I think the reason for loss is lack in analysis part. Placing position is very easy, but, we should know the correct entry and exit point. how we know this?, by analysis only. So, we may try to expert in analysis. Let us discuss.
I think the reason for loss is lack in analysis part. Placing position is very easy, but, we should know the correct entry and exit point. how we know this?, by analysis only. So, we may try to expert in analysis. Let us discuss.
The important factors which lead to cause loss are:
*Quick entry of traders into real account without proper knowledge and understandings of forex in demo.
*Over-emotional tradings by the traders.
*No proper management of capital and risks.
*Commencement of trade without formulation of proper plans, policies and decisions.
*No use of stop loss order, charts and indicators, etc.
the most important reason for loss is money management and emotion. jyadatar trader in do wajah se aapna money khote he. aur ek karan he aur wo he kam knowledge in forex.
isliye agar forex me profit karna he to isko sikhna parta he aur emotion control karna chhiye.
true and real reasons stated in this topic, the very most that were responsible for my first down falling trade at start are thhese two "3. enter without putting a stop loss with or without the presence of a particular strategy to select
I discovered that a lot of people to live without a stop loss and other people put it randomly
4. after a win-win deal to keep open the hope of obtaining a larger profit. . .
This is a problem of greed, because the market for Ilbt always reflected that. . .
yes stop loss can be a life saver in terms of trade, if we have the habbit of using sl then we are also a lot relaxed and calm minded when we trade, though tp is something that you can use when you leave the chart coz if you are there in front of the chart most of the time then you can manually close the trade for your way of getting profit.
yes trying day trade and swing trade without sl is a lot like planning our own loss, coz if you are going for long term trades then sl is the only thing that will keep you safe from the changing trend and also with tp you can get your profit's locked and safe, the best is trailing sl in such case!