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When you are new in forex trading you just need to trade with a small lot size and you just have to think about small profit because if you think about big profit then surely you will use big lot size and you will loss your money very soon.Moreover in starting you dont have good experience about forex trading.
yes this is very good post and it is a very good massage for that who are new in the forex trading and want to earn profit in short time . new traders must focus on learning not for the earning . develop the skillls and than polish it wait for your time and till than get small profit and happen with it
ya to bas tring ka ly he hot ha forex ak acha jkam kha is liy sab is kam ko pasand kart ha or isma kam karn caht ha fprex ma boht pasa ha ya be sab ko pasat ha jo is ka bar ma jant ha
yes dear all the newbies need to first use the demo account for 2 month,s and after that get maximum knowledge about this business and after getting this when you come to trade and never greed at all ..if you have full command on the trade
In simple words you are trying to say that a new trader shouldn't do greed if he is in profits, so I would like to inform you that there are several steps a trader should put to prevent greed factor, in which trailing stop is the main. If a trader is in profits, then he should use trailing stop.Quote:
Originally Posted by hasmo
yes, i agree if you are new you don't try to make more and more profit we should have to control our emotion . greed is very dangerous in Forex trading . if you greedy for money in Forex trade you will face loss . Forex need proper knowledge and practice . if you are new you should practice on demo account and learn about Forex trading . Thank you !
yes you are right, but in my opinion a trader should enter in forex market after getting huge experience about forex trading from demo account practice. so if that person want to earn huge profit from his first time that trader can do that.
you are new in forex trading Do not try to generate income trying to create their own skills. If you are a experienced investor, then you can create huge cash. Forex trading edge trading is a real business, but investors need to learn AY generate income.
it is true that new comers should take it slowly in forex,there is something called beginner's luck where a beginner usually make a lot of money due to luck and he think that he has figured it all out,then the reality hits him and he lose it all,beginners should be wiser than that and don't be fooled by short time results.
yes i am agree with you. in forex we need experience and knowledge to take profits . but many new traders try to make big money in start and then they trade with greed and greed means high risky trading so risk always make losses in our trades....good luck.