all of the mistake is our mistake when we ar got the mistake and got the loss on the forex, because we are making our own analysis not the broker trade for us ,and we control our money there not the broker and not the forex
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all of the mistake is our mistake when we ar got the mistake and got the loss on the forex, because we are making our own analysis not the broker trade for us ,and we control our money there not the broker and not the forex
Excuse me to tell you that I am not with you at all in some cases, like the "chasing trend", in forex market chasing trend is perfectly rational, there are many profitable strategies out there its success held only on chasing the trend.Quote:
Originally Posted by yogesh
I think that this bad quality is the main reason behind my loss on forex date. I do not know how to overcome it. Other reasons may be impatience, poor risk management, trends and also other unconfirmed things
Yes in forex market i think every trader face lose. Some time you need to prepare you self to take some lose i think it is good for you account. Many new trader dont want to take lose thats why there account is come under presser for margin call.
we are just ordinary people escape from many mistakes, whatever how great our analysis would have the possibility of recession, just that with experience we have get then these risks can manage
I've read the book "The Winning Investment Habits of Warren Buffett & George Soros", the essence about big mistakes that lead to loss:
1. Too Believe that you have to predict future market movements to gain big rewards results.
2. Confidence "Teacher". teachers in the sense here is "if I can not predict the market, then other people can do it. that I do is find that person.
3. diversifying
I think main reasons for lose are inadequate funds invested,not have enough experience and wrong analysis.Also some traders open several trades at same time to gain a big profit.It's also lead a loses.
When we have the patience and the better control in our real trades then we will not make the decisions in haste and thus remain protected with the account funds as well as make some profits on a regular basis which will give them better control over their trading.Quote:
Originally Posted by manisha
bhai aapne sahi kaha hai par kuch galat trades ke bare mein kuch trader ko pata hi nahi chalta hai kyun ki usko abhi ye hi nahi pata hota hai ki wo galti kya kar raha hai to wo apni galti kaise sudharega aisa nahi hona chahyie har trader ko apni galti par pura deyaan dena chahiye.
yes what you say is true, what matters is we as traders impatient to do the op position, but patience is required, should we as traders must be able to do the op at the right time, so we do not have losses so large,Quote:
Originally Posted by sangam