We should not think

Yes, setting some unrealistic goals is not a good sign for trading forex. Starting small will be helpful.

Starting small is what so important but so many just rush in and lose their savings in a week.

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.

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.

@marioharmon Setting unrealistic profit goal in trading is a common phenomenon. It seems people lost their common sense when they come to forex trading.

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.

Incorrectly exposed I aim does not give, then definitely a good result.

Aim for small goals, and TP on it, after all absolute returns will make you satisfied rather than actual returns on each trade.

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

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.

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.

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.

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.

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.

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.

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.

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.

In trading, this will not work. Only thoughts, only sound and balanced decisions for work.

skihav posted:
In trading, this will not work. Only thoughts, only sound and balanced decisions for work.

I agree with you.