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basis for trading beginner must learn about both issues you mentioned therefore you should pay attention to size that is used for open positions will always be controlled so that management and control of emotions and greed should also be avoided because one of the causes of loss
the two best thngs i learnt when doing this risky business are as follows.
forget the greediness for money and not taking large lot sizes.
not dealing depending luck
greed aur emotion is the main two factor hain jo bhi in pur control nahin kur sukta woh kamyabi hasil nahin kur sukta aur Kamyab business man honay kay liyay
in dono pur qabu pana boht zaruri hai.
Yes i did learn from the Forex market about the proper money management in a business for this reason i also using this in my other business also and i think it is the best one for me, and i also did learn that emotional trading is not allowed in the Forex market not only Forex market but also in other business.
they are really important to note in mind with deeply and agree with you, we have to pay attention for it , but all can be done with good , if the trader do that with good discipline and with the patience they get learning more and more .Quote:
Originally Posted by niks
Lot size will depends on your strategy not greed. Meaning theirs a proper way to use big lot size and its does not mean if you are using big lot size you are greedy. Forex trading is all about strategy and if you are good in doing trading its really does not matter if you are using big lots as long you know how to handle big lots. I double my money once in using big lot size but it does not mean I'm doing it every time also.Quote:
Originally Posted by sdpsanjeewa
every trader must have a different decision in the trade they do. that the advantages of forex trading. and advantages of the forex market is the forex market is open daily during 24x5. and this could provide flexibility to the time that we have. My partner liked the forex market, forex market is more stable because of the stock market, stock market is more calm, but when there is trending very big and will move beyond the idea that we have
true once the market situation like this I'm very comfortable pursue forex trading because trading is anything I can do at any time so that I can make it as my second job. fun and can give a lot of revenue.Quote:
Originally Posted by The Queen
The best lesson i learnt from forex trading is patience and persistence in moving ahead is the ultimate to achieve success in our life. Also the more we improve personal skills the better success we get in our life.
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The best lesson i learnt from forex trading is patience and persistence in moving ahead is the ultimate to achieve success in our life. Also the more we improve personal skills the better success we get in our life.
risk management is very important for traders because it affects the capital to be used in determining the size of trading as well as for the open position it is also the soul of psychology as well as the influence of emotions and greed must be controlled if they do not want to experience a continuous loss