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generally, my dear in forex trading, I actually consider that the biggest mistake we do is not letting the profit in our trade ripe and immature closing puts a limit on profits while by opening trade we bear the same risk size . A right stop and target need to be tirggered at right time .
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Certainly my dear, as I can see I personally believe if we often taking profit too quickly then we will get small profit only and staying with losing trade too long, then we will get so much losses. This habit is very bad. we need to do the opposite. Staying with profit trade for long time and cut the losing trades quickly, then we will get profit
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Money management is the most important thing in Forex trading. because the movement of the market moves very quickly, if we are not disciplined with money management, then we will lose our money very quickly.follow strategy strictly.
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Well certainly my dear, for me I absolutely do believe that if you are staying with your trade then you can get more profit than taking small.profit from your trade because if you understanding the market condition and you judge your trade properly then it is veryeasy to get big profit
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And lost part of human life. You should have confidence in yourself. We must be easy to accept our profits or losses will happen. We should not be scared away, and then do some profit after the transaction in the foreign exchange market or suffered some losses as well.
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In order to avoid this bad cycle, we need to use stop and stop profit. So that we can see if we can see our chart again at night, we can see if the deal gives us a profit or not, so we guys have to leave us for a long time. Will not close the transaction profit too fast, and vice versa
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we have to trade with good knowledge to manage our order properly, and that is happen for beginners that they do not have experience and confidence in their analysis, we have to discipline with our analyze and manage our trades without confused or fear of losses.
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well naturally, my dear, in fact I do consider that it happens to all the traders that they want to get profit earlier and they don't accept loss quickly and their loss goes on increasing. This depends upon the trader's patience. If a trader want to get profit he can but he should wait until the required target is achieved.
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generally, my dear in forex trading, I actually consider that to prevent this particular condition we should trade just whenever we obtain strong signals through market and just when total market analysis. Market daily provides motion of 10-30 pips on a specific path we should trade according to fundamental analysis and market trend.
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well absolutely my dear, In forex trading really I can say that this is a problem i once had and i struggled with for a long time but i have come to over come it over time through learning from mistakes, experience is the best teacher i tell you, having a plan that is realistic and working is the way to go, this will solve all these two problems at once .