forex becomes a money sucking and money destroying machine only when you do not make your head straight and make the trades as per the plan and make turn yourself into a good trader
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forex becomes a money sucking and money destroying machine only when you do not make your head straight and make the trades as per the plan and make turn yourself into a good trader
One might argue Forex is a money making machine rather than a money sucking machine. We are here to make money. not to loose money. So we try to make a good analysis and earn money. there fore we consider forex is a money making machine but not a money sucking machine. It depends on the what side you are in.Whether you are in winning side or loosing side. Personally i believe Forex is a money making machine as there is a big potential to make a good income with forex trading
You are right if you lose continiously and cannot succeed in forex trading that is due to your own weekness and mistakes, and so people may call it money sucking machine or something... but analysing wisely and having a good strategy you can make handsome returns from the same market.Quote:
Originally Posted by silverfx
bhai jab bhi trader ko loss ho to stop loss k saath hi loss ho na k loss khula chhor dia or account blow ho geya,stop loss zeroori hey or jab loss ho trader ko apni ghelti find kerni chahiye trading rok ker or demo per thori der kerna chahiye jab tek aap ki trading theek nehi ho jaty
forex money sucking machine un k liye hey jo forex sehi sey nehi kertay her trade per loss kertay hien or loss per loss ker k apna account kho baithtay hien isi liye failure traders more than 95% hien, bes 5% hi survive ker paatey hien
Your thoughts are not wrong, but I do not entirely agree. We can still get profit in forex trading if we study it in earnest. small traders mistakes are thinking that forex is a fast way to make money. That's it.
Quote:
Originally Posted by assi
Yes, Forex is money sucking machine for those who just entered in to the Forex trading without proper knowledge. And also for those who have lacking. So, try to get some experience to avoid loses. You may face loses even if you are having experience, we should try to get overall profits and not in all deals.
Yes I agree with you ... a lot of beginner traders think that Forex is a money machine will give them what they want
When entering the account the real and find themselves losing Ajdo it to the opposite .. but the truth of Forex in a sea of money, but how you can take it Matrade this is important and this needs to be lacking in experience more traders
Ifd we don't want forex to be a money sucking machine, we have to develop a trading system. The trading system provides answers for each of the decisions a trader must make while trading. The system makes it easier for a trader to trade consistently because there is a set of rules which specifically define exactly what should be done.
yes, you are saying is true. someone who does not have a mature plan is likely to spend the shortest possible time to get to as much as possible. but even then he would lose as much anyway.Quote:
Originally Posted by tình