until the deal is expired. Only after the expiration of our deal we can start analyze the next one, or in case of mistake, we have to dedicate couple of minutes to the analysis of mistakes. However, professional advice not to analyze lost deals, only those which brought us profits.
Uczestnik z Dec 09, 2013
138 postów
Oct 22, 2021 at 15:47
Forex market is very uncertain. Thus, it may not work for us if you set a goal or an amount to earn from this market in a particular month/week. Some months/week may not produce good result, some may produce amazing profit. This is how it works. Let us concentrate in trading more so we can only trade on a solid trade setup with proper money management, discipline, and patience. Then, we take whatever it gives us.
Uczestnik z Mar 28, 2021
586 postów
Oct 27, 2021 at 14:47
@croisssan I think you didn't read the post just read the post topic. He said we should not think or set any unrealistic profit target. And he is right. That's bad for trading.
Uczestnik z Jan 22, 2021
126 postów
Oct 27, 2021 at 15:41
Thinking without vision is lethal!
Uczestnik z Jul 19, 2020
749 postów
Oct 28, 2021 at 09:27
@Tam_fx Actually not some, most of traders think so that's why they do not follow proper risk management policy. It's true you can make good money in quick time but not that quick people think. It takes years to be skilled.
Uczestnik z Mar 28, 2021
586 postów
Nov 03, 2021 at 12:59
@forextrader777 Yes forex is not for quick money. But problem is people come here with an unrealistic expectation. That's why they think to make account double in few days and some people even think make double in a day. Problem is in the psychology.
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