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Yeah, I now about that truth that forex is risky. But still I keep on trading because I believe one day forex trading can give me more profits than what I already lose in the past. Because of that belief I will not quit trading. In forex you can win and you can always minimize your loses at the same time.
Yeah...that is true that forex is risky but it is the kind of risk that can be avoided and can be minimized by the trader itself. There is always a way how to avoid bigger risk in forex and that is required for a trader to be disciplined and practice good money management on his trading account.
this is the basic thing to understand in forex because in the world every thing is risky as much forex is risky as you have all money but its value is increasing or decreasing all the time but you can afford that as you may not be taking as much risk as much you take in forex. forex is just a normal business and some people just do not know how much to buy and sell is safe?
Forex trading is risky but it doesn't meant we can't minimize the risk. We keep on trading because we know that we will eventually find a way to minimize the effects of loses in our trading account one day. We keep on developing good system because we believe it can give us pure profits in the end.
Loses in forex is not reason enough to stop trading forex for good. We can learn many lessons from our loses if we only care enough to think about it. Most of us don't even try to analyzed where did we go wrong with our mistake. That is why we keep dong the same mistake everyday.
Yes from losses we can learn more about forex and also we can get our mistake point. After getting mistake point we can easily fixed it and next time we can avoid it. If we do everytime like this then we can easily reduce our weakness point and also losses amount. So losses make us more expert on forex trading.Quote:
Originally Posted by rakesh
if we already have a good plan to start a forex business, any risk can certainly go through. forex indeed have a big risk, but instead forex has also a great opportunity to earn money. for that, we should be able to minimize risk and maximize profit.
Forex is my way of life. I was determined to be successful in the forex business, whatever the risk. when we have entered the maket, should have been aware of the huge risks that await. we must have a plan to reduce these risks.
Forex is risky indeed. but the opposite is also very beneficial. so if we're aware of the risks, we can get certain benefits. all bsinis certainly there are risks, not only in forex.
This might be a great topic because of this topic shows the strength and advantages of forex trading even it has more risky and difficult to perform well here. I still start forex just because I have more belief on the educations I learned for forex trading. By using this forum anyone can do forex with great success.