The market conditions are not the same always. You can make thousands of profits in one trade with a strategy. But sometimes, the same strategy might not work the same way it did and you may struggle to make even a hundred profits. The market changes rapidly and it will be like this forever.
Blend optimism with realism. I believe that there is always another day for you to trade profitably. Though you cannot lose hope, you have to be realistic while setting your expectations. It's never a good idea to keep using one strategy or trading one currency pair. Add flavours to your trading and that's when you will take another step towards success.
phillipgriffin posted: The market conditions are not the same always. You can make thousands of profits in one trade with a strategy. But sometimes, the same strategy might not work the same way it did and you may struggle to make even a hundred profits. The market changes rapidly and it will be like this forever.
It’s true that profits don’t come easily and you need to have a strategy that is built as per your trading requirements. Your strategy is what paves the way to making successful trades. When you have a powerful trading strategy, you will keep making successful trades one after the other.
Tremblay posted: Forex is a risky business. Many people lose their money in this business because of their low knowledge and experience. So, gather proper knowledge before start trading with real acoount.
No doubt on that bud, I am just curious enough to know the biggest jackpot anyone’s hit in trading.
When I started to trade forex, I was only focusing on making money. After realizing that it’s no child’s play, I decided to dedicate some more time to learning. Studying again gave me a new point of view and my current focus is on improving my trading skills so that I can earn for longer with alpari or any other broker that I will be using.
it is a balancing act. Most important is to restrict the losses and preserve the capital. My mantra has been its not about making money but to avoid losses. It is an ocean out there. You will have ample opportunities. do not try and force trades. Put all your analysis and efforts in finding the right trades. You should have the right reasons before pressing that button. Once you are in, then trade management will come into play. Do not just take a trade. You should remember till much later why you took that particular trade. It will make or lose money but reasoning should be right.
mitchelstrack posted: I did try some strategies but there hasn’t been a consistency in profits. I think it takes a lot of time to get constant results in forex. Wondering if I should start with scalping for making fast returns. Thoughts?
I think it is not possible to make money as long as a trading plan is made without acquiring proper education. Trading education and discipline help build a career.
Ostrzeżenie o wysokim ryzyku: handel walutami obcymi wiąże się z wysokim poziomem ryzyka, który może nie być odpowiedni dla wszystkich inwestorów.
Dźwignia stwarza dodatkowe ryzyko i ryzyko straty. Zanim zdecydujesz się na handel walutami, dokładnie przemyśl swoje cele inwestycyjne, poziom doświadczenia i tolerancję ryzyka.
Możesz stracić część lub całość początkowej inwestycji. Nie inwestuj pieniędzy, których nie możesz stracić. Zbadaj ryzyko związane z handlem walutami i zasięgnij porady niezależnego doradcy finansowego lub podatkowego, jeśli masz jakiekolwiek pytania.
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